Van Eck Correlations

Etfs . USA . 
Etf . Van Eck
EFUT Etf   19.63  0.00  0.00%   
The correlation of Van Eck 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.

Van Eck Correlation With Market

Good diversification

The correlation between Van Eck and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Van Eck and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Van Etf

  0.78JAMF Jamf HoldingPairCorr
  0.91GMM Global Mofy MetaversePairCorr
  0.69GRNB VanEck Green BondPairCorr
  0.73ERO Ero Copper CorpPairCorr

Moving against Van Etf

  0.85XLF Financial Select Sector Aggressive PushPairCorr
  0.84JEPQ JPMorgan Nasdaq EquityPairCorr
  0.82FMAR FT Cboe VestPairCorr
  0.81OEF iShares SP 100PairCorr
  0.81DIVB iShares DividendPairCorr
  0.81VOO Vanguard SP 500PairCorr
  0.8JEPI JPMorgan Equity PremiumPairCorr
  0.8VIS Vanguard IndustrialsPairCorr
  0.8XLC Communication Services Sell-off TrendPairCorr
  0.79WINN Harbor Long TermPairCorr
  0.78XM ElkhornPairCorr
  0.77QQQ Invesco QQQ Trust Aggressive PushPairCorr
  0.77DIVG Invesco Exchange TradedPairCorr
  0.74BUG Global X CybersecurityPairCorr
  0.73TQQQ ProShares UltraPro QQQ Aggressive PushPairCorr
  0.73DISO Tidal Trust IIPairCorr
  0.64HHH Howard HughesPairCorr
  0.63XLE Energy Select Sector Aggressive PushPairCorr
  0.59YBIT Tidal Trust IIPairCorr
  0.55DRVN Driven Brands HoldingsPairCorr
  0.46OLO Olo IncPairCorr
  0.45FMAT Fidelity MSCI MaterialsPairCorr
  0.34GMET VanEck Vectors ETFPairCorr
  0.9USFR WisdomTree Floating RatePairCorr
  0.85PUTW WisdomTree CBOE SPPairCorr
  0.84FDN First Trust DowPairCorr
  0.81IVV iShares Core SPPairCorr
  0.81VTI Vanguard Total StockPairCorr
  0.8VONG Vanguard Russell 1000PairCorr
  0.8LRGC AB Active ETFs,PairCorr
  0.8SCHD Schwab Dividend EquityPairCorr
  0.79DIA SPDR Dow JonesPairCorr

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   
JPM
+ 0.81
CRM
XOM
+ 0.73
META
CRM
+ 0.71
META
CRM
+ 0.71
T
XOM
+ 0.68
CRM
MRK
+ 0.63
A
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.82
JPM
MRK
- 0.75
T
JPM
- 0.65
A
MRK
- 0.57
META
XOM
- 0.56
MRK

Van Eck Competition Risk-Adjusted Indicators

There is a big difference between Van Etf performing well and Van Eck 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 Van Eck'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.05  0.01 (0.01) 0.12  1.40 
(1.14)
 2.62 
(3.15)
 8.02 
MSFT  0.90 (0.11) 0.00 (0.05) 0.00 
 0.00 
 2.09 
(2.02)
 8.19 
UBER  1.56 (0.16) 0.00 (0.06) 0.00 
 0.00 
 2.53 
(2.44)
 20.10 
F  1.39 (0.12)(0.03) 0.02  2.20 
(1.34)
 2.53 
(2.90)
 11.72 
T  0.92  0.26  0.15  57.17  0.86 
(1.04)
 2.56 
(1.72)
 6.47 
A  1.12 (0.13) 0.00 (0.16) 0.00 
 0.00 
 2.29 
(2.42)
 9.02 
CRM  1.28  0.27  0.23  0.33  0.92 
(1.51)
 3.18 
(1.91)
 9.09 
JPM  1.11  0.03  0.07  0.12  1.44 
(1.15)
 2.05 
(2.00)
 15.87 
MRK  0.85 (0.24) 0.00 (1.03) 0.00 
 0.00 
 1.73 
(2.13)
 4.89 
XOM  1.04  0.06  0.01  0.20  1.20 
(1.10)
 2.14 
(2.09)
 5.78 

Van Eck Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Van Eck etf to make a market-neutral strategy. Peer analysis of Van Eck could also be used in its relative valuation, which is a method of valuing Van Eck by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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