FlexShares Global Correlations
The correlation of FlexShares Global 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.
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Moving together with FlexShares Etf
| 0.85 | REET | iShares Global REIT | PairCorr |
| 0.86 | RWO | SPDR Dow Jones | PairCorr |
| 0.84 | AVRE | Avantis Real Estate | PairCorr |
| 0.82 | WTRE | WisdomTree New Economy | PairCorr |
| 0.7 | LUX | Tema ETF Trust | PairCorr |
| 0.68 | SWP | SWP Growth Income | PairCorr |
| 0.65 | WINN | Harbor Long Term | PairCorr |
| 0.75 | EFFE | Harbor ETF Trust | PairCorr |
| 0.73 | VEA | Vanguard FTSE Developed Aggressive Push | PairCorr |
| 0.62 | IEV | iShares Europe ETF | PairCorr |
| 0.75 | DIHP | Dimensional International | PairCorr |
| 0.72 | TLTE | FlexShares Morningstar | PairCorr |
| 0.81 | IPAC | iShares Core MSCI | PairCorr |
| 0.75 | VEU | Vanguard FTSE All | PairCorr |
| 0.72 | EOCT | Innovator ETFs Trust | PairCorr |
Moving against FlexShares Etf
| 0.62 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.68 | DXD | ProShares UltraShort | PairCorr |
| 0.67 | VIXY | ProShares VIX Short | PairCorr |
| 0.4 | UTWO | Rbb Fund | PairCorr |
| 0.34 | XFIV | Bondbloxx ETF Trust | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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FlexShares Global Constituents Risk-Adjusted Indicators
There is a big difference between FlexShares Etf performing well and FlexShares Global 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 FlexShares Global'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IQDY | 1.02 | 0.22 | 0.13 | 0.13 | 1.68 | 1.87 | 10.47 | |||
| IQDF | 0.97 | 0.23 | 0.15 | 0.17 | 1.47 | 2.01 | 8.44 | |||
| ROOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QDEF | 0.99 | 0.07 | 0.00 | (0.05) | 0.00 | 1.56 | 9.56 | |||
| FRI | 1.07 | 0.09 | 0.00 | (0.02) | 0.00 | 1.90 | 8.96 |