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.
Clough |
Moving together with Clough Etf
0.89 | VTI | Vanguard Total Stock | PairCorr |
0.88 | SPY | SPDR SP 500 | PairCorr |
0.9 | IVV | iShares Core SP | PairCorr |
0.93 | VUG | Vanguard Growth Index | PairCorr |
0.79 | VO | Vanguard Mid Cap | PairCorr |
0.94 | VB | Vanguard Small Cap | PairCorr |
0.69 | SWP | SWP Growth Income | PairCorr |
0.92 | WINN | Harbor Long Term | PairCorr |
Moving against Clough Etf
0.91 | TAIL | Cambria Tail Risk | PairCorr |
0.88 | FNGD | MicroSectors FANG Index Buyout Trend | PairCorr |
0.82 | SHLD | Global X Funds | PairCorr |
0.77 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
0.61 | VEA | Vanguard FTSE Developed | PairCorr |
0.59 | SPHD | Invesco SP 500 | PairCorr |
0.92 | SH | ProShares Short SP500 | PairCorr |
0.89 | ESGL | ESGL Holdings Limited | PairCorr |
0.88 | VNM | VanEck Vietnam ETF | PairCorr |
0.73 | MYCJ | SPDR SSGA My2030 | PairCorr |
0.72 | SPIB | SPDR Barclays Interm Sell-off Trend | PairCorr |
0.7 | GSEU | Goldman Sachs ActiveBeta | PairCorr |
0.69 | JMST | JPMorgan Ultra Short | PairCorr |
0.69 | CGRO | Tidal Trust II | PairCorr |
0.61 | ACWV | iShares MSCI Global | PairCorr |
0.6 | GHMS | Goose Hollow Multi | PairCorr |
0.59 | GDXU | MicroSectors Gold Miners | PairCorr |
0.59 | VXUS | Vanguard Total Inter | PairCorr |
0.58 | BKT | BlackRock Income Closed | PairCorr |
0.58 | LIAE | Stone Ridge 2050 | PairCorr |
0.53 | EEMX | SPDR MSCI Emerging Potential Growth | PairCorr |
0.52 | HSRT | Hartford Short Duration | PairCorr |
0.52 | BBEM | JP Morgan Exchange | PairCorr |
Related Correlations Analysis
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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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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 | 2.96 | 8.90 | |||
MSFT | 1.07 | (0.17) | 0.00 | (0.20) | 0.00 | 2.58 | 10.31 | |||
UBER | 1.92 | 0.31 | 0.14 | 0.48 | 2.11 | 4.72 | 12.75 | |||
F | 1.44 | 0.11 | 0.05 | (0.36) | 2.16 | 2.71 | 10.14 | |||
T | 0.99 | 0.29 | 0.17 | (24.36) | 1.45 | 1.90 | 11.66 | |||
A | 1.13 | (0.15) | 0.00 | (0.15) | 0.00 | 2.92 | 9.03 | |||
CRM | 1.38 | (0.27) | 0.00 | (0.22) | 0.00 | 2.72 | 8.88 | |||
JPM | 1.09 | 0.14 | 0.08 | 0.11 | 1.55 | 2.16 | 6.85 | |||
MRK | 1.22 | (0.15) | 0.00 | 1.32 | 0.00 | 2.07 | 11.58 | |||
XOM | 1.02 | 0.17 | 0.12 | 0.40 | 1.24 | 2.55 | 5.89 |