AAM Low Correlations

PFLD Etf

USD 20.55 0.04 0.19%

The current 90-days correlation between AAM Low Duration and Global X Variable is 0.03 (i.e., Significant diversification). The correlation of AAM Low 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.

AAM Low Correlation With Market

Significant diversification

The correlation between AAM Low Duration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAM Low Duration 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 AAM Low Duration. 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 AAM Etf

0.91	FPE	First Trust Preferred	Pair Corr
0.72	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.76	VRP	Invesco Variable Rate	Pair Corr
0.73	PGF	Invesco Financial	Pair Corr
0.66	PSK	SPDR ICE Preferred	Pair Corr
0.78	FPEI	First Trust Institutional	Pair Corr
0.67	PFFA	Virtus InfraCap Preferred	Pair Corr
0.72	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.69	VEA	Vanguard FTSE Developed	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.72	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against AAM Etf

0.5	AA	Alcoa Corp	Pair Corr
0.44	MSFT	Microsoft	Pair Corr
0.33	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	PFFV	PFFR	EPRF	PREF	EEMD
PFFV		0.54	0.47	0.83	0.0	PFFV
PFFR	0.54		0.58	0.49	0.0	PFFR
EPRF	0.47	0.58		0.31	0.0	EPRF
PREF	0.83	0.49	0.31		0.0	PREF
EEMD	0.0	0.0	0.0	0.0		EEMD
	PFFV	PFFR	EPRF	PREF	EEMD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PREF	+ 0.83	PFFV
EPRF	+ 0.58	PFFR
PFFR	+ 0.54	PFFV
PREF	+ 0.49	PFFR
EPRF	+ 0.47	PFFV
PREF	+ 0.31	EPRF

High negative correlations

EEMD	- 0.0	PREF
EEMD	- 0.0	EPRF
EEMD	- 0.0	PFFR
EEMD	- 0.0	PFFV

AAM Low Constituents Risk-Adjusted Indicators

There is a big difference between AAM Etf performing well and AAM Low 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 AAM Low'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
PFFV	0.28	0.04	0.30	0.18	0.22	(0.34)	0.64	(0.47)	1.76
PFFR	0.41	0.02	0.14	0.12	0.48	(0.49)	0.77	(0.87)	4.14
EPRF	0.58	0.00	0.10	0.15	0.66	(0.69)	1.26	(1.05)	3.68
PREF	0.17	0.02	0.36	0.66	0.12	(0.20)	0.37	(0.32)	1.13
EEMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC