Cambria Fixed Correlations

Etfs . USA . 
Etf . Cambria Fixed Income
CFIT Etf   24.62  0.04  0.16%   
The current 90-days correlation between Cambria Fixed Income and Vanguard Total Stock is 0.2 (i.e., Modest diversification). The correlation of Cambria Fixed 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.

Cambria Fixed Correlation With Market

Modest diversification

The correlation between Cambria Fixed Income and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Fixed Income and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Cambria Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cambria Fixed Income. 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 Cambria Etf

  0.7VTI Vanguard Total Stock Sell-off TrendPairCorr
  0.71SPY SPDR SP 500 Sell-off TrendPairCorr
  0.71IVV iShares Core SP Sell-off TrendPairCorr
  0.91BND Vanguard Total BondPairCorr
  0.77VTV Vanguard Value IndexPairCorr
  0.67VUG Vanguard Growth IndexPairCorr
  0.68VO Vanguard Mid CapPairCorr
  0.68VEA Vanguard FTSE DevelopedPairCorr
  0.67VB Vanguard Small CapPairCorr
  0.68VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.66XOVR ERShares Private Public Symbol ChangePairCorr
  0.78GAICX GATEWAY INTERNATIONALPairCorr
  0.7HBTA Horizon FundsPairCorr
  0.85AAIAX AMERICAN BEACON INTEPairCorr
  0.78FDV First Trust CapitalPairCorr
  0.82TRSY Xtrackers 0 1PairCorr
  0.62BCHP EGSHARES BLUE CHIPPairCorr
  0.88EUSB iShares TrustPairCorr
  0.69BUFD FT Cboe VestPairCorr
  0.85VABS Virtus Newfleet ABSMBSPairCorr
  0.69AXP American ExpressPairCorr
  0.81CVX Chevron CorpPairCorr
  0.77CAT CaterpillarPairCorr
  0.69BAC Bank of AmericaPairCorr
  0.66MSFT MicrosoftPairCorr
  0.73CSCO Cisco SystemsPairCorr
  0.74INTC Intel Earnings Call This WeekPairCorr
  0.61AA Alcoa CorpPairCorr
  0.69DD Dupont De NemoursPairCorr

Moving against Cambria Etf

  0.76MCD McDonaldsPairCorr
  0.63PG Procter GamblePairCorr
  0.37KO Coca Cola Earnings Call This WeekPairCorr
  0.35TRV The Travelers CompaniesPairCorr
  0.31HPQ HP IncPairCorr

Related Correlations Analysis

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Cambria Fixed Constituents Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Fixed 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 Cambria Fixed'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTI  0.67  0.12  0.12  0.25  0.56 
(0.77)
 2.06 
(1.18)
 5.09 
SPY  0.66  0.11  0.11  0.25  0.57 
(0.74)
 2.08 
(1.12)
 4.99 
IVV  0.66  0.11  0.11  0.25  0.56 
(0.74)
 2.05 
(1.11)
 4.98 
BND  0.25  0.00 (0.37) 0.17  0.26 
(0.25)
 0.47 
(0.54)
 1.18 
VTV  0.59  0.02 (0.01) 0.16  0.60 
(0.63)
 1.49 
(1.15)
 4.05 
VUG  0.82  0.19  0.18  0.32  0.66 
(0.97)
 2.51 
(1.37)
 5.66 
VO  0.63  0.11  0.10  0.26  0.60 
(0.73)
 1.69 
(1.19)
 4.85 
VEA  0.53  0.14  0.09  0.45  0.34 
(0.60)
 1.32 
(1.00)
 3.22 
VB  0.82  0.10  0.11  0.23  0.76 
(0.97)
 2.32 
(1.62)
 6.49 
VWO  0.56  0.17  0.13  0.51  0.35 
(0.64)
 1.57 
(1.18)
 4.17 

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