AdvisorShares Correlations

The current 90-days correlation between AdvisorShares and Timothy Plan Market is -0.09 (i.e., Good diversification). The correlation of AdvisorShares 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.

AdvisorShares Correlation With Market

Average diversification

The correlation between AdvisorShares and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AdvisorShares and NYA in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against AdvisorShares Etf

0.75	MEME	Roundhill Investments	Pair Corr
0.69	SCIO	First Trust Exchange	Pair Corr
0.63	MPAY	Akros Monthly Payout	Pair Corr
0.62	RSPY	Tuttle Capital Management	Pair Corr
0.56	SAMT	Advisorsa Inner	Pair Corr
0.56	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.54	JIRE	JP Morgan Exchange	Pair Corr
0.52	BFIX	Build Funds Trust	Pair Corr
0.42	DSJA	DSJA	Pair Corr
0.41	SAGP	Advisorsa Inner	Pair Corr
0.4	AMAX	Starboard Investment	Pair Corr
0.34	PRVT	Tidal ETF Services Symbol Change	Pair Corr
0.66	T	ATT Inc Financial Report 24th of July 2024	Pair Corr
0.65	BAC	Bank of America Financial Report 16th of July 2024	Pair Corr
0.54	DD	Dupont De Nemours Financial Report 7th of August 2024	Pair Corr
0.53	PG	Procter Gamble Financial Report 26th of July 2024	Pair Corr
0.51	MMM	3M Company Sell-off Trend	Pair Corr
0.43	MSFT	Microsoft Aggressive Push	Pair Corr
0.4	MRK	Merck Company Financial Report 6th of August 2024	Pair Corr
0.32	GE	GE Aerospace Financial Report 23rd of July 2024	Pair Corr
0.31	BA	Boeing Financial Report 24th of July 2024	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.58	0.64	0.37	-0.1	0.04	0.33	-0.1	-0.33	-0.03	META
MSFT	0.58		0.15	0.09	0.4	0.36	0.08	0.42	0.08	-0.22	MSFT
UBER	0.64	0.15		0.48	-0.44	0.14	0.7	-0.37	-0.52	-0.23	UBER
F	0.37	0.09	0.48		-0.15	0.14	0.49	0.23	0.2	0.46	F
T	-0.1	0.4	-0.44	-0.15		-0.12	-0.55	0.71	0.45	-0.3	T
A	0.04	0.36	0.14	0.14	-0.12		0.69	0.32	-0.01	-0.01	A
CRM	0.33	0.08	0.7	0.49	-0.55	0.69		-0.16	-0.34	0.05	CRM
JPM	-0.1	0.42	-0.37	0.23	0.71	0.32	-0.16		0.5	0.07	JPM
MRK	-0.33	0.08	-0.52	0.2	0.45	-0.01	-0.34	0.5		0.39	MRK
XOM	-0.03	-0.22	-0.23	0.46	-0.3	-0.01	0.05	0.07	0.39		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

JPM	+ 0.71	T
CRM	+ 0.7	UBER
CRM	+ 0.69	A
UBER	+ 0.64	META
MSFT	+ 0.58	META
MRK	+ 0.5	JPM

High negative correlations

CRM	- 0.55	T
MRK	- 0.52	UBER
T	- 0.44	UBER
JPM	- 0.37	UBER
MRK	- 0.34	CRM
MRK	- 0.33	META

AdvisorShares Competition Risk-Adjusted Indicators

There is a big difference between AdvisorShares Etf performing well and AdvisorShares 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 AdvisorShares' 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	1.40	0.09	0.04	0.10	2.32	(1.45)	3.04	(2.28)	13.90
MSFT	0.96	0.13	0.10	0.16	1.19	(1.02)	1.94	(2.07)	6.04
UBER	1.59	(0.08)	0.00	(0.07)	0.00	0.00	2.99	(2.87)	9.02
F	1.37	0.02	0.01	0.01	1.90	(1.45)	3.06	(3.59)	10.93
T	0.82	0.04	0.04	0.08	0.86	(0.90)	1.89	(1.37)	4.73
A	1.25	(0.15)	0.00	(0.11)	0.00	0.00	2.07	(2.20)	13.61
CRM	1.47	(0.36)	0.00	(0.30)	0.00	0.00	2.63	(2.96)	23.62
JPM	0.99	0.03	0.02	0.03	1.65	(1.01)	1.94	(1.78)	8.41
MRK	0.71	0.09	0.11	0.18	0.70	(0.83)	2.29	(1.22)	7.59
XOM	0.84	0.03	0.03	0.05	1.03	(0.88)	1.77	(1.89)	5.27

AdvisorShares Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AdvisorShares etf to make a market-neutral strategy. Peer analysis of AdvisorShares could also be used in its relative valuation, which is a method of valuing AdvisorShares by comparing valuation metrics with similar companies.

Timothy Plan Market Invesco Aaa Clo Aquagold International Morningstar Unconstrained Allocation High Yield Municipal Fund Thrivent High Yield Sparta Capital Via Renewables T Rowe Price Oshidori International Holdings American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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