FlexShares Credit Correlations
| SKOR Etf | USD 48.01 0.02 0.04% |
The current 90-days correlation between FlexShares Credit and iShares ESG USD is 0.05 (i.e., Significant diversification). The correlation of FlexShares Credit 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 Credit Correlation With Market
Significant diversification
The correlation between FlexShares Credit Scored Corpo and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Credit Scored Corpo and DJI in the same portfolio, assuming nothing else is changed.
FlexShares |
Moving together with FlexShares Etf
| 0.79 | LQD | iShares iBoxx Investment | PairCorr |
| 0.91 | IGIB | iShares 5 10 Sell-off Trend | PairCorr |
| 0.86 | USIG | iShares Broad USD | PairCorr |
| 0.99 | SPIB | SPDR Barclays Interm Sell-off Trend | PairCorr |
| 0.73 | SUSC | iShares ESG USD | PairCorr |
| 0.8 | QLTA | iShares Aaa | PairCorr |
| 0.88 | CORP | PIMCO Investment Grade | PairCorr |
| 0.84 | FLCO | Franklin Liberty Inv | PairCorr |
| 0.73 | GIGB | Goldman Sachs Access | PairCorr |
| 0.85 | VTC | Vanguard Total Corporate | PairCorr |
| 0.74 | QQEW | First Trust NASDAQ | PairCorr |
| 0.61 | MSFT | Microsoft | PairCorr |
| 0.62 | IBM | International Business Tech Boost | PairCorr |
| 0.67 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.84 | 0.41 | 0.66 | 0.89 | SUSC | ||
| 0.84 | 0.54 | 0.54 | 0.85 | MBSD | ||
| 0.41 | 0.54 | -0.08 | 0.13 | SUSB | ||
| 0.66 | 0.54 | -0.08 | 0.72 | FEMB | ||
| 0.89 | 0.85 | 0.13 | 0.72 | LKOR | ||
| 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
|
FlexShares Credit Constituents Risk-Adjusted Indicators
There is a big difference between FlexShares Etf performing well and FlexShares Credit 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 Credit'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUSC | 0.27 | (0.02) | 0.00 | (0.11) | 0.00 | 0.62 | 2.10 | |||
| MBSD | 0.23 | 0.00 | (0.25) | 0.36 | 0.25 | 0.64 | 1.53 | |||
| SUSB | 0.10 | 0.00 | (0.47) | 0.10 | 0.00 | 0.28 | 0.77 | |||
| FEMB | 0.43 | (0.04) | 0.00 | (0.27) | 0.00 | 0.89 | 3.05 | |||
| LKOR | 0.51 | (0.04) | 0.00 | (0.77) | 0.00 | 1.13 | 3.46 |