Vident Core Correlations

VUSE Etf

USD 61.48 0.37 0.61%

The current 90-days correlation between Vident Core Equity and Vident International Equity is 0.34 (i.e., Weak diversification). The correlation of Vident Core 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 Core Correlation With Market

Significant diversification

The correlation between Vident Core Equity and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vident Core 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 Core 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 state.

Moving together with Vident Etf

0.63	VOE	Vanguard Mid Cap	Pair Corr
0.8	IWS	iShares Russell Mid	Pair Corr
0.79	COWZ	Pacer Cash Cows	Pair Corr
0.91	IJJ	iShares SP Mid	Pair Corr
0.83	DON	WisdomTree MidCap	Pair Corr
0.86	RPV	Invesco SP 500	Pair Corr
0.73	PEY	Invesco High Yield	Pair Corr
0.87	PKW	Invesco BuyBack Achievers	Pair Corr
0.65	PMBS	PIMCO Mortgage Backed Sell-off Trend	Pair Corr
0.82	SIXD	AIM ETF Products	Pair Corr
0.78	CEFD	ETRACS Monthly Pay	Pair Corr
0.64	IBM	International Business Tech Boost	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.68	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.74	BAC	Bank of America	Pair Corr

Moving against Vident Etf

0.55

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	VIDI	VBND	CFO	FEUZ	QLC
VIDI		0.67	0.44	0.8	0.3	VIDI
VBND	0.67		0.61	0.38	0.3	VBND
CFO	0.44	0.61		0.19	0.57	CFO
FEUZ	0.8	0.38	0.19		0.06	FEUZ
QLC	0.3	0.3	0.57	0.06		QLC
	VIDI	VBND	CFO	FEUZ	QLC

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Vident Core Constituents Risk-Adjusted Indicators

There is a big difference between Vident Etf performing well and Vident Core 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 Core'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
VIDI	0.57	(0.01)	(0.08)	0.01	0.78	(0.60)	1.10	(1.36)	4.45
VBND	0.27	(0.02)	0.00	(0.37)	0.00	0.00	0.56	(0.67)	1.79
CFO	0.56	0.01	(0.04)	0.09	0.64	(0.68)	1.04	(0.82)	5.68
FEUZ	0.74	0.02	(0.05)	(0.28)	1.01	(0.77)	1.88	(1.57)	5.85
QLC	0.61	0.08	0.01	(3.72)	0.81	(0.61)	1.18	(1.51)	5.67

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