Cambria Value Correlations

VAMO Etf

USD 30.36 0.13 0.43%

The current 90-days correlation between Cambria Value and Cambria Global Momentum is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambria Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambria Value and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cambria Value Correlation With Market

Very weak diversification

The correlation between Cambria Value and and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Value and 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 Cambria Value and. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Cambria Etf

0.81	CCOR	Core Alternative ETF	Pair Corr
0.64	SWAN	Amplify BlackSwan Growth	Pair Corr
0.72	GTR	WisdomTree Target Range	Pair Corr
0.8	OIH	VanEck Oil Services	Pair Corr
0.73	EWC	iShares MSCI Canada	Pair Corr
0.67	HUM	Humana Inc	Pair Corr
0.86	IRET	iREIT MarketVector	Pair Corr
0.86	XOM	Exxon Mobil Corp	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.75	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr
0.87	TRV	The Travelers Companies	Pair Corr

Moving against Cambria Etf

0.36	ARKW	ARK Next Generation	Pair Corr
0.74	BA	Boeing	Pair Corr
0.46	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	GMOM	EYLD	SYLD	FYLD	GVAL
GMOM		0.72	0.74	0.74	0.52	GMOM
EYLD	0.72		0.67	0.61	0.28	EYLD
SYLD	0.74	0.67		0.36	-0.08	SYLD
FYLD	0.74	0.61	0.36		0.78	FYLD
GVAL	0.52	0.28	-0.08	0.78		GVAL
	GMOM	EYLD	SYLD	FYLD	GVAL

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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

GVAL	+ 0.78	FYLD
SYLD	+ 0.74	GMOM
FYLD	+ 0.74	GMOM
EYLD	+ 0.72	GMOM
SYLD	+ 0.67	EYLD
FYLD	+ 0.61	EYLD

High negative correlations

GVAL

- 0.08

SYLD

Cambria Value Constituents Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Value 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 Value'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
GMOM	0.61	0.01	0.01	0.02	0.78	(0.63)	1.24	(0.94)	4.28
EYLD	0.73	(0.04)	0.00	(0.10)	0.00	0.00	1.27	(1.52)	5.22
SYLD	0.70	(0.10)	0.00	(0.14)	0.00	0.00	1.44	(1.44)	4.74
FYLD	0.59	0.01	0.02	0.03	0.71	(0.61)	1.34	(1.17)	3.19
GVAL	0.61	0.11	0.13	0.27	0.64	(0.64)	1.29	(0.99)	3.88

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