Future Fund Correlations

Etfs . USA . 
Etf . The Future Fund
FFND Etf  USD 27.00  0.07  0.26%   
The current 90-days correlation between Future Fund and AdvisorShares Gerber Kawasaki is 0.82 (i.e., Very poor diversification). The correlation of Future Fund 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.

Future Fund Correlation With Market

Weak diversification

The correlation between The Future Fund and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Future Fund 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 The Future Fund. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Future Etf

  0.87VUG Vanguard Growth IndexPairCorr
  0.86IWF iShares Russell 1000PairCorr
  0.87IVW iShares SP 500PairCorr
  0.87SPYG SPDR Portfolio SPPairCorr
  0.89IUSG iShares Core SPPairCorr
  0.86VONG Vanguard Russell 1000PairCorr
  0.84MGK Vanguard Mega CapPairCorr
  0.86VRGWX Vanguard Russell 1000PairCorr
  0.86QQQM Invesco NASDAQ 100PairCorr
  0.81IWY iShares Russell TopPairCorr
  0.81GBTC Grayscale Bitcoin TrustPairCorr
  0.75FNGO MicroSectors FANG IndexPairCorr
  0.75FNGU MicroSectors FANG IndexPairCorr
  0.74MLPR ETRACS Quarterly PayPairCorr
  0.74BAC Bank of America Aggressive PushPairCorr
  0.85AXP American Express Sell-off TrendPairCorr
  0.79CSCO Cisco Systems Earnings Call This WeekPairCorr
  0.65DIS Walt DisneyPairCorr
  0.74JPM JPMorgan ChasePairCorr
  0.61HD Home DepotPairCorr

Moving against Future Etf

  0.34INTC IntelPairCorr
  0.31XOM Exxon Mobil CorpPairCorr

Related Correlations Analysis

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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   
AMOM
+ 0.75
GTEK
PP
+ 0.62
GTEK
PP
+ 0.57
GK
PP
+ 0.32
AMOM
AMOM
+ 0.26
GK
GTEK
+ 0.25
GK
  
High negative correlations   
PP
- 0.0
VCAR
AMOM
- 0.0
VCAR
VCAR
- 0.0
GTEK
VCAR
- 0.0
GK

Future Fund Constituents Risk-Adjusted Indicators

There is a big difference between Future Etf performing well and Future Fund 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 Future Fund'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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