Swan Hedged Correlations

HEGD Etf  USD 22.91  0.13  0.56%   
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 0.93 (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.
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
  0.83VAMO Cambria ValuePairCorr
  0.98HEQT Simplify Exchange TradedPairCorr
  0.96GTR WisdomTree Target RangePairCorr
  0.93USD ProShares Ultra SemiPairCorr
  0.99FNGO MicroSectors FANG IndexPairCorr
  0.9GBTC Grayscale Bitcoin TrustPairCorr
  0.99FNGG Direxion Daily SelectPairCorr
  0.94CRPT First Trust SkyBridgePairCorr
  0.9BITO ProShares BitcoinPairCorr
  0.93BULZ MicroSectors SolactivePairCorr
  0.95BITS Global X BlockchainPairCorr
  0.97DFEN Direxion Daily AerospacePairCorr
  0.91CBTJ Calamos Bitcoin 80PairCorr
  0.81BLLD JPMorganPairCorr
  0.98VOLT Tema Electrification ETFPairCorr
  0.8OBND SSGA Active TrustPairCorr
  0.99QGRW WisdomTree TrustPairCorr
  0.93NIKL Sprott Nickel MinersPairCorr
  0.9NFXL Direxion Daily NFLXPairCorr
  0.94DMCY Democracy InternationalPairCorr
  0.95IXUS iShares Core MSCIPairCorr
  0.9ARKB ARK 21Shares BitcoinPairCorr
  0.96FRNW Fidelity Covington Trust Low VolatilityPairCorr
  0.96FMIL Fidelity New Millennium Low VolatilityPairCorr
  0.92IPAC iShares Core MSCIPairCorr
  0.93DCPE DoubleLine Shiller CAPEPairCorr
  0.92EURL Direxion Daily FTSEPairCorr
  0.95FNDC Schwab FundamentalPairCorr
  0.91FID First Trust IntlPairCorr
  0.95BTFD Valkyrie Bitcoin StrategyPairCorr
  0.86SPD Simplify Equity PLUSPairCorr

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   
HEQTSWAN
MSTBSPD
MSTBHEQT
MSTBSWAN
SPDHEQT
SPDSWAN
  
High negative correlations   
SPDPHDG
MSTBPHDG

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.