VanEck LongFlat Correlations

Etfs . USA . 
Etf . VanEck LongFlat Trend
LFEQ Etf  USD 47.74  0.00  0.00%   
The current 90-days correlation between VanEck LongFlat Trend and VanEck Morningstar International is 0.59 (i.e., Very weak diversification). The correlation of VanEck LongFlat 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 LongFlat Correlation With Market

Poor diversification

The correlation between VanEck LongFlat Trend and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck LongFlat Trend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in VanEck LongFlat Trend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with VanEck Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500PairCorr
  1.0IVV iShares Core SP Sell-off TrendPairCorr
  0.84VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.89RSP Invesco SP 500PairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  0.99DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.99UPRO ProShares UltraPro SP500PairCorr
  0.95QTJA Innovator ETFs TrustPairCorr
  0.99QTOC Innovator ETFs TrustPairCorr
  0.99XTOC Innovator ETFs TrustPairCorr
  0.79QTAP Innovator Growth 100 Low VolatilityPairCorr
  0.95XTJA Innovator ETFs TrustPairCorr
  0.74JPM JPMorgan ChasePairCorr
  0.88HD Home DepotPairCorr
  0.92AXP American Express Sell-off TrendPairCorr
  0.61CAT CaterpillarPairCorr
  0.82DIS Walt DisneyPairCorr
  0.87BAC Bank of America Sell-off TrendPairCorr
  0.68MSFT MicrosoftPairCorr

Moving against VanEck Etf

  0.32GDXU MicroSectors Gold MinersPairCorr
  0.54VZ Verizon CommunicationsPairCorr
  0.47JNJ Johnson JohnsonPairCorr
  0.41KO Coca ColaPairCorr
  0.32XOM Exxon Mobil Corp Aggressive PushPairCorr

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   
QUS
+ 0.99
MFUS
MFDX
+ 0.98
MOTI
QUS
+ 0.8
JHML
JHML
+ 0.79
MFUS
MFUS
+ 0.33
MFDX
QUS
+ 0.32
MFDX
  
High negative correlations   
JHML
- 0.36
MOTI
JHML
- 0.29
MFDX

VanEck LongFlat Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck LongFlat 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 LongFlat'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.

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