Cambria Correlations

SOVB Etf

USD 18.99 0.00 0.00%

The current 90-days correlation between Cambria and Cambria Global Tail is -0.31 (i.e., Very good diversification). The correlation of Cambria 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.

Cambria Correlation With Market

Average diversification

The correlation between Cambria and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Cambria Etf

0.64	QID	ProShares UltraShort QQQ	Pair Corr
0.62	TAIL	Cambria Tail Risk	Pair Corr
0.73	HF	Tidal Trust II	Pair Corr
0.71	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.83	JNJ	Johnson Johnson Earnings Call Today	Pair Corr
0.76	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.61	KO	Coca Cola Sell-off Trend	Pair Corr
0.76	HPQ	HP Inc	Pair Corr

Moving against Cambria Etf

0.65	BUFF	Innovator Laddered	Pair Corr
0.62	CETH	21shares Core Ethereum Downward Rally	Pair Corr
0.6	AIQ	Global X Artificial	Pair Corr
0.51	MPAY	Akros Monthly Payout	Pair Corr
0.72	AXP	American Express Earnings Call This Week	Pair Corr
0.68	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.59	DIS	Walt Disney	Pair Corr
0.57	JPM	JPMorgan Chase	Pair Corr
0.43	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.64	-0.58	-0.52	0.41	0.59	0.53	0.42	-0.11	-0.64	META
MSFT	0.64		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.58	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.52	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.41	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.59	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.42	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.11	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.64	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER
CRM	+ 0.65	MSFT

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.64	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
T	- 0.58	UBER
UBER	- 0.58	META

Cambria Competition Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria 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 Cambria'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
META	1.36	0.07	0.03	0.26	1.52	(1.53)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	(0.50)	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.34)	0.00	(0.88)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.09)	0.00	(0.14)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.09	0.05	(0.80)	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.02	0.01	0.06	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.09	1.01	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	2.16	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.16)	0.00	(2.55)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.16)	0.00	(0.30)	0.00	0.00	1.71	(1.67)	6.06

Cambria Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cambria etf to make a market-neutral strategy. Peer analysis of Cambria could also be used in its relative valuation, which is a method of valuing Cambria by comparing valuation metrics with similar companies.

Cambria Global Tail Cambria FT Vest Equity Zillow Group Class Northern Lights VanEck Vectors Moodys BZDYF Freedom Day Dividend SSGA Active Trust American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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