Day HaganNed Correlations
| SSUS Etf | USD 41.02 0.03 0.07% |
The current 90-days correlation between Day HaganNed Davis and SPDR SSGA Sector is -0.08 (i.e., Good diversification). The correlation of Day HaganNed 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.
Day HaganNed Correlation With Market
Poor diversification
The correlation between Day HaganNed Davis and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Day HaganNed Davis and DJI in the same portfolio, assuming nothing else is changed.
Day |
Moving together with Day Etf
| 0.93 | VTI | Vanguard Total Stock | PairCorr |
| 1.0 | SPY | SPDR SP 500 | PairCorr |
| 1.0 | IVV | iShares Core SP Sell-off Trend | PairCorr |
| 0.76 | VIG | Vanguard Dividend | PairCorr |
| 1.0 | VV | Vanguard Large Cap | PairCorr |
| 0.84 | RSP | Invesco SP 500 | PairCorr |
| 0.99 | IWB | iShares Russell 1000 | PairCorr |
| 0.99 | ESGU | iShares ESG Aware | PairCorr |
| 0.99 | DFAC | Dimensional Core Equity | PairCorr |
| 0.92 | SPLG | SPDR Portfolio SP | PairCorr |
| 0.73 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.87 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.87 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.64 | GUSH | Direxion Daily SP | PairCorr |
| 0.84 | DUSL | Direxion Daily Indus | PairCorr |
| 0.8 | BA | Boeing | PairCorr |
| 0.9 | AXP | American Express Sell-off Trend | PairCorr |
| 0.79 | DIS | Walt Disney | PairCorr |
| 0.81 | HPQ | HP Inc | PairCorr |
| 0.76 | JPM | JPMorgan Chase | PairCorr |
| 0.86 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.79 | WMT | Walmart Aggressive Push | PairCorr |
| 0.62 | MSFT | Microsoft | PairCorr |
Moving against Day Etf
Related Correlations Analysis
| -0.3 | 1.0 | 0.92 | 0.91 | XLSR | ||
| -0.3 | -0.33 | -0.42 | -0.4 | WWJD | ||
| 1.0 | -0.33 | 0.92 | 0.91 | OVL | ||
| 0.92 | -0.42 | 0.92 | 0.91 | TPSC | ||
| 0.91 | -0.4 | 0.91 | 0.91 | SECT | ||
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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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Day HaganNed Constituents Risk-Adjusted Indicators
There is a big difference between Day Etf performing well and Day HaganNed 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 Day HaganNed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XLSR | 0.87 | (0.13) | 0.00 | 0.54 | 0.00 | 1.40 | 5.03 | |||
| WWJD | 0.66 | 0.11 | 0.16 | 0.13 | 0.76 | 1.39 | 4.13 | |||
| OVL | 0.95 | (0.15) | 0.00 | 0.59 | 0.00 | 1.53 | 5.72 | |||
| TPSC | 0.83 | (0.17) | 0.00 | 1.60 | 0.00 | 1.47 | 4.14 | |||
| SECT | 0.98 | (0.07) | 0.00 | (0.15) | 0.00 | 1.42 | 5.14 |