Vident International Correlations

VIDI Etf

USD 26.06 0.12 0.46%

The current 90-days correlation between Vident International and Vident Core Equity is 0.31 (i.e., Weak diversification). The correlation of Vident International 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.

Vident International Correlation With Market

Modest diversification

The correlation between Vident International Equity and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vident International Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vident International Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Vident Etf

0.77	VYMI	Vanguard International	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.73	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.65	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Vident Etf

0.33

Procter Gamble Sell-off Trend

Pair Corr

Related Correlations Analysis

	VUSE	VBND	CRBN	ZFM	IFV
VUSE		-0.7	0.94	-0.67	-0.56	VUSE
VBND	-0.7		-0.56	0.92	0.75	VBND
CRBN	0.94	-0.56		-0.56	-0.28	CRBN
ZFM	-0.67	0.92	-0.56		0.65	ZFM
IFV	-0.56	0.75	-0.28	0.65		IFV
	VUSE	VBND	CRBN	ZFM	IFV

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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

CRBN	+ 0.94	VUSE
ZFM	+ 0.92	VBND
IFV	+ 0.75	VBND
IFV	+ 0.65	ZFM

High negative correlations

VBND	- 0.7	VUSE
ZFM	- 0.67	VUSE
ZFM	- 0.56	CRBN
CRBN	- 0.56	VBND
IFV	- 0.56	VUSE
IFV	- 0.28	CRBN

Vident International Constituents Risk-Adjusted Indicators

There is a big difference between Vident Etf performing well and Vident International 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 Vident International'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
VUSE	0.61	0.03	0.03	0.15	0.65	(0.68)	1.40	(1.10)	4.52
VBND	0.23	(0.02)	0.00	0.43	0.00	0.00	0.39	(0.63)	1.59
CRBN	0.53	(0.02)	(0.08)	0.08	0.63	(0.58)	1.17	(1.03)	3.09
ZFM	0.27	(0.02)	0.00	0.67	0.00	0.00	0.54	(0.54)	1.36
IFV	0.73	(0.14)	0.00	(0.13)	0.00	0.00	1.45	(1.43)	4.46

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