FlexShares STOXX Correlations

Etfs . USA . 
Etf . FlexShares STOXX Global
NFRA Etf  USD 60.92  0.04  0.07%   
The current 90-days correlation between FlexShares STOXX Global and ProShares DJ Brookfield is -0.23 (i.e., Very good diversification). The correlation of FlexShares STOXX 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 STOXX Correlation With Market

Very weak diversification

The correlation between FlexShares STOXX Global and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares STOXX Global 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 STOXX Global. 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

  0.98IGF iShares Global InfraPairCorr
  0.61IFRA iShares InfrastructurePairCorr
  0.98GII SPDR SP GlobalPairCorr
  0.61SIMS SPDR SP KenshoPairCorr
  0.63INFR ClearBridge SustainablePairCorr
  0.61XKII SPDR Kensho IntelligentPairCorr
  0.92UPRO ProShares UltraPro SP500PairCorr
  0.93QTJA Innovator ETFs TrustPairCorr
  0.93QTOC Innovator ETFs TrustPairCorr
  0.93XTOC Innovator ETFs TrustPairCorr
  0.93QTAP Innovator Growth 100PairCorr
  0.93XTJA Innovator ETFs TrustPairCorr
  0.93XTAP Innovator Equity AccPairCorr
  0.66EUSB iShares TrustPairCorr
  0.87VABS Virtus Newfleet ABSMBSPairCorr
  0.93BUFD FT Cboe VestPairCorr
  0.7KGRN KraneShares MSCI ChinaPairCorr
  0.93DIS Walt DisneyPairCorr
  0.93GE GE Aerospace Earnings Call This WeekPairCorr
  0.77DD Dupont De NemoursPairCorr
  0.83AA Alcoa CorpPairCorr
  0.68T ATT Inc Earnings Call This WeekPairCorr
  0.82PFE Pfizer IncPairCorr
  0.91AXP American ExpressPairCorr
  0.84MMM 3M CompanyPairCorr
  0.88CAT CaterpillarPairCorr
  0.9IBM International Business Earnings Call This WeekPairCorr
  0.87BA BoeingPairCorr

Moving against FlexShares Etf

  0.57MCD McDonaldsPairCorr
  0.35KO Coca Cola Earnings Call TomorrowPairCorr

Related Correlations Analysis

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FlexShares STOXX Constituents Risk-Adjusted Indicators

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