| FFIU Etf | | | USD 21.49 0.14 0.65% |
The current 90-days correlation between Fieldstone UVA Uncon and FlexShares Core Select is 0.82 (i.e., Very poor diversification). The correlation of Fieldstone UVA 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.
Fieldstone UVA Correlation With Market
Weak diversification
The correlation between Fieldstone UVA Unconstrained and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fieldstone UVA Unconstrained and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fieldstone UVA Unconstrained. 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.