FlexShares STOXX Correlations

ESGG Etf

USD 177.12 0.56 0.32%

The current 90-days correlation between FlexShares STOXX Global and FlexShares Quality Large is 0.09 (i.e., Significant 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

Good diversification

The correlation between FlexShares STOXX Global and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares STOXX Global 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 Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with FlexShares Etf

0.84	VT	Vanguard Total World Sell-off Trend	Pair Corr
0.87	ACWI	iShares MSCI ACWI Sell-off Trend	Pair Corr
0.74	ACWV	iShares MSCI Global Low Volatility	Pair Corr
0.74	IOO	iShares Global 100	Pair Corr
0.86	URTH	iShares MSCI World	Pair Corr
0.87	CRBN	iShares MSCI ACWI	Pair Corr
0.83	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.87	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.85	SPGM	SPDR Portfolio MSCI	Pair Corr
0.8	BABX	GraniteShares 175x Long Buyout Trend	Pair Corr
0.84	SHNY	Microsectors Gold	Pair Corr
0.78	GDXU	MicroSectors Gold Miners	Pair Corr
0.9	DBEF	Xtrackers MSCI EAFE	Pair Corr
0.82	CQQQ	Invesco China Technology	Pair Corr
0.9	AIQ	Global X Artificial	Pair Corr
0.85	RXI	iShares Global Consumer	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.88	T	ATT Inc Aggressive Push	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.87	WMT	Walmart	Pair Corr
0.75	MMM	3M Company	Pair Corr

Moving against FlexShares Etf

0.56	NVDL	GraniteShares 15x Long Downward Rally	Pair Corr
0.56	NVDU	Direxion Daily NVDA Downward Rally	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	QLC	MBSD	ASET	FDTS	FAD
QLC		0.69	0.45	0.85	0.67	QLC
MBSD	0.69		0.69	0.81	0.53	MBSD
ASET	0.45	0.69		0.47	0.8	ASET
FDTS	0.85	0.81	0.47		0.49	FDTS
FAD	0.67	0.53	0.8	0.49		FAD
	QLC	MBSD	ASET	FDTS	FAD

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QLC	0.59	0.02	0.02	0.04	0.87	(0.54)	1.17	(1.51)	3.69
MBSD	0.23	0.02	0.07	0.31	0.17	(0.27)	0.49	(0.34)	1.43
ASET	0.57	(0.01)	(0.02)	(0.02)	0.78	(0.59)	0.95	(0.97)	3.72
FDTS	0.61	0.06	0.08	0.15	0.60	(0.72)	1.37	(1.08)	3.12
FAD	0.84	(0.05)	0.00	(0.06)	0.00	0.00	1.47	(2.17)	5.33

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