Cambria Tail Correlations

TAIL Etf

USD 11.39 0.01 0.09%

The current 90-days correlation between Cambria Tail Risk and AIM ETF Products is -0.78 (i.e., Pay attention - limited upside). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambria Tail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambria Tail Risk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cambria Tail Correlation With Market

Pay attention - limited upside

The correlation between Cambria Tail Risk and DJI is -0.93 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Tail Risk and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cambria Etf

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

Moving together with Cambria Etf

0.69	SH	ProShares Short SP500	Pair Corr
0.84	SPXU	ProShares UltraPro Short	Pair Corr
0.81	SDS	ProShares UltraShort	Pair Corr
0.78	SPXS	Direxion Daily SP	Pair Corr
0.88	RWM	ProShares Short Russ	Pair Corr
0.66	SPDN	Direxion Daily SP	Pair Corr
0.88	DOG	ProShares Short Dow30 Sell-off Trend	Pair Corr
0.78	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against Cambria Etf

0.97	QTAP	Innovator Growth 100	Pair Corr
0.96	XTAP	Innovator Equity Acc	Pair Corr
0.95	XTOC	Innovator ETFs Trust	Pair Corr
0.93	QTJA	Innovator ETFs Trust	Pair Corr
0.93	XTJA	Innovator ETFs Trust	Pair Corr
0.89	QTOC	Innovator ETFs Trust	Pair Corr
0.77	UPRO	ProShares UltraPro SP500 Sell-off Trend	Pair Corr
0.51	EIPX	First Trust Exchange	Pair Corr
0.89	AA	Alcoa Corp	Pair Corr
0.81	BA	Boeing	Pair Corr
0.72	MRK	Merck Company Earnings Call This Week	Pair Corr
0.7	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.63	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.61	INTC	Intel Upward Rally	Pair Corr
0.56	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr
0.55	BAC	Bank of America	Pair Corr
0.51	JPM	JPMorgan Chase	Pair Corr
0.49	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.39	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.48	0.15	0.01	-0.05	-0.18	0.46	0.05	-0.14	-0.11	META
MSFT	0.48		0.76	-0.49	0.48	0.27	0.34	-0.15	-0.83	-0.65	MSFT
UBER	0.15	0.76		-0.45	0.42	0.5	0.05	-0.27	-0.8	-0.52	UBER
F	0.01	-0.49	-0.45		-0.59	-0.21	0.09	0.46	0.66	0.6	F
T	-0.05	0.48	0.42	-0.59		0.62	-0.15	-0.25	-0.46	-0.64	T
A	-0.18	0.27	0.5	-0.21	0.62		-0.2	-0.12	-0.31	-0.5	A
CRM	0.46	0.34	0.05	0.09	-0.15	-0.2		0.65	-0.11	-0.4	CRM
JPM	0.05	-0.15	-0.27	0.46	-0.25	-0.12	0.65		0.36	-0.05	JPM
MRK	-0.14	-0.83	-0.8	0.66	-0.46	-0.31	-0.11	0.36		0.7	MRK
XOM	-0.11	-0.65	-0.52	0.6	-0.64	-0.5	-0.4	-0.05	0.7		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

UBER	+ 0.76	MSFT
XOM	+ 0.7	MRK
MRK	+ 0.66	F
JPM	+ 0.65	CRM
A	+ 0.62	T
XOM	+ 0.6	F

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.8	UBER
XOM	- 0.65	MSFT
XOM	- 0.64	T
T	- 0.59	F
XOM	- 0.52	UBER

Cambria Tail Competition Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Tail 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 Tail'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	1.45	(0.19)	0.00	(0.12)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.07	(0.13)	0.00	(0.42)	0.00	0.00	1.85	(2.50)	4.90
UBER	1.43	(0.29)	0.00	(0.33)	0.00	0.00	2.50	(3.82)	10.23
F	1.47	0.12	0.09	0.15	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.04)	0.00	(0.05)	0.00	0.00	1.63	(1.85)	4.30
A	1.20	(0.23)	0.00	(0.11)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.43	(0.22)	0.00	(0.15)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.11	(0.05)	(0.01)	0.03	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.28	0.19	0.46	1.14	(1.50)	3.59	(1.98)	8.09
XOM	1.06	0.27	0.17	4.39	0.96	(1.23)	2.38	(1.51)	5.82

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