Flaherty Crumrine Correlations

FLC Etf

USD 16.91 0.05 0.29%

The current 90-days correlation between Flaherty Crumrine Total and Flaherty Crumrine Preferredome is 0.13 (i.e., Average diversification). The correlation of Flaherty Crumrine 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.

Flaherty Crumrine Correlation With Market

Good diversification

The correlation between Flaherty Crumrine Total and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flaherty Crumrine Total 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 Flaherty Crumrine Total. 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 Flaherty Etf

0.72	ARP	Advisors Inner Circle	Pair Corr
0.81	IGA	Voya Global Advantage	Pair Corr
0.71	CGRO	Tidal Trust II	Pair Corr
0.72	EEMX	SPDR MSCI Emerging	Pair Corr
0.81	VXUS	Vanguard Total Inter	Pair Corr
0.8	EMLP	First Trust North	Pair Corr
0.79	BKT	BlackRock Income Closed	Pair Corr
0.72	SPHD	Invesco SP 500	Pair Corr
0.79	HSRT	Hartford Short Duration	Pair Corr
0.82	JMST	JPMorgan Ultra Short	Pair Corr
0.66	BBEM	JP Morgan Exchange	Pair Corr
0.72	MYCJ	SPDR SSGA My2030	Pair Corr
0.85	MLPB	UBS AG London	Pair Corr
0.85	GHMS	Goose Hollow Multi	Pair Corr
0.89	JGH	Nuveen Global High	Pair Corr
0.86	BNGE	First Trust S	Pair Corr
0.67	LIAE	Stone Ridge 2050	Pair Corr
0.8	ACWV	iShares MSCI Global	Pair Corr
0.73	SPIB	SPDR Barclays Interm	Pair Corr
0.78	GSEU	Goldman Sachs ActiveBeta	Pair Corr
0.75	GDXU	MicroSectors Gold Miners	Pair Corr

Moving against Flaherty Etf

0.37

MAGS

Roundhill Magnificent

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.02	0.58	-0.53	0.3	0.43	0.28	0.9	-0.74	-0.03	META
MSFT	-0.02		-0.62	0.02	-0.8	0.7	0.89	0.13	0.43	-0.55	MSFT
UBER	0.58	-0.62		-0.28	0.81	-0.27	-0.53	0.51	-0.84	0.57	UBER
F	-0.53	0.02	-0.28		0.0	-0.09	-0.16	-0.37	0.51	0.36	F
T	0.3	-0.8	0.81	0.0		-0.59	-0.71	0.16	-0.65	0.6	T
A	0.43	0.7	-0.27	-0.09	-0.59		0.8	0.62	0.11	-0.34	A
CRM	0.28	0.89	-0.53	-0.16	-0.71	0.8		0.36	0.23	-0.61	CRM
JPM	0.9	0.13	0.51	-0.37	0.16	0.62	0.36		-0.63	0.06	JPM
MRK	-0.74	0.43	-0.84	0.51	-0.65	0.11	0.23	-0.63		-0.32	MRK
XOM	-0.03	-0.55	0.57	0.36	0.6	-0.34	-0.61	0.06	-0.32		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	+ 0.81	UBER
CRM	+ 0.8	A
A	+ 0.7	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.74	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Flaherty Crumrine Competition Risk-Adjusted Indicators

There is a big difference between Flaherty Etf performing well and Flaherty Crumrine 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 Flaherty Crumrine'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	1.63	0.04	0.02	0.00	2.27	(1.46)	2.96	(3.73)	8.90
MSFT	1.11	(0.18)	0.00	(0.29)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
F	1.44	0.14	0.06	0.09	2.12	(1.42)	2.71	(2.88)	10.14
T	0.99	0.29	0.19	0.56	1.43	(1.11)	1.90	(1.55)	11.66
A	1.16	(0.14)	0.00	(0.20)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.10	0.05	0.05	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.16	(0.11)	0.00	1.03	0.00	0.00	2.07	(1.80)	11.58
XOM	1.03	0.13	0.10	0.27	1.28	(1.06)	2.55	(2.36)	5.89

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