Swan Hedged Correlations

HEGD Etf

USD 23.75 0.05 0.21%

The current 90-days correlation between Swan Hedged Equity and Amplify BlackSwan Growth is 0.72 (i.e., Poor diversification). The correlation of Swan Hedged 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.

Swan Hedged Correlation With Market

Poor diversification

The correlation between Swan Hedged Equity and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swan Hedged Equity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Swan Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Swan Hedged Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Swan Etf

0.98	ACIO	Aptus Collared Income	Pair Corr
0.82	ADME	Aptus Drawdown Managed	Pair Corr
0.98	SWAN	Amplify BlackSwan Growth	Pair Corr
0.88	PHDG	Invesco SP 500	Pair Corr
0.99	MSTB	ETF Series Solutions	Pair Corr
0.93	VAMO	Cambria Value	Pair Corr
0.84	HEQT	Simplify Exchange Traded	Pair Corr
0.99	GTR	WisdomTree Target Range	Pair Corr
0.61	ITDD	iShares Trust	Pair Corr
0.66	BUFD	FT Cboe Vest	Pair Corr
0.66	IBM	International Business Earnings Call This Week	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.62	AXP	American Express	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr

Moving against Swan Etf

0.53	CCOR	Core Alternative ETF	Pair Corr
0.6	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	SWAN	PHDG	HEQT	SPD	MSTB
SWAN		0.88	0.84	0.75	0.97	SWAN
PHDG	0.88		0.74	0.58	0.86	PHDG
HEQT	0.84	0.74		0.94	0.84	HEQT
SPD	0.75	0.58	0.94		0.79	SPD
MSTB	0.97	0.86	0.84	0.79		MSTB
	SWAN	PHDG	HEQT	SPD	MSTB

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Swan Hedged Constituents Risk-Adjusted Indicators

There is a big difference between Swan Etf performing well and Swan Hedged 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 Swan Hedged'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
SWAN	0.43	0.13	0.07	0.51	0.19	(0.50)	1.01	(0.77)	2.80
PHDG	0.46	0.03	(0.13)	0.30	0.44	(0.51)	0.94	(0.83)	2.76
HEQT	0.24	0.14	0.00	(3.06)	0.00	(0.30)	0.68	(0.30)	1.90
SPD	0.87	0.24	0.14	4.47	0.61	(1.05)	1.97	(1.18)	6.86
MSTB	0.51	0.17	0.20	0.44	0.00	(0.62)	1.26	(0.71)	4.59

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