Xtrackers MSCI Correlations
DBEU Etf | USD 45.17 0.13 0.29% |
The current 90-days correlation between Xtrackers MSCI Europe and Xtrackers MSCI Japan is -0.14 (i.e., Good diversification). The correlation of Xtrackers MSCI 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.
Xtrackers MSCI Correlation With Market
Good diversification
The correlation between Xtrackers MSCI Europe and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Europe and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Xtrackers Etf
0.92 | VGK | Vanguard FTSE Europe | PairCorr |
0.89 | EZU | iShares MSCI Eurozone | PairCorr |
0.89 | BBEU | JPMorgan BetaBuilders Low Volatility | PairCorr |
0.92 | IEUR | iShares Core MSCI | PairCorr |
0.9 | FEZ | SPDR EURO STOXX | PairCorr |
0.93 | IEV | iShares Europe ETF | PairCorr |
0.9 | HEDJ | WisdomTree Europe Hedged | PairCorr |
0.95 | HEZU | iShares Currency Hedged | PairCorr |
0.87 | FEP | First Trust Europe | PairCorr |
0.82 | DFEN | Direxion Daily Aerospace | PairCorr |
0.65 | TARK | AXS 2X Innovation | PairCorr |
0.8 | BITU | ProShares Trust | PairCorr |
0.81 | BTCL | T Rex 2X | PairCorr |
0.82 | BTFX | Valkyrie Bitcoin Futures | PairCorr |
0.65 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.8 | AXP | American Express | PairCorr |
0.69 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
0.76 | AA | Alcoa Corp | PairCorr |
0.86 | DIS | Walt Disney | PairCorr |
0.8 | BAC | Bank of America | PairCorr |
0.89 | GE | GE Aerospace | PairCorr |
0.77 | CAT | Caterpillar | PairCorr |
0.82 | CSCO | Cisco Systems | PairCorr |
0.87 | MSFT | Microsoft Earnings Call This Week | PairCorr |
Moving against Xtrackers Etf
0.74 | WTID | UBS ETRACS | PairCorr |
0.33 | ARKC | ARK 21Shares Active Low Volatility | PairCorr |
0.5 | KO | Coca Cola | PairCorr |
0.42 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
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Xtrackers MSCI Constituents Risk-Adjusted Indicators
There is a big difference between Xtrackers Etf performing well and Xtrackers MSCI 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 Xtrackers MSCI'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DBJP | 0.86 | (0.01) | (0.01) | 0.23 | 0.82 | 2.65 | 7.66 | |||
HEZU | 0.66 | 0.01 | (0.04) | 0.24 | 0.40 | 1.83 | 4.72 | |||
DBEF | 0.57 | 0.03 | (0.04) | 0.26 | 0.16 | 1.86 | 4.02 | |||
HEDJ | 0.71 | (0.01) | (0.05) | 0.22 | 0.63 | 1.78 | 5.18 | |||
HEFA | 0.58 | 0.02 | (0.04) | 0.26 | 0.18 | 1.96 | 4.05 |