Forstrong Emerging Correlations

FEME Etf   94.76  73.74  350.81%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Forstrong Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forstrong Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Forstrong Emerging Correlation With Market

Good diversification

The correlation between Forstrong Emerging Markets and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forstrong Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Forstrong Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forstrong Emerging 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 Forstrong Emerging - 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 Forstrong Emerging Markets to buy it.

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   
JPMCRM
CRMT
JPMT
JPMF
XOMMETA
CRMMETA
  
High negative correlations   
MRKCRM
MRKJPM
MRKT
JPMA
XOMMRK
MRKMETA

Forstrong Emerging Competition Risk-Adjusted Indicators

There is a big difference between Forstrong Etf performing well and Forstrong Emerging 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 Forstrong Emerging'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  1.13  0.20  0.09  0.49  1.29 
 3.22 
 8.02 
MSFT  0.90  0.01 (0.02) 0.15  1.42 
 2.09 
 8.19 
UBER  1.64 (0.12)(0.05) 0.03  2.34 
 2.69 
 20.10 
F  1.42 (0.21)(0.06) 0.00  2.17 
 2.53 
 11.21 
T  0.99  0.23  0.09  4.68  0.94 
 2.56 
 6.59 
A  1.14 (0.04)(0.08) 0.05  1.47 
 2.71 
 9.02 
CRM  1.41  0.44  0.35  0.47  0.82 
 3.59 
 9.98 
JPM  1.11 (0.09) 0.02  0.09  1.33 
 2.05 
 15.87 
MRK  0.91 (0.23) 0.00 (1.16) 0.00 
 2.00 
 4.89 
XOM  0.99 (0.05)(0.10)(0.01) 1.37 
 2.10 
 5.74 

Forstrong Emerging Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Forstrong Emerging etf to make a market-neutral strategy. Peer analysis of Forstrong Emerging could also be used in its relative valuation, which is a method of valuing Forstrong Emerging by comparing valuation metrics with similar companies.
 Risk & Return  Correlation