SanJac Alpha Correlations

SJCP Etf

24.98 0.02 0.08%

The current 90-days correlation between SanJac Alpha Core and Valued Advisers Trust is 0.14 (i.e., Average diversification). The correlation of SanJac Alpha 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.

SanJac Alpha Correlation With Market

Average diversification

The correlation between SanJac Alpha Core and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SanJac Alpha Core and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SanJac Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SanJac Alpha Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with SanJac Etf

0.82	IUSB	iShares Core Total	Pair Corr
0.77	FIXD	First Trust TCW	Pair Corr
0.87	FBND	Fidelity Total Bond	Pair Corr
0.75	TOTL	SPDR DoubleLine Total	Pair Corr
0.81	HTRB	Hartford Total Return	Pair Corr
0.89	DRSK	Aptus Defined Risk	Pair Corr
0.86	GTO	Invesco Total Return	Pair Corr
0.82	EUSB	iShares Trust	Pair Corr
0.83	JCPB	JPMorgan Core Plus	Pair Corr
0.79	VBND	Vident Core Bond	Pair Corr
0.85	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.9	USD	ProShares Ultra Semi	Pair Corr
0.9	DFEN	Direxion Daily Aerospace	Pair Corr
0.89	DUSL	Direxion Daily Indus	Pair Corr
0.75	DIG	ProShares Ultra Oil	Pair Corr
0.91	FNGO	MicroSectors FANG Index	Pair Corr
0.73	KGRN	KraneShares MSCI China	Pair Corr
0.75	INTC	Intel Earnings Call This Week	Pair Corr
0.84	DIS	Walt Disney	Pair Corr
0.84	IBM	International Business Earnings Call This Week	Pair Corr
0.9	BAC	Bank of America	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.89	PFE	Pfizer Inc	Pair Corr
0.82	CVX	Chevron Corp	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.87	BA	Boeing	Pair Corr
0.88	AXP	American Express	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.82	MMM	3M Company	Pair Corr

Moving against SanJac Etf

0.57	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.51	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	MBSF	DIAL	IG	DMBS	VABS	VBND	MINT	VCRB	DUKH
MBSF		0.9	0.89	0.79	0.9	0.83	0.85	0.84	0.85	MBSF
DIAL	0.9		0.98	0.85	0.97	0.9	0.92	0.91	0.93	DIAL
IG	0.89	0.98		0.9	0.93	0.95	0.87	0.95	0.89	IG
DMBS	0.79	0.85	0.9		0.78	0.97	0.64	0.98	0.7	DMBS
VABS	0.9	0.97	0.93	0.78		0.84	0.96	0.85	0.95	VABS
VBND	0.83	0.9	0.95	0.97	0.84		0.73	0.99	0.78	VBND
MINT	0.85	0.92	0.87	0.64	0.96	0.73		0.72	0.97	MINT
VCRB	0.84	0.91	0.95	0.98	0.85	0.99	0.72		0.76	VCRB
DUKH	0.85	0.93	0.89	0.7	0.95	0.78	0.97	0.76		DUKH
	MBSF	DIAL	IG	DMBS	VABS	VBND	MINT	VCRB	DUKH

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SanJac Alpha Constituents Risk-Adjusted Indicators

There is a big difference between SanJac Etf performing well and SanJac Alpha 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 SanJac Alpha'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
MBSF	0.14	0.00	(0.74)	0.22	0.12	(0.16)	0.35	(0.28)	1.03
DIAL	0.20	0.03	(0.31)	0.36	0.07	(0.23)	0.44	(0.39)	1.31
IG	0.29	0.01	(0.24)	0.22	0.31	(0.29)	0.75	(0.58)	1.59
DMBS	0.28	0.00	(0.33)	0.16	0.30	(0.29)	0.47	(0.58)	1.36
VABS	0.11	0.03	(0.69)	(0.96)	0.00	(0.12)	0.25	(0.24)	0.66
VBND	0.29	0.00	(0.29)	0.17	0.31	(0.29)	0.57	(0.51)	1.25
MINT	0.02	0.01	(8.85)	2.97	0.00	(0.03)	0.06	(0.01)	0.10
VCRB	0.25	0.01	(0.35)	0.22	0.24	(0.25)	0.47	(0.54)	1.28
DUKH	0.14	0.03	(0.37)	0.38	0.00	(0.17)	0.37	(0.25)	1.35

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