Xtrackers Russell Correlations

Etfs . USA . 
Etf . Xtrackers Russell Multifactor
DEUS Etf  USD 56.46  0.08  0.14%   
The current 90-days correlation between Xtrackers Russell and Xtrackers FTSE Developed is 0.54 (i.e., Very weak diversification). The correlation of Xtrackers Russell 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.

Xtrackers Russell Correlation With Market

Almost no diversification

The correlation between Xtrackers Russell Multifactor and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers Russell Multifactor and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers Russell Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Xtrackers Etf

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  1.0JHMM John Hancock MultifactorPairCorr
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Moving against Xtrackers Etf

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  0.98VIXY ProShares VIX ShortPairCorr
  0.76YCL ProShares Ultra YenPairCorr
  0.57MCD McDonaldsPairCorr
  0.53KO Coca Cola Earnings Call TomorrowPairCorr
  0.47PG Procter Gamble Earnings Call Next WeekPairCorr

Related Correlations Analysis

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Xtrackers Russell Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers Russell 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 Xtrackers Russell'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.

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