VanEck Video Correlations

ESPO Etf

USD 89.73 0.60 0.67%

The current 90-days correlation between VanEck Video Gaming and Roundhill Video Games is 0.89 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Video moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Video Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Video Correlation With Market

Good diversification

The correlation between VanEck Video Gaming and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Video Gaming 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 VanEck Video Gaming. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with VanEck Etf

0.73	XLC	Communication Services	Pair Corr
0.78	IYZ	IShares Telecommunicatio	Pair Corr
0.83	IXP	iShares Global Comm	Pair Corr
0.96	HERO	Global X Video	Pair Corr
0.95	SOCL	Global X Social	Pair Corr
0.98	GAMR	Amplify ETF Trust	Pair Corr
0.69	LUX	Tema ETF Trust	Pair Corr
0.62	SMI	VanEck Vectors ETF	Pair Corr
0.69	GDXU	MicroSectors Gold Miners	Pair Corr
0.67	KO	Coca Cola	Pair Corr
0.71	T	ATT Inc Earnings Call Today	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr

Moving against VanEck Etf

0.83	MRK	Merck Company	Pair Corr
0.45	CAT	Caterpillar	Pair Corr
0.38	MSFT	Microsoft	Pair Corr
0.31	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	NERD	HERO	GAMR	CLOU	WCLD
NERD		0.91	0.98	0.28	0.2	NERD
HERO	0.91		0.89	-0.03	-0.15	HERO
GAMR	0.98	0.89		0.3	0.22	GAMR
CLOU	0.28	-0.03	0.3		0.83	CLOU
WCLD	0.2	-0.15	0.22	0.83		WCLD
	NERD	HERO	GAMR	CLOU	WCLD

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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

GAMR	+ 0.98	NERD
HERO	+ 0.91	NERD
GAMR	+ 0.89	HERO
WCLD	+ 0.83	CLOU
CLOU	+ 0.3	GAMR
CLOU	+ 0.28	NERD

High negative correlations

WCLD	- 0.15	HERO
CLOU	- 0.03	HERO

VanEck Video Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Video 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 VanEck Video'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
NERD	1.09	0.10	0.13	(0.74)	1.21	(1.35)	2.26	(1.98)	8.08
HERO	0.95	0.12	0.19	(4.78)	0.84	(1.20)	2.10	(1.22)	6.04
GAMR	1.10	0.04	0.09	(0.24)	1.33	(1.21)	2.38	(1.89)	7.55
CLOU	1.31	(0.12)	0.00	(0.17)	0.00	0.00	1.92	(3.59)	8.59
WCLD	1.45	(0.21)	0.00	0.90	0.00	0.00	2.29	(3.55)	10.06

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