VanEck Agribusiness Correlations

MOO Etf

USD 71.95 0.36 0.50%

The current 90-days correlation between VanEck Agribusiness ETF and Invesco DB Agriculture is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Agribusiness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Agribusiness ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Agribusiness Correlation With Market

Very weak diversification

The correlation between VanEck Agribusiness ETF and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Agribusiness ETF 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 Agribusiness ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with VanEck Etf

0.62

MMM

3M Company Fiscal Year End 28th of January 2025

Pair Corr

Moving against VanEck Etf

0.69	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.67	MEME	Roundhill Investments	Pair Corr
0.64	RSPY	Tuttle Capital Management	Pair Corr
0.55	DSJA	DSJA	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.61	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.52	DIS	Walt Disney Aggressive Push	Pair Corr
0.46	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr
0.36	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	DBA	DBC	SLX	XME	JJG
DBA		0.29	0.67	0.65	-0.33	DBA
DBC	0.29		0.65	0.61	-0.23	DBC
SLX	0.67	0.65		0.91	-0.33	SLX
XME	0.65	0.61	0.91		-0.33	XME
JJG	-0.33	-0.23	-0.33	-0.33		JJG
	DBA	DBC	SLX	XME	JJG

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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

XME	+ 0.91	SLX
SLX	+ 0.67	DBA
XME	+ 0.65	DBA
SLX	+ 0.65	DBC
XME	+ 0.61	DBC
DBC	+ 0.29	DBA

High negative correlations

JJG	- 0.33	XME
JJG	- 0.33	SLX
JJG	- 0.33	DBA
JJG	- 0.23	DBC

VanEck Agribusiness Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Agribusiness 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 Agribusiness' 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
DBA	0.69	0.09	(0.02)	1.83	0.73	(0.72)	1.78	(1.50)	4.39
DBC	0.92	(0.02)	(0.10)	(0.04)	1.16	(0.92)	1.79	(1.92)	4.65
SLX	1.16	(0.11)	(0.02)	0.05	1.53	(1.09)	3.07	(2.00)	10.03
XME	1.26	(0.01)	0.06	0.11	1.30	(1.50)	3.33	(1.86)	10.59
JJG	0.66	(0.16)	0.00	(0.65)	0.00	0.00	1.91	(1.64)	5.28

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