SWP Growth Correlations

SWP Etf

USD 28.87 0.12 0.42%

The current 90-days correlation between SWP Growth Income and iShares Dividend and is 0.76 (i.e., Poor diversification). The correlation of SWP Growth 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SWP Growth Correlation With Market

Very poor diversification

The correlation between SWP Growth Income and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SWP Growth Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SWP Etf

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

Moving together with SWP Etf

0.9	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.92	VIG	Vanguard Dividend	Pair Corr
0.9	VV	Vanguard Large Cap	Pair Corr
0.68	RSP	Invesco SP 500	Pair Corr
0.9	IWB	iShares Russell 1000	Pair Corr
0.9	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity	Pair Corr
0.69	SPLG	SSgA Symbol Change	Pair Corr
0.84	FB	ProShares Trust ProShares	Pair Corr
0.89	TOT	Advisor Managed Port	Pair Corr
0.84	DUKH	Ocean Park High	Pair Corr
0.92	FTBI	First Trust Exchange	Pair Corr
0.68	SMLV	SPDR SSGA Small	Pair Corr
0.8	FLCV	Federated Hermes ETF	Pair Corr
0.97	QLC	FlexShares Quality Large	Pair Corr
0.91	CSD	Invesco SP Spin	Pair Corr
0.81	QULL	ETRACS 2x Leveraged	Pair Corr
0.62	SCZ	iShares MSCI EAFE	Pair Corr
0.68	SIXS	6 Meridian Small	Pair Corr
0.89	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.7	PHT	PHT	Pair Corr
0.91	VOO	Vanguard SP 500	Pair Corr
0.87	TJUL	Innovator Etfs Trust	Pair Corr
0.89	HYSD	Columbia ETF Trust	Pair Corr
0.64	QQH	HCM Defender 100	Pair Corr
0.75	FSST	Fidelity Sustainability	Pair Corr
0.63	ZSB	USCF Sustainable Battery	Pair Corr
0.83	ECOW	Pacer Emerging Markets	Pair Corr

Moving against SWP Etf

0.77	NFLX	Netflix	Pair Corr
0.76	VXX	iPath Series B Sell-off Trend	Pair Corr
0.6	GBTC	Grayscale Bitcoin Trust	Pair Corr

Related Correlations Analysis

	DIVB	MCSE	FV	GK	MEME	METV	DMAT	DMCY	DMXF
DIVB		0.18	0.81	0.04	-0.34	-0.3	0.71	0.86	0.65	DIVB
MCSE	0.18		0.58	0.79	0.37	0.78	0.15	0.17	0.62	MCSE
FV	0.81	0.58		0.55	0.06	0.19	0.65	0.73	0.81	FV
GK	0.04	0.79	0.55		0.5	0.86	0.03	0.08	0.5	GK
MEME	-0.34	0.37	0.06	0.5		0.55	-0.11	-0.16	0.24	MEME
METV	-0.3	0.78	0.19	0.86	0.55		-0.3	-0.27	0.26	METV
DMAT	0.71	0.15	0.65	0.03	-0.11	-0.3		0.69	0.53	DMAT
DMCY	0.86	0.17	0.73	0.08	-0.16	-0.27	0.69		0.82	DMCY
DMXF	0.65	0.62	0.81	0.5	0.24	0.26	0.53	0.82		DMXF
	DIVB	MCSE	FV	GK	MEME	METV	DMAT	DMCY	DMXF

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

DMCY	+ 0.86	DIVB
METV	+ 0.86	GK
DMXF	+ 0.82	DMCY
FV	+ 0.81	DIVB
DMXF	+ 0.81	FV
GK	+ 0.79	MCSE

High negative correlations

MEME	- 0.34	DIVB
DMAT	- 0.3	METV
METV	- 0.3	DIVB
DMCY	- 0.27	METV
DMCY	- 0.16	MEME
DMAT	- 0.11	MEME

SWP Growth Constituents Risk-Adjusted Indicators

There is a big difference between SWP Etf performing well and SWP Growth 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 SWP Growth'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
DIVB	0.55	(0.01)	(0.02)	0.06	0.64	(0.56)	1.06	(1.05)	3.03
MCSE	0.84	(0.11)	0.00	(0.03)	0.00	0.00	1.26	(1.71)	4.93
FV	0.70	(0.02)	(0.02)	0.05	0.94	(0.67)	1.30	(1.49)	3.28
GK	0.81	(0.10)	0.00	(0.03)	0.00	0.00	1.59	(2.18)	5.15
MEME	4.04	(0.60)	0.00	(1.18)	0.00	0.00	11.52	(9.19)	25.27
METV	1.18	(0.22)	0.00	(0.09)	0.00	0.00	2.62	(3.00)	6.51
DMAT	1.63	0.27	0.13	0.27	1.91	(1.77)	2.61	(3.25)	13.99
DMCY	0.56	0.01	0.00	0.09	0.77	(0.53)	0.91	(1.15)	3.09
DMXF	0.64	(0.02)	(0.02)	0.05	0.89	(0.57)	1.09	(1.31)	2.96

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