Fairlead Tactical Correlations

TACK Etf

USD 28.11 0.03 0.11%

The current 90-days correlation between Fairlead Tactical Sector and Virtus ETF Trust is 0.9 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fairlead Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairlead Tactical Sector moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fairlead Tactical Correlation With Market

Significant diversification

The correlation between Fairlead Tactical Sector and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fairlead Tactical Sector and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fairlead Etf

0.82	TDSC	Cabana Target Drawdown	Pair Corr
0.83	YYY	Amplify High Income	Pair Corr
0.69	FVC	First Trust Dorsey	Pair Corr
0.91	TDSB	Cabana Target Drawdown	Pair Corr
0.93	GMOM	Cambria Global Momentum	Pair Corr
0.7	AGOX	Adaptive Alpha Oppor	Pair Corr
0.68	DALI	First Trust Dorsey	Pair Corr
0.79	PMBS	PIMCO Mortgage Backed	Pair Corr
0.7	YCL	ProShares Ultra Yen	Pair Corr
0.61	CEFD	ETRACS Monthly Pay	Pair Corr
0.73	FXY	Invesco CurrencyShares	Pair Corr
0.75	RFDA	RiverFront Dynamic	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.86	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.79	VZ	Verizon Communications	Pair Corr

Moving against Fairlead Etf

0.42	TSJA	TSJA	Pair Corr
0.42	DSJA	DSJA	Pair Corr
0.48	BA	Boeing	Pair Corr
0.39	OBIL	US Treasury 12	Pair Corr
0.38	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JOET	COWZ	DBMF	INFL	SVAL
JOET		0.74	0.21	0.46	0.78	JOET
COWZ	0.74		0.24	0.86	0.84	COWZ
DBMF	0.21	0.24		0.31	0.02	DBMF
INFL	0.46	0.86	0.31		0.64	INFL
SVAL	0.78	0.84	0.02	0.64		SVAL
	JOET	COWZ	DBMF	INFL	SVAL

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Fairlead Tactical Constituents Risk-Adjusted Indicators

There is a big difference between Fairlead Etf performing well and Fairlead Tactical 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 Fairlead Tactical'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
JOET	0.76	0.09	0.01	1.48	0.98	(0.78)	1.57	(1.75)	7.73
COWZ	0.61	0.01	(0.06)	0.11	0.75	(0.64)	1.29	(0.99)	5.70
DBMF	0.38	(0.01)	(0.19)	0.30	0.50	(0.37)	0.73	(0.87)	2.10
INFL	0.82	(0.07)	0.00	(0.04)	0.00	0.00	1.60	(1.67)	6.70
SVAL	0.99	0.05	(0.03)	0.53	1.11	(1.32)	2.20	(1.76)	13.71

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