AGF Investments Correlations

GLIF Etf

USD 26.18 0.05 0.19%

The current 90-days correlation between AGF Investments and Global X Infrastructure is 0.12 (i.e., Average diversification). The correlation of AGF Investments 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against AGF Etf

0.6	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.49	IFRA	iShares Infrastructure Low Volatility	Pair Corr
0.44	PAVE	Global X Infrastructure Low Volatility	Pair Corr
0.37	TSLL	Direxion Shares ETF Buyout Trend	Pair Corr
0.35	TOLZ	ProShares DJ Brookfield	Pair Corr
0.31	SIMS	SPDR SP Kensho	Pair Corr
0.67	Z	Zillow Group Class	Pair Corr
0.62	DAPP	VanEck Digital Trans	Pair Corr
0.56	ETHT	ProShares Trust Upward Rally	Pair Corr
0.51	ETH	Grayscale Ethereum Mini Buyout Trend	Pair Corr
0.46	UMI	USCF Midstream Energy	Pair Corr
0.4	XOUT	GraniteShares XOUT Large	Pair Corr
0.4	AUGP	PGIM Large Cap	Pair Corr
0.38	TSL	GraniteShares 125x Long	Pair Corr
0.37	YMAG	YieldMax Magnificent	Pair Corr
0.67	IGV	iShares Expanded Tech	Pair Corr
0.59	NFLY	Tidal Trust II	Pair Corr
0.55	BTC	Grayscale Bitcoin Mini	Pair Corr
0.45	OLO	Olo Inc	Pair Corr
0.36	VUG	Vanguard Growth Index	Pair Corr

Related Correlations Analysis

	PAVE	IGF	NFRA	IFRA	GII	TOLZ	SIMS	INFR	BLLD	XKII
PAVE		0.58	0.58	0.99	0.6	0.8	0.85	0.3	0.35	0.78	PAVE
IGF	0.58		0.75	0.66	1.0	0.91	0.63	0.6	0.6	0.5	IGF
NFRA	0.58	0.75		0.61	0.79	0.78	0.7	0.94	0.96	0.63	NFRA
IFRA	0.99	0.66	0.61		0.67	0.87	0.87	0.34	0.38	0.79	IFRA
GII	0.6	1.0	0.79	0.67		0.92	0.65	0.64	0.65	0.53	GII
TOLZ	0.8	0.91	0.78	0.87	0.92		0.81	0.58	0.6	0.7	TOLZ
SIMS	0.85	0.63	0.7	0.87	0.65	0.81		0.49	0.52	0.93	SIMS
INFR	0.3	0.6	0.94	0.34	0.64	0.58	0.49		0.99	0.44	INFR
BLLD	0.35	0.6	0.96	0.38	0.65	0.6	0.52	0.99		0.48	BLLD
XKII	0.78	0.5	0.63	0.79	0.53	0.7	0.93	0.44	0.48		XKII
	PAVE	IGF	NFRA	IFRA	GII	TOLZ	SIMS	INFR	BLLD	XKII

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AGF Investments Constituents Risk-Adjusted Indicators

There is a big difference between AGF Etf performing well and AGF Investments 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 AGF Investments' 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
PAVE	0.88	0.02	0.01	0.05	0.96	(1.11)	1.75	(1.44)	10.44
IGF	0.61	(0.01)	(0.02)	0.00	0.80	(0.66)	1.33	(1.39)	3.84
NFRA	0.50	(0.10)	0.00	(0.27)	0.00	0.00	0.93	(1.08)	3.42
IFRA	0.78	0.02	0.01	0.06	0.87	(0.87)	1.79	(1.12)	7.80
GII	0.63	(0.01)	(0.03)	(0.01)	0.84	(0.64)	1.23	(1.33)	3.94
TOLZ	0.63	(0.01)	(0.02)	0.00	0.91	(0.60)	1.24	(1.26)	3.84
SIMS	0.80	(0.07)	0.00	(0.12)	0.00	0.00	1.54	(1.97)	5.57
INFR	0.69	(0.19)	0.00	(0.42)	0.00	0.00	0.99	(1.65)	4.17
BLLD	0.65	(0.17)	0.00	(0.46)	0.00	0.00	0.94	(1.72)	4.19
XKII	0.80	(0.06)	0.00	(0.25)	0.00	0.00	1.54	(1.97)	5.57

AGF Investments Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AGF Investments etf to make a market-neutral strategy. Peer analysis of AGF Investments could also be used in its relative valuation, which is a method of valuing AGF Investments by comparing valuation metrics with similar companies.

Global X Infrastructure iShares Global Infrastructure FlexShares STOXX Global iShares Infrastructure ETF SPDR SP Global ProShares DJ Brookfield SPDR SP Kensho ClearBridge Sustainable Infrastructure JP Morgan Exchange Traded SPDR Kensho Intelligent American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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AGF Investments Correlations

Moving against AGF Etf

Related Correlations Analysis

AGF Investments Constituents Risk-Adjusted Indicators

AGF Investments Related Equities

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