AdvisorShares Correlations

DWMC Etf

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The current 90-days correlation between AdvisorShares and First Trust Dorsey is 0.25 (i.e., Modest 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 DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AdvisorShares and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities 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 population.

Moving together with AdvisorShares Etf

0.8	VB	Vanguard Small Cap	Pair Corr
0.74	IJR	iShares Core SP	Pair Corr
0.78	IWM	iShares Russell 2000 Sell-off Trend	Pair Corr
0.78	VRTIX	Vanguard Russell 2000	Pair Corr
0.79	VTWO	Vanguard Russell 2000 Sell-off Trend	Pair Corr
0.78	FNDA	Schwab Fundamental Small	Pair Corr
0.74	SPSM	SPDR Portfolio SP	Pair Corr
0.8	DFAS	Dimensional Small Cap	Pair Corr
0.74	VIOO	Vanguard SP Small	Pair Corr
0.77	PRFZ	Invesco FTSE RAFI	Pair Corr
0.8	ARKW	ARK Next Generation	Pair Corr
0.7	WTMF	WisdomTree Managed	Pair Corr
0.69	EWC	iShares MSCI Canada	Pair Corr
0.8	BST	BlackRock Science Tech	Pair Corr
0.81	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.87	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.86	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against AdvisorShares Etf

0.54	IRET	Tidal Trust II	Pair Corr
0.35	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.78	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.35	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.35	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DVLU	DALI	DWAT	SQLV	DWCR
DVLU		0.95	0.88	0.92	-0.57	DVLU
DALI	0.95		0.92	0.93	-0.65	DALI
DWAT	0.88	0.92		0.79	-0.56	DWAT
SQLV	0.92	0.93	0.79		-0.7	SQLV
DWCR	-0.57	-0.65	-0.56	-0.7		DWCR
	DVLU	DALI	DWAT	SQLV	DWCR

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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

DALI	+ 0.95	DVLU
SQLV	+ 0.93	DALI
SQLV	+ 0.92	DVLU
DWAT	+ 0.92	DALI
DWAT	+ 0.88	DVLU
SQLV	+ 0.79	DWAT

High negative correlations

DWCR	- 0.7	SQLV
DWCR	- 0.65	DALI
DWCR	- 0.57	DVLU
DWCR	- 0.56	DWAT

AdvisorShares Constituents 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
DVLU	0.79	(0.04)	(0.03)	0.08	0.81	(0.91)	1.66	(1.61)	4.45
DALI	0.83	0.03	0.05	0.14	0.92	(0.91)	1.67	(1.53)	5.33
DWAT	0.62	0.09	(0.03)	(1.31)	0.73	(0.68)	1.12	(1.57)	5.24
SQLV	0.96	(0.02)	0.04	0.10	0.83	(1.17)	1.98	(1.50)	8.19
DWCR	0.73	(0.12)	0.00	(0.35)	0.00	0.00	1.51	(1.77)	4.87

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.

First Trust Dorsey First Trust Dorsey Arrow DWA Tactical Royce Quant Small Cap Arrow DWA Tactical American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

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