Cabana Target Correlations

Etfs . USA . 
Etf . Cabana Target Drawdown
TDSC Etf  USD 26.39  0.30  1.12%   
The current 90-days correlation between Cabana Target Drawdown and Alexis Practical Tactical is 0.86 (i.e., Very poor diversification). The correlation of Cabana Target 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.

Cabana Target Correlation With Market

Very poor diversification

The correlation between Cabana Target Drawdown and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cabana Target Drawdown and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Cabana Etf
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cabana Target Drawdown. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Cabana Etf

  0.96YYY Amplify High IncomePairCorr
  0.89FVC First Trust DorseyPairCorr
  0.97TDSB Cabana Target DrawdownPairCorr
  0.98GMOM Cambria Global MomentumPairCorr
  0.73AGOX Adaptive Alpha OpporPairCorr
  0.97TACK Fairlead Tactical SectorPairCorr
  0.88DALI First Trust DorseyPairCorr
  0.7UPRO ProShares UltraPro SP500PairCorr
  0.68QTJA Innovator ETFs TrustPairCorr
  0.7QTOC Innovator ETFs TrustPairCorr
  0.85XTOC Innovator ETFs TrustPairCorr
  0.87QTAP Innovator Growth 100PairCorr
  0.86XTJA Innovator ETFs TrustPairCorr
  0.87XTAP Innovator Equity AccPairCorr
  0.87RDIV Invesco SP UltraPairCorr
  0.88GAPR First Trust ExchangePairCorr
  0.94BINC BlackRock ETF TrustPairCorr
  0.89AHYB American Century ETFPairCorr
  0.91IBMR iShares TrustPairCorr
  0.93SPMD SPDR Russell SmallPairCorr
  0.86OASC OneAscent Small CapPairCorr
  0.94IAUM iShares Gold TrustPairCorr
  0.88GSIG Goldman Sachs AccessPairCorr
  0.84VBK Vanguard Small CapPairCorr
  0.75BND Vanguard Total BondPairCorr
  0.66SEIX Virtus ETF TrustPairCorr
  0.95BBEU JPMorgan BetaBuildersPairCorr
  0.9MART Allianzim Large CapPairCorr

Related Correlations Analysis


Cabana Target Constituents Risk-Adjusted Indicators

There is a big difference between Cabana Etf performing well and Cabana Target 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 Cabana Target'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SMOG  0.92  0.09  0.02  1.57  1.04 
(0.98)
 1.90 
(1.52)
 5.40 
BLES  0.57  0.08  0.07  0.17  0.58 
(0.60)
 1.22 
(1.28)
 2.92 
HIDV  0.56  0.03  0.01  0.11  0.66 
(0.58)
 1.26 
(1.30)
 3.65 
RFDI  0.66  0.13  0.13  0.25  0.60 
(0.70)
 1.27 
(1.32)
 4.05 
CHGX  0.70  0.06 (0.02)(0.62) 0.86 
(0.74)
 1.51 
(1.51)
 3.54 
PSTP  0.34 (0.01)(0.11) 0.04  0.41 
(0.35)
 0.71 
(0.81)
 2.25 
VSMV  0.47  0.07  0.09  0.19  0.33 
(0.54)
 1.08 
(0.71)
 2.57 
IOCT  0.34  0.05  0.02  0.20  0.27 
(0.37)
 0.75 
(0.67)
 1.61 
EMMF  0.60  0.13  0.15  0.33  0.42 
(0.74)
 1.74 
(1.11)
 3.44 
LEXI  0.54  0.03  0.01  0.11  0.61 
(0.52)
 1.00 
(1.29)
 2.81 

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