Global X Correlations

Etfs . USA . 
Etf . Global X Adaptive
AUSF Etf  USD 41.92  0.08  0.19%   
The current 90-days correlation between Global X Adaptive and Global X Conscious is 0.18 (i.e., Average diversification). The correlation of Global X 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.

Global X Correlation With Market

Average diversification

The correlation between Global X Adaptive and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Adaptive and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Adaptive. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Global Etf

  0.87VOE Vanguard Mid CapPairCorr
  0.93IWS iShares Russell MidPairCorr
  0.77SPYD SPDR Portfolio SPPairCorr
  0.87COWZ Pacer Cash CowsPairCorr
  0.9IJJ iShares SP MidPairCorr
  0.92DON WisdomTree MidCapPairCorr
  0.87RPV Invesco SP 500PairCorr
  0.9PEY Invesco High YieldPairCorr
  0.91PKW Invesco BuyBack AchieversPairCorr
  0.71VTI Vanguard Total StockPairCorr
  0.67SPY SPDR SP 500PairCorr
  0.67IVV iShares Core SPPairCorr
  0.82VTV Vanguard Value IndexPairCorr
  0.91VO Vanguard Mid CapPairCorr
  0.87VB Vanguard Small CapPairCorr
  0.63JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.64PG Procter GamblePairCorr
  0.74AA Alcoa Corp Downward RallyPairCorr
  0.72HD Home DepotPairCorr
  0.67CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.79TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against Global Etf

  0.5PFE Pfizer Inc Sell-off TrendPairCorr
  0.35KO Coca Cola Sell-off TrendPairCorr
  0.32MRK Merck Company Sell-off TrendPairCorr

Related Correlations Analysis

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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   
CATH
+ 0.94
KRMA
QDIV
+ 0.46
KRMA
QDIV
+ 0.21
CATH
CHIU
+ 0.16
QDIV
CHIU
+ 0.15
BFIT
  
High negative correlations   
CHIU
- 0.59
CATH
CHIU
- 0.46
KRMA
BFIT
- 0.45
KRMA
BFIT
- 0.36
CATH
QDIV
- 0.23
BFIT

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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.

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