Amundi Index Correlations

EPRE Etf  EUR 312.92  0.26  0.08%   
The current 90-days correlation between Amundi Index Solutions and Amundi Index Solutions is 0.16 (i.e., Average diversification). The correlation of Amundi Index 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.

Amundi Index Correlation With Market

Modest diversification

The correlation between Amundi Index Solutions and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi Index Solutions and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Amundi Index could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi Index when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amundi Index - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amundi Index Solutions to buy it.

Moving together with Amundi Etf

  0.66CAC Amundi CAC 40PairCorr
  0.66CACC Lyxor CAC 40PairCorr
  1.0MEH Lyxor UCITS FTSEPairCorr
  1.0PMEH Amundi PEA ImmobilierPairCorr
  0.99EEP BNP Paribas EasyPairCorr
  0.83EEE BNP Paribas EasyPairCorr
  0.88EEA BNP Paribas EasyPairCorr
  0.67HLT Lyxor Index FundPairCorr
  0.64STW SPDR MSCI EuropePairCorr

Moving against Amundi Etf

  0.69SPY5 SPDR SP 500PairCorr
  0.68HHH HSBC SP 500PairCorr
  0.48JPNH Lyxor UCITS JapanPairCorr
  0.45GBS Gold Bullion SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
JPMCRM
XOMMETA
CRMMETA
CRMT
XOMCRM
TMETA
  
High negative correlations   
MRKCRM
MRKJPM
MRKT
JPMA
MRKMETA
XOMMRK

Amundi Index Competition Risk-Adjusted Indicators

There is a big difference between Amundi Etf performing well and Amundi Index 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 Amundi Index'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  1.07  0.05  0.02  0.16  1.41 
 2.62 
 8.02 
MSFT  0.89 (0.10) 0.00 (0.05) 0.00 
 2.08 
 8.19 
UBER  1.56 (0.15) 0.00 (0.06) 0.00 
 2.53 
 20.10 
F  1.40 (0.09)(0.02) 0.02  2.20 
 2.53 
 11.72 
T  0.91  0.26  0.16 (47.59) 0.84 
 2.56 
 6.47 
A  1.09 (0.16) 0.00 (0.27) 0.00 
 2.11 
 9.02 
CRM  1.25  0.24  0.20  0.30  0.94 
 3.18 
 9.09 
JPM  1.09  0.03  0.06  0.10  1.43 
 2.05 
 15.87 
MRK  0.83 (0.26) 0.00 (1.64) 0.00 
 1.68 
 4.89 
XOM  1.03  0.04  0.00  0.15  1.22 
 2.14 
 5.78 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amundi Index without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Funds Screener Now

   

Funds Screener

Find actively-traded funds from around the world traded on over 30 global exchanges
All  Next Launch Module