VanEck Video Correlations

ESPO Etf

USD 86.31 0.14 0.16%

The current 90-days correlation between VanEck Video Gaming and Roundhill Video Games is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Video moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Video Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Video Correlation With Market

Modest diversification

The correlation between VanEck Video Gaming and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Video Gaming 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 Video Gaming. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with VanEck Etf

0.88	XLC	Communication Services	Pair Corr
0.84	VOX	Vanguard Communication	Pair Corr
0.83	FCOM	Fidelity MSCI Commun	Pair Corr
0.76	IYZ	IShares Telecommunicatio	Pair Corr
0.79	IXP	iShares Global Comm	Pair Corr
0.66	HERO	Global X Video	Pair Corr
0.71	SOCL	Global X Social	Pair Corr
0.75	GAMR	Amplify ETF Trust	Pair Corr
0.61	TOAK	Manager Directed Por	Pair Corr
0.75	VTI	Vanguard Total Stock	Pair Corr
0.77	SPY	SPDR SP 500	Pair Corr
0.77	IVV	iShares Core SP	Pair Corr
0.87	IWF	iShares Russell 1000	Pair Corr
0.62	OBIL	US Treasury 12	Pair Corr
0.72	IBM	International Business	Pair Corr
0.7	MSFT	Microsoft	Pair Corr

Moving against VanEck Etf

0.38

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Pair Corr

Related Correlations Analysis

	NERD	HERO	GAMR	CLOU	WCLD
NERD		0.7	0.75	0.81	0.78	NERD
HERO	0.7		0.95	0.65	0.68	HERO
GAMR	0.75	0.95		0.76	0.78	GAMR
CLOU	0.81	0.65	0.76		0.97	CLOU
WCLD	0.78	0.68	0.78	0.97		WCLD
	NERD	HERO	GAMR	CLOU	WCLD

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VanEck Video Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Video 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 Video'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
NERD	1.08	0.22	0.10	1.08	1.34	(1.20)	2.17	(2.08)	10.24
HERO	1.01	0.05	(0.01)	0.34	1.34	(1.05)	1.85	(2.21)	6.60
GAMR	0.91	0.09	0.02	0.64	1.13	(0.99)	2.10	(1.71)	7.88
CLOU	1.20	0.31	0.19	0.56	1.15	(1.41)	2.71	(2.08)	8.82
WCLD	1.39	0.30	0.16	0.55	1.40	(1.52)	3.30	(2.48)	9.74

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