NuShares ETF Correlations

Etfs . USA . 
Etf . NuShares ETF Trust
NUEM Etf  USD 28.99  0.04  0.14%   
The current 90-days correlation between NuShares ETF Trust and NuShares ETF Trust is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NuShares ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NuShares ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NuShares ETF Correlation With Market

Average diversification

The correlation between NuShares ETF Trust and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NuShares ETF Trust 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 NuShares ETF Trust. 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 NuShares Etf

  0.98VWO Vanguard FTSE EmergingPairCorr
  0.98IEMG iShares Core MSCIPairCorr
  0.97EMC Global X FundsPairCorr
  0.97EEM iShares MSCI EmergingPairCorr
  0.98SPEM SPDR Portfolio EmergingPairCorr
  0.96FNDE Schwab FundamentalPairCorr
  0.98ESGE iShares ESG AwarePairCorr
  0.95DGS WisdomTree EmergingPairCorr
  0.97XSOE WisdomTree EmergingPairCorr
  0.9EMXC iShares MSCI EmergingPairCorr
  0.82KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.65MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.72PFE Pfizer Inc Aggressive PushPairCorr
  0.69JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.71DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Moving against NuShares Etf

  0.77DSJA DSJAPairCorr
  0.69RSPY Tuttle Capital ManagementPairCorr
  0.62MEME Roundhill InvestmentsPairCorr
  0.75DIS Walt DisneyPairCorr
  0.74CSCO Cisco SystemsPairCorr
  0.71BAC Bank of America Earnings Call This WeekPairCorr

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   
NUMV
+ 0.98
NULV
NUMV
+ 0.87
NUSC
NULG
+ 0.78
NUSC
NULV
+ 0.77
NUSC
NULG
+ 0.44
NUMV
NULV
+ 0.33
NUDM
  
High negative correlations   
NULG
- 0.48
NUDM
NUSC
- 0.09
NUDM

NuShares ETF Constituents Risk-Adjusted Indicators

There is a big difference between NuShares Etf performing well and NuShares ETF 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 NuShares ETF'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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