Exchange Traded Correlations

Etfs USA . 
Etf . Exchange Traded Concepts
CHNA Etf  USD 16.32  0.08  0.49%   
The current 90-days correlation between Exchange Traded Concepts and CHIH is 0.79 (i.e., Poor diversification). The correlation of Exchange Traded 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.

Exchange Traded Correlation With Market

Good diversification

The correlation between Exchange Traded Concepts and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exchange Traded Concepts and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities 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 board of governors.

Moving together with Exchange Etf

  0.69EWH iShares MSCI HongPairCorr
  0.61BND Vanguard Total Bond Sell-off TrendPairCorr
  0.8VEA Vanguard FTSE DevelopedPairCorr

Moving against Exchange Etf

  0.8VUG Vanguard Growth IndexPairCorr
  0.79VTI Vanguard Total StockPairCorr
  0.77SPY SPDR SP 500 Aggressive PushPairCorr
  0.77IVV iShares Core SPPairCorr
  0.68VO Vanguard Mid CapPairCorr
  0.88BSCO Invesco BulletShares 2024PairCorr
  0.85IYZ IShares TelecommunicatioPairCorr
  0.84BTC Grayscale Bitcoin MiniPairCorr
  0.84JEPQ JPMorgan Nasdaq EquityPairCorr
  0.83FNCL Fidelity MSCI FinancialsPairCorr
  0.8CPAI Northern LightsPairCorr
  0.76RPG Invesco SP 500PairCorr
  0.75TRFK Pacer Funds TrustPairCorr
  0.74CGUS Capital Group CorePairCorr
  0.73VB Vanguard Small CapPairCorr
  0.71BST BlackRock Science TechPairCorr
  0.7BULZ MicroSectors SolactivePairCorr
  0.68RXI iShares Global ConsumerPairCorr
  0.58IDAT Ishares TrustPairCorr
  0.45AAPB GraniteShares ETF TrustPairCorr
  0.89JANW AIM ETF ProductsPairCorr
  0.88JBBB Janus Detroit StreetPairCorr
  0.87SOFR SOFR Symbol ChangePairCorr
  0.86DAT ProShares Big DataPairCorr
  0.85IPAY Amplify ETF TrustPairCorr
  0.81IBLC iShares Blockchain andPairCorr

Related Correlations Analysis

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Exchange Traded Constituents Risk-Adjusted Indicators

There is a big difference between Exchange Etf performing well and Exchange Traded 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 Exchange Traded'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.

Exchange Traded 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 Exchange Traded etf to make a market-neutral strategy. Peer analysis of Exchange Traded could also be used in its relative valuation, which is a method of valuing Exchange Traded by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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