Middlefield Equity Correlations

ACZ Etf

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The current 90-days correlation between Middlefield Equity and Middlefield Sustainable Infrastructure is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Middlefield Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Middlefield Equity Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Middlefield Equity Correlation With Market

Weak diversification

The correlation between Middlefield Equity Dividend and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Middlefield Equity Dividend and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Middlefield Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Middlefield Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Middlefield Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Middlefield Equity Dividend to buy it.

Moving together with Middlefield Etf

0.94	VGG	Vanguard Dividend	Pair Corr
0.92	CUD	iShares Dividend Growers	Pair Corr
0.93	ZDY	BMO Dividend ETF	Pair Corr
0.92	ZWH	BMO High Dividend	Pair Corr
0.95	VGH	Vanguard Dividend	Pair Corr
0.96	RUD	RBC Quant Dividend	Pair Corr
0.84	XHD	iShares High Dividend	Pair Corr
0.92	ZUD	BMO Dividend Hedged	Pair Corr
0.91	FCUD	Fidelity High Dividend	Pair Corr
0.97	RUDH	RBC Quant Dividend	Pair Corr
0.94	XIU	iShares SPTSX 60	Pair Corr
0.96	XSP	iShares Core SP	Pair Corr
0.94	XIC	iShares Core SPTSX	Pair Corr
0.94	ZCN	BMO SPTSX Capped	Pair Corr
0.95	ZSP	BMO SP 500	Pair Corr
0.95	VFV	Vanguard SP 500	Pair Corr
0.95	ZEB	BMO SPTSX Equal	Pair Corr

Moving against Middlefield Etf

0.65

TCLB

TD Canadian Long

Pair Corr

Related Correlations Analysis

	MINF	MHCD	LS	ACZ	MREL	MDIV	MUSA	NHYB	AGLB
MINF		-0.12	-0.42	0.9	0.94	0.93	0.92	0.95	0.0	MINF
MHCD	-0.12		0.67	-0.19	-0.11	-0.11	-0.11	-0.11	0.0	MHCD
LS	-0.42	0.67		-0.43	-0.45	-0.45	-0.4	-0.41	0.0	LS
ACZ	0.9	-0.19	-0.43		0.9	0.95	0.96	0.93	0.0	ACZ
MREL	0.94	-0.11	-0.45	0.9		0.93	0.91	0.93	0.0	MREL
MDIV	0.93	-0.11	-0.45	0.95	0.93		0.98	0.94	0.0	MDIV
MUSA	0.92	-0.11	-0.4	0.96	0.91	0.98		0.93	0.0	MUSA
NHYB	0.95	-0.11	-0.41	0.93	0.93	0.94	0.93		0.0	NHYB
AGLB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AGLB
	MINF	MHCD	LS	ACZ	MREL	MDIV	MUSA	NHYB	AGLB

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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

MUSA	+ 0.98	MDIV
MUSA	+ 0.96	ACZ
NHYB	+ 0.95	MINF
MDIV	+ 0.95	ACZ
MREL	+ 0.94	MINF
NHYB	+ 0.94	MDIV

High negative correlations

MDIV	- 0.45	LS
MREL	- 0.45	LS
ACZ	- 0.43	LS
LS	- 0.42	MINF
NHYB	- 0.41	LS
MUSA	- 0.4	LS

Middlefield Equity Constituents Risk-Adjusted Indicators

There is a big difference between Middlefield Etf performing well and Middlefield Equity 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 Middlefield Equity'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
MINF	0.46	0.14	0.06	0.78	0.17	(0.58)	1.04	(0.83)	2.55
MHCD	0.73	(0.06)	0.00	(0.40)	0.00	0.00	1.43	(1.67)	5.97
LS	0.70	(0.12)	0.00	(0.11)	0.00	0.00	1.43	(1.65)	5.90
ACZ	0.48	0.11	0.00	0.44	0.00	0.00	1.93	(0.69)	6.08
MREL	0.63	0.16	0.04	2.02	0.49	(0.74)	1.39	(1.22)	4.05
MDIV	0.62	0.12	0.02	0.62	0.76	(0.74)	1.59	(1.15)	4.54
MUSA	0.70	0.10	0.03	0.36	0.84	(0.77)	1.65	(1.59)	3.95
NHYB	0.32	0.06	(0.17)	10.91	0.20	(0.47)	0.87	(0.51)	2.74
AGLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Middlefield Equity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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