| AFK Etf | | | USD 16.76 0.37 2.26% |
The current 90-days correlation between VanEck Africa Index and iShares MSCI Finland is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Africa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Africa Index moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
VanEck Africa Correlation With Market
Average diversification
The correlation between VanEck Africa Index and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Africa Index and DJI in the same portfolio, assuming nothing else is changed.
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