Aztlan Global Correlations

AZTD Etf

USD 23.59 0.16 0.67%

The current 90-days correlation between Aztlan Global Stock and Dimensional International High is -0.04 (i.e., Good diversification). The correlation of Aztlan Global 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.

Aztlan Global Correlation With Market

Good diversification

The correlation between Aztlan Global Stock and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aztlan Global Stock 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 Aztlan Global Stock. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Aztlan Etf

0.61	INFL	Horizon Kinetics Inf	Pair Corr
0.77	PSP	Invesco Global Listed	Pair Corr
0.67	VRAI	Virtus Real Asset	Pair Corr
0.82	GXTG	Global X Thematic	Pair Corr
0.64	WMT	Walmart	Pair Corr

Moving against Aztlan Etf

0.32

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	DIHP	BKUI	DFHY	DYLD	BULD
DIHP		0.73	0.0	0.7	0.17	DIHP
BKUI	0.73		0.0	0.86	-0.11	BKUI
DFHY	0.0	0.0		0.0	0.0	DFHY
DYLD	0.7	0.86	0.0		-0.02	DYLD
BULD	0.17	-0.11	0.0	-0.02		BULD
	DIHP	BKUI	DFHY	DYLD	BULD

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

DYLD	+ 0.86	BKUI
BKUI	+ 0.73	DIHP
DYLD	+ 0.7	DIHP
BULD	+ 0.17	DIHP
DFHY	+ 0.0	DIHP
DFHY	+ 0.0	BKUI

High negative correlations

BULD	- 0.11	BKUI
BULD	- 0.02	DYLD
BULD	- 0.0	DFHY
DYLD	- 0.0	DFHY
DFHY	- 0.0	BKUI
DFHY	- 0.0	DIHP

Aztlan Global Constituents Risk-Adjusted Indicators

There is a big difference between Aztlan Etf performing well and Aztlan Global 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 Aztlan Global'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
DIHP	0.59	0.11	0.17	0.15	0.68	(0.63)	1.30	(1.21)	3.71
BKUI	0.02	0.00	3.03	0.00	0.00	(0.04)	0.06	(0.02)	0.12
DFHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DYLD	0.16	0.02	0.34	0.19	0.13	(0.19)	0.40	(0.22)	1.72
BULD	1.14	(0.02)	0.00	(0.24)	0.00	0.00	2.79	(2.19)	7.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC