Amundi ETF Correlations
| C4S Etf | EUR 9.87 0.01 0.10% |
The correlation of Amundi ETF 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amundi ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amundi ETF Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Amundi ETF Short and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi ETF Short and NYA in the same portfolio, assuming nothing else is changed.
Amundi |
The ability to find closely correlated positions to Amundi ETF 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 ETF 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 ETF - 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 ETF Short to buy it.
Moving against Amundi Etf
| 0.95 | BNKE | Lyxor UCITS Stoxx | PairCorr |
| 0.84 | MSE | Lyxor UCITS Stoxx | PairCorr |
| 0.82 | LVE | Lyxor UCITS Stoxx | PairCorr |
| 0.81 | JPNH | Lyxor UCITS Japan | PairCorr |
| 0.8 | CAC | Lyxor UCITS CAC | PairCorr |
| 0.8 | CACC | Lyxor CAC 40 | PairCorr |
| 0.78 | SPY4 | SSgA SPDR SP | PairCorr |
| 0.76 | HHH | HSBC ETFs Public | PairCorr |
| 0.76 | SPY5 | SPDR SP 500 | PairCorr |
| 0.69 | ELLE | Lyxor Global Gender | PairCorr |
| 0.64 | JPN | Lyxor UCITS Japan | PairCorr |
| 0.6 | STR | SPDR MSCI Europe | PairCorr |
| 0.57 | CI2U | Amundi MSCI India | PairCorr |
Related Correlations Analysis
| 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
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Amundi ETF Competition Risk-Adjusted Indicators
There is a big difference between Amundi Etf performing well and Amundi ETF 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 ETF'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.87 | 0.12 | 0.06 | 0.16 | 2.30 | 3.27 | 30.88 | |||
| MSFT | 0.98 | (0.07) | (0.05) | 0.01 | 1.15 | 2.11 | 5.31 | |||
| UBER | 1.64 | (0.01) | 0.04 | 0.07 | 1.61 | 2.83 | 18.39 | |||
| F | 1.58 | 0.10 | 0.10 | 0.12 | 1.63 | 4.88 | 9.61 | |||
| T | 0.92 | 0.00 | (0.05) | 0.08 | 1.08 | 1.95 | 5.92 | |||
| A | 1.22 | (0.03) | 0.01 | 0.06 | 1.36 | 2.29 | 6.31 | |||
| CRM | 1.22 | (0.12) | (0.04) | 0.00 | 1.95 | 2.83 | 10.84 | |||
| JPM | 0.80 | 0.10 | 0.08 | 0.16 | 1.25 | 1.94 | 8.65 | |||
| MRK | 0.68 | 0.09 | 0.10 | 0.20 | 0.54 | 1.35 | 6.92 | |||
| XOM | 0.81 | 0.23 | 0.18 | 0.57 | 0.71 | 1.96 | 4.66 |
Amundi ETF Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Amundi ETF etf to make a market-neutral strategy. Peer analysis of Amundi ETF could also be used in its relative valuation, which is a method of valuing Amundi ETF by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Already Invested in Amundi ETF Short?
The danger of trading Amundi ETF Short is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Amundi ETF is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Amundi ETF. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Amundi ETF Short is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.