Burney Factor Correlations

Etfs . USA . 
Etf . Burney Factor Rotation
BRNY Etf  USD 45.38  0.04  0.09%   
The current 90-days correlation between Burney Factor Rotation and Invesco BulletShares 2030 is 0.26 (i.e., Modest diversification). The correlation of Burney Factor 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.

Burney Factor Correlation With Market

Very poor diversification

The correlation between Burney Factor Rotation and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burney Factor Rotation and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Burney Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Burney Factor Rotation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Burney Etf

  0.99VO Vanguard Mid CapPairCorr
  0.99VXF Vanguard Extended Market Sell-off TrendPairCorr
  0.98IJH iShares Core SP Sell-off TrendPairCorr
  0.99IWR iShares Russell MidPairCorr
  0.98MDY SPDR SP MIDCAPPairCorr
  0.99FV First Trust DorseyPairCorr
  0.98IVOO Vanguard SP MidPairCorr
  0.99JHMM John Hancock MultifactorPairCorr
  0.99BBMC JPMorgan BetaBuilders MidPairCorr
  0.99XMMO Invesco SP MidCapPairCorr
  0.66PMBS PIMCO Mortgage BackedPairCorr
  0.99SIXD AIM ETF ProductsPairCorr
  0.84PFFL ETRACS 2xMonthly PayPairCorr
  0.99CEFD ETRACS Monthly PayPairCorr
  0.83KGRN KraneShares MSCI ChinaPairCorr
  0.98BUFD FT Cboe VestPairCorr
  0.7EUSB iShares TrustPairCorr
  0.79CVX Chevron CorpPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.99MSFT MicrosoftPairCorr
  0.97DIS Walt DisneyPairCorr
  0.89DD Dupont De NemoursPairCorr
  0.92MMM 3M CompanyPairCorr
  0.96CAT CaterpillarPairCorr
  0.93IBM International Business Earnings Call This WeekPairCorr
  0.91AA Alcoa CorpPairCorr
  0.97AXP American ExpressPairCorr
  0.98BAC Bank of AmericaPairCorr
  0.96GE GE Aerospace Earnings Call This WeekPairCorr

Moving against Burney Etf

  0.98VXX iPath Series BPairCorr
  0.98VIXY ProShares VIX ShortPairCorr
  0.77YCL ProShares Ultra YenPairCorr
  0.64MCD McDonaldsPairCorr
  0.57KO Coca Cola Earnings Call This WeekPairCorr
  0.49PG Procter GamblePairCorr

Related Correlations Analysis

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