FlexShares Quality Correlations

QLV Etf

USD 66.99 0.42 0.62%

The current 90-days correlation between FlexShares Quality Low and FlexShares Developed Markets is 0.7 (i.e., Poor diversification). The correlation of FlexShares Quality 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.

FlexShares Quality Correlation With Market

Poor diversification

The correlation between FlexShares Quality Low and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Quality Low and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in FlexShares Quality Low. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with FlexShares Etf

0.82	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.75	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.75	IVV	iShares Core SP	Pair Corr
0.87	VIG	Vanguard Dividend	Pair Corr
0.73	VV	Vanguard Large Cap	Pair Corr
0.89	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.78	IWB	iShares Russell 1000	Pair Corr
0.79	ESGU	iShares ESG Aware	Pair Corr
0.94	DFAC	Dimensional Core Equity	Pair Corr
0.75	SPLG	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.76	PG	Procter Gamble	Pair Corr
0.77	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr

Moving against FlexShares Etf

0.31

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	QLVD	QLVE	QDEF	QLC	QGRO
QLVD		0.86	0.82	0.77	0.77	QLVD
QLVE	0.86		0.77	0.69	0.63	QLVE
QDEF	0.82	0.77		0.69	0.57	QDEF
QLC	0.77	0.69	0.69		0.93	QLC
QGRO	0.77	0.63	0.57	0.93		QGRO
	QLVD	QLVE	QDEF	QLC	QGRO

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FlexShares Quality Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Quality 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 FlexShares Quality'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
QLVD	0.41	0.02	0.03	0.06	0.55	(0.45)	0.81	(0.84)	2.96
QLVE	0.41	(0.01)	(0.01)	(0.03)	0.55	(0.44)	0.95	(0.97)	2.51
QDEF	0.43	(0.01)	0.00	(0.02)	0.00	0.00	0.90	(0.94)	3.28
QLC	0.57	0.03	0.04	0.07	0.83	(0.54)	1.17	(1.06)	3.69
QGRO	0.80	0.12	0.10	0.22	1.09	(0.80)	1.46	(1.54)	5.44

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