FlexShares Credit Correlations

Etfs . USA . 
Etf . FlexShares Credit Scored Long
LKOR Etf  USD 41.52  0.09  0.22%   
The current 90-days correlation between FlexShares Credit and SPDR Barclays Long is 0.07 (i.e., Significant diversification). The correlation of FlexShares Credit 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.

FlexShares Credit Correlation With Market

Very weak diversification

The correlation between FlexShares Credit Scored Long and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Credit Scored Long and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with FlexShares Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in FlexShares Credit Scored Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with FlexShares Etf

  0.88BLV Vanguard Long TermPairCorr
  1.0IGLB iShares 10 YearPairCorr
  0.91SPLB SPDR Barclays LongPairCorr
  0.94FFIU Fieldstone UVA UnconPairCorr
  0.71DFEN Direxion Daily AerospacePairCorr
  0.71VYMI Vanguard InternationalPairCorr
  0.8FXED Tidal ETF TrustPairCorr
  0.72SPY SPDR SP 500 Sell-off TrendPairCorr
  0.73DECW AIM ETF ProductsPairCorr
  0.71VFVA Vanguard Value FactorPairCorr
  0.73NFLX Netflix Downward RallyPairCorr
  0.73SAUG First Trust ExchangePairCorr
  0.92SPIB SPDR Barclays IntermPairCorr
  0.92HIDE Alpha Architect HighPairCorr
  0.65CERY SPDR Series TrustPairCorr
  0.96FCOR Fidelity Corporate BondPairCorr
  0.68DFAS Dimensional Small CapPairCorr
  0.76VSS Vanguard FTSE AllPairCorr
  0.89EUSB iShares TrustPairCorr
  0.73DFEV Dimensional ETF TrustPairCorr
  0.76CPSD Calamos ETF TrustPairCorr
  0.69DCPE DoubleLine Shiller CAPEPairCorr
  0.69SITC Site Centers CorpPairCorr
  0.68SUPP TCW Transform SupplyPairCorr
  0.69VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.76SOXX iShares Semiconductor ETFPairCorr
  0.83VABS Virtus Newfleet ABSMBSPairCorr
  0.69PALL abrdn Physical PalladiumPairCorr
  0.71CGGO Capital Group GlobalPairCorr
  0.71VBF Invesco Van KampenPairCorr
  0.68QTOC Innovator ETFs TrustPairCorr
  0.7EFAA Invesco Actively ManagedPairCorr

Moving against FlexShares Etf

  0.67WTID UBS ETRACSPairCorr

Related Correlations Analysis

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FlexShares Credit Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Credit 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 Credit'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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