FlexShares STOXX Correlations

ESGG Etf

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The current 90-days correlation between FlexShares STOXX Global and FlexShares Quality Large is 0.92 (i.e., Almost no 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 -0.17 (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

0.9	VT	Vanguard Total World	Pair Corr
0.78	ACWI	iShares MSCI ACWI	Pair Corr
0.64	ACWV	iShares MSCI Global	Pair Corr
0.74	URTH	iShares MSCI World	Pair Corr
0.88	CRBN	iShares MSCI ACWI	Pair Corr
0.91	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.74	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.76	SPGM	SPDR Portfolio MSCI	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.75	WMT	Walmart	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.76	IBM	International Business	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.63	MMM	3M Company	Pair Corr

Related Correlations Analysis

	QLC	MBSD	ASET	FDTS	FAD
QLC		-0.38	-0.09	-0.33	0.87	QLC
MBSD	-0.38		0.89	0.86	-0.57	MBSD
ASET	-0.09	0.89		0.91	-0.24	ASET
FDTS	-0.33	0.86	0.91		-0.41	FDTS
FAD	0.87	-0.57	-0.24	-0.41		FAD
	QLC	MBSD	ASET	FDTS	FAD

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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

FDTS	+ 0.91	ASET
ASET	+ 0.89	MBSD
FAD	+ 0.87	QLC
FDTS	+ 0.86	MBSD

High negative correlations

FAD	- 0.57	MBSD
FAD	- 0.41	FDTS
MBSD	- 0.38	QLC
FDTS	- 0.33	QLC
FAD	- 0.24	ASET
ASET	- 0.09	QLC

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	0.80	(0.09)	0.00	0.41	0.00	0.00	1.26	(1.76)	4.89
MBSD	0.23	0.02	0.18	0.56	0.21	(0.25)	0.49	(0.39)	1.20
ASET	0.63	0.04	0.07	0.05	0.80	(0.67)	1.16	(1.12)	3.00
FDTS	0.73	0.09	0.13	0.14	0.73	(0.84)	1.55	(1.33)	4.89
FAD	1.09	(0.08)	0.00	(0.11)	0.00	0.00	1.81	(3.22)	5.20

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