Cambria Trinity Correlations
| TRTY Etf | USD 26.28 0.04 0.15% |
The current 90-days correlation between Cambria Trinity ETF and Cambria Global Asset is 0.62 (i.e., Poor diversification). The correlation of Cambria Trinity 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.
Cambria Trinity Correlation With Market
Poor diversification
The correlation between Cambria Trinity ETF and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Trinity ETF and DJI in the same portfolio, assuming nothing else is changed.
Cambria |
Moving together with Cambria Etf
| 0.86 | TDSC | Cabana Target Drawdown | PairCorr |
| 0.85 | YYY | Amplify High Income | PairCorr |
| 0.89 | GMOM | Cambria Global Momentum | PairCorr |
| 0.82 | AGOX | Adaptive Alpha Oppor | PairCorr |
| 0.81 | TACK | Fairlead Tactical Sector | PairCorr |
| 0.73 | DALI | First Trust Dorsey | PairCorr |
| 0.71 | VTI | Vanguard Total Stock | PairCorr |
| 0.72 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.72 | IVV | iShares Core SP | PairCorr |
| 0.77 | VTV | Vanguard Value Index Sell-off Trend | PairCorr |
| 0.65 | VUG | Vanguard Growth Index | PairCorr |
| 0.7 | VO | Vanguard Mid Cap | PairCorr |
| 0.69 | VB | Vanguard Small Cap | PairCorr |
| 0.82 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.76 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.7 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.73 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.7 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Cambria Etf
| 0.42 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Cambria Trinity Constituents Risk-Adjusted Indicators
There is a big difference between Cambria Etf performing well and Cambria Trinity 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 Trinity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GAA | 0.41 | (0.03) | (0.18) | 0.02 | 0.54 | 1.04 | 2.78 | |||
| GMOM | 0.71 | (0.01) | (0.04) | 0.10 | 0.74 | 1.38 | 4.32 | |||
| EYLD | 0.83 | (0.14) | 0.00 | (0.30) | 0.00 | 1.62 | 5.01 | |||
| VAMO | 0.72 | 0.03 | 0.04 | 0.15 | 0.61 | 1.46 | 6.00 | |||
| FYLD | 0.71 | (0.13) | 0.00 | (0.34) | 0.00 | 1.41 | 4.24 |