Unified Series Correlations

OALC Etf

USD 30.90 0.07 0.23%

The current 90-days correlation between Unified Series Trust and Nuveen Growth Opportunities is 0.88 (i.e., Very poor diversification). The correlation of Unified Series 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.

Unified Series Correlation With Market

Very weak diversification

The correlation between Unified Series Trust and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unified Series Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Unified Series Trust. 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 Unified Etf

0.97	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.96	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.96	IVV	iShares Core SP	Pair Corr
0.87	VIG	Vanguard Dividend	Pair Corr
0.96	VV	Vanguard Large Cap	Pair Corr
0.69	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.97	IWB	iShares Russell 1000	Pair Corr
0.97	ESGU	iShares ESG Aware	Pair Corr
0.86	DFAC	Dimensional Core Equity	Pair Corr
0.96	SPLG	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.62	AXP	American Express	Pair Corr

Moving against Unified Etf

0.31	WTID	UBS ETRACS	Pair Corr
0.32	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	NUGO	PSFF	NWLG	NUDV	PGRO
NUGO		0.73	0.89	0.09	0.99	NUGO
PSFF	0.73		0.8	0.67	0.76	PSFF
NWLG	0.89	0.8		0.32	0.86	NWLG
NUDV	0.09	0.67	0.32		0.13	NUDV
PGRO	0.99	0.76	0.86	0.13		PGRO
	NUGO	PSFF	NWLG	NUDV	PGRO

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Unified Series Constituents Risk-Adjusted Indicators

There is a big difference between Unified Etf performing well and Unified Series 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 Unified Series' 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
NUGO	0.89	0.06	0.04	0.11	1.20	(0.91)	1.75	(2.27)	6.19
PSFF	0.37	0.03	0.05	0.10	0.45	(0.37)	0.79	(0.70)	2.41
NWLG	0.83	0.03	0.03	0.07	1.13	(0.85)	1.66	(1.78)	5.94
NUDV	0.55	0.03	0.05	0.06	0.52	(0.67)	1.14	(0.92)	3.11
PGRO	0.86	0.08	0.06	0.17	1.13	(0.92)	1.80	(1.97)	6.02

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