Swan Hedged Correlations

Etfs . USA . 
Etf . Swan Hedged Equity
HEGD Etf  USD 23.04  0.03  0.13%   
The current 90-days correlation between Swan Hedged Equity and Amplify BlackSwan Growth is 0.84 (i.e., Very 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

Almost no diversification

The correlation between Swan Hedged Equity and DJI is 0.91 (i.e., Almost no 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

  0.97ACIO Aptus Collared IncomePairCorr
  0.95ADME Aptus Drawdown ManagedPairCorr
  0.94SWAN Amplify BlackSwan GrowthPairCorr
  0.94MSTB ETF Series SolutionsPairCorr
  0.84VAMO Cambria ValuePairCorr
  0.98HEQT Simplify Exchange TradedPairCorr
  0.83GTR WisdomTree Target RangePairCorr
  0.98ARKW ARK Next GenerationPairCorr
  0.9WTMF WisdomTree ManagedPairCorr
  0.95EWC iShares MSCI CanadaPairCorr
  0.98BST BlackRock Science TechPairCorr
  0.98AUGW AIM ETF ProductsPairCorr
  0.8BA BoeingPairCorr
  0.83MSFT Microsoft Aggressive PushPairCorr
  0.86IBM International Business Sell-off TrendPairCorr
  0.76HD Home DepotPairCorr
  0.67MMM 3M CompanyPairCorr
  0.85DIS Walt DisneyPairCorr
  0.86CAT CaterpillarPairCorr

Moving against Swan Etf

  0.77HUM Humana IncPairCorr

Related Correlations Analysis

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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   
HEQT
+ 0.96
SWAN
MSTB
+ 0.96
SPD
MSTB
+ 0.86
HEQT
MSTB
+ 0.8
SWAN
SPD
+ 0.76
HEQT
SPD
+ 0.69
SWAN
  
High negative correlations   
SPD
- 0.54
PHDG
MSTB
- 0.35
PHDG

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.

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