Swan Hedged Correlations

Etfs . USA . 
Etf . Swan Hedged Equity
HEGD Etf  USD 22.02  0.03  0.14%   
The current 90-days correlation between Swan Hedged Equity and Amplify BlackSwan Growth is 0.88 (i.e., Very poor diversification). The correlation of Swan Hedged 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.

Swan Hedged Correlation With Market

Poor diversification

The correlation between Swan Hedged Equity and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swan Hedged Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Swan Hedged Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Swan Etf

  0.99ACIO Aptus Collared IncomePairCorr
  0.99ADME Aptus Drawdown ManagedPairCorr
  0.88SWAN Amplify BlackSwan GrowthPairCorr
  0.95PHDG Invesco SP 500PairCorr
  0.99MSTB ETF Series SolutionsPairCorr
  0.72VAMO Cambria ValuePairCorr
  0.99HEQT Simplify Exchange TradedPairCorr
  0.92GTR WisdomTree Target RangePairCorr
  0.99VTI Vanguard Total StockPairCorr
  0.99SPY SPDR SP 500PairCorr
  0.99IVV iShares Core SPPairCorr
  0.61VTV Vanguard Value IndexPairCorr
  0.95VUG Vanguard Growth IndexPairCorr
  0.95VO Vanguard Mid CapPairCorr
  0.94VB Vanguard Small CapPairCorr
  0.75JPM JPMorgan ChasePairCorr
  0.76BA BoeingPairCorr
  0.85BAC Bank of AmericaPairCorr
  0.81DIS Walt DisneyPairCorr
  0.83HPQ HP IncPairCorr
  0.67MSFT MicrosoftPairCorr
  0.62CAT CaterpillarPairCorr
  0.9HD Home DepotPairCorr

Moving against Swan Etf

  0.67CCOR Core Alternative ETFPairCorr
  0.45BND Vanguard Total BondPairCorr
  0.51VZ Verizon CommunicationsPairCorr
  0.32T ATT Inc Earnings Call TomorrowPairCorr

Related Correlations Analysis

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Swan Hedged Constituents Risk-Adjusted Indicators

There is a big difference between Swan Etf performing well and Swan Hedged 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 Swan Hedged'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.

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