Fieldstone UVA Correlations
| FFIU Etf | USD 22.14 0.04 0.18% |
The current 90-days correlation between Fieldstone UVA Uncon and FlexShares Core Select is 0.53 (i.e., Very weak diversification). The correlation of Fieldstone UVA 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.
Fieldstone UVA Correlation With Market
Significant diversification
The correlation between Fieldstone UVA Unconstrained and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fieldstone UVA Unconstrained and DJI in the same portfolio, assuming nothing else is changed.
Fieldstone |
Moving together with Fieldstone Etf
| 0.92 | BLV | Vanguard Long Term | PairCorr |
| 0.89 | IGLB | iShares 10 Year | PairCorr |
| 0.87 | SPLB | SPDR Barclays Long Sell-off Trend | PairCorr |
| 0.85 | LKOR | FlexShares Credit | PairCorr |
| 0.89 | FXY | Invesco CurrencyShares | PairCorr |
| 0.97 | PMBS | PIMCO Mortgage Backed | PairCorr |
| 0.7 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.87 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.89 | T | ATT Inc Aggressive Push | PairCorr |
| 0.93 | JNJ | Johnson Johnson | PairCorr |
| 0.8 | MCD | McDonalds | PairCorr |
| 0.69 | PG | Procter Gamble | PairCorr |
Moving against Fieldstone Etf
| 0.86 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.8 | AA | Alcoa Corp | PairCorr |
| 0.72 | CAT | Caterpillar | PairCorr |
| 0.69 | AXP | American Express | PairCorr |
| 0.64 | BAC | Bank of America | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
| 0.58 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Fieldstone UVA Constituents Risk-Adjusted Indicators
There is a big difference between Fieldstone Etf performing well and Fieldstone UVA 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 Fieldstone UVA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNDC | 0.24 | 0.02 | 0.08 | 0.69 | 0.20 | 0.56 | 1.44 | |||
| FLLV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FLCO | 0.27 | 0.01 | 0.06 | 0.23 | 0.23 | 0.57 | 1.68 | |||
| HTRB | 0.22 | 0.02 | 0.07 | 0.40 | 0.18 | 0.45 | 1.26 | |||
| BLHY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |