Anfield Universal Correlations

AFIF Etf

USD 9.30 0.01 0.11%

The current 90-days correlation between Anfield Universal Fixed and Anfield Equity Sector is 0.42 (i.e., Very weak diversification). The correlation of Anfield Universal 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.

Anfield Universal Correlation With Market

Weak diversification

The correlation between Anfield Universal Fixed and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Anfield Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anfield Universal Fixed. 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 Anfield Etf

0.9	AXSAX	Axonic Strategic Income	Pair Corr
0.76	AXSIX	Axonic Strategic Income	Pair Corr
0.83	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.82	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.61	DEED	First Trust TCW	Pair Corr
0.83	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.82	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.96	JPIE	JP Morgan Exchange	Pair Corr
0.85	MUSI	American Century Mul	Pair Corr
0.7	DFEN	Direxion Daily Aerospace	Pair Corr
0.72	SOXX	iShares Semiconductor ETF	Pair Corr
0.68	QTOC	Innovator ETFs Trust	Pair Corr
0.85	PALL	abrdn Physical Palladium	Pair Corr
0.97	CPSD	Calamos ETF Trust	Pair Corr
0.77	HIDE	Alpha Architect High	Pair Corr
0.94	VFVA	Vanguard Value Factor	Pair Corr
0.62	SRLN	SPDR Blackstone Senior Sell-off Trend	Pair Corr
0.94	ULST	SPDR SSgA Ultra	Pair Corr
0.71	BUFD	FT Cboe Vest	Pair Corr
0.86	VBF	Invesco Van Kampen	Pair Corr
0.63	DFAS	Dimensional Small Cap	Pair Corr
0.97	SUPP	TCW Transform Supply	Pair Corr
0.63	VABS	Virtus Newfleet ABSMBS	Pair Corr

Moving against Anfield Etf

0.43

WTID

UBS ETRACS

Pair Corr

Related Correlations Analysis

	AESR	AGZD	BNDC
AESR		0.89	0.64	AESR
AGZD	0.89		0.53	AGZD
BNDC	0.64	0.53		BNDC
	AESR	AGZD	BNDC

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Anfield Universal Constituents Risk-Adjusted Indicators

There is a big difference between Anfield Etf performing well and Anfield Universal 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 Anfield Universal'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
AESR	0.77	0.22	0.24	0.40	0.36	(0.98)	1.97	(0.87)	4.36
AGZD	0.20	0.03	(0.33)	(0.72)	0.15	(0.25)	0.68	(0.45)	1.44
BNDC	0.28	0.00	(0.31)	0.10	0.30	(0.30)	0.51	(0.50)	1.42

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