United States Correlations

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United States Oil. 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.

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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    UCO + 0.82 UNG SLV + 0.72 GLD GLD + 0.65 UNG UCO + 0.46 GLD SLV + 0.39 XLE SLV + 0.08 UNG

High negative correlations    XLE - 0.21 UNG SLV - 0.03 UCO XLE - 0.03 UCO

United States Constituents Risk-Adjusted Indicators

There is a big difference between United Etf performing well and United States 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 United States' 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.