FT Vest Correlations

APXM Etf

31.05 0.00 0.00%

The current 90-days correlation between FT Vest Equity and FT Vest Equity is 0.72 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FT Vest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FT Vest Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FT Vest Correlation With Market

Very weak diversification

The correlation between FT Vest Equity and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FT Vest Equity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with APXM Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in FT Vest Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with APXM Etf

0.75	VTI	Vanguard Total Stock	Pair Corr
0.76	SPY	SPDR SP 500	Pair Corr
0.76	IVV	iShares Core SP	Pair Corr
0.87	VTV	Vanguard Value Index	Pair Corr
0.89	VEA	Vanguard FTSE Developed	Pair Corr
0.64	VB	Vanguard Small Cap	Pair Corr
0.78	ITDD	iShares Trust	Pair Corr
0.74	AMPD	Tidal ETF Services	Pair Corr
0.93	CPST	Calamos ETF Trust	Pair Corr
0.63	ITWO	Proshares Russell 2000	Pair Corr
0.76	MCD	McDonalds	Pair Corr
0.86	MRK	Merck Company	Pair Corr
0.8	WMT	Walmart Common Stock	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr
0.91	BAC	Bank of America	Pair Corr
0.86	AXP	American Express	Pair Corr
0.79	XOM	Exxon Mobil Corp	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.64	IBM	International Business	Pair Corr
0.62	KO	Coca Cola	Pair Corr
0.79	CAT	Caterpillar	Pair Corr

Moving against APXM Etf

0.73	PG	Procter Gamble	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.47	-0.55	0.42	-0.44	0.23	-0.21	-0.45	-0.59	META
MSFT	0.67		0.85	-0.54	0.41	-0.13	-0.01	-0.38	-0.8	-0.63	MSFT
UBER	0.47	0.85		-0.58	0.54	-0.02	-0.25	-0.43	-0.86	-0.66	UBER
F	-0.55	-0.54	-0.58		-0.65	0.33	0.33	0.52	0.64	0.78	F
T	0.42	0.41	0.54	-0.65		-0.14	-0.59	-0.4	-0.42	-0.56	T
A	-0.44	-0.13	-0.02	0.33	-0.14		-0.36	-0.32	0.14	0.12	A
CRM	0.23	-0.01	-0.25	0.33	-0.59	-0.36		0.49	0.2	0.3	CRM
JPM	-0.21	-0.38	-0.43	0.52	-0.4	-0.32	0.49		0.52	0.52	JPM
MRK	-0.45	-0.8	-0.86	0.64	-0.42	0.14	0.2	0.52		0.74	MRK
XOM	-0.59	-0.63	-0.66	0.78	-0.56	0.12	0.3	0.52	0.74		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

UBER	+ 0.85	MSFT
XOM	+ 0.78	F
XOM	+ 0.74	MRK
MSFT	+ 0.67	META
MRK	+ 0.64	F
T	+ 0.54	UBER

High negative correlations

MRK	- 0.86	UBER
MRK	- 0.8	MSFT
XOM	- 0.66	UBER
T	- 0.65	F
XOM	- 0.63	MSFT
CRM	- 0.59	T

FT Vest Competition Risk-Adjusted Indicators

There is a big difference between APXM Etf performing well and FT Vest 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 FT Vest'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	1.39	(0.21)	0.00	(0.18)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.89	(0.12)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.34)	0.00	(0.28)	0.00	0.00	2.60	(3.82)	10.51
F	1.47	0.09	0.06	0.11	1.67	(1.63)	3.38	(2.63)	16.30
T	0.95	(0.18)	0.00	(0.68)	0.00	0.00	1.61	(2.18)	5.75
A	1.21	0.10	0.07	0.14	1.22	(1.36)	2.34	(2.21)	11.03
CRM	1.50	0.08	0.04	0.13	1.88	(1.51)	3.66	(2.92)	9.91
JPM	1.06	(0.02)	(0.01)	0.03	1.44	(1.11)	2.00	(1.91)	7.02
MRK	1.42	0.43	0.32	0.55	0.97	(1.87)	4.85	(1.98)	11.45
XOM	0.90	0.08	0.04	0.39	0.87	(0.99)	1.96	(1.41)	4.99

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