WBI BullBear Correlations

WBIG Etf

USD 22.94 0.14 0.61%

The current 90-days correlation between WBI BullBear Yield and WBI BullBear Value is 0.87 (i.e., Very poor diversification). The correlation of WBI BullBear 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.

WBI BullBear Correlation With Market

Poor diversification

The correlation between WBI BullBear Yield 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 WBI BullBear Yield and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WBI BullBear Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with WBI Etf

0.92	FVC	First Trust Dorsey	Pair Corr
0.71	GMOM	Cambria Global Momentum	Pair Corr
0.92	AGOX	Adaptive Alpha Oppor	Pair Corr
0.79	TACK	Fairlead Tactical Sector	Pair Corr
0.93	DALI	First Trust Dorsey	Pair Corr
0.61	BA	Boeing	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.78	MSFT	Microsoft	Pair Corr

Moving against WBI Etf

0.87	FNGD	MicroSectors FANG Index	Pair Corr
0.61	JPST	JPMorgan Ultra Short	Pair Corr
0.59	TRV	The Travelers Companies	Pair Corr
0.51	GDXU	MicroSectors Gold Miners	Pair Corr
0.56	JNJ	Johnson Johnson	Pair Corr
0.55	KO	Coca Cola	Pair Corr
0.48	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.45	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	WBIF	WBIL	WBIY	XRLV	VUSE
WBIF		0.47	0.48	0.49	0.79	WBIF
WBIL	0.47		0.31	-0.43	0.89	WBIL
WBIY	0.48	0.31		0.29	0.4	WBIY
XRLV	0.49	-0.43	0.29		-0.04	XRLV
VUSE	0.79	0.89	0.4	-0.04		VUSE
	WBIF	WBIL	WBIY	XRLV	VUSE

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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

VUSE	+ 0.89	WBIL
VUSE	+ 0.79	WBIF
XRLV	+ 0.49	WBIF
WBIY	+ 0.48	WBIF
WBIL	+ 0.47	WBIF
VUSE	+ 0.4	WBIY

High negative correlations

XRLV	- 0.43	WBIL
VUSE	- 0.04	XRLV

WBI BullBear Constituents Risk-Adjusted Indicators

There is a big difference between WBI Etf performing well and WBI BullBear 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 WBI BullBear'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
WBIF	0.60	0.00	0.00	(0.07)	0.00	0.00	0.98	(1.42)	2.97
WBIL	0.72	(0.16)	0.00	(0.30)	0.00	0.00	1.08	(1.82)	4.11
WBIY	0.84	(0.01)	0.00	(0.08)	0.00	0.00	1.63	(1.48)	6.25
XRLV	0.63	0.05	0.10	0.05	0.87	(0.58)	1.16	(1.66)	3.26
VUSE	0.79	(0.05)	0.00	(0.12)	0.00	0.00	1.30	(1.91)	4.37

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