First Trust Correlations

Etfs . USA . 
Etf . First Trust Brazil
FBZ Etf  USD 11.52  0.00  0.00%   
The current 90-days correlation between First Trust Brazil and First Trust Latin is 0.74 (i.e., Poor diversification). The correlation of First Trust 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.

First Trust Correlation With Market

Weak diversification

The correlation between First Trust Brazil 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 First Trust Brazil and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with First Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Brazil. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with First Etf

  0.95EWZ iShares MSCI BrazilPairCorr
  0.94ILF iShares Latin AmericaPairCorr
  0.96FLBR Franklin FTSE BrazilPairCorr
  0.97EWZS iShares MSCI BrazilPairCorr
  0.96FLLA Franklin FTSE LatinPairCorr
  0.98BRF VanEck Brazil Small Potential GrowthPairCorr
  0.86USD ProShares Ultra SemiPairCorr
  0.81GBTC Grayscale Bitcoin TrustPairCorr
  0.93FNGO MicroSectors FANG IndexPairCorr
  0.8BITO ProShares BitcoinPairCorr
  0.89CRPT First Trust SkyBridgePairCorr
  0.82NRGU Bank of MontrealPairCorr
  0.89BULZ MicroSectors SolactivePairCorr
  0.83BITS Global X BlockchainPairCorr
  0.93FNGG Direxion Daily SelectPairCorr
  0.87DFEN Direxion Daily AerospacePairCorr
  0.67PALL abrdn Physical PalladiumPairCorr
  0.87FXED Tidal ETF TrustPairCorr
  0.88DFAS Dimensional Small CapPairCorr
  0.91VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.92QTOC Innovator ETFs TrustPairCorr
  0.66KGRN KraneShares MSCI ChinaPairCorr
  0.89SUPP TCW Transform SupplyPairCorr
  0.95NFLX Netflix Downward RallyPairCorr
  0.94VYMI Vanguard InternationalPairCorr
  0.91SRLN SPDR Blackstone SeniorPairCorr
  0.91DFEV Dimensional ETF TrustPairCorr
  0.75KWEB KraneShares CSI China Aggressive PushPairCorr
  0.92DCPE DoubleLine Shiller CAPEPairCorr
  0.92VSS Vanguard FTSE AllPairCorr
  0.9VFVA Vanguard Value FactorPairCorr
  0.91MYMF SPDR SSGA My2026PairCorr
  0.88SAUG First Trust ExchangePairCorr
  0.86FCOR Fidelity Corporate BondPairCorr
  0.73EUSB iShares TrustPairCorr
  0.92VBF Invesco Van KampenPairCorr
  0.78HIDE Alpha Architect HighPairCorr

Related Correlations Analysis

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First Trust Constituents Risk-Adjusted Indicators

There is a big difference between First Etf performing well and First Trust 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 First Trust'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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