FlexShares Disciplined Correlations

MBSD Etf

USD 20.61 0.10 0.49%

The current 90-days correlation between FlexShares Disciplined and FlexShares Credit Scored Corporate is -0.03 (i.e., Good diversification). The correlation of FlexShares Disciplined 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.

FlexShares Disciplined Correlation With Market

Modest diversification

The correlation between FlexShares Disciplined Duratio and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Disciplined Duratio 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 FlexShares Disciplined Duration. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with FlexShares Etf

0.86	GOVT	iShares Treasury Bond Low Volatility	Pair Corr
0.95	MBB	iShares MBS ETF	Pair Corr
0.98	IEI	iShares 3 7	Pair Corr
0.97	SPTI	SPDR Portfolio Inter	Pair Corr
0.95	SPMB	SPDR Portfolio Mortgage	Pair Corr
0.85	ITE	SPDR Bloomberg Barclays	Pair Corr
0.96	JMBS	Janus Henderson Mort	Pair Corr
0.94	FLGV	Franklin Liberty Treasury	Pair Corr
0.89	OWNS	Quaker Investment Trust	Pair Corr
0.96	PMBS	PIMCO Mortgage Backed	Pair Corr
0.7	IBM	International Business	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.7	VZ	Verizon Communications Aggressive Push	Pair Corr
0.77	T	ATT Inc Aggressive Push	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.65	KO	Coca Cola Aggressive Push	Pair Corr

Moving against FlexShares Etf

0.41

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	SKOR	LKOR	LMBS	FEMB	ASET
SKOR		0.59	0.91	0.74	0.5	SKOR
LKOR	0.59		0.45	0.67	0.85	LKOR
LMBS	0.91	0.45		0.69	0.39	LMBS
FEMB	0.74	0.67	0.69		0.8	FEMB
ASET	0.5	0.85	0.39	0.8		ASET
	SKOR	LKOR	LMBS	FEMB	ASET

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

FlexShares Disciplined Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Disciplined 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 FlexShares Disciplined'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
SKOR	0.15	0.01	0.05	(0.39)	0.05	(0.17)	0.34	(0.23)	1.16
LKOR	0.50	0.02	0.02	0.12	0.57	(0.50)	1.15	(0.83)	3.48
LMBS	0.10	0.02	0.11	0.85	0.00	(0.12)	0.27	(0.17)	0.60
FEMB	0.40	0.01	0.00	0.05	0.43	(0.49)	0.94	(0.80)	1.89
ASET	0.57	(0.01)	(0.02)	(0.02)	0.78	(0.59)	0.95	(0.97)	3.72

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC