KFA Value Correlations
| KVLE Etf | USD 24.94 0.00 0.00% |
The correlation of KFA Value 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.
KFA Value Correlation With Market
Very poor diversification
The correlation between KFA Value Line and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KFA Value Line and DJI in the same portfolio, assuming nothing else is changed.
KFA |
Moving together with KFA Etf
| 0.69 | VTV | Vanguard Value Index | PairCorr |
| 0.71 | VYM | Vanguard High Dividend | PairCorr |
| 0.78 | IWD | iShares Russell 1000 | PairCorr |
| 0.71 | DGRO | iShares Core Dividend | PairCorr |
| 0.91 | IVE | iShares SP 500 | PairCorr |
| 0.62 | DVY | iShares Select Dividend | PairCorr |
| 0.9 | SPYV | SPDR Portfolio SP | PairCorr |
| 0.92 | IUSV | iShares Core SP | PairCorr |
| 0.94 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.86 | QTJA | Innovator ETFs Trust | PairCorr |
| 0.92 | QTOC | Innovator ETFs Trust | PairCorr |
| 0.94 | XTOC | Innovator ETFs Trust | PairCorr |
| 0.82 | QTAP | Innovator Growth 100 Low Volatility | PairCorr |
| 0.87 | XTJA | Innovator ETFs Trust | PairCorr |
| 0.68 | XTAP | Innovator Equity Acc | PairCorr |
| 0.67 | BA | Boeing | PairCorr |
| 0.73 | DIS | Walt Disney | PairCorr |
| 0.62 | MSFT | Microsoft | PairCorr |
| 0.78 | HPQ | HP Inc | PairCorr |
| 0.8 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.84 | AXP | American Express | PairCorr |
Moving against KFA Etf
| 0.42 | TRV | The Travelers Companies | PairCorr |
| 0.32 | VZ | Verizon Communications | PairCorr |
| 0.31 | JNJ | Johnson Johnson | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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KFA Value Constituents Risk-Adjusted Indicators
There is a big difference between KFA Etf performing well and KFA Value 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 KFA Value'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KESG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KBUY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KALL | 1.09 | 0.22 | 0.20 | 0.77 | 1.18 | 2.28 | 6.07 | |||
| KFVG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KEMX | 0.78 | 0.01 | 0.00 | (0.05) | 0.00 | 1.42 | 4.66 |