Princeton Fund Correlations
| AILG Etf | USD 16.99 0.00 0.00% |
The current 90-days correlation between Princeton Fund Advisors and Princeton Fund Advisors is 0.74 (i.e., Poor diversification). The correlation of Princeton Fund 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.
Princeton Fund Correlation With Market
Good diversification
The correlation between Princeton Fund Advisors and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Fund Advisors and DJI in the same portfolio, assuming nothing else is changed.
Princeton |
Moving together with Princeton Etf
| 0.71 | VUG | Vanguard Growth Index | PairCorr |
| 0.72 | IWF | iShares Russell 1000 | PairCorr |
| 0.72 | IVW | iShares SP 500 | PairCorr |
| 0.72 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.72 | IUSG | iShares Core SP | PairCorr |
| 0.72 | VONG | Vanguard Russell 1000 | PairCorr |
| 0.69 | MGK | Vanguard Mega Cap | PairCorr |
| 0.72 | VRGWX | Vanguard Russell 1000 | PairCorr |
| 0.7 | QQQM | Invesco NASDAQ 100 | PairCorr |
| 0.7 | IWY | iShares Russell Top | PairCorr |
| 0.76 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.76 | NVDX | T Rex 2X | PairCorr |
| 0.77 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.65 | FNGU | MicroSectors FANG Index | PairCorr |
| 0.7 | WEBL | Direxion Daily Dow | PairCorr |
| 0.69 | BITX | Volatility Shares Trust | PairCorr |
| 0.72 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.64 | WMT | Walmart | PairCorr |
| 0.83 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.65 | DIS | Walt Disney | PairCorr |
| 0.8 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.71 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Princeton Etf
| 0.87 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.73 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.65 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.6 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.6 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.36 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| -0.41 | -0.44 | 0.25 | 0.32 | AILV | ||
| -0.41 | 0.04 | 0.37 | -0.76 | AVLV | ||
| -0.44 | 0.04 | -0.02 | 0.27 | UVDV | ||
| 0.25 | 0.37 | -0.02 | -0.45 | BTHM | ||
| 0.32 | -0.76 | 0.27 | -0.45 | BKCI | ||
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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
| High negative correlations
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Princeton Fund Constituents Risk-Adjusted Indicators
There is a big difference between Princeton Etf performing well and Princeton Fund 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 Princeton Fund'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AILV | 0.79 | (0.10) | 0.00 | 5.01 | 0.00 | 1.40 | 4.32 | |||
| AVLV | 0.56 | 0.02 | 0.03 | 0.04 | 0.63 | 1.25 | 5.11 | |||
| UVDV | 0.39 | 0.03 | 0.02 | 2.98 | 0.45 | 1.09 | 2.82 | |||
| BTHM | 0.90 | 0.07 | 0.03 | (0.38) | 1.19 | 1.89 | 5.19 | |||
| BKCI | 0.65 | (0.14) | 0.00 | (0.36) | 0.00 | 1.32 | 4.72 |
Princeton Fund 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 Princeton Fund etf to make a market-neutral strategy. Peer analysis of Princeton Fund could also be used in its relative valuation, which is a method of valuing Princeton Fund by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |