Clough Global Correlations

XGLOX Etf

USD 5.73 0.02 0.35%

The current 90-days correlation between Clough Global Opport and RiverNorthDoubleLine Strategic Opportunity is -0.01 (i.e., Good diversification). The correlation of Clough Global 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.

Clough Global Correlation With Market

Good diversification

The correlation between Clough Global Opportunities and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clough Global Opportunities 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 Clough Global Opportunities. 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 Clough Etf

0.89	VTI	Vanguard Total Stock	Pair Corr
0.88	SPY	SPDR SP 500	Pair Corr
0.9	IVV	iShares Core SP	Pair Corr
0.93	VUG	Vanguard Growth Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.94	VB	Vanguard Small Cap	Pair Corr
0.69	SWP	SWP Growth Income	Pair Corr
0.92	WINN	Harbor Long Term	Pair Corr

Moving against Clough Etf

0.91	TAIL	Cambria Tail Risk	Pair Corr
0.88	FNGD	MicroSectors FANG Index Buyout Trend	Pair Corr
0.82	SHLD	Global X Funds	Pair Corr
0.77	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.61	VEA	Vanguard FTSE Developed	Pair Corr
0.59	SPHD	Invesco SP 500	Pair Corr
0.92	SH	ProShares Short SP500	Pair Corr
0.89	ESGL	ESGL Holdings Limited	Pair Corr
0.88	VNM	VanEck Vietnam ETF	Pair Corr
0.73	MYCJ	SPDR SSGA My2030	Pair Corr
0.72	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
0.7	GSEU	Goldman Sachs ActiveBeta	Pair Corr
0.69	JMST	JPMorgan Ultra Short	Pair Corr
0.69	CGRO	Tidal Trust II	Pair Corr
0.61	ACWV	iShares MSCI Global	Pair Corr
0.6	GHMS	Goose Hollow Multi	Pair Corr
0.59	GDXU	MicroSectors Gold Miners	Pair Corr
0.59	VXUS	Vanguard Total Inter	Pair Corr
0.58	BKT	BlackRock Income Closed	Pair Corr
0.58	LIAE	Stone Ridge 2050	Pair Corr
0.53	EEMX	SPDR MSCI Emerging Potential Growth	Pair Corr
0.52	HSRT	Hartford Short Duration	Pair Corr
0.52	BBEM	JP Morgan Exchange	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.02	0.56	-0.5	0.23	0.43	0.32	0.9	-0.71	-0.07	META
MSFT	0.02		-0.59	-0.04	-0.83	0.75	0.88	0.21	0.41	-0.57	MSFT
UBER	0.56	-0.59		-0.31	0.78	-0.3	-0.5	0.48	-0.84	0.55	UBER
F	-0.5	-0.04	-0.31		0.06	-0.12	-0.19	-0.35	0.4	0.38	F
T	0.23	-0.83	0.78	0.06		-0.65	-0.74	0.07	-0.63	0.59	T
A	0.43	0.75	-0.3	-0.12	-0.65		0.83	0.62	0.15	-0.41	A
CRM	0.32	0.88	-0.5	-0.19	-0.74	0.83		0.42	0.23	-0.64	CRM
JPM	0.9	0.21	0.48	-0.35	0.07	0.62	0.42		-0.6	0.03	JPM
MRK	-0.71	0.41	-0.84	0.4	-0.63	0.15	0.23	-0.6		-0.36	MRK
XOM	-0.07	-0.57	0.55	0.38	0.59	-0.41	-0.64	0.03	-0.36		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.88	MSFT
CRM	+ 0.83	A
T	+ 0.78	UBER
A	+ 0.75	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.83	MSFT
CRM	- 0.74	T
MRK	- 0.71	META
A	- 0.65	T
XOM	- 0.64	CRM

Clough Global Competition Risk-Adjusted Indicators

There is a big difference between Clough Etf performing well and Clough Global 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 Clough Global'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
META	1.61	0.05	0.02	0.04	2.24	(1.45)	2.96	(3.73)	8.90
MSFT	1.07	(0.17)	0.00	(0.20)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.92	0.31	0.14	0.48	2.11	(2.12)	4.72	(3.13)	12.75
F	1.44	0.11	0.05	(0.36)	2.16	(1.40)	2.71	(2.88)	10.14
T	0.99	0.29	0.17	(24.36)	1.45	(1.12)	1.90	(1.55)	11.66
A	1.13	(0.15)	0.00	(0.15)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.22)	0.00	0.00	2.72	(3.53)	8.88
JPM	1.09	0.14	0.08	0.11	1.55	(1.09)	2.16	(1.98)	6.85
MRK	1.22	(0.15)	0.00	1.32	0.00	0.00	2.07	(2.25)	11.58
XOM	1.02	0.17	0.12	0.40	1.24	(1.06)	2.55	(2.36)	5.89

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