Amundi Index Correlations

EWLD Etf  EUR 35.37  0.03  0.08%   
The current 90-days correlation between Amundi Index Solutions and Amundi Index Solutions is -0.2 (i.e., Good diversification). The correlation of Amundi Index 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.

Amundi Index Correlation With Market

AmundiDowDiversified AwayAmundiDowDiversified Away100%

Weak diversification

The correlation between Amundi Index Solutions and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi Index Solutions and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Amundi Index could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi Index when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amundi Index - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amundi Index Solutions to buy it.

Moving together with Amundi Etf

  0.77JPN Lyxor UCITS JapanPairCorr
  0.89MSE Lyxor UCITS StoxxPairCorr
  0.87CAC Amundi CAC 40PairCorr
  0.85GBS Gold Bullion SecuritiesPairCorr
  0.7CACC Lyxor CAC 40PairCorr
  0.68EMLD SSgA SPDR ETFsPairCorr
  0.97SPY5 SPDR SP 500PairCorr
  0.83LVE Lyxor UCITS StoxxPairCorr
  0.81STR SPDR MSCI EuropePairCorr
  0.78BNKE Lyxor UCITS StoxxPairCorr
  0.77ELLE Lyxor Global GenderPairCorr
  0.72CEU Amundi Index SolutionsPairCorr
  0.76PSRW Invesco FTSE RAFIPairCorr
  0.66STS SSgA SPDR ETFsPairCorr
  0.7MMS Amundi MSCI EMUPairCorr
  0.7CF1 Amundi ETF MSCIPairCorr
  0.93MEU Lyxor UCITS MSCIPairCorr
  0.85CS9 Amundi Index SolutionsPairCorr
  0.7PAEEM Amundi ETF PEAPairCorr
  0.71NDXH Amundi Nasdaq 100PairCorr
  0.88CAPE Ossiam Shiller BarclaysPairCorr
  0.69HSUD HSBC USA SustainablePairCorr

Moving against Amundi Etf

  0.57CI2U Amundi MSCI IndiaPairCorr
  0.48IQEC IndexIQ Factors SustPairCorr
  0.39TUR MULTI UNITS LUXEMBOURGPairCorr

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   
JPMMETA
TMETA
XOMF
JPMT
TUBER
JPMUBER
  
High negative correlations   
MRKT
MRKJPM
MRKUBER
MRKMETA
FMETA
UBERMSFT

Amundi Index Competition Risk-Adjusted Indicators

There is a big difference between Amundi Etf performing well and Amundi Index 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 Amundi Index'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.31  0.27  0.16  0.57  1.48 
 3.22 
 7.11 
MSFT  1.00 (0.06) 0.00 (0.21) 0.00 
 2.20 
 10.31 
UBER  1.92  0.18  0.06  20.08  2.84 
 4.72 
 12.29 
F  1.36 (0.21) 0.00 (0.28) 0.00 
 2.46 
 10.97 
T  0.95  0.29  0.25  0.57  0.92 
 1.91 
 7.94 
A  1.11  0.07  0.06  0.09  1.12 
 2.81 
 6.12 
CRM  1.46 (0.08) 0.00 (0.11) 0.00 
 3.10 
 15.92 
JPM  0.89  0.15  0.12  0.18  1.12 
 1.92 
 6.85 
MRK  1.20 (0.16) 0.00  0.36  0.00 
 2.43 
 11.57 
XOM  0.94 (0.11) 0.00 (0.22) 0.00 
 1.76 
 5.69 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amundi Index without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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