Alpha Architect Correlations

HIDE Etf

22.81 0.06 0.26%

The current 90-days correlation between Alpha Architect High and Aptus Defined Risk is 0.2 (i.e., Modest diversification). The correlation of Alpha Architect 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.

Alpha Architect Correlation With Market

Modest diversification

The correlation between Alpha Architect High and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Architect High and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alpha Etf

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

Moving together with Alpha Etf

0.73	ACIO	Aptus Collared Income	Pair Corr
0.75	ADME	Aptus Drawdown Managed	Pair Corr
0.85	SWAN	Amplify BlackSwan Growth	Pair Corr
0.76	PHDG	Invesco SP 500	Pair Corr
0.74	MSTB	ETF Series Solutions	Pair Corr
0.77	HEGD	Swan Hedged Equity	Pair Corr
0.69	VAMO	Cambria Value	Pair Corr
0.79	HEQT	Simplify Exchange Traded	Pair Corr
0.74	GTR	WisdomTree Target Range	Pair Corr
0.87	PMBS	PIMCO Mortgage Backed	Pair Corr
0.79	ITDD	iShares Trust	Pair Corr
0.88	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.74	BUFD	FT Cboe Vest	Pair Corr
0.76	VBF	Invesco Van Kampen	Pair Corr
0.89	EUSB	iShares Trust	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.76	IBM	International Business Earnings Call This Week	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.73	AXP	American Express	Pair Corr
0.81	JPM	JPMorgan Chase	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.62	MRK	Merck Company	Pair Corr
0.84	PFE	Pfizer Inc	Pair Corr
0.65	BA	Boeing	Pair Corr

Moving against Alpha Etf

0.6	CCOR	Core Alternative ETF	Pair Corr
0.7	MCD	McDonalds	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.44	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DRSK	NTSX	SWAN	FLTB	EDIV	EPP	ACSI	LIAE	FORH	BESF
DRSK		0.98	0.98	0.92	0.93	0.95	0.95	0.58	0.93	-0.59	DRSK
NTSX	0.98		0.99	0.93	0.96	0.97	0.98	0.58	0.95	-0.56	NTSX
SWAN	0.98	0.99		0.96	0.94	0.96	0.96	0.64	0.93	-0.57	SWAN
FLTB	0.92	0.93	0.96		0.87	0.91	0.86	0.73	0.82	-0.6	FLTB
EDIV	0.93	0.96	0.94	0.87		0.97	0.96	0.5	0.97	-0.48	EDIV
EPP	0.95	0.97	0.96	0.91	0.97		0.96	0.51	0.96	-0.61	EPP
ACSI	0.95	0.98	0.96	0.86	0.96	0.96		0.5	0.96	-0.53	ACSI
LIAE	0.58	0.58	0.64	0.73	0.5	0.51	0.5		0.4	-0.29	LIAE
FORH	0.93	0.95	0.93	0.82	0.97	0.96	0.96	0.4		-0.5	FORH
BESF	-0.59	-0.56	-0.57	-0.6	-0.48	-0.61	-0.53	-0.29	-0.5		BESF
	DRSK	NTSX	SWAN	FLTB	EDIV	EPP	ACSI	LIAE	FORH	BESF

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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

SWAN	+ 0.99	NTSX
NTSX	+ 0.98	DRSK
SWAN	+ 0.98	DRSK
ACSI	+ 0.98	NTSX
EPP	+ 0.97	NTSX
EPP	+ 0.97	EDIV

High negative correlations

BESF	- 0.61	EPP
BESF	- 0.6	FLTB
BESF	- 0.59	DRSK
BESF	- 0.57	SWAN
BESF	- 0.56	NTSX
BESF	- 0.53	ACSI

Alpha Architect Constituents Risk-Adjusted Indicators

There is a big difference between Alpha Etf performing well and Alpha Architect 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 Alpha Architect'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
DRSK	0.40	0.05	(0.08)	0.28	0.34	(0.49)	1.01	(0.66)	3.43
NTSX	0.66	0.10	0.08	0.25	0.72	(0.70)	2.00	(1.91)	4.49
SWAN	0.45	0.08	0.00	0.31	0.36	(0.49)	1.01	(0.88)	2.80
FLTB	0.11	0.03	(0.77)	8.04	0.00	(0.13)	0.28	(0.24)	0.58
EDIV	0.48	0.12	0.06	0.47	0.25	(0.57)	1.19	(1.00)	3.31
EPP	0.57	0.20	0.17	0.62	0.16	(0.64)	1.35	(0.92)	4.19
ACSI	0.65	0.01	0.00	0.15	0.64	(0.72)	1.58	(1.06)	4.26
LIAE	0.35	0.03	(0.21)	1.18	0.41	(0.34)	0.76	(0.66)	1.78
FORH	0.55	0.14	0.12	0.42	0.00	(0.69)	1.30	(0.80)	4.33
BESF	0.95	0.29	0.13	7.22	0.93	(1.06)	2.18	(1.94)	4.43

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