First Trust Correlations

Etfs . USA . 
Etf . First Trust Latin
FLN Etf  USD 19.30  0.33  1.74%   
The current 90-days correlation between First Trust Latin and First Trust Brazil is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Latin moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Trust Correlation With Market

Modest diversification

The correlation between First Trust Latin and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Latin 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 Latin. 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 economic analysis.

Moving together with First Etf

  0.95EWZ iShares MSCI BrazilPairCorr
  0.92ILF iShares Latin AmericaPairCorr
  0.95FLBR Franklin FTSE BrazilPairCorr
  0.92EWZS iShares MSCI BrazilPairCorr
  0.96FLLA Franklin FTSE LatinPairCorr
  0.93BRF VanEck Brazil SmallPairCorr
  0.93FBZ First Trust BrazilPairCorr
  0.8USD ProShares Ultra SemiPairCorr
  0.72GBTC Grayscale Bitcoin TrustPairCorr
  0.89FNGO MicroSectors FANG IndexPairCorr
  0.72BITO ProShares BitcoinPairCorr
  0.83CRPT First Trust SkyBridgePairCorr
  0.76NRGU Bank of MontrealPairCorr
  0.83BULZ MicroSectors SolactivePairCorr
  0.75BITS Global X BlockchainPairCorr
  0.89FNGG Direxion Daily SelectPairCorr
  0.78DFEN Direxion Daily AerospacePairCorr
  0.78FXED Tidal ETF TrustPairCorr
  0.86DFAS Dimensional Small CapPairCorr
  0.86VWO Vanguard FTSE EmergingPairCorr
  0.85QTOC Innovator ETFs TrustPairCorr
  0.62KGRN KraneShares MSCI ChinaPairCorr
  0.85SUPP TCW Transform SupplyPairCorr
  0.91NFLX NetflixPairCorr
  0.89VYMI Vanguard InternationalPairCorr
  0.84SRLN SPDR Blackstone SeniorPairCorr
  0.86DFEV Dimensional ETF TrustPairCorr
  0.7KWEB KraneShares CSI China Aggressive PushPairCorr
  0.86DCPE DoubleLine Shiller CAPEPairCorr
  0.86VSS Vanguard FTSE AllPairCorr
  0.87VFVA Vanguard Value Factor Low VolatilityPairCorr
  0.82MYMF SPDR SSGA My2026PairCorr
  0.84SAUG First Trust ExchangePairCorr
  0.77FCOR Fidelity Corporate BondPairCorr
  0.66EUSB iShares TrustPairCorr
  0.87VBF Invesco Van KampenPairCorr
  0.66HIDE 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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