Alpha Architect Correlations

QMOM Etf

USD 59.93 1.30 2.12%

The current 90-days correlation between Alpha Architect Quan and Strategy Shares is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alpha Architect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Architect Quantitative moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Alpha Architect Correlation With Market

Poor diversification

The correlation between Alpha Architect Quantitative and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Architect Quantitative 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 Alpha Architect Quantitative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Alpha Etf

0.93	VOT	Vanguard Mid Cap	Pair Corr
0.95	IWP	iShares Russell Mid	Pair Corr
0.93	ARKK	ARK Innovation ETF	Pair Corr
0.98	IJK	iShares SP Mid	Pair Corr
0.89	JKH	iShares Morningstar Mid	Pair Corr
0.96	KOMP	SPDR Kensho New	Pair Corr
0.98	MDYG	SPDR SP 400	Pair Corr
0.96	IMCG	iShares Morningstar Mid	Pair Corr
0.86	FPX	First Trust Equity	Pair Corr
0.98	IVOG	Vanguard SP Mid	Pair Corr
0.81	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.93	BAC	Bank of America Aggressive Push	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.97	AXP	American Express	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.89	HD	Home Depot	Pair Corr

Moving against Alpha Etf

0.74	PMBS	PIMCO Mortgage Backed	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.69	FXY	Invesco CurrencyShares	Pair Corr
0.48	AMPD	Tidal Trust II	Pair Corr
0.43	GDXU	MicroSectors Gold Miners	Pair Corr
0.79	VZ	Verizon Communications	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.34	INTC	Intel	Pair Corr
0.31	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.13	-0.04	-0.03	0.05	-0.02	-0.06	-0.01	-0.03	DHSB
MBOX	-0.13		0.26	0.12	-0.31	0.33	0.83	0.3	0.73	MBOX
DIEM	-0.04	0.26		0.87	0.15	-0.41	0.51	0.78	0.64	DIEM
MCHI	-0.03	0.12	0.87		0.48	-0.55	0.45	0.92	0.6	MCHI
DIPS	0.05	-0.31	0.15	0.48		-0.54	-0.03	0.54	0.09	DIPS
DISO	-0.02	0.33	-0.41	-0.55	-0.54		0.26	-0.52	0.04	DISO
DIVB	-0.06	0.83	0.51	0.45	-0.03	0.26		0.62	0.95	DIVB
DIVD	-0.01	0.3	0.78	0.92	0.54	-0.52	0.62		0.75	DIVD
DIVG	-0.03	0.73	0.64	0.6	0.09	0.04	0.95	0.75		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVG	+ 0.95	DIVB
DIVD	+ 0.92	MCHI
MCHI	+ 0.87	DIEM
DIVB	+ 0.83	MBOX
DIVD	+ 0.78	DIEM
DIVG	+ 0.75	DIVD

High negative correlations

DISO	- 0.55	MCHI
DISO	- 0.54	DIPS
DIVD	- 0.52	DISO
DISO	- 0.41	DIEM
DIPS	- 0.31	MBOX
MBOX	- 0.13	DHSB

Alpha Architect Constituents Risk-Adjusted Indicators

There is a big difference between Alpha Etf performing well and Alpha Architect 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 Alpha Architect'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
DHSB	0.37	(0.07)	0.00	(0.37)	0.00	0.00	0.82	(0.74)	1.68
MBOX	0.65	0.04	0.04	0.04	0.76	(0.65)	1.27	(1.39)	2.74
DIEM	0.69	0.03	0.03	(0.23)	0.88	(0.73)	1.43	(1.89)	4.39
MCHI	1.36	0.24	0.15	1.74	1.44	(1.60)	2.63	(2.72)	7.91
DIPS	2.25	0.09	0.03	0.21	2.68	(2.50)	5.35	(4.43)	23.78
DISO	0.90	(0.13)	0.00	0.71	0.00	0.00	1.47	(2.12)	6.61
DIVB	0.66	0.02	0.02	(0.11)	0.87	(0.66)	1.16	(1.40)	3.13
DIVD	0.58	0.13	0.17	(0.64)	0.62	(0.67)	1.39	(0.95)	3.39
DIVG	0.60	0.02	0.02	(0.12)	0.76	(0.63)	1.20	(1.18)	3.06

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