VanEck India Correlations

Etfs . USA . 
Etf . VanEck India Growth
GLIN Etf  USD 50.96  0.56  1.11%   
The current 90-days correlation between VanEck India Growth and iShares MSCI India is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck India moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck India Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck India Correlation With Market

Very weak diversification

The correlation between VanEck India Growth and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck India Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck India Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with VanEck Etf

  0.96INDA iShares MSCI IndiaPairCorr
  0.96EPI WisdomTree India EarningsPairCorr
  0.91INDSX Financial Investors TrustPairCorr
  0.95SMIN iShares MSCI IndiaPairCorr
  0.96PIN Invesco India ETFPairCorr
  0.96FLIN Franklin FTSE IndiaPairCorr
  0.97NFTY First Trust IndiaPairCorr
  0.87INDF Exchange Traded ConceptsPairCorr
  0.89KO Coca Cola Aggressive PushPairCorr
  0.7JNJ Johnson Johnson Sell-off TrendPairCorr
  0.72MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Moving against VanEck Etf

  0.77BTC Grayscale Bitcoin MiniPairCorr
  0.73IXSE IXSEPairCorr
  0.56SHLD Global X FundsPairCorr
  0.5WINN Harbor Long TermPairCorr
  0.69DIS Walt DisneyPairCorr
  0.69CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.65WMT Walmart Aggressive PushPairCorr
  0.62CSCO Cisco Systems Aggressive PushPairCorr
  0.51T ATT Inc Aggressive PushPairCorr
  0.51AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.41HPQ HP IncPairCorr

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   
INCO
+ 0.98
FLIN
FLIN
+ 0.94
SMIN
INCO
+ 0.91
SMIN
INDF
+ 0.91
FLIN
INDF
+ 0.87
INCO
INDF
+ 0.86
SMIN
  
High negative correlations   
IXSE
- 0.85
FLIN
INCO
- 0.83
IXSE
IXSE
- 0.71
SMIN
INDF
- 0.7
IXSE

VanEck India Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck India 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 India'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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