Ea Bridgeway Correlations

BBLU Etf

USD 12.82 0.03 0.23%

The correlation of Ea Bridgeway 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.

Ea Bridgeway Correlation With Market

Good diversification

The correlation between Ea Bridgeway Blue 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 Ea Bridgeway Blue 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 Ea Bridgeway Blue. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with BBLU Etf

0.95	VTI	Vanguard Total Stock	Pair Corr
0.9	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.84	VIG	Vanguard Dividend	Pair Corr
0.91	VV	Vanguard Large Cap	Pair Corr
0.88	RSP	Invesco SP 500	Pair Corr
0.96	IWB	iShares Russell 1000	Pair Corr
0.89	ESGU	iShares ESG Aware	Pair Corr
0.9	DFAC	Dimensional Core Equity	Pair Corr
0.91	SPLG	SPDR Portfolio SP	Pair Corr
0.68	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.86	FNGO	MicroSectors FANG Index	Pair Corr
0.79	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.83	DUSL	Direxion Daily Indus	Pair Corr
0.76	BA	Boeing	Pair Corr
0.81	AXP	American Express Sell-off Trend	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.77	BAC	Bank of America Sell-off Trend	Pair Corr
0.78	WMT	Walmart Aggressive Push	Pair Corr

Moving against BBLU Etf

0.49

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.47	0.26	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.44	0.89	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.04	-0.53	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.07	-0.08	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.41	-0.71	0.17	-0.65	0.58	T
A	0.47	0.44	-0.04	-0.07	-0.41		0.57	0.7	-0.02	-0.18	A
CRM	0.26	0.89	-0.53	-0.08	-0.71	0.57		0.33	0.24	-0.58	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.7	0.33		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	-0.02	0.24	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.18	-0.58	0.07	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
JPM	+ 0.7	A
UBER	+ 0.59	META
XOM	+ 0.58	T

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Ea Bridgeway Competition Risk-Adjusted Indicators

There is a big difference between BBLU Etf performing well and Ea Bridgeway 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 Ea Bridgeway'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
META	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.17	(0.12)	0.00	(0.21)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

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