Cambria Tail Correlations

TAIL Etf

USD 11.49 0.04 0.35%

The current 90-days correlation between Cambria Tail Risk and Simplify Equity PLUS is 0.05 (i.e., Significant diversification). 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

Good diversification

The correlation between Cambria Tail Risk and DJI is -0.03 (i.e., Good diversification) 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

0.77	SH	ProShares Short SP500 Potential Growth	Pair Corr
0.81	SPXU	ProShares UltraPro Short	Pair Corr
0.8	SDS	ProShares UltraShort	Pair Corr
0.81	SPXS	Direxion Daily SP	Pair Corr
0.65	QID	ProShares UltraShort QQQ	Pair Corr
0.69	RWM	ProShares Short Russ	Pair Corr
0.76	SPDN	Direxion Daily SP Potential Growth	Pair Corr
0.65	DOG	ProShares Short Dow30	Pair Corr

Moving against Cambria Etf

0.78	UPRO	ProShares UltraPro SP500 Sell-off Trend	Pair Corr
0.78	SPXL	Direxion Daily SP500 Sell-off Trend	Pair Corr
0.7	SMH	VanEck Semiconductor ETF	Pair Corr
0.58	QLD	ProShares Ultra QQQ Sell-off Trend	Pair Corr
0.41	ROM	ProShares Ultra Tech	Pair Corr
0.34	TECL	Direxion Daily Technology	Pair Corr
0.85	ITDJ	iShares Trust	Pair Corr
0.85	QLC	FlexShares Quality Large	Pair Corr
0.81	CSD	Invesco SP Spin	Pair Corr
0.81	SCZ	iShares MSCI EAFE	Pair Corr
0.8	CPER	United States Copper Buyout Trend	Pair Corr
0.79	PSI	Invesco Dynamic Semi	Pair Corr
0.73	GTR	WisdomTree Target Range	Pair Corr
0.69	SOXX	iShares Semiconductor ETF Sell-off Trend	Pair Corr
0.65	SIL	Global X Silver	Pair Corr
0.63	ECOW	Pacer Emerging Markets	Pair Corr
0.63	JADE	JP Morgan Exchange	Pair Corr
0.61	VOO	Vanguard SP 500	Pair Corr
0.59	ZSB	USCF Sustainable Battery	Pair Corr
0.55	QQH	HCM Defender 100	Pair Corr
0.5	GBUG	Sprott Active Gold	Pair Corr
0.46	FSST	Fidelity Sustainability	Pair Corr
0.86	FLCV	Federated Hermes ETF	Pair Corr
0.84	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.8	TJUL	Innovator Etfs Trust	Pair Corr
0.8	SMLV	SPDR SSGA Small	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.53	-0.61	0.51	-0.55	0.22	-0.16	-0.53	-0.6	META
MSFT	0.66		0.83	-0.52	0.37	-0.19	0.05	-0.34	-0.77	-0.61	MSFT
UBER	0.53	0.83		-0.61	0.56	-0.23	-0.18	-0.32	-0.85	-0.6	UBER
F	-0.61	-0.52	-0.61		-0.69	0.49	0.32	0.44	0.68	0.75	F
T	0.51	0.37	0.56	-0.69		-0.45	-0.53	-0.26	-0.51	-0.48	T
A	-0.55	-0.19	-0.23	0.49	-0.45		-0.2	-0.27	0.4	0.19	A
CRM	0.22	0.05	-0.18	0.32	-0.53	-0.2		0.41	0.11	0.2	CRM
JPM	-0.16	-0.34	-0.32	0.44	-0.26	-0.27	0.41		0.38	0.44	JPM
MRK	-0.53	-0.77	-0.85	0.68	-0.51	0.4	0.11	0.38		0.66	MRK
XOM	-0.6	-0.61	-0.6	0.75	-0.48	0.19	0.2	0.44	0.66		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

UBER	+ 0.83	MSFT
XOM	+ 0.75	F
MRK	+ 0.68	F
MSFT	+ 0.66	META
XOM	+ 0.66	MRK
T	+ 0.56	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.77	MSFT
T	- 0.69	F
F	- 0.61	UBER
XOM	- 0.61	MSFT
F	- 0.61	META

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	1.38	(0.27)	0.00	(0.20)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.35)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.68	(1.65)	3.38	(2.63)	16.30
T	0.95	(0.22)	0.00	(0.71)	0.00	0.00	1.61	(2.18)	5.75
A	1.23	0.08	0.06	0.15	1.26	(1.33)	2.34	(2.21)	11.03
CRM	1.54	0.05	0.03	0.13	1.98	(1.51)	3.66	(2.92)	9.91
JPM	1.05	(0.02)	0.00	0.06	1.39	(1.07)	2.00	(1.91)	7.02
MRK	1.44	0.40	0.28	0.54	1.07	(1.80)	4.85	(2.06)	11.45
XOM	0.94	0.05	(0.01)	0.28	0.98	(1.01)	1.96	(1.51)	4.99

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