RiverFront Dynamic Correlations

RFDA Etf

USD 64.31 0.11 0.17%

The current 90-days correlation between RiverFront Dynamic and ALPS Electrification Infrastructure is 0.63 (i.e., Poor diversification). The correlation of RiverFront Dynamic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

RiverFront Dynamic Correlation With Market

Poor diversification

The correlation between RiverFront Dynamic Dividend and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RiverFront Dynamic Dividend and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RiverFront Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RiverFront Dynamic Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with RiverFront Etf

0.61	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.8	VYM	Vanguard High Dividend	Pair Corr
0.61	IWD	iShares Russell 1000	Pair Corr
0.61	IVE	iShares SP 500	Pair Corr
0.68	SPYV	SPDR Portfolio SP	Pair Corr
0.68	IUSV	iShares Core SP	Pair Corr
0.68	NOBL	ProShares SP 500	Pair Corr
0.84	FNDX	Schwab Fundamental Large Sell-off Trend	Pair Corr
0.65	TOAK	Manager Directed Por	Pair Corr
0.79	FB	ProShares Trust ProShares	Pair Corr
0.79	VTI	Vanguard Total Stock	Pair Corr
0.78	SPY	SPDR SP 500	Pair Corr
0.78	IVV	iShares Core SP	Pair Corr
0.7	VB	Vanguard Small Cap	Pair Corr
0.8	TOT	Advisor Managed Port	Pair Corr
0.73	BA	Boeing	Pair Corr

Moving against RiverFront Etf

0.44	NFLX	Netflix Sell-off Trend	Pair Corr
0.5	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.47	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	BUL	FSZ	FEUZ	BLUI	EMC	USAI	FEUS	ONLN	KWT	ELFY
BUL		0.92	0.93	0.81	0.7	0.56	0.85	0.77	-0.13	0.51	BUL
FSZ	0.92		0.97	0.81	0.74	0.63	0.72	0.62	-0.27	0.51	FSZ
FEUZ	0.93	0.97		0.87	0.81	0.7	0.72	0.68	-0.34	0.61	FEUZ
BLUI	0.81	0.81	0.87		0.72	0.81	0.59	0.67	-0.56	0.66	BLUI
EMC	0.7	0.74	0.81	0.72		0.5	0.57	0.72	-0.42	0.84	EMC
USAI	0.56	0.63	0.7	0.81	0.5		0.36	0.39	-0.46	0.6	USAI
FEUS	0.85	0.72	0.72	0.59	0.57	0.36		0.76	0.1	0.41	FEUS
ONLN	0.77	0.62	0.68	0.67	0.72	0.39	0.76		-0.24	0.64	ONLN
KWT	-0.13	-0.27	-0.34	-0.56	-0.42	-0.46	0.1	-0.24		-0.38	KWT
ELFY	0.51	0.51	0.61	0.66	0.84	0.6	0.41	0.64	-0.38		ELFY
	BUL	FSZ	FEUZ	BLUI	EMC	USAI	FEUS	ONLN	KWT	ELFY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FEUZ	+ 0.97	FSZ
FEUZ	+ 0.93	BUL
FSZ	+ 0.92	BUL
BLUI	+ 0.87	FEUZ
FEUS	+ 0.85	BUL
ELFY	+ 0.84	EMC

High negative correlations

KWT	- 0.56	BLUI
KWT	- 0.46	USAI
KWT	- 0.42	EMC
ELFY	- 0.38	KWT
KWT	- 0.34	FEUZ
KWT	- 0.27	FSZ

RiverFront Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between RiverFront Etf performing well and RiverFront Dynamic ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze RiverFront Dynamic's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BUL	0.72	0.05	0.05	0.12	0.83	(0.79)	1.66	(1.57)	3.87
FSZ	0.58	0.10	0.11	0.20	0.50	(0.67)	1.30	(1.12)	3.41
FEUZ	0.59	0.14	0.16	0.24	0.52	(0.69)	1.33	(1.14)	3.42
BLUI	0.13	0.02	(0.20)	0.18	0.00	(0.15)	0.28	(0.24)	0.82
EMC	0.76	0.03	0.02	0.11	0.90	(0.80)	1.67	(1.42)	5.41
USAI	0.73	0.16	0.11	0.96	0.69	(0.83)	1.59	(1.23)	4.09
FEUS	0.54	(0.04)	(0.07)	0.01	0.78	(0.52)	1.13	(1.19)	3.83
ONLN	1.09	0.01	0.01	0.08	1.48	(1.10)	1.89	(2.43)	5.81
KWT	0.62	(0.06)	0.00	(0.32)	0.00	0.00	1.04	(1.14)	8.55
ELFY	0.90	(0.01)	(0.01)	0.06	1.23	(0.88)	1.93	(1.93)	4.78

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