FlexShares STOXX Correlations

Etfs . USA . 
Etf . FlexShares STOXX ESG
ESG Etf  USD 143.04  0.00  0.00%   
The current 90-days correlation between FlexShares STOXX ESG and iShares ESG Aware is 0.17 (i.e., Average diversification). The correlation of FlexShares STOXX 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.

FlexShares STOXX Correlation With Market

Significant diversification

The correlation between FlexShares STOXX ESG and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares STOXX ESG 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 FlexShares STOXX ESG. 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 FlexShares Etf

  0.87VTI Vanguard Total StockPairCorr
  0.87SPY SPDR SP 500 Aggressive PushPairCorr
  0.98IVV iShares Core SPPairCorr
  0.88VV Vanguard Large CapPairCorr
  0.88IWB iShares Russell 1000PairCorr
  0.87ESGU iShares ESG AwarePairCorr
  0.73DFAC Dimensional Core EquityPairCorr
  0.98SPLG SPDR Portfolio SPPairCorr
  0.8GBTC Grayscale Bitcoin TrustPairCorr
  0.62MLPR ETRACS Quarterly PayPairCorr
  0.71FNGO MicroSectors FANG IndexPairCorr
  0.71FNGU MicroSectors FANG IndexPairCorr
  0.79BITO ProShares BitcoinPairCorr
  0.74RFDA RiverFront DynamicPairCorr
  0.65IBM International Business Earnings Call This WeekPairCorr
  0.81WMT Walmart Aggressive PushPairCorr
  0.67BAC Bank of AmericaPairCorr
  0.72AXP American ExpressPairCorr
  0.75MSFT Microsoft Earnings Call This WeekPairCorr
  0.71T ATT Inc Aggressive PushPairCorr

Moving against FlexShares Etf

  0.64NRGU Bank Of MontrealPairCorr
  0.63PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.42KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

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   
ESGV
+ 0.99
ESGU
ESGG
+ 0.81
ESGU
ESGD
+ 0.81
ESGE
ESGV
+ 0.78
ESGG
ESGD
+ 0.49
ESGG
ESGE
+ 0.19
ESGG
  
High negative correlations   
ESGV
- 0.33
ESGE
ESGE
- 0.29
ESGU
ESGV
- 0.12
ESGD
ESGD
- 0.05
ESGU

FlexShares STOXX Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares STOXX 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 FlexShares STOXX'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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