Anfield Universal Correlations
| AFIF Etf | USD 9.21 0.02 0.22% |
The current 90-days correlation between Anfield Universal Fixed and FlexShares Core Select is 0.07 (i.e., Significant diversification). The correlation of Anfield Universal 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 Universal Correlation With Market
Good diversification
The correlation between Anfield Universal Fixed and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed and DJI in the same portfolio, assuming nothing else is changed.
Anfield |
Moving together with Anfield Etf
| 0.92 | AXSAX | Axonic Strategic Income | PairCorr |
| 0.91 | AXSIX | Axonic Strategic Income | PairCorr |
| 0.9 | SMCRX | ALPSSmith Credit Opp | PairCorr |
| 0.91 | SMCVX | ALPSSmith Credit Opp | PairCorr |
| 0.88 | DEED | First Trust TCW | PairCorr |
| 0.9 | SMCAX | DEUTSCHE MID CAP | PairCorr |
| 0.88 | SMCCX | DEUTSCHE MID CAP | PairCorr |
| 0.94 | JPIE | JP Morgan Exchange | PairCorr |
| 0.92 | MUSI | American Century Mul | PairCorr |
| 0.82 | MLPR | ETRACS Quarterly Pay | PairCorr |
| 0.73 | AMZA | InfraCap MLP ETF | PairCorr |
| 0.61 | ATMP | Barclays ETN Select | PairCorr |
| 0.87 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.86 | IBM | International Business | PairCorr |
| 0.91 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.72 | MCD | McDonalds | PairCorr |
| 0.66 | CVX | Chevron Corp | PairCorr |
| 0.92 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.84 | MMM | 3M Company | PairCorr |
| 0.87 | GE | GE Aerospace | PairCorr |
| 0.8 | VZ | Verizon Communications | PairCorr |
Moving against Anfield Etf
| 0.71 | USD | ProShares Ultra Semi | PairCorr |
| 0.6 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.51 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.48 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.79 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.6 | CAT | Caterpillar | PairCorr |
| 0.35 | AXP | American Express | PairCorr |
| 0.35 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Universal Constituents Risk-Adjusted Indicators
There is a big difference between Anfield Etf performing well and Anfield Universal 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 Universal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNDC | 0.25 | 0.02 | 0.18 | (0.26) | 0.22 | 0.56 | 1.44 | |||
| AESR | 0.92 | (0.11) | 0.00 | 0.40 | 0.00 | 1.59 | 5.79 | |||
| DALT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBSA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGZD | 0.25 | (0.01) | 0.09 | 0.02 | 0.32 | 0.58 | 1.70 |