FlexShares STOXX Correlations

Etfs . USA . 
Etf . FlexShares STOXX Global
NFRA Etf  USD 57.40  0.18  0.31%   
The current 90-days correlation between FlexShares STOXX Global and ProShares DJ Brookfield is 0.87 (i.e., Very poor diversification). The correlation of FlexShares STOXX 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 STOXX Correlation With Market

Good diversification

The correlation between FlexShares STOXX Global and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares STOXX Global 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 STOXX Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with FlexShares Etf

  0.66GII SPDR SP GlobalPairCorr
  0.9TOLZ ProShares DJ BrookfieldPairCorr
  0.72INFR ClearBridge SustainablePairCorr
  0.88BLLD JP Morgan ExchangePairCorr
  0.88BABX GraniteShares 175x LongPairCorr
  0.86GDXU MicroSectors Gold MinersPairCorr
  0.9XPP ProShares Ultra FTSEPairCorr
  0.85JNUG Direxion Daily JuniorPairCorr
  0.87VZ Verizon Communications Sell-off TrendPairCorr
  0.67CVX Chevron CorpPairCorr
  0.76GE GE AerospacePairCorr
  0.76MMM 3M CompanyPairCorr
  0.91T ATT Inc Aggressive PushPairCorr
  0.64XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.76TRV The Travelers CompaniesPairCorr
  0.62CSCO Cisco SystemsPairCorr
  0.85KO Coca Cola Sell-off TrendPairCorr
  0.89JNJ Johnson JohnsonPairCorr
  0.66INTC Intel Sell-off TrendPairCorr
  0.61PG Procter GamblePairCorr

Moving against FlexShares Etf

  0.72SIMS SPDR SP KenshoPairCorr
  0.67XKII SPDR Kensho IntelligentPairCorr
  0.47PAVE Global X InfrastructurePairCorr
  0.41WTID UBS ETRACS Upward RallyPairCorr
  0.69MSFT Microsoft Aggressive PushPairCorr
  0.55CAT CaterpillarPairCorr
  0.42HD Home DepotPairCorr
  0.4BAC Bank of America 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   
GII
+ 0.86
IGF
GUNR
+ 0.86
IGF
GUNR
+ 0.81
GII
GII
+ 0.77
TOLZ
GUNR
+ 0.77
TOLZ
IGF
+ 0.66
TOLZ
  
High negative correlations   
IFRA
- 0.09
TOLZ

FlexShares STOXX Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares STOXX 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 STOXX'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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