| VOX Etf | | | USD 155.53 0.59 0.38% |
The current 90-days correlation between Vanguard Communication and Communication Services Select is 0.98 (i.e., Almost no diversification). The correlation of Vanguard Communication 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 Communication Correlation With Market
Poor diversification
The correlation between Vanguard Communication Service and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Communication Service and DJI in the same portfolio, assuming nothing else is changed.
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signals in persons.