ProShares Short Correlations

Etfs . USA . 
Etf . ProShares Short MSCI
EFZ Etf  USD 16.40  0.04  0.24%   
The current 90-days correlation between ProShares Short MSCI and ProShares UltraShort Euro is 0.52 (i.e., Very weak diversification). The correlation of ProShares Short 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.

ProShares Short Correlation With Market

Very good diversification

The correlation between ProShares Short MSCI and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Short MSCI and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Short MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with ProShares Etf

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Moving against ProShares Etf

  0.89TAIL Cambria Tail RiskPairCorr
  0.7RWM ProShares Short RussPairCorr
  0.69SPXU ProShares UltraPro ShortPairCorr
  0.69SPXS Direxion Daily SP Aggressive PushPairCorr
  0.68SDS ProShares UltraShort Aggressive PushPairCorr
  0.67NRGU Bank Of MontrealPairCorr
  0.66SH ProShares Short SP500PairCorr
  0.66QID ProShares UltraShort QQQPairCorr
  0.65SPDN Direxion Daily SPPairCorr
  0.63PSQ ProShares Short QQQPairCorr
  0.62DOG ProShares Short Dow30PairCorr
  0.71JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.65MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.64DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.53VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.52GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.48MCD McDonalds Sell-off TrendPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

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