VictoryShares Emerging Correlations
UEVM Etf | USD 47.06 0.18 0.38% |
The current 90-days correlation between VictoryShares Emerging and VictoryShares International Value is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
VictoryShares Emerging Correlation With Market
Modest diversification
The correlation between VictoryShares Emerging Markets and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
VictoryShares |
Moving together with VictoryShares Etf
0.97 | VWO | Vanguard FTSE Emerging | PairCorr |
0.98 | IEMG | iShares Core MSCI | PairCorr |
0.93 | EMC | Global X Funds | PairCorr |
0.98 | EEM | iShares MSCI Emerging | PairCorr |
0.97 | SPEM | SPDR Portfolio Emerging Sell-off Trend | PairCorr |
0.97 | FNDE | Schwab Fundamental Sell-off Trend | PairCorr |
0.98 | ESGE | iShares ESG Aware | PairCorr |
0.64 | DGS | WisdomTree Emerging | PairCorr |
0.97 | XSOE | WisdomTree Emerging | PairCorr |
0.68 | HD | Home Depot | PairCorr |
0.69 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.65 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
0.67 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
0.61 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
Moving against VictoryShares Etf
0.66 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
0.35 | WTMF | WisdomTree Managed | PairCorr |
Related Correlations Analysis
-0.4 | -0.51 | 0.73 | 0.23 | UIVM | ||
-0.4 | 0.97 | -0.69 | 0.17 | USVM | ||
-0.51 | 0.97 | -0.76 | 0.2 | ULVM | ||
0.73 | -0.69 | -0.76 | 0.33 | UITB | ||
0.23 | 0.17 | 0.2 | 0.33 | USTB | ||
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
|
VictoryShares Emerging Constituents Risk-Adjusted Indicators
There is a big difference between VictoryShares Etf performing well and VictoryShares 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 VictoryShares 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
UIVM | 0.66 | (0.10) | 0.00 | (0.10) | 0.00 | 1.44 | 4.40 | |||
USVM | 0.86 | 0.01 | 0.05 | 0.12 | 0.88 | 2.21 | 6.36 | |||
ULVM | 0.62 | 0.05 | 0.07 | 0.17 | 0.42 | 1.34 | 4.49 | |||
UITB | 0.20 | (0.03) | 0.00 | 0.45 | 0.00 | 0.43 | 1.34 | |||
USTB | 0.08 | 0.00 | (1.14) | (0.12) | 0.00 | 0.20 | 0.58 |