VanEck Brazil Correlations

BRF Etf  USD 12.94  0.04  0.31%   
The current 90-days correlation between VanEck Brazil Small and VanEck Indonesia Index is 0.22 (i.e., Modest diversification). The correlation of VanEck Brazil 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.

VanEck Brazil Correlation With Market

Good diversification

The correlation between VanEck Brazil Small Cap and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Brazil Small Cap 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 VanEck Brazil Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with VanEck Etf

  0.92EWZ iShares MSCI BrazilPairCorr
  0.93ILF iShares Latin AmericaPairCorr
  0.92FLBR Franklin FTSE BrazilPairCorr
  0.91EWZS iShares MSCI BrazilPairCorr
  0.92FLLA Franklin FTSE LatinPairCorr
  0.97FBZ First Trust BrazilPairCorr
  0.65MAPP Harbor ETF TrustPairCorr
  0.68HART IQ Healthy HeartsPairCorr
  0.87GDXU MicroSectors Gold MinersPairCorr
  0.81GE GE AerospacePairCorr
  0.75MMM 3M CompanyPairCorr
  0.66VZ Verizon CommunicationsPairCorr
  0.78T ATT Inc Sell-off TrendPairCorr
  0.7CVX Chevron CorpPairCorr

Moving against VanEck Etf

  0.47PRME Prime Medicine, CommonPairCorr
  0.4CAT CaterpillarPairCorr
  0.66MRK Merck CompanyPairCorr
  0.53MSFT Microsoft Aggressive PushPairCorr
  0.41AA Alcoa CorpPairCorr
  0.38DIS Walt DisneyPairCorr

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   
GXGECH
EWZSECH
GXGEWZS
EPUECH
EPUEWZS
GXGEPU
  
High negative correlations   
ECHIDX
GXGIDX
EPUIDX
EWZSIDX

VanEck Brazil Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Brazil 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 VanEck Brazil'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.