VanEck Vietnam Correlations

VNM Etf

USD 12.04 0.07 0.58%

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

Weak diversification

The correlation between VanEck Vietnam ETF and DJI is 0.34 (i.e., Weak 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

0.72	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr

Moving against VanEck Etf

0.38	SMH	VanEck Semiconductor ETF	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	THD	EIDO	TUR	EPHE	IDX
THD		0.96	0.82	0.79	0.94	THD
EIDO	0.96		0.8	0.78	0.97	EIDO
TUR	0.82	0.8		0.58	0.84	TUR
EPHE	0.79	0.78	0.58		0.73	EPHE
IDX	0.94	0.97	0.84	0.73		IDX
	THD	EIDO	TUR	EPHE	IDX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
THD	0.95	(0.23)	(0.50)	1.92	(2.57)	5.71
EIDO	1.04	(0.30)	(0.74)	1.78	(2.74)	6.13
TUR	1.04	(0.04)	(0.17)	1.78	(1.97)	5.50
EPHE	0.79	(0.12)	(0.36)	1.54	(1.74)	4.97
IDX	1.16	(0.31)	(0.83)	1.68	(3.24)	6.93

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