First Trust Correlations

Etfs . USA . 
Etf . First Trust Emerging
FEMB Etf  USD 26.15  0.03  0.11%   
The current 90-days correlation between First Trust Emerging and First Trust SSI is 0.25 (i.e., Modest 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

Average diversification

The correlation between First Trust Emerging and DJI is 0.16 (i.e., Average 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.
  
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 population.

Moving together with First Etf

  0.96LEMB iShares JP MorganPairCorr
  0.75CBON VanEck China BondPairCorr
  0.79KBND KBNDPairCorr
  0.82KCNY KraneSharesPairCorr
  0.94CEW WisdomTree EmergingPairCorr
  0.69NRGU Bank Of MontrealPairCorr

Moving against First Etf

  0.87YCS ProShares UltraShort YenPairCorr
  0.84TBT ProShares UltraShortPairCorr
  0.84TMV Direxion Daily 20 Sell-off TrendPairCorr
  0.81OLO Olo IncPairCorr
  0.75GBTC Grayscale Bitcoin TrustPairCorr
  0.64SGG Barclays CapitalPairCorr
  0.52MLPR ETRACS Quarterly PayPairCorr
  0.5AMZA InfraCap MLP ETFPairCorr
  0.43DAPP VanEck Digital TransPairCorr
  0.92BILS SPDR Series TrustPairCorr
  0.88XONE Bondbloxx Bloomberg OnePairCorr
  0.88SEIX Virtus ETF TrustPairCorr
  0.83XDEC First Trust ExchangePairCorr
  0.75GDXD MicroSectors Gold MinersPairCorr
  0.71PBDC Putnam ETF TrustPairCorr
  0.7STK Columbia Seligman PremiumPairCorr
  0.62VUG Vanguard Growth IndexPairCorr
  0.6PTNQ Pacer Trendpilot 100PairCorr
  0.57QQQ Invesco QQQ Trust Aggressive PushPairCorr
  0.53MMLG First Trust ExchangePairCorr
  0.51XOUT GraniteShares XOUT LargePairCorr
  0.49GSG iShares SP GSCIPairCorr
  0.42IGV iShares Expanded TechPairCorr
  0.42IAI iShares Broker DealersPairCorr
  0.41BNO United States BrentPairCorr
  0.91ICSH iShares Ultra ShortPairCorr
  0.85YEAR AB Ultra ShortPairCorr
  0.77FNGS MicroSectors FANG ETNPairCorr
  0.76TSLY Tidal Trust IIPairCorr
  0.75BTC Grayscale Bitcoin MiniPairCorr
  0.74BTRN Global X FundsPairCorr

Related Correlations Analysis

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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.

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