FlexShares Emerging Correlations

QLVE Etf

USD 31.75 0.16 0.51%

The current 90-days correlation between FlexShares Emerging and TrueShares Structured Outcome is -0.09 (i.e., Good diversification). The correlation of FlexShares Emerging 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.

FlexShares Emerging Correlation With Market

Poor diversification

The correlation between FlexShares Emerging Markets and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FlexShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in FlexShares Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with FlexShares Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.96	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.95	SPEM	SPDR Portfolio Emerging	Pair Corr
0.95	FNDE	Schwab Fundamental	Pair Corr
0.96	ESGE	iShares ESG Aware	Pair Corr
0.94	SFGRX	Seafarer Overseas	Pair Corr
0.95	DGS	WisdomTree Emerging	Pair Corr
0.95	XSOE	WisdomTree Emerging	Pair Corr
0.77	CPST	Calamos ETF Trust	Pair Corr
0.79	ELON	Battleshares TSLA	Pair Corr
0.87	ITDD	iShares Trust	Pair Corr
0.86	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.83	RDIV	Invesco SP Ultra	Pair Corr
0.72	VBK	Vanguard Small Cap	Pair Corr
0.78	AHYB	American Century ETF	Pair Corr
0.83	BA	Boeing	Pair Corr
0.65	KO	Coca Cola Earnings Call This Week	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.82	INTC	Intel	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr
0.91	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.71	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.75	MRK	Merck Company	Pair Corr

Moving against FlexShares Etf

0.68	MPAY	Exchange Traded Concepts	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.77	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	TIER	ADIV	VWID	WTRE	WEEL	ITDI	VRAI	RAUS	LCDS	OCTZ
TIER		0.81	0.96	0.81	0.84	0.98	0.8	0.87	0.89	0.8	TIER
ADIV	0.81		0.74	0.76	0.52	0.77	0.83	0.66	0.68	0.6	ADIV
VWID	0.96	0.74		0.68	0.79	0.94	0.79	0.84	0.85	0.75	VWID
WTRE	0.81	0.76	0.68		0.69	0.77	0.76	0.64	0.66	0.59	WTRE
WEEL	0.84	0.52	0.79	0.69		0.89	0.55	0.88	0.86	0.85	WEEL
ITDI	0.98	0.77	0.94	0.77	0.89		0.74	0.95	0.95	0.9	ITDI
VRAI	0.8	0.83	0.79	0.76	0.55	0.74		0.57	0.57	0.47	VRAI
RAUS	0.87	0.66	0.84	0.64	0.88	0.95	0.57		0.99	0.99	RAUS
LCDS	0.89	0.68	0.85	0.66	0.86	0.95	0.57	0.99		0.98	LCDS
OCTZ	0.8	0.6	0.75	0.59	0.85	0.9	0.47	0.99	0.98		OCTZ
	TIER	ADIV	VWID	WTRE	WEEL	ITDI	VRAI	RAUS	LCDS	OCTZ

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FlexShares Emerging Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Emerging 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 Emerging'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
TIER	0.57	0.12	0.11	0.26	0.50	(0.63)	1.39	(1.24)	2.80
ADIV	0.56	0.02	(0.04)	0.14	0.57	(0.59)	1.20	(1.02)	2.93
VWID	0.63	0.18	0.19	0.41	0.39	(0.73)	1.56	(1.15)	3.54
WTRE	1.10	0.03	(0.04)	1.10	1.53	(1.02)	2.24	(2.19)	5.43
WEEL	0.34	0.04	(0.10)	2.40	0.33	(0.41)	0.95	(0.69)	2.38
ITDI	0.54	0.04	0.02	0.14	0.59	(0.55)	1.18	(1.21)	3.15
VRAI	0.67	0.14	0.12	0.43	0.48	(0.78)	1.49	(1.06)	3.48
RAUS	0.54	(0.01)	(0.04)	0.08	0.73	(0.53)	1.26	(1.18)	3.74
LCDS	0.56	(0.01)	(0.04)	0.08	0.72	(0.53)	1.19	(1.12)	3.74
OCTZ	0.45	(0.03)	(0.09)	0.05	0.59	(0.44)	0.92	(0.98)	2.98

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