WBI BullBear Correlations

WBIF Etf

USD 29.15 0.02 0.07%

The current 90-days correlation between WBI BullBear Value and FT Vest Equity is 0.7 (i.e., Poor diversification). The correlation of WBI BullBear 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.

WBI BullBear Correlation With Market

Very poor diversification

The correlation between WBI BullBear Value and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WBI BullBear Value and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WBI Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WBI BullBear Value. 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 WBI Etf

0.98	TDSC	Cabana Target Drawdown	Pair Corr
0.97	YYY	Amplify High Income	Pair Corr
0.98	FVC	First Trust Dorsey	Pair Corr
0.94	TDSB	Cabana Target Drawdown	Pair Corr
0.91	GMOM	Cambria Global Momentum	Pair Corr
0.94	AGOX	Adaptive Alpha Oppor	Pair Corr
0.97	TACK	Fairlead Tactical Sector	Pair Corr
0.98	DALI	First Trust Dorsey	Pair Corr
0.99	UPRO	ProShares UltraPro SP500	Pair Corr
0.98	QTJA	Innovator ETFs Trust	Pair Corr
0.97	QTOC	Innovator ETFs Trust	Pair Corr
0.98	XTOC	Innovator ETFs Trust	Pair Corr
0.97	QTAP	Innovator Growth 100	Pair Corr
0.98	XTJA	Innovator ETFs Trust	Pair Corr
0.98	XTAP	Innovator Equity Acc	Pair Corr
0.83	KGRN	KraneShares MSCI China	Pair Corr
0.8	INTC	Intel Earnings Call This Week	Pair Corr
0.96	MSFT	Microsoft	Pair Corr
0.94	MMM	3M Company	Pair Corr
0.98	AXP	American Express	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.92	DD	Dupont De Nemours	Pair Corr
0.91	IBM	International Business Earnings Call This Week	Pair Corr
0.97	CAT	Caterpillar	Pair Corr

Moving against WBI Etf

0.61	MCD	McDonalds	Pair Corr
0.54	KO	Coca Cola Earnings Call This Week	Pair Corr
0.48	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DIVN	DJAN	MDLV	DJUL	DJUN	QB
DHDG		0.98	0.96	0.16	0.97	0.89	0.95	0.98	-0.28	DHDG
MBCC	0.98		0.97	0.22	0.99	0.94	0.99	0.99	-0.31	MBCC
DIHP	0.96	0.97		0.2	0.95	0.89	0.93	0.96	-0.31	DIHP
DIVN	0.16	0.22	0.2		0.23	0.34	0.24	0.18	0.52	DIVN
DJAN	0.97	0.99	0.95	0.23		0.96	1.0	0.98	-0.34	DJAN
MDLV	0.89	0.94	0.89	0.34	0.96		0.96	0.91	-0.35	MDLV
DJUL	0.95	0.99	0.93	0.24	1.0	0.96		0.98	-0.35	DJUL
DJUN	0.98	0.99	0.96	0.18	0.98	0.91	0.98		-0.3	DJUN
QB	-0.28	-0.31	-0.31	0.52	-0.34	-0.35	-0.35	-0.3		QB
	DHDG	MBCC	DIHP	DIVN	DJAN	MDLV	DJUL	DJUN	QB

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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

DJUL	+ 1.0	DJAN
DJAN	+ 0.99	MBCC
DJUL	+ 0.99	MBCC
DJUN	+ 0.99	MBCC
MBCC	+ 0.98	DHDG
DJUN	+ 0.98	DHDG

High negative correlations

QB	- 0.35	DJUL
QB	- 0.35	MDLV
QB	- 0.34	DJAN
QB	- 0.31	DIHP
QB	- 0.31	MBCC
QB	- 0.3	DJUN

WBI BullBear Constituents Risk-Adjusted Indicators

There is a big difference between WBI Etf performing well and WBI BullBear 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 WBI BullBear'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
DHDG	0.17	0.05	(0.13)	0.33	0.00	(0.18)	0.79	(0.16)	1.59
MBCC	0.65	0.09	0.09	0.23	0.59	(0.73)	1.56	(1.11)	5.16
DIHP	0.52	0.10	0.03	0.38	0.35	(0.58)	1.22	(1.02)	2.94
DIVN	0.56	0.09	0.00	1.05	0.00	0.00	1.67	(1.29)	2.96
DJAN	0.35	0.06	(0.02)	0.27	0.03	(0.40)	0.87	(0.63)	2.46
MDLV	0.49	0.03	(0.05)	0.19	0.47	(0.49)	1.00	(0.88)	3.44
DJUL	0.45	0.10	0.08	0.30	0.16	(0.53)	1.16	(0.90)	3.59
DJUN	0.48	0.06	0.02	0.22	0.36	(0.52)	1.34	(1.16)	4.09
QB	0.16	0.02	(0.74)	1.09	0.00	(0.24)	0.55	(0.25)	0.77

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