Natixis ETF Correlations

GQI Etf

55.94 0.00 0.00%

The current 90-days correlation between Natixis ETF Trust and Global X Dow is 0.61 (i.e., Poor diversification). The correlation of Natixis ETF 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.

Natixis ETF Correlation With Market

Very weak diversification

The correlation between Natixis ETF Trust and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natixis ETF Trust 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 Natixis ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Natixis Etf

0.75	XYLD	Global X SP	Pair Corr
0.87	RYLD	Global X Russell	Pair Corr
0.94	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.92	NUSI	NEOS ETF Trust	Pair Corr
0.86	BUYW	Main Buywrite ETF	Pair Corr
0.69	IDME	International Drawdown	Pair Corr
0.83	WMT	Walmart Earnings Call This Week	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.74	IBM	International Business	Pair Corr
0.77	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.68	BA	Boeing	Pair Corr
0.82	AXP	American Express	Pair Corr

Moving against Natixis Etf

0.49	AA	Alcoa Corp	Pair Corr
0.48	XOM	Exxon Mobil Corp	Pair Corr
0.4	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	DJIA	VEGA	DYLG	FDND	GQI	XYLG	PAPI	GLDI	GPIQ
DJIA		0.65	0.88	0.89	0.87	0.95	-0.07	0.89	0.77	DJIA
VEGA	0.65		0.84	0.71	0.79	0.68	0.35	0.47	0.7	VEGA
DYLG	0.88	0.84		0.76	0.79	0.81	0.36	0.7	0.62	DYLG
FDND	0.89	0.71	0.76		0.93	0.91	-0.25	0.8	0.9	FDND
GQI	0.87	0.79	0.79	0.93		0.94	-0.1	0.74	0.93	GQI
XYLG	0.95	0.68	0.81	0.91	0.94		-0.17	0.83	0.9	XYLG
PAPI	-0.07	0.35	0.36	-0.25	-0.1	-0.17		-0.2	-0.32	PAPI
GLDI	0.89	0.47	0.7	0.8	0.74	0.83	-0.2		0.67	GLDI
GPIQ	0.77	0.7	0.62	0.9	0.93	0.9	-0.32	0.67		GPIQ
	DJIA	VEGA	DYLG	FDND	GQI	XYLG	PAPI	GLDI	GPIQ

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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

XYLG	+ 0.95	DJIA
XYLG	+ 0.94	GQI
GQI	+ 0.93	FDND
GPIQ	+ 0.93	GQI
XYLG	+ 0.91	FDND
GPIQ	+ 0.9	FDND

High negative correlations

GPIQ	- 0.32	PAPI
PAPI	- 0.25	FDND
GLDI	- 0.2	PAPI
PAPI	- 0.17	XYLG
PAPI	- 0.1	GQI
PAPI	- 0.07	DJIA

Natixis ETF Constituents Risk-Adjusted Indicators

There is a big difference between Natixis Etf performing well and Natixis ETF 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 Natixis ETF'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
DJIA	0.27	0.06	0.13	0.23	0.25	(0.31)	0.72	(0.45)	2.29
VEGA	0.43	0.02	0.03	0.08	0.58	(0.44)	0.79	(1.09)	2.30
DYLG	0.40	0.04	0.08	0.09	0.47	(0.50)	0.86	(0.63)	2.98
FDND	0.79	0.20	0.16	0.53	0.95	(0.83)	1.77	(1.32)	6.35
GQI	0.53	0.04	0.06	0.10	0.67	(0.55)	0.96	(1.00)	3.46
XYLG	0.43	0.05	0.08	0.13	0.56	(0.44)	1.04	(0.98)	2.49
PAPI	0.53	(0.03)	0.00	(0.07)	0.00	0.00	1.12	(0.96)	3.53
GLDI	0.51	0.04	0.04	0.35	0.76	(0.51)	1.09	(1.02)	5.00
GPIQ	0.67	0.07	0.07	0.17	0.83	(0.71)	1.32	(1.50)	4.42

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