Abacus FCF Correlations

ABFL Etf

68.68 0.00 0.00%

The current 90-days correlation between Abacus FCF Leaders and Vanguard Total Stock is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abacus FCF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus FCF Leaders moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Abacus FCF Correlation With Market

Average diversification

The correlation between Abacus FCF Leaders and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abacus FCF Leaders and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus FCF Leaders. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Abacus Etf

0.89	VTI	Vanguard Total Stock	Pair Corr
0.87	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.67	VUG	Vanguard Growth Index	Pair Corr
0.85	VO	Vanguard Mid Cap	Pair Corr
0.89	VB	Vanguard Small Cap	Pair Corr
0.65	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.79	BAC	Bank of America	Pair Corr
0.69	AXP	American Express Earnings Call This Week	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.76	T	ATT Inc Earnings Call Today	Pair Corr
0.62	WMT	Walmart	Pair Corr

Moving against Abacus Etf

0.6

NRGU

Bank Of Montreal

Pair Corr

Related Correlations Analysis

	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO
VTI		0.99	0.99	0.25	0.46	0.84	0.83	-0.08	0.89	-0.19	VTI
SPY	0.99		1.0	0.23	0.41	0.87	0.79	-0.09	0.84	-0.17	SPY
IVV	0.99	1.0		0.23	0.41	0.87	0.79	-0.09	0.84	-0.17	IVV
BND	0.25	0.23	0.23		0.67	-0.11	0.52	0.83	0.42	0.69	BND
VTV	0.46	0.41	0.41	0.67		-0.09	0.84	0.56	0.74	0.32	VTV
VUG	0.84	0.87	0.87	-0.11	-0.09		0.42	-0.42	0.54	-0.39	VUG
VO	0.83	0.79	0.79	0.52	0.84	0.42		0.22	0.98	0.01	VO
VEA	-0.08	-0.09	-0.09	0.83	0.56	-0.42	0.22		0.1	0.87	VEA
VB	0.89	0.84	0.84	0.42	0.74	0.54	0.98	0.1		-0.09	VB
VWO	-0.19	-0.17	-0.17	0.69	0.32	-0.39	0.01	0.87	-0.09		VWO
	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO

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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

IVV	+ 1.0	SPY
SPY	+ 0.99	VTI
IVV	+ 0.99	VTI
VB	+ 0.98	VO
VB	+ 0.89	VTI
VUG	+ 0.87	SPY

High negative correlations

VEA	- 0.42	VUG
VWO	- 0.39	VUG
VWO	- 0.19	VTI
VWO	- 0.17	IVV
VWO	- 0.17	SPY
VUG	- 0.11	BND

Abacus FCF Constituents Risk-Adjusted Indicators

There is a big difference between Abacus Etf performing well and Abacus FCF 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 Abacus FCF'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
VTI	0.60	0.05	0.04	0.18	0.83	(0.62)	1.27	(1.27)	5.89
SPY	0.57	0.05	0.03	0.16	0.82	(0.55)	1.21	(1.28)	5.47
IVV	0.57	0.05	0.03	0.16	0.83	(0.56)	1.21	(1.27)	5.42
BND	0.24	(0.04)	0.00	(0.40)	0.00	0.00	0.39	(0.59)	1.69
VTV	0.56	0.00	(0.03)	0.01	0.68	(0.63)	1.17	(0.96)	5.21
VUG	0.80	0.10	0.07	0.33	1.07	(0.81)	1.66	(1.93)	5.83
VO	0.63	0.04	0.03	0.12	0.77	(0.71)	1.37	(1.06)	6.01
VEA	0.57	(0.05)	0.00	(0.13)	0.00	0.00	1.20	(1.32)	3.99
VB	0.79	0.07	0.05	0.15	1.01	(0.79)	1.60	(1.21)	8.20
VWO	0.63	(0.07)	0.00	(0.18)	0.00	0.00	1.21	(1.74)	4.74

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