Cambria Tail Correlations

TAIL Etf

USD 11.70 0.04 0.34%

The current 90-days correlation between Cambria Tail Risk and AIM ETF Products is -0.83 (i.e., Pay attention - limited upside). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambria Tail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambria Tail Risk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cambria Tail Correlation With Market

Pay attention - limited upside

The correlation between Cambria Tail Risk and DJI is -0.84 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Tail Risk and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cambria Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cambria Tail Risk. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Cambria Etf

0.84	SH	ProShares Short SP500 Sell-off Trend	Pair Corr
0.89	SPXU	ProShares UltraPro Short Sell-off Trend	Pair Corr
0.88	SDS	ProShares UltraShort	Pair Corr
0.89	SPXS	Direxion Daily SP Sell-off Trend	Pair Corr
0.65	QID	ProShares UltraShort QQQ Aggressive Push	Pair Corr
0.86	RWM	ProShares Short Russ	Pair Corr
0.82	SPDN	Direxion Daily SP Aggressive Push	Pair Corr
0.85	DOG	ProShares Short Dow30 Sell-off Trend	Pair Corr

Moving against Cambria Etf

0.92	VTI	Vanguard Total Stock	Pair Corr
0.92	SPY	SPDR SP 500	Pair Corr
0.92	IVV	iShares Core SP	Pair Corr
0.92	TOT	Advisor Managed Port	Pair Corr
0.7	VTV	Vanguard Value Index	Pair Corr
0.93	SIXJ	AIM ETF Products	Pair Corr
0.85	VO	Vanguard Mid Cap	Pair Corr
0.84	TLCI	Touchstone ETF Trust	Pair Corr
0.83	FPXE	First Trust IPOX	Pair Corr
0.82	ESML	iShares ESG Aware	Pair Corr
0.78	WLDR	Affinity World Leaders	Pair Corr
0.7	CCNR	CoreCommodity Natural	Pair Corr
0.7	DBA	Invesco DB Agriculture	Pair Corr
0.69	FNDC	Schwab Fundamental	Pair Corr
0.66	XFIX	Fm Investments Symbol Change	Pair Corr
0.66	TAXT	Northern Trust Tax	Pair Corr
0.66	BSMS	Invesco BulletShares 2028	Pair Corr
0.66	EWT	iShares MSCI Taiwan	Pair Corr
0.64	REGL	ProShares SP MidCap	Pair Corr
0.63	DFSD	Dimensional ETF Trust	Pair Corr
0.6	UDI	USCF ETF Trust	Pair Corr
0.57	LVHI	Franklin International	Pair Corr
0.93	JANW	AIM ETF Products	Pair Corr
0.93	PSFD	Pacer Swan SOS	Pair Corr
0.89	XYLD	Global X SP	Pair Corr
0.84	PFF	iShares Preferred	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

Cambria Tail Competition Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Tail 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 Cambria Tail'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
META	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

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