Amundi ETF Correlations
| PANX Etf | EUR 55.29 0.68 1.25% |
The current 90-days correlation between Amundi ETF PEA and Amundi ETF PEA is 0.91 (i.e., Almost no diversification). The correlation of Amundi ETF 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.
Amundi ETF Correlation With Market
Average diversification
The correlation between Amundi ETF PEA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi ETF PEA and DJI in the same portfolio, assuming nothing else is changed.
Amundi |
The ability to find closely correlated positions to Amundi ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amundi ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amundi ETF PEA to buy it.
Moving together with Amundi Etf
Moving against Amundi Etf
| 0.51 | U13HK | Lyxor Treasury 1 | PairCorr |
| 0.48 | CEU | Amundi Index Solutions | PairCorr |
| 0.48 | QCEU | Amundi Index Solutions | PairCorr |
| 0.47 | MFEC | Lyxor Core MSCI | PairCorr |
| 0.47 | IBE7 | iShares V PLC | PairCorr |
| 0.47 | EMUE | SPDR MSCI EMU | PairCorr |
| 0.46 | EMOM | BNP Paribas Easy | PairCorr |
| 0.45 | MSE | Lyxor UCITS Stoxx | PairCorr |
| 0.45 | 50E | HSBC EURO STOXX | PairCorr |
| 0.44 | CAC | Amundi CAC 40 | PairCorr |
| 0.44 | CACC | Lyxor CAC 40 | PairCorr |
| 0.44 | GRE | Multi Units France | PairCorr |
| 0.42 | CMU | Amundi MSCI EMU | PairCorr |
| 0.41 | AHYE | Amundi Index Solutions | PairCorr |
| 0.38 | GBS | Gold Bullion Securities | PairCorr |
| 0.38 | HYBB | Amundi Index Solutions | PairCorr |
| 0.58 | HLT | Lyxor Index Fund | PairCorr |
| 0.57 | SEL | Lyxor UCITS Stoxx | PairCorr |
| 0.56 | VAL | Lyxor Index Fund | PairCorr |
| 0.54 | ECRP3 | Amundi Index Solutions | PairCorr |
| 0.52 | UKX | HSBC FTSE 100 | PairCorr |
| 0.51 | EVOE | BNP Paribas Easy | PairCorr |
| 0.51 | CG1 | Amundi ETF DAX | PairCorr |
| 0.5 | C50U | Amundi Index Solutions | PairCorr |
| 0.48 | IND | Lyxor Index Fund | PairCorr |
| 0.47 | NGASP | WisdomTree Natural Gas | PairCorr |
| 0.46 | C40 | Amundi Index Solutions | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Amundi ETF Competition Risk-Adjusted Indicators
There is a big difference between Amundi Etf performing well and Amundi ETF 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 Amundi ETF'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.43 | 0.26 | 0.16 | 0.31 | 1.56 | 3.22 | 7.11 | |||
| MSFT | 1.05 | (0.06) | 0.00 | (0.21) | 0.00 | 2.56 | 10.31 | |||
| UBER | 1.90 | 0.13 | 0.07 | 5.75 | 2.78 | 4.72 | 12.28 | |||
| F | 1.38 | (0.08) | 0.00 | (0.14) | 0.00 | 2.55 | 10.14 | |||
| T | 1.03 | 0.26 | 0.18 | 0.32 | 1.36 | 1.90 | 11.66 | |||
| A | 1.14 | (0.04) | 0.00 | (0.11) | 0.00 | 2.81 | 9.03 | |||
| CRM | 1.45 | (0.18) | 0.00 | (0.29) | 0.00 | 2.21 | 15.92 | |||
| JPM | 0.95 | 0.08 | 0.05 | 0.02 | 1.46 | 1.97 | 6.85 | |||
| MRK | 1.24 | (0.11) | 0.00 | (2.67) | 0.00 | 2.15 | 11.57 | |||
| XOM | 0.94 | (0.13) | 0.00 | (0.31) | 0.00 | 1.76 | 5.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Amundi ETF without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |