Amundi MSCI Correlations

CNEG Etf

2,876 37.50 1.29%

The current 90-days correlation between Amundi MSCI China and Amundi EUR High is 0.09 (i.e., Significant diversification). The correlation of Amundi MSCI 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Amundi MSCI Correlation With Market

Good diversification

The correlation between Amundi MSCI China and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi MSCI China and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Amundi MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amundi MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amundi MSCI China to buy it.

Moving together with Amundi Etf

0.94	3BAL	WisdomTree EURO STOXX	Pair Corr
0.76	3LBA	GraniteShares 3x Long	Pair Corr
0.94	CSH2	Multi Units Luxembourg	Pair Corr

Moving against Amundi Etf

0.85	COCO	WisdomTree Cocoa	Pair Corr
0.79	3NVD	Leverage Shares 3x	Pair Corr
0.78	NVD3	Leverage Shares 3x	Pair Corr
0.7	NVD2	Leverage Shares 2x	Pair Corr

Related Correlations Analysis

	YIEL	MSRU	CP9U	EABE	BRZ	C8M	AEME	CU2U	CNEG
YIEL		0.64	0.75	0.76	0.0	0.0	0.78	-0.07	0.79	YIEL
MSRU	0.64		0.88	0.62	0.0	0.0	0.86	0.14	0.63	MSRU
CP9U	0.75	0.88		0.84	0.0	0.0	0.87	0.09	0.75	CP9U
EABE	0.76	0.62	0.84		0.0	0.0	0.8	-0.18	0.86	EABE
BRZ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BRZ
C8M	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	C8M
AEME	0.78	0.86	0.87	0.8	0.0	0.0		-0.3	0.91	AEME
CU2U	-0.07	0.14	0.09	-0.18	0.0	0.0	-0.3		-0.49	CU2U
CNEG	0.79	0.63	0.75	0.86	0.0	0.0	0.91	-0.49		CNEG
	YIEL	MSRU	CP9U	EABE	BRZ	C8M	AEME	CU2U	CNEG

Click cells to compare fundamentals

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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

CNEG	+ 0.91	AEME
CP9U	+ 0.88	MSRU
AEME	+ 0.87	CP9U
AEME	+ 0.86	MSRU
CNEG	+ 0.86	EABE
EABE	+ 0.84	CP9U

High negative correlations

CNEG	- 0.49	CU2U
CU2U	- 0.3	AEME
CU2U	- 0.18	EABE
CU2U	- 0.07	YIEL
CNEG	- 0.0	C8M
CU2U	- 0.0	C8M

Amundi MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Amundi Etf performing well and Amundi MSCI 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 Amundi MSCI'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
YIEL	0.15	0.00	0.36	(0.02)	0.15	(0.16)	0.27	(0.29)	0.87
MSRU	0.83	0.00	0.00	(0.05)	0.00	0.00	1.56	(1.69)	5.15
CP9U	0.74	0.01	0.07	(0.03)	0.93	(0.77)	1.30	(1.68)	3.87
EABE	0.58	0.10	0.15	0.21	0.78	(0.56)	1.24	(1.27)	3.33
BRZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
C8M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEME	0.82	0.07	0.11	0.36	0.98	(0.81)	1.70	(1.71)	4.35
CU2U	0.77	(0.11)	0.00	(0.33)	0.00	0.00	1.18	(2.13)	4.96
CNEG	1.28	0.22	0.18	(12.93)	1.36	(1.38)	2.42	(2.37)	8.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amundi MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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