Swan Hedged Correlations

HEGD Etf

USD 25.30 0.06 0.24%

The current 90-days correlation between Swan Hedged Equity and Pacer Funds Trust is 0.74 (i.e., 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

Poor diversification

The correlation between Swan Hedged Equity and DJI is 0.78 (i.e., Poor 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 rate.

Moving together with Swan Etf

0.66	ACIO	Aptus Collared Income	Pair Corr
0.87	ADME	Aptus Drawdown Managed	Pair Corr
0.91	SWAN	Amplify BlackSwan Growth	Pair Corr
0.93	PHDG	Invesco SP 500	Pair Corr
0.79	MSTB	ETF Series Solutions	Pair Corr
0.97	HEQT	Simplify Exchange Traded	Pair Corr
0.87	KORU	Direxion Daily South	Pair Corr
0.88	MUU	Direxion Daily MU	Pair Corr
0.88	MULL	GraniteShares 2x Long	Pair Corr
0.66	AGQ	ProShares Ultra Silver Buyout Trend	Pair Corr
0.94	SCHX	Schwab Large Cap Sell-off Trend	Pair Corr
0.83	FIAX	Nicholas Fixed Income	Pair Corr
0.81	FELV	Fidelity Covington Trust	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.82	AXP	American Express	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.66	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Swan Etf

0.79	T	ATT Inc	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.62	VZ	Verizon Communications	Pair Corr
0.46	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.41	DIS	Walt Disney	Pair Corr
0.41	BA	Boeing	Pair Corr
0.36	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PSFF	OSEA	QCLN	EQL	CFA	JUST	SIXH	PTL	BALI	ROUS
PSFF		0.66	0.7	0.77	0.51	0.95	0.26	0.74	0.94	0.85	PSFF
OSEA	0.66		0.8	0.68	0.41	0.74	-0.2	0.6	0.63	0.66	OSEA
QCLN	0.7	0.8		0.54	0.22	0.72	-0.23	0.56	0.62	0.63	QCLN
EQL	0.77	0.68	0.54		0.89	0.74	0.42	0.85	0.79	0.92	EQL
CFA	0.51	0.41	0.22	0.89		0.47	0.53	0.83	0.58	0.82	CFA
JUST	0.95	0.74	0.72	0.74	0.47		0.1	0.72	0.96	0.83	JUST
SIXH	0.26	-0.2	-0.23	0.42	0.53	0.1		0.25	0.23	0.34	SIXH
PTL	0.74	0.6	0.56	0.85	0.83	0.72	0.25		0.78	0.91	PTL
BALI	0.94	0.63	0.62	0.79	0.58	0.96	0.23	0.78		0.88	BALI
ROUS	0.85	0.66	0.63	0.92	0.82	0.83	0.34	0.91	0.88		ROUS
	PSFF	OSEA	QCLN	EQL	CFA	JUST	SIXH	PTL	BALI	ROUS

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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

BALI	+ 0.96	JUST
JUST	+ 0.95	PSFF
BALI	+ 0.94	PSFF
ROUS	+ 0.92	EQL
ROUS	+ 0.91	PTL
CFA	+ 0.89	EQL

High negative correlations

SIXH	- 0.23	QCLN
SIXH	- 0.2	OSEA

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSFF	0.23	0.00	(0.17)	0.08	0.15	(0.27)	0.51	(0.35)	1.23
OSEA	0.65	(0.03)	(0.05)	0.04	0.78	(0.69)	1.10	(1.36)	3.26
QCLN	1.73	0.13	0.08	0.13	2.13	(1.68)	2.98	(3.89)	13.58
EQL	0.47	(0.03)	(0.07)	0.03	0.58	(0.45)	0.95	(0.86)	2.82
CFA	0.54	(0.05)	(0.09)	0.00	0.70	(0.52)	1.02	(1.14)	2.87
JUST	0.55	(0.01)	(0.02)	0.05	0.81	(0.53)	1.15	(1.06)	3.36
SIXH	0.38	(0.01)	(0.13)	0.03	0.41	(0.41)	0.86	(0.79)	2.04
PTL	0.72	(0.06)	(0.05)	0.01	1.03	(0.74)	1.27	(1.78)	4.71
BALI	0.44	(0.02)	(0.05)	0.04	0.63	(0.42)	1.14	(0.91)	3.11
ROUS	0.56	(0.03)	(0.04)	0.04	0.79	(0.51)	1.00	(1.35)	3.03

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