Flaherty Crumrine Correlations

FLC Etf

USD 17.22 0.10 0.58%

The current 90-days correlation between Flaherty Crumrine Total and Flaherty Crumrine Preferredome is 0.6 (i.e., Poor 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

Very weak diversification

The correlation between Flaherty Crumrine Total and DJI is 0.45 (i.e., Very weak 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

0.9	FMAR	FT Cboe Vest	Pair Corr
0.69	RODM	Hartford Multifactor	Pair Corr
0.9	CPSL	Calamos Laddered	Pair Corr
0.76	WINN	Harbor Long Term	Pair Corr
0.89	BJAN	Innovator SP 500	Pair Corr
0.8	JBBB	Janus Detroit Street	Pair Corr
0.84	UGL	ProShares Ultra Gold	Pair Corr
0.88	BKHY	BNY Mellon High	Pair Corr
0.84	UNOV	Innovator SP 500	Pair Corr
0.78	FDMO	Fidelity Momentum Factor	Pair Corr
0.62	FNDC	Schwab Fundamental	Pair Corr
0.85	GLD	SPDR Gold Shares	Pair Corr
0.83	YEAR	AB Ultra Short	Pair Corr
0.76	RFEU	First Trust RiverFront	Pair Corr
0.81	NJUL	Innovator Nasdaq 100	Pair Corr
0.82	VRP	Invesco Variable Rate	Pair Corr
0.65	VONG	Vanguard Russell 1000	Pair Corr
0.74	NERD	Roundhill Video Games	Pair Corr
0.79	CLIP	Global X Funds	Pair Corr
0.62	MGK	Vanguard Mega Cap	Pair Corr
0.8	OBIL	US Treasury 12	Pair Corr
0.88	NVBW	AIM ETF Products	Pair Corr
0.66	YINN	Direxion Daily FTSE Buyout Trend	Pair Corr

Moving against Flaherty Etf

0.37	CRED	Columbia ETF Trust	Pair Corr
0.34	PRME	Prime Medicine, Common Buyout Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.19	0.32	-0.68	0.83	0.61	0.07	0.83	-0.71	-0.51	META
MSFT	-0.19		-0.58	0.11	-0.24	0.18	0.64	-0.35	0.5	-0.21	MSFT
UBER	0.32	-0.58		0.11	0.48	0.01	-0.37	0.56	-0.6	0.47	UBER
F	-0.68	0.11	0.11		-0.38	-0.33	0.18	-0.42	0.5	0.85	F
T	0.83	-0.24	0.48	-0.38		0.34	0.21	0.78	-0.71	-0.19	T
A	0.61	0.18	0.01	-0.33	0.34		0.16	0.67	-0.13	-0.4	A
CRM	0.07	0.64	-0.37	0.18	0.21	0.16		-0.13	0.29	-0.09	CRM
JPM	0.83	-0.35	0.56	-0.42	0.78	0.67	-0.13		-0.73	-0.21	JPM
MRK	-0.71	0.5	-0.6	0.5	-0.71	-0.13	0.29	-0.73		0.16	MRK
XOM	-0.51	-0.21	0.47	0.85	-0.19	-0.4	-0.09	-0.21	0.16		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

XOM	+ 0.85	F
T	+ 0.83	META
JPM	+ 0.83	META
JPM	+ 0.78	T
JPM	+ 0.67	A
CRM	+ 0.64	MSFT

High negative correlations

MRK	- 0.73	JPM
MRK	- 0.71	T
MRK	- 0.71	META
F	- 0.68	META
MRK	- 0.6	UBER
UBER	- 0.58	MSFT

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	1.22	0.34	0.21	0.81	1.22	(1.31)	3.22	(1.95)	7.11
MSFT	0.99	(0.05)	0.00	(0.20)	0.00	0.00	2.20	(2.14)	10.31
UBER	1.85	0.18	0.06	(1.34)	2.79	(1.88)	4.72	(5.35)	12.29
F	1.35	(0.21)	0.00	(0.31)	0.00	0.00	2.46	(2.90)	11.01
T	0.94	0.24	0.21	0.39	0.93	(1.10)	1.91	(1.75)	7.94
A	1.13	(0.02)	0.00	(0.02)	0.00	0.00	2.81	(2.42)	6.12
CRM	1.50	0.04	0.02	0.07	1.83	(1.65)	3.70	(2.95)	15.92
JPM	0.80	0.24	0.24	0.40	0.73	(0.95)	1.92	(1.39)	5.01
MRK	1.18	(0.31)	0.00	(1.07)	0.00	0.00	2.00	(2.13)	11.57
XOM	0.89	(0.15)	0.00	(0.26)	0.00	0.00	1.72	(2.14)	5.69

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