Amundi Index Correlations

ALAT Etf

EUR 21.02 0.63 2.91%

The current 90-days correlation between Amundi Index Solutions and Amundi EUR PO is -0.02 (i.e., Good diversification). The correlation of Amundi Index 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.

Amundi Index Correlation With Market

Poor diversification

The correlation between Amundi Index Solutions and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi Index Solutions and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Amundi Index could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi Index 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 Amundi Index - 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 Amundi Index Solutions to buy it.

Moving together with Amundi Etf

0.81	GDXJ	VanEck Junior Gold	Pair Corr
0.84	AUCO	LG Gold Mining	Pair Corr
0.84	ESGO	AuAg Gold Mining	Pair Corr
0.82	GGMUSY	UBS ETF plc	Pair Corr
0.83	GDX	VanEck Gold Miners	Pair Corr
0.84	IAUP	iShares Gold Producers	Pair Corr
0.78	ZSILUS	ZKB Silver ETF	Pair Corr
0.97	IKOR	iShares MSCI Korea	Pair Corr
0.78	SVUSA	UBS ETF Silver	Pair Corr
0.95	MXFS	Invesco MSCI Emerging	Pair Corr
0.75	STNX	SPDR MSCI Europe	Pair Corr
0.85	EUFM	UBSFund Solutions MSCI	Pair Corr
0.89	USMUFE	UBS ETF plc	Pair Corr
0.73	AWSRIT	UBS ETF plc	Pair Corr
0.64	CU2USD	Amundi Index Solutions	Pair Corr
0.95	DCUSAS	UBS Fund Solutions	Pair Corr
0.94	RGLDOH	Raiffeisen ETF Solid	Pair Corr
0.93	JEST	JPM EUR Ultra	Pair Corr
0.84	DGRA	WisdomTree Quality	Pair Corr
0.94	CCEUA	UBS Fund Solutions	Pair Corr
0.9	IGIL	iShares Global Inflation	Pair Corr
0.66	WHEA	SPDR MSCI World	Pair Corr
0.84	IJPN	iShares MSCI Japan	Pair Corr
0.82	FTAD	SPDR FTSE UK	Pair Corr
0.94	WENE	iShares MSCI World	Pair Corr
0.93	RGRT	Raiffeisen ETF Solid	Pair Corr
0.63	IBZL	iShares MSCI Brazil	Pair Corr
0.84	EMUCHF	UBSFund Solutions MSCI	Pair Corr
0.8	HMWO	HSBC MSCI World	Pair Corr
0.89	GLDVD	UBS ETF plc	Pair Corr
0.63	LYFINW	Lyxor MSCI World	Pair Corr
0.78	ZSILHE	ZKB Silver ETF	Pair Corr
0.95	EGUSAS	UBS Fund Solutions	Pair Corr
0.86	XDEQ	Xtrackers MSCI World	Pair Corr

Moving against Amundi Etf

0.78

XRPL

CoinShares Physical XRP

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		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

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

Amundi Index Competition Risk-Adjusted Indicators

There is a big difference between Amundi Etf performing well and Amundi Index 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 Amundi Index'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	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amundi Index 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.

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