| VRAI Etf | | | USD 23.30 0.04 0.17% |
The current 90-days correlation between Virtus Real Asset and JPMorgan BetaBuilders MSCI is 0.66 (i.e., Poor diversification). The correlation of Virtus Real 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.
Virtus Real Correlation With Market
Very weak diversification
The correlation between Virtus Real Asset and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Real Asset and DJI in the same portfolio, assuming nothing else is changed.
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World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Real Asset. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in nation.