Vulcan Value Correlations
| VVISX Etf | USD 12.84 0.05 0.39% |
The current 90-days correlation between Vulcan Value Partners and Vulcan Value Partners is 0.86 (i.e., Very poor diversification). The correlation of Vulcan Value 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.
Vulcan Value Correlation With Market
Poor diversification
The correlation between Vulcan Value Partners and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vulcan Value Partners and DJI in the same portfolio, assuming nothing else is changed.
Vulcan |
Moving together with Vulcan Etf
| 1.0 | VVPSX | Vulcan Value Partners | PairCorr |
| 0.8 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.75 | NAIL | Direxion Daily Homeb | PairCorr |
Moving against Vulcan Etf
| 0.73 | RXD | ProShares UltraShort | PairCorr |
| 0.55 | ARGT | Global X MSCI | PairCorr |
| 0.52 | BILZ | PIMCO ETF Trust | PairCorr |
| 0.49 | PNOV | Innovator SP 500 | PairCorr |
| 0.42 | XLF | Financial Select Sector Aggressive Push | PairCorr |
| 0.4 | FCTR | First Trust Lunt | PairCorr |
| 0.38 | FPX | First Trust Equity | PairCorr |
| 0.37 | DPST | Direxion Daily Regional | 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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Vulcan Value Constituents Risk-Adjusted Indicators
There is a big difference between Vulcan Etf performing well and Vulcan 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 Vulcan 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VVILX | 0.62 | (0.05) | (0.07) | 0.08 | 0.71 | 1.33 | 3.95 | |||
| DHDG | 0.28 | 0.03 | (0.13) | 0.28 | 0.24 | 0.53 | 2.01 | |||
| Z | 2.14 | 0.65 | 0.26 | 3.76 | 1.60 | 4.77 | 25.67 | |||
| MBCC | 0.53 | 0.00 | (0.05) | 0.13 | 0.57 | 1.12 | 3.36 | |||
| MBBB | 0.24 | 0.00 | (0.36) | 0.07 | 0.31 | 0.56 | 1.49 | |||
| BZDYF | 0.28 | 0.11 | 0.00 | 1.52 | 0.00 | 0.82 | 6.11 | |||
| MBOX | 0.61 | (0.05) | (0.08) | 0.07 | 0.63 | 1.25 | 3.49 | |||
| MBNE | 0.13 | 0.01 | (0.58) | (0.04) | 0.15 | 0.30 | 0.98 |