VanEck Vietnam Correlations
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.
VanEck |
Moving together with VanEck Etf
0.8 | TLT | iShares 20 Year | PairCorr |
0.64 | TRV | The Travelers Companies | PairCorr |
0.71 | VZ | Verizon Communications | PairCorr |
Moving against VanEck Etf
0.86 | SLYV | SPDR SP 600 | PairCorr |
0.85 | SLYG | SPDR SP 600 | PairCorr |
0.82 | MDY | SPDR SP MIDCAP | PairCorr |
0.75 | KRMA | Global X Conscious | PairCorr |
0.61 | EWA | iShares MSCI Australia | PairCorr |
0.57 | SPY | SPDR SP 500 | PairCorr |
0.57 | IVV | iShares Core SP Sell-off Trend | PairCorr |
0.49 | IGV | iShares Expanded Tech Low Volatility | PairCorr |
0.48 | KSA | iShares MSCI Saudi | PairCorr |
0.45 | GRI | GRI Bio Earnings Call This Week | PairCorr |
0.57 | HD | Home Depot | PairCorr |
0.53 | IXN | iShares Global Tech | PairCorr |
0.53 | BA | Boeing | PairCorr |
0.53 | JPM | JPMorgan Chase | PairCorr |
0.44 | CAT | Caterpillar | PairCorr |
0.38 | AA | Alcoa Corp | PairCorr |
0.34 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
0.92 | 0.15 | -0.08 | 0.93 | THD | ||
0.92 | 0.23 | -0.22 | 0.99 | EIDO | ||
0.15 | 0.23 | 0.29 | 0.24 | TUR | ||
-0.08 | -0.22 | 0.29 | -0.15 | EPHE | ||
0.93 | 0.99 | 0.24 | -0.15 | IDX | ||
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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
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
THD | 1.07 | (0.21) | 0.00 | 0.87 | 0.00 | 2.09 | 5.71 | |||
EIDO | 1.12 | (0.26) | 0.00 | 4.22 | 0.00 | 2.72 | 9.68 | |||
TUR | 1.29 | (0.08) | 0.00 | (0.44) | 0.00 | 1.98 | 15.81 | |||
EPHE | 0.88 | 0.07 | 0.12 | 0.28 | 0.94 | 2.27 | 5.04 | |||
IDX | 1.24 | (0.29) | 0.00 | (7.49) | 0.00 | 2.10 | 10.10 |