Lyxor MSCI Correlations

Etfs . Switzerland . 
Etf . Lyxor MSCI Brazil
LYRIO Etf  USD 20.91  0.16  0.77%   
The current 90-days correlation between Lyxor MSCI Brazil and SPDR MSCI EM is 0.22 (i.e., Modest diversification). The correlation of Lyxor MSCI 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.

Lyxor MSCI Correlation With Market

Modest diversification

The correlation between Lyxor MSCI Brazil and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor MSCI Brazil and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lyxor MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyxor MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lyxor MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lyxor MSCI Brazil to buy it.

Moving together with Lyxor Etf

  0.73FTAL SPDR FTSE UKPairCorr
  0.82EMLB PIMCO Emerging MarketsPairCorr
  0.77SXLY SPDR SP ConsumerPairCorr
  0.69JREZ JPM Eurozone ResearchPairCorr
  0.7CSUKX iShares VII PLCPairCorr
  0.8FUSD Fidelity Quality IncomePairCorr
  0.73BRIC iShares BRIC 50PairCorr
  0.94IBZL iShares MSCI BrazilPairCorr
  0.8JMBA JPMorgan ETFs ICAVPairCorr
  0.86ALAT Amundi Index SolutionsPairCorr
  0.62PR1CH Amundi EUR POPairCorr
  0.65JPNJPA UBSFund Solutions MSCIPairCorr
  0.74ESE BNP Paribas EasyPairCorr
  0.78SXLF SPDR SP FinancialsPairCorr
  0.914BRZ iShares MSCI BrazilPairCorr
  0.79SEMI iShares MSCI GlobalPairCorr
  0.84CSNKY iShares VII PLCPairCorr
  0.76HDRO VanEck Hydrogen EconomyPairCorr
  0.8EMPA UBS ETF plcPairCorr
  0.81SMCX SPDR MSCI EuropePairCorr
  0.81JPGL JPM Global EquityPairCorr
  0.67MDAXEX iShares MDAX UCITSPairCorr
  0.76XLKS Invesco TechnologyPairCorr
  0.85LYJPN Lyxor Japan UCITSPairCorr
  0.8CSNDX iShares NASDAQ 100PairCorr
  0.72CBUS5A UBSFund SolutionsPairCorr
  0.8IUSA iShares SP 500PairCorr
  0.78EQAC Invesco EQQQ NASDAQPairCorr
  0.64VUSA Vanguard SP 500PairCorr

Moving against Lyxor Etf

  0.35AVAX 21Shares Avalanche ETPPairCorr
  0.57BOLD 21Shares Bytetree BOLDPairCorr
  0.32POLY 21Shares Polygon ETPPairCorr

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   
MSFT
+ 0.98
META
JPM
+ 0.96
MSFT
JPM
+ 0.93
META
A
+ 0.92
META
JPM
+ 0.9
F
F
+ 0.89
UBER
  
High negative correlations   
MRK
- 0.28
CRM
XOM
- 0.17
CRM

Lyxor MSCI Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor MSCI 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 Lyxor MSCI'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.47  0.31  0.27  0.41  0.82 
(1.80)
 3.99 
(2.00)
 10.48 
MSFT  0.86  0.33  0.38  0.59  0.00 
(1.06)
 2.33 
(1.03)
 8.85 
UBER  1.61  0.18  0.12  0.34  1.40 
(2.02)
 4.19 
(2.54)
 10.87 
F  1.30  0.17  0.08  0.40  1.40 
(1.42)
 2.69 
(2.33)
 7.46 
T  1.00 (0.02)(0.10) 0.10  1.30 
(1.05)
 2.35 
(2.35)
 5.71 
A  1.50 (0.07) 0.02  0.12  1.79 
(1.57)
 2.58 
(2.89)
 14.01 
CRM  1.30 (0.15)(0.04) 0.06  1.69 
(1.29)
 2.95 
(3.19)
 9.31 
JPM  0.87  0.22  0.18  0.42  0.58 
(0.99)
 2.25 
(1.31)
 6.03 
MRK  1.38  0.11 (0.06)(0.10) 1.96 
(1.32)
 2.88 
(3.31)
 10.58 
XOM  1.12  0.04 (0.06) 0.32  1.38 
(1.11)
 2.40 
(2.58)
 6.28 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lyxor MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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