FlexShares Disciplined Correlations

MBSD Etf

USD 20.66 0.13 0.63%

The current 90-days correlation between FlexShares Disciplined and FlexShares Credit Scored Corporate is 0.86 (i.e., Very poor 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

Good diversification

The correlation between FlexShares Disciplined Duratio and DJI is -0.11 (i.e., Good 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 various price indices.

Moving together with FlexShares Etf

0.73	GOVT	iShares Treasury Bond	Pair Corr
0.75	MBB	iShares MBS ETF	Pair Corr
0.99	IEI	iShares 3 7	Pair Corr
0.72	SPTI	SPDR Portfolio Inter	Pair Corr
0.76	SPMB	SPDR Portfolio Mortgage	Pair Corr
0.76	JMBS	Janus Henderson Mort	Pair Corr
0.75	FLGV	Franklin Liberty Treasury	Pair Corr
0.99	OWNS	Quaker Investment Trust	Pair Corr
0.8	FXY	Invesco CurrencyShares	Pair Corr
0.77	PMBS	PIMCO Mortgage Backed	Pair Corr
0.87	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.62	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.94	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.69	PG	Procter Gamble Sell-off Trend	Pair Corr
0.73	IBM	International Business	Pair Corr
0.94	T	ATT Inc Sell-off Trend	Pair Corr

Moving against FlexShares Etf

0.64	AXP	American Express	Pair Corr
0.61	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.55	AMPD	Tidal Trust II	Pair Corr
0.84	MSFT	Microsoft	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.56	DIS	Walt Disney	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.49	MRK	Merck Company	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	SKOR	LKOR	LMBS	FEMB	ASET
SKOR		0.92	0.68	0.78	0.71	SKOR
LKOR	0.92		0.71	0.76	0.74	LKOR
LMBS	0.68	0.71		0.91	0.89	LMBS
FEMB	0.78	0.76	0.91		0.91	FEMB
ASET	0.71	0.74	0.89	0.91		ASET
	SKOR	LKOR	LMBS	FEMB	ASET

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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	0.14	0.02	0.46	(1.45)	0.00	(0.16)	0.33	(0.23)	0.91
LKOR	0.47	0.00	0.11	(0.09)	0.52	(0.49)	1.00	(0.79)	2.56
LMBS	0.10	0.03	0.69	2.18	0.00	(0.12)	0.25	(0.16)	0.54
FEMB	0.42	0.05	0.19	0.43	0.42	(0.43)	1.05	(0.74)	1.92
ASET	0.58	0.10	0.19	0.13	0.56	(0.67)	1.10	(0.87)	2.50

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