AGFiQ Market Correlations

BTAL Etf

USD 20.05 0.03 0.15%

The current 90-days correlation between AGFiQ Market Neutral and Cambria Tail Risk is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AGFiQ Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGFiQ Market Neutral moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AGFiQ Market Correlation With Market

Very good diversification

The correlation between AGFiQ Market Neutral and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AGFiQ Market Neutral 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 AGFiQ Market Neutral. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with AGFiQ Etf

0.76	FXY	Invesco CurrencyShares	Pair Corr
0.82	PMBS	PIMCO Mortgage Backed	Pair Corr
0.64	AMPD	Tidal Trust II	Pair Corr
0.71	KO	Coca Cola	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.84	TRV	The Travelers Companies	Pair Corr
0.64	MCD	McDonalds	Pair Corr

Moving against AGFiQ Etf

0.92	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.89	AXP	American Express	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.53	WMT	Walmart	Pair Corr

Related Correlations Analysis

	TAIL	MNA	SWAN	DWSH	PFIX
TAIL		0.62	-0.6	0.81	-0.66	TAIL
MNA	0.62		-0.39	0.58	-0.44	MNA
SWAN	-0.6	-0.39		-0.47	-0.11	SWAN
DWSH	0.81	0.58	-0.47		-0.61	DWSH
PFIX	-0.66	-0.44	-0.11	-0.61		PFIX
	TAIL	MNA	SWAN	DWSH	PFIX

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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

DWSH	+ 0.81	TAIL
MNA	+ 0.62	TAIL
DWSH	+ 0.58	MNA

High negative correlations

PFIX	- 0.66	TAIL
PFIX	- 0.61	DWSH
SWAN	- 0.6	TAIL
DWSH	- 0.47	SWAN
PFIX	- 0.44	MNA
SWAN	- 0.39	MNA

AGFiQ Market Constituents Risk-Adjusted Indicators

There is a big difference between AGFiQ Etf performing well and AGFiQ Market 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 AGFiQ Market'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
TAIL	0.67	0.01	0.15	(0.08)	0.76	(0.74)	1.57	(1.25)	5.97
MNA	0.19	0.05	0.47	0.78	0.00	(0.23)	0.39	(0.36)	1.22
SWAN	0.59	(0.04)	0.00	(0.14)	0.00	0.00	0.98	(1.18)	3.35
DWSH	1.04	0.08	0.17	(0.15)	1.08	(1.18)	2.00	(1.99)	6.12
PFIX	1.90	(0.01)	0.00	(0.12)	0.00	0.00	4.06	(4.05)	10.66

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