Global X Correlations

RATE Etf

17.43 0.00 0.00%

The current 90-days correlation between Global X and Regents Park Funds is -0.04 (i.e., Good diversification). The correlation of Global X 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.

Global X Correlation With Market

Good diversification

The correlation between Global X and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against Global Etf

0.87	CLOX	Series Portfolios Trust	Pair Corr
0.86	ZJAN	Innovator Equity Defined	Pair Corr
0.86	FSST	Fidelity Sustainability	Pair Corr
0.85	SLX	VanEck Steel ETF	Pair Corr
0.84	UCON	First Trust TCW	Pair Corr
0.84	PBJA	PGIM Rock ETF	Pair Corr
0.76	FTBI	First Trust Exchange	Pair Corr
0.75	CSD	Invesco SP Spin	Pair Corr
0.73	CPST	Calamos ETF Trust	Pair Corr
0.7	ECOW	Pacer Emerging Markets	Pair Corr
0.65	SSFI	Strategy Shares	Pair Corr
0.63	HYTR	Northern Lights	Pair Corr
0.61	RISR	FolioBeyond Rising Rates	Pair Corr
0.61	VOO	Vanguard SP 500	Pair Corr
0.6	ITDD	iShares Trust	Pair Corr
0.57	AMPD	Tidal ETF Services	Pair Corr
0.49	QQQM	Invesco NASDAQ 100	Pair Corr
0.48	GBUG	Sprott Active Gold	Pair Corr
0.44	ITWO	Proshares Russell 2000	Pair Corr
0.43	EASG	Xtrackers MSCI EAFE	Pair Corr
0.41	PLTM	GraniteShares Platinum Trending	Pair Corr
0.37	FSMD	Fidelity Small Mid	Pair Corr
0.31	QQH	HCM Defender 100	Pair Corr
0.31	SCZ	iShares MSCI EAFE	Pair Corr
0.87	MYCI	SPDR SSGA My2029	Pair Corr
0.81	CPSU	Calamos SP 500	Pair Corr
0.8	HLAL	Wahed FTSE USA	Pair Corr
0.78	PHT	PHT	Pair Corr
0.75	QLC	FlexShares Quality Large	Pair Corr
0.74	FROG	Jfrog	Pair Corr
0.73	CPER	United States Copper Buyout Trend	Pair Corr
0.72	SGOL	abrdn Physical Gold	Pair Corr
0.69	TJUL	Innovator Etfs Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.53	-0.61	0.51	-0.55	0.22	-0.16	-0.53	-0.6	META
MSFT	0.66		0.83	-0.52	0.37	-0.19	0.05	-0.34	-0.77	-0.61	MSFT
UBER	0.53	0.83		-0.61	0.56	-0.23	-0.18	-0.32	-0.85	-0.6	UBER
F	-0.61	-0.52	-0.61		-0.69	0.49	0.32	0.44	0.68	0.75	F
T	0.51	0.37	0.56	-0.69		-0.45	-0.53	-0.26	-0.51	-0.48	T
A	-0.55	-0.19	-0.23	0.49	-0.45		-0.2	-0.27	0.4	0.19	A
CRM	0.22	0.05	-0.18	0.32	-0.53	-0.2		0.41	0.11	0.2	CRM
JPM	-0.16	-0.34	-0.32	0.44	-0.26	-0.27	0.41		0.38	0.44	JPM
MRK	-0.53	-0.77	-0.85	0.68	-0.51	0.4	0.11	0.38		0.66	MRK
XOM	-0.6	-0.61	-0.6	0.75	-0.48	0.19	0.2	0.44	0.66		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.83	MSFT
XOM	+ 0.75	F
MRK	+ 0.68	F
MSFT	+ 0.66	META
XOM	+ 0.66	MRK
T	+ 0.56	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.77	MSFT
T	- 0.69	F
F	- 0.61	UBER
XOM	- 0.61	MSFT
F	- 0.61	META

Global X Competition Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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	1.38	(0.27)	0.00	(0.20)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.35)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.68	(1.65)	3.38	(2.63)	16.30
T	0.95	(0.22)	0.00	(0.71)	0.00	0.00	1.61	(2.18)	5.75
A	1.23	0.08	0.06	0.15	1.26	(1.33)	2.34	(2.21)	11.03
CRM	1.54	0.05	0.03	0.13	1.98	(1.51)	3.66	(2.92)	9.91
JPM	1.05	(0.02)	0.00	0.06	1.39	(1.07)	2.00	(1.91)	7.02
MRK	1.44	0.40	0.28	0.54	1.07	(1.80)	4.85	(2.06)	11.45
XOM	0.94	0.05	(0.01)	0.28	0.98	(1.01)	1.96	(1.51)	4.99

Global X Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global X etf to make a market-neutral strategy. Peer analysis of Global X could also be used in its relative valuation, which is a method of valuing Global X by comparing valuation metrics with similar companies.

Regents Park Funds EURZ Tuttle Capital Management Global X IShares GraniteShares CROC Global X Advocate Capital Management Arch Indices Advisors American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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