AdvisorShares Restaurant Correlations

EATZ ETF

USD 25.74 -0.46 -1.76%

Current 90-days correlation between AdvisorShares Restaurant and Litman Gregory Funds is 0.09 (i.e., Very good diversification).When its correlation with a broad index is high, most of the stock's return is explained by market movement.

Market Correlation Signal - AdvisorShares Restaurant

Poor diversification

Across the chosen horizon, AdvisorShares Restaurant and Dow Jones show a correlation of 0.73 and fall into the Poor diversification bucket. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

Build portfolio with AdvisorShares ETF

Use Investing Opportunities to explore diversified allocation structure. All figures are based on reported data and are informational in nature. Tracking AdvisorShares Restaurant ETF in a portfolio helps measure its contribution to overall performance. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence AdvisorShares Restaurant ETF's ETF valuation — related indicators include signals in population.

Moving together with AdvisorShares ETF

0.64	XLY	Consumer Discretionary	Pair Corr
0.79	ITB	iShares Home Construction	Pair Corr
0.66	FDIS	Fidelity MSCI Consumer	Pair Corr
0.8	XHB	SPDR SAMPP Homebuilders	Pair Corr
0.71	IYC	iShares Consumer	Pair Corr
0.64	PEJ	Invesco Dynamic Leisure	Pair Corr
0.82	FXD	First Trust Consumer	Pair Corr
0.83	XRT	SPDR SAMPP Retail Sell-off Trend	Pair Corr
0.7	UPRO	ProShares UltraPro Downward Rally	Pair Corr
0.74	XTOC	Innovator ETFs Trust	Pair Corr
0.67	XTJA	Innovator ETFs Trust	Pair Corr

Moving Against AdvisorShares ETF

0.7	SH	ProShares Short SAMPP500	Pair Corr
0.37	QTAP	Innovator Growth 100	Pair Corr

Related Correlations Analysis

	BEDZ	KPRO	THNR	ION	CDIG	MCHS	CRED	HVAC	GEND	PCEM
BEDZ		0.71	0.63	0.19	0.63	-0.46	-0.35	-0.24	-0.33	-0.27	BEDZ
KPRO	0.71		0.67	0.22	0.5	-0.54	-0.48	-0.32	-0.44	-0.32	KPRO
THNR	0.63	0.67		0.67	0.85	-0.03	-0.02	0.22	0.05	-0.02	THNR
ION	0.19	0.22	0.67		0.8	0.41	0.29	0.54	0.3	0.17	ION
CDIG	0.63	0.5	0.85	0.8		0.06	0.03	0.34	0.1	-0.06	CDIG
MCHS	-0.46	-0.54	-0.03	0.41	0.06		0.91	0.89	0.88	0.72	MCHS
CRED	-0.35	-0.48	-0.02	0.29	0.03	0.91		0.78	0.81	0.78	CRED
HVAC	-0.24	-0.32	0.22	0.54	0.34	0.89	0.78		0.9	0.64	HVAC
GEND	-0.33	-0.44	0.05	0.3	0.1	0.88	0.81	0.9		0.74	GEND
PCEM	-0.27	-0.32	-0.02	0.17	-0.06	0.72	0.78	0.64	0.74		PCEM
	BEDZ	KPRO	THNR	ION	CDIG	MCHS	CRED	HVAC	GEND	PCEM

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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

CRED	+ 0.91	MCHS
GEND	+ 0.9	HVAC
HVAC	+ 0.89	MCHS
GEND	+ 0.88	MCHS
CDIG	+ 0.85	THNR
GEND	+ 0.81	CRED

High negative correlations

MCHS	- 0.54	KPRO
CRED	- 0.48	KPRO
MCHS	- 0.46	BEDZ
GEND	- 0.44	KPRO
CRED	- 0.35	BEDZ
GEND	- 0.33	BEDZ

AdvisorShares Restaurant Constituents Risk-Adjusted Indicators

Evaluating AdvisorShares ETF requires separating price momentum from underlying operating strength versus competitors. Risk-adjusted metrics help compare AdvisorShares Restaurant's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BEDZ	1.10	-0.04	0.00	-0.11	0.00	0.00	1.96	-2.29	5.69
KPRO	0.43	-0.15	0.00	-0.66	0.00	0.00	0.55	-0.95	5.99
THNR	0.93	-0.08	0.00	-0.17	0.00	0.00	1.74	-2.48	5.25
ION	2.28	0.20	0.04	0.03	3.32	-2.27	4.45	-4.90	14.01
CDIG	1.20	0.07	0.00	-0.02	0.00	0.00	2.09	-2.13	6.66
MCHS	1.14	0.19	0.14	0.28	1.44	-1.19	2.62	-2.07	8.57
CRED	0.65	0.05	0.10	0.08	0.97	-0.63	1.21	-1.26	4.78
HVAC	1.58	0.21	0.09	0.08	2.02	-1.60	2.69	-3.45	9.12
GEND	0.57	0.15	0.20	0.16	0.69	-0.59	1.13	-1.46	3.37
PCEM	1.16	0.12	0.11	2.95	1.61	-1.19	2.30	-2.46	7.66

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