Van Eck Correlations

SMI Etf

USD 44.33 0.00 0.00%

The current 90-days correlation between Van Eck and Formidable Fortress ETF is 0.02 (i.e., Significant diversification). The correlation of Van Eck 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.

Van Eck Correlation With Market

Good diversification

The correlation between Van Eck and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Van Eck and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against Van Etf

0.67	KGRN	KraneShares MSCI China	Pair Corr
0.66	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.65	DUSL	Direxion Daily Indus	Pair Corr
0.62	BUFD	FT Cboe Vest	Pair Corr
0.6	FNGO	MicroSectors FANG Index	Pair Corr
0.58	TFI	SPDR Nuveen Bloomberg	Pair Corr
0.55	MLPR	ETRACS Quarterly Pay	Pair Corr
0.52	USD	ProShares Ultra Semi	Pair Corr
0.52	DFEN	Direxion Daily Aerospace	Pair Corr
0.47	DIG	ProShares Ultra Oil	Pair Corr
0.46	MMIN	IQ MacKay Municipal	Pair Corr
0.46	AMZA	InfraCap MLP ETF	Pair Corr
0.41	FLMB	Franklin Liberty Federal	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.67	AXP	American Express	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.59	GE	GE Aerospace Earnings Call Today	Pair Corr
0.58	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.58	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.56	INTC	Intel Earnings Call This Week	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.41	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr
0.36	PFE	Pfizer Inc	Pair Corr
0.32	WMT	Walmart	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.81	0.54	0.92	0.25	0.93	0.23	0.54	META
MSFT	0.98		0.86	0.84	0.5	0.88	0.25	0.95	0.24	0.53	MSFT
UBER	0.84	0.86		0.9	0.4	0.8	0.52	0.88	0.21	0.48	UBER
F	0.81	0.84	0.9		0.39	0.84	0.24	0.91	0.43	0.7	F
T	0.54	0.5	0.4	0.39		0.51	0.15	0.49	0.27	0.21	T
A	0.92	0.88	0.8	0.84	0.51		0.16	0.89	0.33	0.66	A
CRM	0.25	0.25	0.52	0.24	0.15	0.16		0.19	-0.27	-0.14	CRM
JPM	0.93	0.95	0.88	0.91	0.49	0.89	0.19		0.3	0.6	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.33	-0.27	0.3		0.55	MRK
XOM	0.54	0.53	0.48	0.7	0.21	0.66	-0.14	0.6	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.27	CRM
XOM	- 0.14	CRM

Van Eck Competition Risk-Adjusted Indicators

There is a big difference between Van Etf performing well and Van Eck 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 Van Eck'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	1.50	0.30	0.24	0.36	1.02	(1.80)	3.99	(2.35)	10.48
MSFT	0.89	0.31	0.27	0.48	0.52	(1.06)	2.33	(1.08)	8.85
UBER	1.63	0.19	0.12	0.32	1.40	(2.06)	4.19	(2.54)	10.87
F	1.29	0.20	0.10	0.41	1.39	(1.42)	2.69	(2.33)	7.46
T	1.03	(0.05)	(0.09)	0.02	1.34	(1.08)	2.35	(2.35)	5.71
A	1.46	0.18	0.00	(0.42)	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.14)	(0.05)	0.04	1.71	(1.31)	2.95	(3.19)	9.31
JPM	0.90	0.35	0.18	(2.74)	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.38	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.06	(0.03)	0.46	1.38	(1.13)	2.40	(2.58)	6.28

Van Eck Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Van Eck etf to make a market-neutral strategy. Peer analysis of Van Eck could also be used in its relative valuation, which is a method of valuing Van Eck by comparing valuation metrics with similar companies.

Formidable Fortress ETF CN Sonida Senior Living China Yuchai International Nine Energy Service American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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