Humankind Benefit Correlations
HKND Etf | USD 31.67 0.28 0.89% |
The current 90-days correlation between Humankind Benefit and IQ Candriam ESG is 0.75 (i.e., Poor diversification). The correlation of Humankind Benefit 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.
Humankind Benefit Correlation With Market
Poor diversification
The correlation between Humankind Benefit and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humankind Benefit and DJI in the same portfolio, assuming nothing else is changed.
Humankind |
Moving together with Humankind Etf
0.9 | VTV | Vanguard Value Index | PairCorr |
0.84 | VYM | Vanguard High Dividend | PairCorr |
0.92 | IWD | iShares Russell 1000 | PairCorr |
0.88 | DGRO | iShares Core Dividend | PairCorr |
0.93 | IVE | iShares SP 500 | PairCorr |
0.84 | DVY | iShares Select Dividend | PairCorr |
0.93 | SPYV | SPDR Portfolio SP | PairCorr |
0.71 | FVD | First Trust Value | PairCorr |
0.93 | IUSV | iShares Core SP | PairCorr |
0.72 | NOBL | ProShares SP 500 | PairCorr |
0.63 | WMT | Walmart | PairCorr |
0.67 | JPM | JPMorgan Chase | PairCorr |
0.73 | HD | Home Depot | PairCorr |
Moving against Humankind Etf
Related Correlations Analysis
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Humankind Benefit Constituents Risk-Adjusted Indicators
There is a big difference between Humankind Etf performing well and Humankind Benefit 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 Humankind Benefit'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
IQSU | 0.73 | (0.08) | 0.00 | (0.24) | 0.00 | 1.18 | 5.25 | |||
GSPY | 0.74 | (0.02) | 0.00 | (0.17) | 0.00 | 1.17 | 4.47 | |||
GSUS | 0.76 | (0.04) | 0.00 | (0.19) | 0.00 | 1.21 | 4.66 | |||
JSTC | 0.57 | (0.03) | 0.00 | (0.20) | 0.00 | 0.90 | 3.71 | |||
GSFP | 0.71 | 0.00 | 0.00 | (0.15) | 0.00 | 1.51 | 4.20 |