IREIT MarketVector Correlations

IRET Etf

USD 19.11 0.09 0.47%

The current 90-days correlation between iREIT MarketVector and Fundamental Income Net is 0.72 (i.e., Poor diversification). The correlation of IREIT MarketVector 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.

IREIT MarketVector Correlation With Market

Poor diversification

The correlation between iREIT MarketVector and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iREIT MarketVector and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IREIT Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iREIT MarketVector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with IREIT Etf

0.84	VNQ	Vanguard Real Estate	Pair Corr
0.76	XLRE	Real Estate	Pair Corr
0.85	IYR	iShares Real Estate	Pair Corr
0.67	ICF	iShares Cohen Steers	Pair Corr
0.72	USRT	iShares Core REIT	Pair Corr
0.73	RWR	SPDR Dow Jones	Pair Corr
0.89	ISCB	iShares Morningstar	Pair Corr
0.83	RAYS	Global X Solar	Pair Corr
0.79	BPI	Grayscale Funds Trust	Pair Corr
0.93	INCM	Franklin Templeton ETF	Pair Corr
0.72	CETH	21shares Core Ethereum Low Volatility	Pair Corr
0.85	PRXG	Praxis Funds	Pair Corr
0.81	DIS	Walt Disney	Pair Corr
0.88	BAC	Bank of America	Pair Corr
0.86	IBM	International Business Earnings Call This Week	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.89	DD	Dupont De Nemours	Pair Corr
0.91	AXP	American Express	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.82	BA	Boeing	Pair Corr
0.71	XOM	Exxon Mobil Corp	Pair Corr
0.79	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.83	INTC	Intel Earnings Call This Week	Pair Corr

Moving against IREIT Etf

0.88	CORX	2x Corn ETF	Pair Corr
0.56	STSB	Stance Sustainable Beta Symbol Change	Pair Corr
0.45	KO	Coca Cola Earnings Call This Week	Pair Corr
0.33	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VGSR	DTRE	MORT	VNQI	MVRL	NETL	ERET	NRSH	NURE
VGSR		0.96	0.82	0.89	0.8	0.79	0.99	0.91	0.73	VGSR
DTRE	0.96		0.74	0.79	0.74	0.77	0.95	0.81	0.74	DTRE
MORT	0.82	0.74		0.83	0.99	0.67	0.81	0.86	0.74	MORT
VNQI	0.89	0.79	0.83		0.8	0.81	0.91	0.88	0.51	VNQI
MVRL	0.8	0.74	0.99	0.8		0.64	0.8	0.85	0.74	MVRL
NETL	0.79	0.77	0.67	0.81	0.64		0.86	0.74	0.46	NETL
ERET	0.99	0.95	0.81	0.91	0.8	0.86		0.91	0.7	ERET
NRSH	0.91	0.81	0.86	0.88	0.85	0.74	0.91		0.67	NRSH
NURE	0.73	0.74	0.74	0.51	0.74	0.46	0.7	0.67		NURE
	VGSR	DTRE	MORT	VNQI	MVRL	NETL	ERET	NRSH	NURE

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IREIT MarketVector Constituents Risk-Adjusted Indicators

There is a big difference between IREIT Etf performing well and IREIT MarketVector 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 IREIT MarketVector'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
VGSR	0.56	0.07	0.00	0.30	0.57	(0.61)	1.39	(1.17)	3.51
DTRE	0.62	0.04	(0.04)	0.23	0.79	(0.66)	1.39	(1.44)	5.14
MORT	0.88	0.07	0.04	0.22	1.09	(0.97)	1.96	(1.36)	8.31
VNQI	0.52	0.18	0.06	(4.59)	0.43	(0.59)	1.27	(1.05)	3.12
MVRL	1.47	0.06	0.06	0.17	2.02	(1.58)	3.01	(2.31)	14.74
NETL	0.64	0.00	(0.10)	0.12	0.79	(0.72)	1.24	(1.29)	3.96
ERET	0.57	0.05	(0.03)	0.25	0.64	(0.62)	1.29	(1.27)	3.69
NRSH	0.78	0.06	0.04	0.21	0.75	(0.87)	1.68	(1.43)	5.35
NURE	0.78	(0.03)	(0.07)	0.09	0.91	(0.88)	1.76	(1.46)	5.65

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