Discipline Fund Correlations

DSCF Etf

USD 23.04 0.03 0.13%

The correlation of Discipline Fund 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.

Discipline Fund Correlation With Market

Significant diversification

The correlation between Discipline Fund ETF and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Discipline Fund ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discipline Fund ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Discipline Etf

0.84	TDSB	Cabana Target Drawdown	Pair Corr
0.85	JPST	JPMorgan Ultra Short	Pair Corr
0.79	GDXU	MicroSectors Gold Miners	Pair Corr
0.65	IBM	International Business	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.71	KO	Coca Cola	Pair Corr
0.74	T	ATT Inc Earnings Call Today	Pair Corr

Moving against Discipline Etf

0.39	AGOX	Adaptive Alpha Oppor	Pair Corr
0.48	MRK	Merck Company	Pair Corr
0.45	AA	Alcoa Corp	Pair Corr
0.44	CAT	Caterpillar	Pair Corr
0.43	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	CYA	RORO	ISWN	HFND	DRSK
CYA		0.0	0.0	0.0	0.0	CYA
RORO	0.0		-0.52	0.81	-0.12	RORO
ISWN	0.0	-0.52		-0.16	0.8	ISWN
HFND	0.0	0.81	-0.16		0.3	HFND
DRSK	0.0	-0.12	0.8	0.3		DRSK
	CYA	RORO	ISWN	HFND	DRSK

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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

HFND	+ 0.81	RORO
DRSK	+ 0.8	ISWN
DRSK	+ 0.3	HFND
RORO	+ 0.0	CYA
ISWN	+ 0.0	CYA
HFND	+ 0.0	CYA

High negative correlations

ISWN	- 0.52	RORO
HFND	- 0.16	ISWN
DRSK	- 0.12	RORO
DRSK	- 0.0	CYA
HFND	- 0.0	CYA
ISWN	- 0.0	CYA

Discipline Fund Constituents Risk-Adjusted Indicators

There is a big difference between Discipline Etf performing well and Discipline Fund 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 Discipline Fund'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
CYA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RORO	1.05	(0.14)	0.00	0.59	0.00	0.00	1.85	(2.86)	6.84
ISWN	0.51	0.13	0.29	2.03	0.38	(0.56)	1.21	(0.86)	2.58
HFND	0.52	(0.02)	0.00	(1.01)	0.00	0.00	0.89	(1.03)	3.64
DRSK	0.32	0.00	0.18	(0.01)	0.32	(0.41)	0.54	(0.43)	1.87

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