Vulcan Value Correlations

VVISX Etf

USD 12.51 0.11 0.87%

The current 90-days correlation between Vulcan Value Partners and Vulcan Value Partners is 0.86 (i.e., Very poor diversification). The correlation of Vulcan Value 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.

Vulcan Value Correlation With Market

Poor diversification

The correlation between Vulcan Value Partners and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vulcan Value Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vulcan Value Partners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Vulcan Etf

1.0	VVPSX	Vulcan Value Partners	Pair Corr
0.69	PDT	John Hancock Premium	Pair Corr

Moving against Vulcan Etf

0.63	CSHP	BlackRock ETF Trust	Pair Corr
0.61	IBHD	iShares iBonds 2024	Pair Corr
0.58	ICSH	iShares Ultra Short	Pair Corr
0.57	BITU	ProShares Trust	Pair Corr
0.56	RINF	ProShares Inflation	Pair Corr
0.53	TBUX	T Rowe Price	Pair Corr
0.52	EOS	Eaton Vance Enhanced	Pair Corr
0.5	TOGA	Tremblant Global ETF	Pair Corr
0.49	EOI	Eaton Vance Enhanced	Pair Corr
0.48	QQQX	Nuveen NASDAQ 100	Pair Corr
0.47	GFEB	First Trust Exchange	Pair Corr
0.47	QCAP	FT Vest NASDAQ	Pair Corr
0.43	SPXX	Nuveen SP 500	Pair Corr
0.43	APRW	AllianzIM Large Cap	Pair Corr
0.39	BST	BlackRock Science Tech	Pair Corr
0.38	VB	Vanguard Small Cap	Pair Corr
0.37	DFAC	Dimensional Core Equity	Pair Corr
0.33	DFAS	Dimensional Small Cap	Pair Corr
0.32	IWM	iShares Russell 2000	Pair Corr
0.31	VTWO	Vanguard Russell 2000	Pair Corr
0.31	VIOO	Vanguard SP Small	Pair Corr
0.7	TMV	Direxion Daily 20	Pair Corr
0.54	XIMR	FT Vest Equity	Pair Corr
0.54	LABD	Direxion Daily SP Aggressive Push	Pair Corr
0.53	PSMD	Pacer Funds Trust	Pair Corr
0.53	CRPT	First Trust SkyBridge	Pair Corr
0.53	QDEC	First Trust Exchange	Pair Corr
0.53	SIXD	AIM ETF Products	Pair Corr
0.5	RMIF	ETF Series Solutions	Pair Corr

Related Correlations Analysis

	VVILX	VVISX	VVPSX	VVPLX	ARKK	QDTE	AVUV	QCLR	LEXI	FITE
VVILX		0.06	0.08	1.0	0.64	0.82	0.79	0.85	0.86	0.83	VVILX
VVISX	0.06		1.0	0.06	-0.49	-0.44	-0.36	-0.41	-0.32	-0.4	VVISX
VVPSX	0.08	1.0		0.08	-0.48	-0.43	-0.36	-0.4	-0.31	-0.39	VVPSX
VVPLX	1.0	0.06	0.08		0.64	0.82	0.78	0.85	0.86	0.82	VVPLX
ARKK	0.64	-0.49	-0.48	0.64		0.79	0.8	0.83	0.75	0.81	ARKK
QDTE	0.82	-0.44	-0.43	0.82	0.79		0.9	0.98	0.93	0.94	QDTE
AVUV	0.79	-0.36	-0.36	0.78	0.8	0.9		0.88	0.91	0.96	AVUV
QCLR	0.85	-0.41	-0.4	0.85	0.83	0.98	0.88		0.93	0.93	QCLR
LEXI	0.86	-0.32	-0.31	0.86	0.75	0.93	0.91	0.93		0.97	LEXI
FITE	0.83	-0.4	-0.39	0.82	0.81	0.94	0.96	0.93	0.97		FITE
	VVILX	VVISX	VVPSX	VVPLX	ARKK	QDTE	AVUV	QCLR	LEXI	FITE

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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

VVPLX	+ 1.0	VVILX
VVPSX	+ 1.0	VVISX
QCLR	+ 0.98	QDTE
FITE	+ 0.97	LEXI
FITE	+ 0.96	AVUV
FITE	+ 0.94	QDTE

High negative correlations

ARKK	- 0.49	VVISX
ARKK	- 0.48	VVPSX
QDTE	- 0.44	VVISX
QDTE	- 0.43	VVPSX
QCLR	- 0.41	VVISX
QCLR	- 0.4	VVPSX

Vulcan Value Constituents Risk-Adjusted Indicators

There is a big difference between Vulcan Etf performing well and Vulcan Value 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 Vulcan Value'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
VVILX	0.58	0.01	(0.01)	0.10	0.58	(0.67)	1.30	(1.11)	3.95
VVISX	0.71	(0.12)	0.00	(0.04)	0.00	0.00	1.84	(1.38)	3.72
VVPSX	0.72	(0.11)	0.00	(0.03)	0.00	0.00	1.87	(1.40)	3.84
VVPLX	0.58	0.01	(0.01)	0.10	0.59	(0.67)	1.27	(1.12)	3.95
ARKK	1.70	0.47	0.21	(108.84)	1.46	(1.96)	3.54	(2.84)	11.76
QDTE	0.61	0.12	0.10	0.25	0.61	(0.65)	1.33	(1.15)	4.97
AVUV	0.91	0.19	0.14	0.82	0.56	(1.13)	2.15	(1.23)	8.70
QCLR	0.49	0.09	0.06	0.26	0.47	(0.53)	1.13	(0.91)	4.70
LEXI	0.43	0.09	0.00	1.84	0.34	(0.48)	0.89	(0.84)	2.84
FITE	0.80	0.22	0.15	0.98	0.76	(0.92)	1.57	(1.32)	7.43

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