VanEck JP Correlations

EMLC Etf

USD 23.56 0.19 0.80%

The current 90-days correlation between VanEck JP Morgan and Invesco Emerging Markets is 0.6 (i.e., Poor diversification). The correlation of VanEck JP 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.

VanEck JP Correlation With Market

Modest diversification

The correlation between VanEck JP Morgan and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck JP Morgan and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in VanEck JP Morgan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with VanEck Etf

0.98	LEMB	iShares JP Morgan	Pair Corr
0.95	FEMB	First Trust Emerging	Pair Corr
0.7	CBON	VanEck China Bond	Pair Corr
0.79	CEW	WisdomTree Emerging	Pair Corr
0.63	KO	Coca Cola Earnings Call This Week	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr

Moving against VanEck Etf

0.5	FTSL	First Trust Senior	Pair Corr
0.43	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.41	BA	Boeing	Pair Corr
0.31	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	PCY	LTPZ	EBND	EMB	ELD
PCY		0.84	0.68	0.9	0.59	PCY
LTPZ	0.84		0.72	0.68	0.74	LTPZ
EBND	0.68	0.72		0.71	0.83	EBND
EMB	0.9	0.68	0.71		0.56	EMB
ELD	0.59	0.74	0.83	0.56		ELD
	PCY	LTPZ	EBND	EMB	ELD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

VanEck JP Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck JP 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 VanEck JP'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
PCY	0.45	(0.03)	0.00	(0.05)	0.00	0.00	1.26	(0.75)	3.80
LTPZ	0.55	(0.07)	0.00	(0.32)	0.00	0.00	1.18	(1.15)	3.26
EBND	0.37	(0.02)	0.00	(0.08)	0.00	0.00	0.80	(0.75)	3.33
EMB	0.30	0.00	(0.19)	0.06	0.37	(0.33)	0.69	(0.54)	2.60
ELD	0.65	(0.04)	0.00	(0.17)	0.00	0.00	1.51	(1.24)	3.70

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC