Anfield Dynamic Correlations
| ADFI Etf | USD 8.50 0.05 0.58% |
The current 90-days correlation between Anfield Dynamic Fixed and Anfield Equity Sector is 0.37 (i.e., Weak diversification). The correlation of Anfield Dynamic 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.
Anfield Dynamic Correlation With Market
Weak diversification
The correlation between Anfield Dynamic Fixed and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Dynamic Fixed and DJI in the same portfolio, assuming nothing else is changed.
Anfield |
Moving together with Anfield Etf
| 0.95 | IUSB | iShares Core Total | PairCorr |
| 0.94 | FIXD | First Trust TCW | PairCorr |
| 0.95 | FBND | Fidelity Total Bond | PairCorr |
| 0.93 | TOTL | SPDR DoubleLine Total | PairCorr |
| 0.94 | HTRB | Hartford Total Return | PairCorr |
| 0.96 | GTO | Invesco Total Return | PairCorr |
| 0.94 | EUSB | iShares Trust | PairCorr |
| 0.95 | JCPB | JPMorgan Core Plus | PairCorr |
| 0.94 | VBND | Vident Core Bond | PairCorr |
| 0.96 | CGCP | Capital Group Core | PairCorr |
| 0.71 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.8 | KO | Coca Cola | PairCorr |
| 0.88 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.69 | MMM | 3M Company | PairCorr |
| 0.87 | JNJ | Johnson Johnson | PairCorr |
| 0.68 | GE | GE Aerospace | PairCorr |
| 0.75 | MCD | McDonalds | PairCorr |
Moving against Anfield Etf
| 0.35 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.68 | AA | Alcoa Corp | PairCorr |
| 0.62 | MSFT | Microsoft | PairCorr |
| 0.52 | CAT | Caterpillar | PairCorr |
| 0.47 | MRK | Merck Company | PairCorr |
| 0.38 | AXP | American Express | PairCorr |
| 0.31 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.97 | -0.18 | 0.98 | -0.24 | AESR | ||
| 0.97 | -0.37 | 1.0 | -0.4 | ADME | ||
| -0.18 | -0.37 | -0.31 | 0.91 | AFIF | ||
| 0.98 | 1.0 | -0.31 | -0.35 | ACIO | ||
| -0.24 | -0.4 | 0.91 | -0.35 | ABEQ | ||
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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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Anfield Dynamic Constituents Risk-Adjusted Indicators
There is a big difference between Anfield Etf performing well and Anfield Dynamic 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 Anfield Dynamic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AESR | 0.92 | (0.04) | 0.00 | (0.11) | 0.00 | 1.59 | 5.79 | |||
| ADME | 0.73 | (0.06) | 0.00 | (0.15) | 0.00 | 1.22 | 4.28 | |||
| AFIF | 0.14 | 0.01 | 0.39 | 0.30 | 0.00 | 0.33 | 1.10 | |||
| ACIO | 0.59 | (0.05) | 0.00 | (0.14) | 0.00 | 0.92 | 3.47 | |||
| ABEQ | 0.48 | 0.08 | 0.17 | 0.17 | 0.64 | 0.94 | 2.21 |