VictoryShares WestEnd Correlations

GLOW Etf

USD 26.18 0.25 0.95%

The current 90-days correlation between VictoryShares WestEnd and Strategy Shares is 0.51 (i.e., Very weak diversification). The correlation of VictoryShares WestEnd 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VictoryShares WestEnd Correlation With Market

Very poor diversification

The correlation between VictoryShares WestEnd Global and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares WestEnd Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VictoryShares WestEnd 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 persons.

Moving together with VictoryShares Etf

0.98	VT	Vanguard Total World	Pair Corr
0.98	ACWI	iShares MSCI ACWI	Pair Corr
0.76	IOO	iShares Global 100	Pair Corr
0.95	URTH	iShares MSCI World	Pair Corr
0.97	CRBN	iShares MSCI ACWI	Pair Corr
0.79	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.95	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.96	SPGM	SPDR Portfolio MSCI	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.9	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against VictoryShares Etf

0.31

WTID

UBS ETRACS

Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.13	-0.04	-0.03	0.05	-0.02	-0.06	-0.01	-0.03	DHSB
MBOX	-0.13		0.26	0.12	-0.31	0.33	0.83	0.3	0.73	MBOX
DIEM	-0.04	0.26		0.87	0.15	-0.41	0.51	0.78	0.64	DIEM
MCHI	-0.03	0.12	0.87		0.48	-0.55	0.45	0.92	0.6	MCHI
DIPS	0.05	-0.31	0.15	0.48		-0.54	-0.03	0.54	0.09	DIPS
DISO	-0.02	0.33	-0.41	-0.55	-0.54		0.26	-0.52	0.04	DISO
DIVB	-0.06	0.83	0.51	0.45	-0.03	0.26		0.62	0.95	DIVB
DIVD	-0.01	0.3	0.78	0.92	0.54	-0.52	0.62		0.75	DIVD
DIVG	-0.03	0.73	0.64	0.6	0.09	0.04	0.95	0.75		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVG	+ 0.95	DIVB
DIVD	+ 0.92	MCHI
MCHI	+ 0.87	DIEM
DIVB	+ 0.83	MBOX
DIVD	+ 0.78	DIEM
DIVG	+ 0.75	DIVD

High negative correlations

DISO	- 0.55	MCHI
DISO	- 0.54	DIPS
DIVD	- 0.52	DISO
DISO	- 0.41	DIEM
DIPS	- 0.31	MBOX
MBOX	- 0.13	DHSB

VictoryShares WestEnd Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares WestEnd 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 VictoryShares WestEnd'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
DHSB	0.37	(0.07)	0.00	(0.37)	0.00	0.00	0.82	(0.74)	1.68
MBOX	0.65	0.04	0.04	0.04	0.76	(0.65)	1.27	(1.39)	2.74
DIEM	0.69	0.03	0.03	(0.23)	0.88	(0.73)	1.43	(1.89)	4.39
MCHI	1.36	0.24	0.15	1.74	1.44	(1.60)	2.63	(2.72)	7.91
DIPS	2.25	0.09	0.03	0.21	2.68	(2.50)	5.35	(4.43)	23.78
DISO	0.90	(0.13)	0.00	0.71	0.00	0.00	1.47	(2.12)	6.61
DIVB	0.66	0.02	0.02	(0.11)	0.87	(0.66)	1.16	(1.40)	3.13
DIVD	0.58	0.13	0.17	(0.64)	0.62	(0.67)	1.39	(0.95)	3.39
DIVG	0.60	0.02	0.02	(0.12)	0.76	(0.63)	1.20	(1.18)	3.06

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