DGA Core Correlations

HF Etf

USD 21.02 0.16 0.76%

The current 90-days correlation between DGA Core Plus and Draco Evolution AI is 0.69 (i.e., Poor diversification). The correlation of DGA Core 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.

DGA Core Correlation With Market

Poor diversification

The correlation between DGA Core Plus and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DGA Core Plus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DGA Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in DGA Core Plus. 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 DGA Etf

0.98	OCIO	ClearShares OCIO ETF	Pair Corr
0.96	MFUL	Collaborative Investment	Pair Corr
0.95	MPRO	Northern Lights	Pair Corr
0.67	RULE	Collaborative Investment	Pair Corr
0.95	UPAR	Tidal ETF Trust	Pair Corr
0.98	CLSM	Cabana Target Leading	Pair Corr
0.94	CPST	Calamos ETF Trust	Pair Corr
0.93	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.73	AMPD	Tidal ETF Services	Pair Corr
0.85	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.89	GE	GE Aerospace	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.86	INTC	Intel	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.88	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr

Moving against DGA Etf

0.78	KO	Coca Cola	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.57	BA	Boeing	Pair Corr

Related Correlations Analysis

	DRAI	VIXM	VIXY	FAAR	FARX	WTMF	FFUT	WZRD
DRAI		-0.64	-0.52	0.55	0.8	0.76	0.83	-0.86	DRAI
VIXM	-0.64		0.91	-0.88	-0.88	-0.88	-0.84	0.73	VIXM
VIXY	-0.52	0.91		-0.94	-0.83	-0.91	-0.77	0.59	VIXY
FAAR	0.55	-0.88	-0.94		0.88	0.91	0.8	-0.66	FAAR
FARX	0.8	-0.88	-0.83	0.88		0.95	0.95	-0.86	FARX
WTMF	0.76	-0.88	-0.91	0.91	0.95		0.92	-0.8	WTMF
FFUT	0.83	-0.84	-0.77	0.8	0.95	0.92		-0.86	FFUT
WZRD	-0.86	0.73	0.59	-0.66	-0.86	-0.8	-0.86		WZRD
	DRAI	VIXM	VIXY	FAAR	FARX	WTMF	FFUT	WZRD

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

WTMF	+ 0.95	FARX
FFUT	+ 0.95	FARX
FFUT	+ 0.92	WTMF
VIXY	+ 0.91	VIXM
WTMF	+ 0.91	FAAR
FARX	+ 0.88	FAAR

High negative correlations

FAAR	- 0.94	VIXY
WTMF	- 0.91	VIXY
WTMF	- 0.88	VIXM
FARX	- 0.88	VIXM
FAAR	- 0.88	VIXM
WZRD	- 0.86	FFUT

DGA Core Constituents Risk-Adjusted Indicators

There is a big difference between DGA Etf performing well and DGA Core 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 DGA Core'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
DRAI	0.54	0.04	0.03	0.11	0.76	(0.56)	1.18	(1.09)	4.11
VIXM	0.67	(0.01)	0.00	0.06	0.00	0.00	1.50	(1.67)	5.71
VIXY	1.56	(0.31)	0.00	0.17	0.00	0.00	2.05	(4.09)	15.74
FAAR	0.58	0.11	0.08	3.67	0.49	(0.64)	1.24	(1.12)	3.19
FARX	0.24	0.04	0.00	0.20	0.12	(0.28)	0.47	(0.43)	1.39
WTMF	0.34	0.08	0.13	0.21	0.09	(0.40)	0.83	(0.56)	1.95
FFUT	0.32	0.04	(0.02)	0.43	0.35	(0.32)	0.71	(0.68)	2.15
WZRD	1.08	(0.15)	0.00	(1.89)	0.00	0.00	2.31	(2.58)	8.28

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