VanEck Indonesia Correlations

IDX Etf

USD 16.78 0.10 0.59%

The current 90-days correlation between VanEck Indonesia Index and iShares MSCI Thailand is 0.41 (i.e., Very weak diversification). The correlation of VanEck Indonesia 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.

VanEck Indonesia Correlation With Market

Significant diversification

The correlation between VanEck Indonesia Index and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Indonesia Index 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 VanEck Indonesia Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with VanEck Etf

0.9	EWU	iShares MSCI United	Pair Corr
0.82	EWY	iShares MSCI South	Pair Corr
0.9	EWL	iShares MSCI Switzerland	Pair Corr
0.9	EWQ	iShares MSCI France	Pair Corr
0.8	EWW	iShares MSCI Mexico	Pair Corr
0.85	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.92	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against VanEck Etf

0.85	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.81	FNGS	MicroSectors FANG ETN	Pair Corr
0.8	FNGO	MicroSectors FANG Index	Pair Corr
0.79	FNGU	MicroSectors FANG Index Buyout Trend	Pair Corr
0.75	QLD	ProShares Ultra QQQ	Pair Corr
0.7	BBCA	JPMorgan BetaBuilders	Pair Corr
0.68	EWC	iShares MSCI Canada	Pair Corr
0.67	ROM	ProShares Ultra Tech	Pair Corr
0.64	TECL	Direxion Daily Technology	Pair Corr
0.58	USD	ProShares Ultra Semi	Pair Corr
0.35	URNM	Sprott Uranium Miners	Pair Corr
0.91	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.9	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	DIS	Walt Disney Sell-off Trend	Pair Corr
0.8	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.77	T	ATT Inc Sell-off Trend	Pair Corr
0.6	HD	Home Depot	Pair Corr
0.44	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	THD	ECH	TUR	GXG	VNM
THD		0.81	-0.16	0.14	0.82	THD
ECH	0.81		-0.21	0.31	0.62	ECH
TUR	-0.16	-0.21		0.29	0.11	TUR
GXG	0.14	0.31	0.29		0.01	GXG
VNM	0.82	0.62	0.11	0.01		VNM
	THD	ECH	TUR	GXG	VNM

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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

VNM	+ 0.82	THD
ECH	+ 0.81	THD
VNM	+ 0.62	ECH
GXG	+ 0.31	ECH
GXG	+ 0.29	TUR
GXG	+ 0.14	THD

High negative correlations

TUR	- 0.21	ECH
TUR	- 0.16	THD

VanEck Indonesia Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Indonesia 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 VanEck Indonesia'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
THD	0.84	0.00	0.00	0.08	0.00	0.00	1.73	(1.62)	6.10
ECH	0.80	0.04	(0.06)	0.58	1.01	(0.79)	1.81	(1.68)	5.78
TUR	1.25	(0.06)	(0.04)	0.05	1.46	(1.27)	2.27	(2.50)	5.87
GXG	0.74	0.05	(0.04)	0.38	0.90	(0.78)	1.60	(1.34)	4.70
VNM	0.70	(0.15)	0.00	(0.17)	0.00	0.00	1.20	(1.42)	4.35

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