Brookstone Value Correlations

BAMV Etf

31.99 0.11 0.34%

The correlation of Brookstone Value 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.

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Moving together with Brookstone Etf

0.65	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.67	VYM	Vanguard High Dividend Sell-off Trend	Pair Corr
0.63	IWD	iShares Russell 1000 Sell-off Trend	Pair Corr
0.66	DGRO	iShares Core Dividend Sell-off Trend	Pair Corr
0.64	IVE	iShares SP 500	Pair Corr
0.62	DVY	iShares Select Dividend	Pair Corr
0.64	SPYV	SPDR Portfolio SP	Pair Corr
0.64	IUSV	iShares Core SP	Pair Corr
0.62	NOBL	ProShares SP 500	Pair Corr
0.63	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.61	VUG	Vanguard Growth Index	Pair Corr
0.61	VB	Vanguard Small Cap	Pair Corr
0.62	AXP	American Express	Pair Corr
0.7	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.61	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Brookstone Etf

0.66

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.81	0.54	0.92	0.25	0.93	0.23	0.54	META
MSFT	0.98		0.86	0.84	0.5	0.88	0.25	0.95	0.24	0.53	MSFT
UBER	0.84	0.86		0.9	0.4	0.8	0.52	0.88	0.21	0.48	UBER
F	0.81	0.84	0.9		0.39	0.84	0.24	0.91	0.43	0.7	F
T	0.54	0.5	0.4	0.39		0.51	0.15	0.49	0.27	0.21	T
A	0.92	0.88	0.8	0.84	0.51		0.16	0.89	0.33	0.66	A
CRM	0.25	0.25	0.52	0.24	0.15	0.16		0.19	-0.27	-0.14	CRM
JPM	0.93	0.95	0.88	0.91	0.49	0.89	0.19		0.3	0.6	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.33	-0.27	0.3		0.55	MRK
XOM	0.54	0.53	0.48	0.7	0.21	0.66	-0.14	0.6	0.55		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

MSFT	+ 0.98	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.27	CRM
XOM	- 0.14	CRM

Brookstone Value Competition Risk-Adjusted Indicators

There is a big difference between Brookstone Etf performing well and Brookstone Value 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 Brookstone Value'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	1.50	0.30	0.24	0.36	1.02	(1.80)	3.99	(2.35)	10.48
MSFT	0.89	0.31	0.27	0.48	0.52	(1.06)	2.33	(1.08)	8.85
UBER	1.63	0.19	0.12	0.32	1.40	(2.06)	4.19	(2.54)	10.87
F	1.29	0.20	0.10	0.41	1.39	(1.42)	2.69	(2.33)	7.46
T	1.03	(0.05)	(0.09)	0.02	1.34	(1.08)	2.35	(2.35)	5.71
A	1.46	0.18	0.00	(0.42)	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.14)	(0.05)	0.04	1.71	(1.31)	2.95	(3.19)	9.31
JPM	0.90	0.35	0.18	(2.74)	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.38	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.06	(0.03)	0.46	1.38	(1.13)	2.40	(2.58)	6.28

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Brookstone Value Correlations

Moving together with Brookstone Etf

Moving against Brookstone Etf

Related Correlations Analysis

Correlation Matchups

Brookstone Value Competition Risk-Adjusted Indicators

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