Cabana Target Correlations

CLSM Etf

USD 20.35 0.04 0.20%

The current 90-days correlation between Cabana Target Leading and Cabana Target Drawdown is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cabana Target moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cabana Target Leading moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cabana Target Correlation With Market

Modest diversification

The correlation between Cabana Target Leading and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cabana Target Leading 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 Cabana Target Leading. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Cabana Etf

0.74	AOR	iShares Core Growth	Pair Corr
0.67	GDMA	Alpha Architect Gdsdn	Pair Corr
0.77	RAAX	VanEck Inflation All	Pair Corr
0.72	MFUL	Collaborative Investment	Pair Corr
0.67	MPRO	Northern Lights	Pair Corr
0.86	INKM	SPDR SSgA Income	Pair Corr
0.72	RULE	Collaborative Investment Low Volatility	Pair Corr
0.93	VTV	Vanguard Value Index	Pair Corr
0.71	VO	Vanguard Mid Cap	Pair Corr
0.62	VB	Vanguard Small Cap	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.68	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Moving against Cabana Etf

0.65

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	TDSB	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX
TDSB		0.6	0.76	0.74	0.81	0.27	-0.49	0.81	-0.63	0.76	TDSB
AQUI	0.6		0.55	0.94	0.52	0.6	-0.66	0.86	-0.8	0.63	AQUI
LBHIX	0.76	0.55		0.64	0.83	0.02	-0.2	0.78	-0.43	0.69	LBHIX
MSTSX	0.74	0.94	0.64		0.63	0.66	-0.73	0.94	-0.86	0.79	MSTSX
ABHYX	0.81	0.52	0.83	0.63		0.12	-0.35	0.74	-0.48	0.65	ABHYX
SCAXF	0.27	0.6	0.02	0.66	0.12		-0.9	0.46	-0.81	0.36	SCAXF
VIASP	-0.49	-0.66	-0.2	-0.73	-0.35	-0.9		-0.6	0.92	-0.36	VIASP
RRTLX	0.81	0.86	0.78	0.94	0.74	0.46	-0.6		-0.79	0.8	RRTLX
OSHDF	-0.63	-0.8	-0.43	-0.86	-0.48	-0.81	0.92	-0.79		-0.51	OSHDF
JRBEX	0.76	0.63	0.69	0.79	0.65	0.36	-0.36	0.8	-0.51		JRBEX
	TDSB	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX

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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

MSTSX	+ 0.94	AQUI
RRTLX	+ 0.94	MSTSX
OSHDF	+ 0.92	VIASP
RRTLX	+ 0.86	AQUI
ABHYX	+ 0.83	LBHIX
ABHYX	+ 0.81	TDSB

High negative correlations

VIASP	- 0.9	SCAXF
OSHDF	- 0.86	MSTSX
OSHDF	- 0.81	SCAXF
OSHDF	- 0.8	AQUI
OSHDF	- 0.79	RRTLX
VIASP	- 0.73	MSTSX

Cabana Target Constituents Risk-Adjusted Indicators

There is a big difference between Cabana Etf performing well and Cabana Target 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 Cabana Target'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
TDSB	0.26	(0.06)	0.00	(0.58)	0.00	0.00	0.51	(0.54)	2.13
AQUI	2.79	(1.42)	0.00	(68.14)	0.00	0.00	0.00	0.00	93.33
LBHIX	0.11	(0.02)	0.00	(1.00)	0.00	0.00	0.24	(0.24)	0.71
MSTSX	0.58	(0.20)	0.00	(1.76)	0.00	0.00	0.85	(1.18)	6.73
ABHYX	0.21	(0.04)	0.00	(2.32)	0.00	0.00	0.34	(0.55)	1.91
SCAXF	1.61	(0.84)	0.00	(1.85)	0.00	0.00	0.00	0.00	31.33
VIASP	0.63	0.19	0.27	(1.36)	0.40	(0.76)	1.98	(1.10)	5.04
RRTLX	0.28	(0.08)	0.00	3.98	0.00	0.00	0.48	(0.56)	3.47
OSHDF	46.68	24.05	0.00	(1.59)	0.00	0.00	0.00	0.00	1,329
JRBEX	0.39	(0.07)	0.00	(0.54)	0.00	0.00	0.56	(0.86)	3.84

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