| ACSI Etf | | | USD 63.46 0.38 0.60% |
The current 90-days correlation between American Customer and AdvisorShares Dorsey Wright is 0.48 (i.e., Very weak diversification). The correlation of American Customer 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.
American Customer Correlation With Market
Almost no diversification
The correlation between American Customer Satisfaction and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Customer Satisfaction and DJI in the same portfolio, assuming nothing else is changed.
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