Amundi Index Correlations
| TPXY Etf | JPY 25,770 15.00 0.06% |
The current 90-days correlation between Amundi Index Solutions and Amundi EUR PO is 0.04 (i.e., Significant diversification). The correlation of Amundi Index 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.
Amundi Index Correlation With Market
Very poor diversification
The correlation between Amundi Index Solutions and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi Index Solutions and DJI in the same portfolio, assuming nothing else is changed.
Amundi |
The ability to find closely correlated positions to Amundi Index 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 Index 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 Index - 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 Index Solutions to buy it.
Moving together with Amundi Etf
| 0.95 | JPNJPA | UBSFund Solutions MSCI | PairCorr |
| 1.0 | SJPA | iShares Core MSCI | PairCorr |
| 1.0 | XMJP | Xtrackers MSCI Japan | PairCorr |
| 0.94 | VJPN | Vanguard FTSE Japan | PairCorr |
| 0.92 | HMJP | HSBC MSCI JAPAN | PairCorr |
| 0.78 | SX7EEX | iShares EURO STOXX | PairCorr |
| 0.83 | SX7PEX | iShares STOXX Europe | PairCorr |
| 0.87 | X7PS | Invesco STOXX Europe | PairCorr |
| 0.84 | AUCO | LG Gold Mining | PairCorr |
| 0.82 | GGMUSY | UBS ETF plc | PairCorr |
| 0.83 | SMHV | VanEck Semiconductor | PairCorr |
| 0.84 | GDX | VanEck Gold Miners | PairCorr |
| 0.85 | MAGB | Market Access NYSE | PairCorr |
| 0.9 | AASI | Amundi Index Solutions | PairCorr |
| 0.97 | XLIS | Invesco Industrials | PairCorr |
| 0.86 | SMCX | SPDR MSCI Europe | PairCorr |
| 0.84 | WRDUSW-USD | UBSETF MSCIWLD USDa | PairCorr |
| 0.99 | IJPN | iShares MSCI Japan | PairCorr |
| 0.72 | ZSILHC | ZKB Silver ETF | PairCorr |
| 0.87 | ZGLDEU | ZKB Gold ETF | PairCorr |
| 0.84 | STWX | SPDR MSCI Europe | PairCorr |
| 0.81 | AGED | iShares Ageing Population | PairCorr |
| 0.85 | IAUP | iShares Gold Producers | PairCorr |
| 0.87 | HMXJ | HSBC MSCI Pacific | PairCorr |
| 0.95 | JPNC | Lyxor Japan UCITS | PairCorr |
| 0.91 | C50 | Amundi Index Solutions | PairCorr |
| 0.61 | IUSE | iShares SP 500 | PairCorr |
| 0.86 | HMEU | HSBC MSCI Europe | PairCorr |
| 0.86 | SW2CHB | UBSFund Solutions MSCI | PairCorr |
| 0.88 | VUKE | Vanguard FTSE 100 | PairCorr |
| 0.84 | SMICHA | UBS ETF SMI | PairCorr |
| 0.91 | IEEM | iShares MSCI EM | PairCorr |
| 0.93 | WOPA | UBS ETF plc | PairCorr |
Moving against Amundi Etf
Related Correlations Analysis
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
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Amundi Index Constituents Risk-Adjusted Indicators
There is a big difference between Amundi Etf performing well and Amundi Index 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 Index'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHIP | 1.51 | 0.23 | 0.08 | (12.26) | 1.81 | 3.83 | 8.77 | |||
| TPXH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JPNY | 0.72 | 0.21 | 0.17 | 0.75 | 0.52 | 1.83 | 4.16 | |||
| 500USD | 0.57 | 0.02 | (0.04) | 0.45 | 0.83 | 1.20 | 4.43 | |||
| X1G | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CI2USD | 0.42 | (0.03) | 0.00 | 0.37 | 0.00 | 0.91 | 3.35 | |||
| CBMEM | 0.91 | 0.03 | 0.00 | 0.14 | 1.06 | 1.89 | 7.18 | |||
| CB3 | 0.09 | 0.00 | (0.37) | 0.00 | 0.08 | 0.26 | 0.57 | |||
| PR1CH | 0.07 | (0.01) | (0.26) | 3.33 | 0.10 | 0.19 | 0.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Amundi Index 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?
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