Brompton Tech Correlations

TLF-U Etf

31.73 0.42 1.34%

The current 90-days correlation between Brompton Tech Leaders and Brompton Flaherty Crumrine is -0.02 (i.e., Good diversification). The correlation of Brompton Tech 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.

Brompton Tech Correlation With Market

Significant diversification

The correlation between Brompton Tech Leaders and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brompton Tech Leaders and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brompton Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Tech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brompton Tech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brompton Tech Leaders to buy it.

Moving against Brompton Etf

0.69	HBLK	Blockchain Technologies	Pair Corr
0.6	XBB	iShares Canadian Universe	Pair Corr
0.6	TCLB	TD Canadian Long	Pair Corr
0.56	ZAG	BMO Aggregate Bond	Pair Corr
0.49	HUC	Global X Crude	Pair Corr
0.48	HED	BetaPro SPTSX Capped	Pair Corr
0.42	HOU	BetaPro Crude Oil	Pair Corr
0.4	HXD	BetaPro SPTSX 60	Pair Corr

Related Correlations Analysis

	BEPR	BGIE	HIG-U	KNGC	BDIV	EDGF	TLF-U	BLOV	CLSA
BEPR		0.4	0.0	0.4	0.5	0.58	0.17	0.32	0.53	BEPR
BGIE	0.4		0.0	0.14	0.52	0.73	-0.12	0.16	0.19	BGIE
HIG-U	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HIG-U
KNGC	0.4	0.14	0.0		0.6	0.36	0.82	0.62	0.86	KNGC
BDIV	0.5	0.52	0.0	0.6		0.76	0.33	0.68	0.52	BDIV
EDGF	0.58	0.73	0.0	0.36	0.76		0.05	0.3	0.44	EDGF
TLF-U	0.17	-0.12	0.0	0.82	0.33	0.05		0.36	0.78	TLF-U
BLOV	0.32	0.16	0.0	0.62	0.68	0.3	0.36		0.37	BLOV
CLSA	0.53	0.19	0.0	0.86	0.52	0.44	0.78	0.37		CLSA
	BEPR	BGIE	HIG-U	KNGC	BDIV	EDGF	TLF-U	BLOV	CLSA

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

CLSA	+ 0.86	KNGC
TLF-U	+ 0.82	KNGC
CLSA	+ 0.78	TLF-U
EDGF	+ 0.76	BDIV
EDGF	+ 0.73	BGIE
BLOV	+ 0.68	BDIV

High negative correlations

TLF-U	- 0.12	BGIE
CLSA	- 0.0	HIG-U
BLOV	- 0.0	HIG-U
TLF-U	- 0.0	HIG-U
EDGF	- 0.0	HIG-U
BDIV	- 0.0	HIG-U

Brompton Tech Constituents Risk-Adjusted Indicators

There is a big difference between Brompton Etf performing well and Brompton Tech 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 Brompton Tech'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
BEPR	0.32	0.01	(0.19)	(0.04)	0.35	(0.43)	0.80	(0.79)	1.69
BGIE	0.67	(0.01)	(0.06)	0.06	0.90	(0.70)	1.39	(1.78)	3.67
HIG-U	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KNGC	0.59	0.18	0.11	3.15	0.52	(0.65)	1.45	(1.52)	3.91
BDIV	0.47	0.06	(0.04)	0.68	0.54	(0.52)	1.11	(1.25)	2.63
EDGF	0.52	0.05	0.01	0.18	0.41	(0.70)	1.27	(0.83)	3.63
TLF-U	0.99	0.20	0.06	5.57	1.24	(1.30)	2.25	(2.15)	12.60
BLOV	0.31	0.04	(0.08)	1.60	0.33	(0.37)	0.73	(0.71)	2.41
CLSA	0.49	0.19	0.18	0.51	0.09	(0.58)	1.30	(1.12)	2.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brompton Tech without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run USA ETFs Now

USA ETFs

Find actively traded Exchange Traded Funds (ETF) in USA

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC