Cambria Global Correlations

GAA Etf

USD 29.17 0.10 0.34%

The current 90-days correlation between Cambria Global Asset and Cambria Global Momentum is 0.71 (i.e., Poor diversification). The correlation of Cambria Global 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.

Cambria Global Correlation With Market

Poor diversification

The correlation between Cambria Global Asset and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Global Asset 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 Cambria Global Asset. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Cambria Etf

0.94	AOA	iShares Core Aggressive	Pair Corr
0.87	RLY	SPDR SSgA Multi	Pair Corr
0.95	GAL	SPDR SSgA Global	Pair Corr
0.81	PPI	Investment Managers	Pair Corr
0.85	GYLD	Arrow ETF Trust	Pair Corr
0.91	FCEF	First Trust Income	Pair Corr
0.76	SHLD	Global X Funds	Pair Corr
0.87	DUKH	Ocean Park High	Pair Corr
0.75	WINN	Harbor Long Term	Pair Corr
0.93	LSAT	Two Roads Shared	Pair Corr
0.72	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.75	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.8	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.87	HD	Home Depot	Pair Corr
0.9	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.75	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.91	AXP	American Express Earnings Call This Week	Pair Corr

Moving against Cambria Etf

0.75	FNGD	MicroSectors FANG Index	Pair Corr
0.65	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	GMOM	GVAL	FYLD	TRTY	EYLD
GMOM		0.87	0.95	0.98	0.84	GMOM
GVAL	0.87		0.94	0.89	0.87	GVAL
FYLD	0.95	0.94		0.96	0.9	FYLD
TRTY	0.98	0.89	0.96		0.85	TRTY
EYLD	0.84	0.87	0.9	0.85		EYLD
	GMOM	GVAL	FYLD	TRTY	EYLD

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Cambria Global Constituents Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Global 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 Global'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
GMOM	0.94	(0.09)	(0.04)	0.03	1.38	(0.92)	1.70	(1.91)	6.91
GVAL	0.74	(0.04)	(0.07)	0.04	1.04	(0.70)	1.50	(1.67)	4.67
FYLD	0.81	(0.07)	(0.05)	0.04	1.22	(0.77)	1.55	(2.09)	4.85
TRTY	0.54	(0.06)	(0.12)	0.01	0.78	(0.52)	0.94	(1.40)	2.85
EYLD	1.01	(0.11)	0.00	(0.03)	0.00	0.00	2.12	(1.83)	5.66

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