Capital Group Correlations

CGIC Etf

24.58 0.01 0.04%

The current 90-days correlation between Capital Group Intern and Freedom Day Dividend is 0.51 (i.e., Very weak diversification). The correlation of Capital Group 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.

Capital Group Correlation With Market

Very weak diversification

The correlation between Capital Group International and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group International 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 Capital Group International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Capital Etf

0.91	VEA	Vanguard FTSE Developed	Pair Corr
0.89	IEFA	iShares Core MSCI	Pair Corr
0.99	VEU	Vanguard FTSE All	Pair Corr
0.88	EFA	iShares MSCI EAFE	Pair Corr
0.99	IXUS	iShares Core MSCI	Pair Corr
0.92	SPDW	SPDR SP World	Pair Corr
0.92	IDEV	iShares Core MSCI	Pair Corr
0.88	ESGD	iShares ESG Aware	Pair Corr
0.85	JIRE	JP Morgan Exchange	Pair Corr
0.98	DFAX	Dimensional World	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.73	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.64	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Capital Etf

0.52	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.43	AMZA	InfraCap MLP ETF	Pair Corr
0.42	YCS	ProShares UltraShort Yen	Pair Corr
0.41	SGG	Barclays Capital	Pair Corr
0.38	TBT	ProShares UltraShort	Pair Corr
0.37	MLPR	ETRACS Quarterly Pay	Pair Corr
0.62	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.45	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.44	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC
MBOX		0.42	0.38	0.38	0.74	0.44	0.82	0.82	0.08	MBOX
DINT	0.42		0.98	0.61	0.63	0.24	0.69	0.8	0.11	DINT
MCHI	0.38	0.98		0.57	0.54	0.22	0.62	0.73	0.12	MCHI
DIVS	0.38	0.61	0.57		0.34	-0.12	0.36	0.62	0.74	DIVS
DIVZ	0.74	0.63	0.54	0.34		0.4	0.96	0.85	-0.22	DIVZ
FM	0.44	0.24	0.22	-0.12	0.4		0.47	0.44	-0.2	FM
PY	0.82	0.69	0.62	0.36	0.96	0.47		0.92	-0.2	PY
VT	0.82	0.8	0.73	0.62	0.85	0.44	0.92		0.15	VT
XC	0.08	0.11	0.12	0.74	-0.22	-0.2	-0.2	0.15		XC
	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC

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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

MCHI	+ 0.98	DINT
PY	+ 0.96	DIVZ
VT	+ 0.92	PY
VT	+ 0.85	DIVZ
PY	+ 0.82	MBOX
VT	+ 0.82	MBOX

High negative correlations

XC	- 0.22	DIVZ
XC	- 0.2	PY
XC	- 0.2	FM
FM	- 0.12	DIVS

Capital Group Constituents Risk-Adjusted Indicators

There is a big difference between Capital Etf performing well and Capital Group 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 Capital Group'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
MBOX	0.61	(0.04)	(0.07)	0.08	0.61	(0.73)	1.51	(1.29)	3.59
DINT	1.25	0.12	0.03	0.35	1.70	(1.27)	3.13	(2.15)	10.90
MCHI	1.94	0.16	0.02	0.87	2.58	(2.12)	5.40	(3.25)	19.77
DIVS	0.48	(0.05)	(0.17)	0.02	0.57	(0.51)	1.07	(1.10)	2.41
DIVZ	0.47	0.03	(0.03)	0.18	0.23	(0.59)	1.12	(0.68)	2.35
FM	0.15	0.00	(0.57)	0.13	0.18	(0.16)	0.29	(0.32)	0.80
PY	0.56	0.02	0.01	0.14	0.40	(0.67)	1.20	(0.96)	3.91
VT	0.56	(0.03)	(0.08)	0.08	0.65	(0.61)	1.24	(1.03)	3.42
XC	0.70	(0.10)	0.00	(0.08)	0.00	0.00	1.69	(1.25)	4.20

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