Cambria Global Correlations

Etfs . USA . 
Etf . Cambria Global Asset
GAA Etf  USD 26.71  0.01  0.0375%   
The correlation of Cambria Global is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambria Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambria Global Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Risk vs Return Analysis. For information on how to trade Cambria Etf refer to our How to Trade Cambria Etf guide.
  
The ability to find closely correlated positions to Cambria Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cambria Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cambria Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cambria Global Asset to buy it.

Moving together with Cambria Global

+0.69AOAIShares Core AggressivePairCorr
+0.78RPARRPAR Risk ParityPairCorr
+0.93RLYSPDR SSgA Multi-AssetPairCorr
+0.88GMOMCambria Global MomentumPairCorr
+0.83DALTAnfield Capital DivePairCorr
+0.7PPIInvestment ManagersPairCorr
+0.79UPARTidal ETF TrustPairCorr
+0.83GREIGoldman Sachs FuturePairCorr
+0.84DHFBNY Mellon HighPairCorr
+0.85ARPAdvisors Inner CirclePairCorr
+0.77IGAVoya Global AdvantagePairCorr
+0.65SMIVanEck Vectors ETFPairCorr
+0.73BHKBlackRock Core BondPairCorr

Moving against Cambria Global

-0.64FNTCDirexion Daily FintechPairCorr

Top Constituents Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
MBBB
+ 0.94
HTRB
HTUS
+ 0.87
ZHDG
MBCC
+ 0.83
ZHDG
MBCC
+ 0.82
Z
Z
+ 0.81
ZHDG
MBBB
+ 0.74
MBCC
  
High negative correlations   
BZDYF
- 0.33
HTUS
BZDYF
- 0.21
MBCC
BZDYF
- 0.2
ZHDG
BZDYF
- 0.1
MBBB
BZDYF
- 0.0
DHDG
MBBB
- 0.0
DHDG

Cambria Global Constituents Risk-Adjusted Indicators

Nowadays, there is a big difference between Cambria Etf performing well and Cambria Global ETF doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Cambria Global's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
ZHDG 0.71  0.03  0.03  0.01  0.81  0.0334 (0.83)  1.44 (1.41)  3.73 
HTRB 0.42  0.02  0.11 (0.88)  0.39  0.09 (0.49)  0.98 (0.72)  2.16 
DHDG 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
Z 2.37  0.43  0.15  0.23  2.50  0.14 (2.49)  4.90 (4.20)  13.99 
HTUS 0.98  0.02  0.02  0.00  1.26  0.0171 (0.96)  1.74 (2.08)  4.91 
MBCC 0.80  0.04  0.07 (0.24)  0.92  0.07 (0.78)  1.58 (1.42)  4.44 
MBBB 0.41  0.02  0.10  0.18  0.39  0.09 (0.51)  0.93 (0.82)  2.33 
BZDYF 0.95 (0.03)  0.00 (0.34)  0.00 (0.006)  0.00  3.89 (1.35)  5.24 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cambria Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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The danger of trading Cambria Global Asset is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cambria Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cambria Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cambria Global Asset is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis. For information on how to trade Cambria Etf refer to our How to Trade Cambria Etf guide. Note that the Cambria Global Asset information on this page should be used as a complementary analysis to other Cambria Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Cambria Etf analysis

When running Cambria Global Asset price analysis, check to measure Cambria Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cambria Global is operating at the current time. Most of Cambria Global's value examination focuses on studying past and present price action to predict the probability of Cambria Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cambria Global's price. Additionally, you may evaluate how the addition of Cambria Global to your portfolios can decrease your overall portfolio volatility.
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The market value of Cambria Global Asset is measured differently than its book value, which is the value of Cambria that is recorded on the company's balance sheet. Investors also form their own opinion of Cambria Global's value that differs from its market value or its book value, called intrinsic value, which is Cambria Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cambria Global's market value can be influenced by many factors that don't directly affect Cambria Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Cambria Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Cambria Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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