VanEck LongFlat Correlations

Etfs . USA . 
Etf . VanEck LongFlat Trend
LFEQ Etf  USD 51.00  0.29  0.57%   
The current 90-days correlation between VanEck LongFlat Trend and VanEck Morningstar International is 0.2 (i.e., Modest diversification). The correlation of VanEck LongFlat 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VanEck LongFlat Correlation With Market

Very poor diversification

The correlation between VanEck LongFlat Trend and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck LongFlat Trend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in VanEck LongFlat Trend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with VanEck Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500 Aggressive PushPairCorr
  1.0IVV iShares Core SPPairCorr
  0.95VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.97RSP Invesco SP 500PairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  0.99DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.98SIXD AIM ETF ProductsPairCorr
  0.82CEFD ETRACS Monthly PayPairCorr
  0.88TSJA TSJAPairCorr
  0.88DSJA DSJAPairCorr
  0.76JPM JPMorgan Chase Sell-off TrendPairCorr
  0.95CSCO Cisco Systems Aggressive PushPairCorr
  0.84WMT Walmart Aggressive PushPairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.69XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.81HD Home DepotPairCorr
  0.87HPQ HP IncPairCorr
  0.86CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.71T ATT Inc Sell-off TrendPairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against VanEck Etf

  0.85YCL ProShares Ultra YenPairCorr
  0.85VIIX VIIXPairCorr
  0.84FXY Invesco CurrencySharesPairCorr
  0.82ULE ProShares Ultra EuroPairCorr
  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75KO Coca Cola Aggressive PushPairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.6PFE Pfizer Inc Aggressive PushPairCorr

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   
QUS
+ 0.99
MFUS
JHML
+ 0.98
MFUS
QUS
+ 0.98
JHML
MFDX
+ 0.7
MOTI
MFUS
+ 0.11
MOTI
QUS
+ 0.01
MOTI
  
High negative correlations   
JHML
- 0.42
MFDX
QUS
- 0.34
MFDX
MFUS
- 0.27
MFDX
JHML
- 0.02
MOTI

VanEck LongFlat Constituents Risk-Adjusted Indicators

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