Raiffeisen ETF Correlations
| RGLDOU Etf | USD 2,232 31.50 1.43% |
The correlation of Raiffeisen ETF 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Raiffeisen ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Raiffeisen ETF Solid moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raiffeisen ETF Solid. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. Raiffeisen |
The ability to find closely correlated positions to Raiffeisen ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Raiffeisen ETF 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 Raiffeisen ETF - 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 Raiffeisen ETF Solid to buy it.
Moving together with Raiffeisen Etf
| 0.76 | VUSA | Vanguard SP 500 | PairCorr |
| 0.63 | LYJPN | Lyxor Japan UCITS | PairCorr |
| 0.72 | MSE | Lyxor UCITS Stoxx | PairCorr |
| 0.85 | IEAC | iShares Core Corp | PairCorr |
| 0.73 | EEIA | WisdomTree Europe Equity | PairCorr |
| 0.67 | EMVEUA | UBSFund Solutions MSCI | PairCorr |
| 0.93 | SX7EEX | iShares EURO STOXX | PairCorr |
Moving against Raiffeisen Etf
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Raiffeisen ETF Competition Risk-Adjusted Indicators
There is a big difference between Raiffeisen Etf performing well and Raiffeisen ETF 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 Raiffeisen ETF'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.95 | 0.20 | 0.09 | 0.21 | 2.32 | 3.27 | 30.88 | |||
| MSFT | 1.04 | (0.03) | (0.02) | 0.03 | 1.20 | 2.22 | 5.87 | |||
| UBER | 1.64 | 0.01 | 0.03 | 0.07 | 1.69 | 2.83 | 18.39 | |||
| F | 1.55 | (0.04) | 0.02 | 0.05 | 1.93 | 4.88 | 10.80 | |||
| T | 0.85 | (0.09) | 0.00 | (0.25) | 0.00 | 1.61 | 4.04 | |||
| A | 1.22 | 0.10 | 0.03 | 1.51 | 1.29 | 2.29 | 6.31 | |||
| CRM | 1.20 | (0.13) | 0.00 | (0.02) | 0.00 | 2.64 | 10.84 | |||
| JPM | 0.76 | 0.08 | 0.06 | 0.13 | 1.26 | 1.94 | 8.65 | |||
| MRK | 0.61 | (0.02) | (0.06) | 0.03 | 0.71 | 1.18 | 6.69 | |||
| XOM | 0.79 | 0.18 | 0.14 | 0.48 | 0.77 | 1.77 | 5.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Raiffeisen ETF 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.Did you try this?
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Already Invested in Raiffeisen ETF Solid?
The danger of trading Raiffeisen ETF Solid is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Raiffeisen ETF is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Raiffeisen ETF. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Raiffeisen ETF Solid is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raiffeisen ETF Solid. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Please note, there is a significant difference between Raiffeisen ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Raiffeisen ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Raiffeisen ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.