Vanguard FTSE Correlations

VJPN Etf

CHF 32.20 0.07 0.22%

The correlation of Vanguard FTSE 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vanguard FTSE Correlation With Market

Very good diversification

The correlation between Vanguard FTSE Japan and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Japan and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard FTSE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard FTSE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard FTSE Japan to buy it.

Moving together with Vanguard Etf

0.79	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.71	LYJPN	Lyxor Japan UCITS	Pair Corr
0.66	IEAC	iShares Core Corp	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.81	-0.51	-0.47	0.42	0.36	0.54	0.21	-0.06	-0.55	META
MSFT	0.81		-0.62	-0.31	0.6	0.04	0.67	0.44	-0.27	-0.66	MSFT
UBER	-0.51	-0.62		0.55	-0.7	0.18	-0.78	-0.54	0.63	0.81	UBER
F	-0.47	-0.31	0.55		-0.05	-0.17	-0.12	0.21	0.02	0.73	F
T	0.42	0.6	-0.7	-0.05		-0.26	0.86	0.82	-0.65	-0.5	T
A	0.36	0.04	0.18	-0.17	-0.26		-0.26	-0.47	0.7	0.17	A
CRM	0.54	0.67	-0.78	-0.12	0.86	-0.26		0.86	-0.75	-0.58	CRM
JPM	0.21	0.44	-0.54	0.21	0.82	-0.47	0.86		-0.81	-0.36	JPM
MRK	-0.06	-0.27	0.63	0.02	-0.65	0.7	-0.75	-0.81		0.43	MRK
XOM	-0.55	-0.66	0.81	0.73	-0.5	0.17	-0.58	-0.36	0.43		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.86	T
JPM	+ 0.86	CRM
JPM	+ 0.82	T
MSFT	+ 0.81	META
XOM	+ 0.81	UBER
XOM	+ 0.73	F

High negative correlations

MRK	- 0.81	JPM
CRM	- 0.78	UBER
MRK	- 0.75	CRM
T	- 0.7	UBER
XOM	- 0.66	MSFT
MRK	- 0.65	T

Vanguard FTSE Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard FTSE 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 Vanguard FTSE'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
META	1.26	0.07	0.05	0.33	1.44	(1.42)	2.62	(3.15)	7.43
MSFT	0.90	(0.04)	0.00	0.26	0.00	0.00	1.78	(2.23)	8.14
UBER	1.70	(0.24)	0.00	(1.62)	0.00	0.00	2.67	(5.35)	20.41
F	1.38	(0.11)	0.00	(0.43)	0.00	0.00	2.37	(2.81)	11.21
T	0.95	0.07	0.06	0.25	1.16	(0.98)	1.93	(1.99)	7.95
A	1.11	(0.16)	0.00	(0.52)	0.00	0.00	2.43	(2.42)	8.06
CRM	1.48	0.30	0.19	7.41	1.33	(1.73)	3.18	(2.88)	14.80
JPM	1.07	0.21	0.16	(5.40)	1.10	(1.25)	1.99	(1.44)	15.87
MRK	0.98	(0.20)	0.00	(0.82)	0.00	0.00	1.72	(2.17)	5.17
XOM	0.80	(0.13)	0.00	(0.64)	0.00	0.00	1.71	(2.14)	6.06

Vanguard FTSE Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vanguard FTSE etf to make a market-neutral strategy. Peer analysis of Vanguard FTSE could also be used in its relative valuation, which is a method of valuing Vanguard FTSE by comparing valuation metrics with similar companies.

Vanguard FTSE Emerging Vanguard FTSE All World Vanguard FTSE Developed American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines Intel MetLife

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