VanEck Vietnam Correlations

Etfs . USA . 
Etf . VanEck Vietnam ETF
VNM Etf  USD 12.54  0.14  1.13%   
The current 90-days correlation between VanEck Vietnam ETF and iShares MSCI Thailand is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Vietnam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Vietnam ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Vietnam Correlation With Market

Very good diversification

The correlation between VanEck Vietnam ETF and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Vietnam ETF and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Vietnam ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with VanEck Etf

  0.8TLT iShares 20 YearPairCorr
  0.64TRV The Travelers CompaniesPairCorr
  0.71VZ Verizon CommunicationsPairCorr

Moving against VanEck Etf

  0.86SLYV SPDR SP 600PairCorr
  0.85SLYG SPDR SP 600PairCorr
  0.82MDY SPDR SP MIDCAPPairCorr
  0.75KRMA Global X ConsciousPairCorr
  0.61EWA iShares MSCI AustraliaPairCorr
  0.57SPY SPDR SP 500PairCorr
  0.57IVV iShares Core SP Sell-off TrendPairCorr
  0.49IGV iShares Expanded Tech Low VolatilityPairCorr
  0.48KSA iShares MSCI SaudiPairCorr
  0.45GRI GRI Bio Earnings Call This WeekPairCorr
  0.57HD Home DepotPairCorr
  0.53IXN iShares Global TechPairCorr
  0.53BA BoeingPairCorr
  0.53JPM JPMorgan ChasePairCorr
  0.44CAT CaterpillarPairCorr
  0.38AA Alcoa CorpPairCorr
  0.34MSFT MicrosoftPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
IDX
+ 0.99
EIDO
IDX
+ 0.93
THD
EIDO
+ 0.92
THD
EPHE
+ 0.29
TUR
IDX
+ 0.24
TUR
TUR
+ 0.23
EIDO
  
High negative correlations   
EPHE
- 0.22
EIDO
IDX
- 0.15
EPHE
EPHE
- 0.08
THD

VanEck Vietnam Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Vietnam 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 VanEck Vietnam'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY