Freedom 100 Correlations

FRDM Etf

USD 34.41 0.25 0.73%

The current 90-days correlation between Freedom 100 Emerging and Horizon Kinetics Inflation is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freedom 100 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freedom 100 Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Freedom 100 Correlation With Market

Average diversification

The correlation between Freedom 100 Emerging and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freedom 100 Emerging 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 Freedom 100 Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Freedom Etf

0.68	VWO	Vanguard FTSE Emerging	Pair Corr
0.83	IEMG	iShares Core MSCI	Pair Corr
0.9	EMC	Global X Funds	Pair Corr
0.72	EEM	iShares MSCI Emerging	Pair Corr
0.66	SPEM	SPDR Portfolio Emerging	Pair Corr
0.65	FNDE	Schwab Fundamental	Pair Corr
0.8	ESGE	iShares ESG Aware	Pair Corr
0.82	DGS	WisdomTree Emerging	Pair Corr
0.67	XSOE	WisdomTree Emerging	Pair Corr
0.93	EMXC	iShares MSCI Emerging	Pair Corr
0.66	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.79	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.72	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against Freedom Etf

0.78	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.59	FNGS	MicroSectors FANG ETN	Pair Corr
0.58	FNGO	MicroSectors FANG Index	Pair Corr
0.57	FNGU	MicroSectors FANG Index	Pair Corr
0.48	QLD	ProShares Ultra QQQ	Pair Corr
0.31	ROM	ProShares Ultra Tech	Pair Corr
0.74	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.68	WMT	Walmart	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.4	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	INFL	EMXC	DVYE	DTH	IGSB
INFL		-0.7	0.06	-0.82	-0.54	INFL
EMXC	-0.7		0.27	0.93	0.49	EMXC
DVYE	0.06	0.27		0.18	0.04	DVYE
DTH	-0.82	0.93	0.18		0.64	DTH
IGSB	-0.54	0.49	0.04	0.64		IGSB
	INFL	EMXC	DVYE	DTH	IGSB

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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

DTH	+ 0.93	EMXC
IGSB	+ 0.64	DTH
IGSB	+ 0.49	EMXC
DVYE	+ 0.27	EMXC
DTH	+ 0.18	DVYE
DVYE	+ 0.06	INFL

High negative correlations

DTH	- 0.82	INFL
EMXC	- 0.7	INFL
IGSB	- 0.54	INFL

Freedom 100 Constituents Risk-Adjusted Indicators

There is a big difference between Freedom Etf performing well and Freedom 100 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 Freedom 100'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
INFL	0.74	0.09	0.04	0.28	0.75	(0.81)	1.67	(1.46)	5.07
EMXC	0.59	(0.06)	0.00	(0.14)	0.00	0.00	1.28	(1.08)	4.07
DVYE	0.92	0.13	0.02	(0.94)	1.05	(1.02)	2.71	(1.81)	7.34
DTH	0.59	(0.07)	0.00	(0.84)	0.00	0.00	1.09	(1.29)	3.89
IGSB	0.11	(0.01)	(0.75)	(0.28)	0.12	(0.12)	0.17	(0.23)	0.60

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