Affinity World Correlations

Etfs . USA . 
Etf . Affinity World Leaders
WLDR Etf  USD 33.81  0.31  0.93%   
The current 90-days correlation between Affinity World Leaders and ABLG is 0.67 (i.e., Poor diversification). The correlation of Affinity World 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.

Affinity World Correlation With Market

Very weak diversification

The correlation between Affinity World Leaders and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affinity World Leaders and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Affinity Etf

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Related Correlations Analysis

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Affinity World Constituents Risk-Adjusted Indicators

There is a big difference between Affinity Etf performing well and Affinity World 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 Affinity World'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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