Vanguard Global Correlations

VMO Etf  CAD 66.48  0.94  1.43%   
The current 90-days correlation between Vanguard Global Momentum and Vanguard Global Value is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Global Momentum moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard Global Correlation With Market

Very weak diversification

The correlation between Vanguard Global Momentum and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Momentum and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vanguard Global 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 Global 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 Global - 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 Global Momentum to buy it.

Moving together with Vanguard Etf

  0.81XEQT iShares Core EquityPairCorr
  0.73XAW iShares Core MSCIPairCorr
  0.71DXG Dynamic Active GlobalPairCorr
  0.74VXC Vanguard FTSE GlobalPairCorr
  0.71XWD iShares MSCI WorldPairCorr
  0.86VEQT Vanguard All EquityPairCorr
  0.61XMW iShares MSCI MinPairCorr
  0.8VVL Vanguard Global ValuePairCorr

Related Correlations Analysis

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Vanguard Global Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Global 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 Global'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vanguard Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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