FlexShares Global Correlations

Etfs . USA . 
Etf . FlexShares Global Quality
GQRE Etf  USD 59.64  0.02  0.03%   
The current 90-days correlation between FlexShares Global Quality and iShares Global REIT is 0.97 (i.e., Almost no diversification). 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.

FlexShares Global Correlation With Market

Poor diversification

The correlation between FlexShares Global Quality and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Global Quality and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with FlexShares Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in FlexShares Global Quality. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with FlexShares Etf

  0.97REET iShares Global REITPairCorr
  0.96RWO SPDR Dow JonesPairCorr
  0.95HAUZ Xtrackers InternationalPairCorr
  0.92RWX SPDR Dow JonesPairCorr
  0.98AVRE Avantis Real EstatePairCorr
  0.95IFGL iShares InternationalPairCorr
  0.94WTRE WisdomTree New EconomyPairCorr
  0.94VTV Vanguard Value IndexPairCorr
  0.92VUG Vanguard Growth IndexPairCorr
  0.94VO Vanguard Mid CapPairCorr
  0.93VB Vanguard Small CapPairCorr
  0.93VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.93BUFD FT Cboe VestPairCorr
  0.91VBF Invesco Van KampenPairCorr
  0.76EUSB iShares TrustPairCorr
  0.84HIDE Alpha Architect HighPairCorr
  0.91PFUT Putnam Sustainable FuturePairCorr
  0.7INTC Intel Earnings Call This WeekPairCorr
  0.79CVX Chevron CorpPairCorr
  0.82AA Alcoa CorpPairCorr
  0.91CSCO Cisco SystemsPairCorr
  0.93JPM JPMorgan ChasePairCorr
  0.91DIS Walt DisneyPairCorr
  0.94BAC Bank of AmericaPairCorr
  0.9IBM International Business Earnings Call This WeekPairCorr
  0.89GE GE Aerospace Earnings Call This WeekPairCorr
  0.87BA BoeingPairCorr
  0.86PFE Pfizer IncPairCorr
  0.93MSFT MicrosoftPairCorr
  0.83DD Dupont De NemoursPairCorr

Moving against FlexShares Etf

  0.47KO Coca Cola Earnings Call This WeekPairCorr

Related Correlations Analysis

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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.

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