First Trust Correlations

FEMB Etf

USD 30.54 0.17 0.56%

The current 90-days correlation between First Trust Emerging and ETF Series Solutions is 0.03 (i.e., Significant diversification). The correlation of First Trust 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.

First Trust Correlation With Market

Poor diversification

The correlation between First Trust Emerging and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

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

Moving together with First Etf

0.98	LEMB	iShares JP Morgan	Pair Corr
0.97	CEW	WisdomTree Emerging	Pair Corr
0.7	TOT	Advisor Managed Port	Pair Corr
0.8	SHLD	Global X Defense	Pair Corr
0.77	LUX	Tema Global	Pair Corr
0.78	FB	ProShares Trust ProShares	Pair Corr
0.84	SWP	SWP Growth Income	Pair Corr
0.77	FNGD	MicroSectors FANG Index Downward Rally	Pair Corr
0.88	CALY	Callaway Golf Symbol Change	Pair Corr
0.95	ABI	VictoryShares Pioneer	Pair Corr
0.93	IBMR	iShares Trust	Pair Corr
0.92	VUSB	Vanguard Ultra Short Sell-off Trend	Pair Corr
0.62	IEO	iShares Oil Gas Low Volatility	Pair Corr
0.94	VAW	Vanguard Materials Index	Pair Corr
0.81	STXK	EA Series Trust	Pair Corr
0.86	AHYB	American Century ETF	Pair Corr
0.86	SMH	VanEck Semiconductor ETF	Pair Corr
0.63	BND	Vanguard Total Bond	Pair Corr
0.75	AWEG	Fred Alger Management	Pair Corr
0.74	ISCG	iShares Morningstar	Pair Corr
0.75	EATZ	AdvisorShares Restaurant	Pair Corr
0.85	DBJP	Xtrackers MSCI Japan	Pair Corr
0.86	EDEN	iShares MSCI Denmark	Pair Corr
0.83	RDIV	Invesco SP Ultra	Pair Corr
0.78	OASC	OneAscent Small Cap	Pair Corr
0.94	DDLS	WisdomTree Dynamic	Pair Corr
0.88	CHPY	YieldMax Semiconductor	Pair Corr
0.96	IAUM	iShares Gold Trust	Pair Corr
0.9	NUEM	NuShares ETF Trust	Pair Corr
0.89	GSIG	Goldman Sachs Access	Pair Corr
0.61	PQNT	2023 ETF	Pair Corr
0.85	MART	Allianzim Large Cap	Pair Corr
0.87	BHYB	Xtrackers USD High	Pair Corr
0.9	YLD	Principal Active High	Pair Corr
0.73	VBK	Vanguard Small Cap	Pair Corr

Moving against First Etf

0.41

HUM

Humana Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	EMBD	BSMS	BSMP	XCCC	UTEN	BSMT	JMHI	BKGI	AVSD	JUCY
EMBD		0.9	0.88	0.75	-0.08	0.9	0.74	0.8	0.91	0.58	EMBD
BSMS	0.9		0.93	0.74	-0.17	0.98	0.88	0.86	0.93	0.57	BSMS
BSMP	0.88	0.93		0.8	-0.24	0.92	0.73	0.74	0.91	0.6	BSMP
XCCC	0.75	0.74	0.8		-0.11	0.76	0.6	0.54	0.81	0.6	XCCC
UTEN	-0.08	-0.17	-0.24	-0.11		-0.21	0.03	-0.24	-0.3	-0.3	UTEN
BSMT	0.9	0.98	0.92	0.76	-0.21		0.89	0.88	0.95	0.63	BSMT
JMHI	0.74	0.88	0.73	0.6	0.03	0.89		0.85	0.78	0.48	JMHI
BKGI	0.8	0.86	0.74	0.54	-0.24	0.88	0.85		0.87	0.51	BKGI
AVSD	0.91	0.93	0.91	0.81	-0.3	0.95	0.78	0.87		0.69	AVSD
JUCY	0.58	0.57	0.6	0.6	-0.3	0.63	0.48	0.51	0.69		JUCY
	EMBD	BSMS	BSMP	XCCC	UTEN	BSMT	JMHI	BKGI	AVSD	JUCY

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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

BSMT	+ 0.98	BSMS
AVSD	+ 0.95	BSMT
BSMP	+ 0.93	BSMS
AVSD	+ 0.93	BSMS
BSMT	+ 0.92	BSMP
AVSD	+ 0.91	EMBD

High negative correlations

JUCY	- 0.3	UTEN
AVSD	- 0.3	UTEN
BKGI	- 0.24	UTEN
UTEN	- 0.24	BSMP
BSMT	- 0.21	UTEN
UTEN	- 0.17	BSMS

First Trust Constituents Risk-Adjusted Indicators

There is a big difference between First Etf performing well and First Trust 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 First Trust'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
EMBD	0.22	0.01	(0.22)	0.20	0.20	(0.24)	0.42	(0.42)	1.27
BSMS	0.05	0.02	(0.82)	2.49	0.00	(0.07)	0.13	(0.09)	0.34
BSMP	0.03	0.00	(1.44)	0.59	0.00	(0.05)	0.08	(0.08)	0.20
XCCC	0.18	(0.01)	(0.28)	0.01	0.23	(0.19)	0.37	(0.43)	1.20
UTEN	0.20	(0.01)	(0.31)	(0.09)	0.25	(0.21)	0.37	(0.41)	1.11
BSMT	0.07	0.02	(0.71)	7.02	0.00	(0.11)	0.17	(0.09)	0.48
JMHI	0.10	0.01	(0.49)	0.32	0.00	(0.10)	0.26	(0.20)	0.66
BKGI	0.45	0.10	0.08	0.42	0.27	(0.54)	1.18	(0.76)	2.28
AVSD	0.62	0.09	0.08	0.19	0.67	(0.63)	1.33	(1.27)	3.06
JUCY	0.14	0.02	(0.34)	(0.16)	0.07	(0.18)	0.28	(0.27)	0.91

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