Capital Group Correlations

Etfs . USA . 
Etf . Capital Group International
CGXU Etf  USD 25.13  0.10  0.40%   
The current 90-days correlation between Capital Group Intern and Capital Group Dividend is 0.55 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Capital Group Correlation With Market

Significant diversification

The correlation between Capital Group International and DJI is 0.08 (i.e., Significant 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 interest.

Moving together with Capital Etf

  0.96EFG iShares MSCI EAFEPairCorr
  0.7VIGI Vanguard InternationalPairCorr
  0.94DNL WisdomTree GlobalPairCorr
  0.95IQDG WisdomTree InternationalPairCorr
  0.94IDHQ Invesco SP InternationalPairCorr
  0.95BKCI BNY Mellon ETFPairCorr

Moving against Capital Etf

  0.33ARKW ARK Next GenerationPairCorr
  0.73SEIX Virtus ETF TrustPairCorr
  0.71BRLN Blackrock ETF TrustPairCorr
  0.66TSL GraniteShares 125x LongPairCorr
  0.56YMAG YieldMax MagnificentPairCorr
  0.47UMI USCF Midstream EnergyPairCorr
  0.42ICSH iShares Ultra ShortPairCorr
  0.4PJAN Innovator SP 500PairCorr
  0.36BTC Grayscale Bitcoin MiniPairCorr
  0.78BILS SPDR Series TrustPairCorr
  0.7YEAR AB Ultra ShortPairCorr
  0.69XDEC First Trust ExchangePairCorr
  0.59TSLY Tidal Trust IIPairCorr
  0.58FLDR Fidelity Low DurationPairCorr
  0.58PBDC Putnam ETF TrustPairCorr

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   
CGCP
+ 0.8
CGGO
CGGO
+ 0.79
CGDV
CGCP
+ 0.78
CGDV
CGUS
+ 0.48
CGGO
CGCP
+ 0.26
CGUS
CGUS
+ 0.23
CGDV
  
High negative correlations   
CGCP
- 0.0
CGGR
CGUS
- 0.0
CGGR
CGGR
- 0.0
CGGO
CGGR
- 0.0
CGDV

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.

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