Global X Correlations

Etfs . USA . 
Etf . Global X E commerce
EBIZ Etf  USD 31.59  0.06  0.19%   
The current 90-days correlation between Global X E and ProShares Online Retail is 0.89 (i.e., Very poor diversification). The correlation of Global X 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.

Global X Correlation With Market

Good diversification

The correlation between Global X E commerce and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X E commerce and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Global Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X E commerce. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Global Etf

  0.95XLY Consumer DiscretionaryPairCorr
  0.95VCR Vanguard ConsumerPairCorr
  0.95FDIS Fidelity MSCI ConsumerPairCorr
  0.75XHB SPDR SP HomebuildersPairCorr
  0.96IYC iShares Consumer DisPairCorr
  0.9PEJ Invesco Dynamic LeisurePairCorr
  0.94FXD First Trust ConsumerPairCorr
  0.94XRT SPDR SP RetailPairCorr
  0.89USD ProShares Ultra Semi Downward RallyPairCorr
  0.89GBTC Grayscale Bitcoin TrustPairCorr
  0.94FNGO MicroSectors FANG IndexPairCorr
  0.89BITO ProShares BitcoinPairCorr
  0.9CRPT First Trust SkyBridgePairCorr
  0.77NRGU Bank of MontrealPairCorr
  0.92BULZ MicroSectors SolactivePairCorr
  0.9BITS Global X BlockchainPairCorr
  0.94FNGG Direxion Daily SelectPairCorr
  0.91DFEN Direxion Daily AerospacePairCorr
  0.75SPIB SPDR Barclays IntermPairCorr
  0.61HIDE Alpha Architect HighPairCorr
  0.82VBF Invesco Van KampenPairCorr
  0.77VABS Virtus Newfleet ABSMBSPairCorr
  0.94SRLN SPDR Blackstone SeniorPairCorr
  0.96CGGO Capital Group GlobalPairCorr
  0.88NFLX NetflixPairCorr
  0.87KGRN KraneShares MSCI ChinaPairCorr
  0.95BUFD FT Cboe VestPairCorr
  0.97QTOC Innovator ETFs TrustPairCorr
  0.96PFUT Putnam Sustainable FuturePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY