Barrons 400 Correlations

Etfs . USA . 
Etf . Barrons 400 ETF
BFOR Etf  USD 78.96  0.31  0.39%   
The current 90-days correlation between Barrons 400 ETF and FlexShares Quality Dividend is 0.81 (i.e., Very poor diversification). The correlation of Barrons 400 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.

Barrons 400 Correlation With Market

Almost no diversification

The correlation between Barrons 400 ETF and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrons 400 ETF and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrons 400 ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Barrons Etf

  0.98VO Vanguard Mid CapPairCorr
  1.0VXF Vanguard Extended MarketPairCorr
  0.99IJH iShares Core SPPairCorr
  0.99IWR iShares Russell Mid Sell-off TrendPairCorr
  0.99MDY SPDR SP MIDCAPPairCorr
  0.94FV First Trust DorseyPairCorr
  0.99IVOO Vanguard SP MidPairCorr
  0.99JHMM John Hancock MultifactorPairCorr
  1.0BBMC JPMorgan BetaBuilders MidPairCorr
  0.97REGL ProShares SP MidCap Low VolatilityPairCorr
  0.97VTI Vanguard Total StockPairCorr
  0.95SPY SPDR SP 500 Aggressive PushPairCorr
  0.95IVV iShares Core SPPairCorr
  0.94VTV Vanguard Value Index Sell-off TrendPairCorr
  0.95VUG Vanguard Growth IndexPairCorr
  1.0VB Vanguard Small CapPairCorr
  0.65XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.77CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.74HD Home Depot Sell-off TrendPairCorr
  0.92CSCO Cisco Systems Aggressive PushPairCorr
  0.89AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.92CVX Chevron Corp Sell-off TrendPairCorr
  0.71T ATT Inc Aggressive PushPairCorr
  0.77TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.93BAC Bank of America Aggressive PushPairCorr
  0.86HPQ HP IncPairCorr
  0.87DIS Walt Disney Aggressive PushPairCorr
  0.87INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Barrons Etf

  0.73BND Vanguard Total BondPairCorr
  0.58VEA Vanguard FTSE DevelopedPairCorr
  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.8KO Coca Cola Sell-off TrendPairCorr
  0.75PFE Pfizer Inc Aggressive PushPairCorr
  0.66BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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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   
QUS
+ 0.96
QDF
CSD
+ 0.93
QDF
QUS
+ 0.93
CSD
ATMP
+ 0.85
CSD
ATMP
+ 0.82
QUS
ATMP
+ 0.72
QDF
  
High negative correlations   
ATMP
- 0.83
IDOG
IDOG
- 0.59
CSD
IDOG
- 0.56
QUS
IDOG
- 0.4
QDF

Barrons 400 Constituents Risk-Adjusted Indicators

There is a big difference between Barrons Etf performing well and Barrons 400 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 Barrons 400'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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