Advisor Managed Correlations

RVER Etf

28.10 0.96 3.30%

The current 90-days correlation between Advisor Managed Port and Davis Select International is -0.15 (i.e., Good diversification). The correlation of Advisor Managed 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Advisor Managed Correlation With Market

Good diversification

The correlation between Advisor Managed Portfolios and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisor Managed Portfolios 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 Advisor Managed Portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Advisor Etf

0.8	VOT	Vanguard Mid Cap	Pair Corr
0.81	IWP	iShares Russell Mid	Pair Corr
0.83	ARKK	ARK Innovation ETF	Pair Corr
0.75	IJK	iShares SP Mid	Pair Corr
0.84	JKH	iShares Morningstar Mid	Pair Corr
0.8	KOMP	SPDR Kensho New	Pair Corr
0.75	MDYG	SPDR SP 400	Pair Corr
0.93	IMCG	iShares Morningstar Mid	Pair Corr
0.79	FPX	First Trust Equity	Pair Corr
0.75	IVOG	Vanguard SP Mid	Pair Corr
0.63	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.89	HPQ	HP Inc	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.82	AXP	American Express	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.81	HD	Home Depot	Pair Corr

Moving against Advisor Etf

0.51	PMBS	PIMCO Mortgage Backed	Pair Corr
0.43	FXY	Invesco CurrencyShares	Pair Corr
0.4	KO	Coca Cola Aggressive Push	Pair Corr
0.38	GDXU	MicroSectors Gold Miners	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.49	VZ	Verizon Communications	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.35	T	ATT Inc Aggressive Push	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	DINT	DIVY	PY	XC	MGMT	VFMV	VFVA	DSMC	DSTX
DINT		0.38	-0.22	-0.41	-0.65	0.74	-0.49	-0.78	0.95	DINT
DIVY	0.38		0.74	0.15	0.33	0.81	0.52	0.1	0.47	DIVY
PY	-0.22	0.74		0.6	0.85	0.32	0.91	0.67	-0.16	PY
XC	-0.41	0.15	0.6		0.78	-0.24	0.72	0.79	-0.42	XC
MGMT	-0.65	0.33	0.85	0.78		-0.19	0.94	0.94	-0.6	MGMT
VFMV	0.74	0.81	0.32	-0.24	-0.19		0.01	-0.44	0.82	VFMV
VFVA	-0.49	0.52	0.91	0.72	0.94	0.01		0.88	-0.39	VFVA
DSMC	-0.78	0.1	0.67	0.79	0.94	-0.44	0.88		-0.74	DSMC
DSTX	0.95	0.47	-0.16	-0.42	-0.6	0.82	-0.39	-0.74		DSTX
	DINT	DIVY	PY	XC	MGMT	VFMV	VFVA	DSMC	DSTX

Click cells to compare fundamentals

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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

DSTX	+ 0.95	DINT
VFVA	+ 0.94	MGMT
DSMC	+ 0.94	MGMT
VFVA	+ 0.91	PY
DSMC	+ 0.88	VFVA
MGMT	+ 0.85	PY

High negative correlations

DSMC	- 0.78	DINT
DSTX	- 0.74	DSMC
MGMT	- 0.65	DINT
DSTX	- 0.6	MGMT
VFVA	- 0.49	DINT
DSMC	- 0.44	VFMV

Advisor Managed Constituents Risk-Adjusted Indicators

There is a big difference between Advisor Etf performing well and Advisor Managed 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 Advisor Managed'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
DINT	1.04	0.11	0.08	0.14	1.29	(1.13)	2.03	(2.08)	8.79
DIVY	0.64	0.01	0.01	0.01	0.72	(0.71)	1.50	(1.25)	3.13
PY	0.67	(0.04)	0.00	(0.04)	0.00	0.00	1.35	(1.51)	3.04
XC	0.76	(0.05)	0.00	(0.10)	0.00	0.00	1.31	(1.54)	4.61
MGMT	0.85	(0.11)	0.00	(0.12)	0.00	0.00	1.40	(2.01)	5.42
VFMV	0.55	0.05	0.07	0.08	0.58	(0.60)	1.12	(0.98)	3.15
VFVA	0.77	(0.04)	0.00	(0.04)	0.00	0.00	1.27	(1.83)	3.62
DSMC	0.85	(0.14)	0.00	(0.15)	0.00	0.00	1.65	(1.83)	4.65
DSTX	0.64	0.14	0.17	0.33	0.62	(0.70)	1.36	(1.16)	4.74

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