First Trust Correlations

Etfs . USA . 
Etf . First Trust Emerging
FEMB Etf  USD 28.70  0.02  0.07%   
The current 90-days correlation between First Trust Emerging and First Trust SSI is 0.05 (i.e., Significant 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.

First Trust Correlation With Market

Good diversification

The correlation between First Trust Emerging and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Emerging 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 First Trust Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with First Etf

  0.98LEMB iShares JP MorganPairCorr
  0.92CBON VanEck China BondPairCorr
  0.96CEW WisdomTree EmergingPairCorr
  0.94SHLD Global X FundsPairCorr
  0.85LUX Tema ETF TrustPairCorr
  0.95SWP SWP Growth IncomePairCorr
  0.93DUKH Ocean Park HighPairCorr
  0.93WINN Harbor Long TermPairCorr
  0.93EDIV SPDR SP EmergingPairCorr
  0.94PSFF Pacer Funds TrustPairCorr
  0.72REMX VanEck Rare EarthStrPairCorr
  0.81DRLL EA Series TrustPairCorr
  0.61LIAE Stone Ridge 2050PairCorr
  0.92NBGX Neuberger Berman ETFPairCorr
  0.93IGF iShares Global InfraPairCorr
  0.81VCLT Vanguard Long Term Sell-off TrendPairCorr
  0.93VTWO Vanguard Russell 2000PairCorr
  0.93SPRX Spear Alpha ETFPairCorr
  0.93FLQL Franklin LibertyQ EquityPairCorr
  0.92DRAI Draco Evolution AIPairCorr
  0.93AIVL WisdomTree TrustPairCorr
  0.93MBCC Northern LightsPairCorr
  0.96DWCR Arrow DWA TacticalPairCorr
  0.92JEPI JPMorgan Equity PremiumPairCorr
  0.93FLCG Federated Hermes ETFPairCorr
  0.79PCRB Putnam ETF TrustPairCorr
  0.78XTWO Bondbloxx ETF TrustPairCorr
  0.93IVAL Alpha Architect IntePairCorr
  0.88IPO Renaissance IPO ETFPairCorr
  0.71MLPB UBS AG LondonPairCorr
  0.93LRNZ Elevation Series TrustPairCorr
  0.88MCSE Martin Currie SustainablePairCorr
  0.91VBK Vanguard Small CapPairCorr
  0.95SHV iShares Short TreasuryPairCorr
  0.81VDE Vanguard Energy IndexPairCorr
  0.92WDSSF WisdomTree Issuer ICAVPairCorr

Moving against First Etf

  0.89FNGD MicroSectors FANG IndexPairCorr
  0.71HUM Humana IncPairCorr
  0.53SMI Van EckPairCorr

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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