Main International Correlations

Etfs . USA . 
Etf . Main International ETF
INTL Etf  USD 25.88  0.02  0.08%   
The current 90-days correlation between Main International ETF and ADTRAN Inc is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Main International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main International ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Main International Correlation With Market

Poor diversification

The correlation between Main International ETF and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main International ETF and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Main Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Main International ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Main Etf

  0.99VEA Vanguard FTSE DevelopedPairCorr
  0.99IEFA iShares Core MSCIPairCorr
  1.0VEU Vanguard FTSE AllPairCorr
  0.99EFA iShares MSCI EAFEPairCorr
  1.0IXUS iShares Core MSCIPairCorr
  0.99SPDW SPDR SP WorldPairCorr
  0.99IDEV iShares Core MSCIPairCorr
  0.99ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  0.99DFAX Dimensional WorldPairCorr
  0.63PMBS PIMCO Mortgage BackedPairCorr
  0.99ITDD iShares TrustPairCorr
  0.94CAT CaterpillarPairCorr
  0.78CVX Chevron CorpPairCorr
  0.96DIS Walt DisneyPairCorr
  0.88DD Dupont De NemoursPairCorr
  0.7INTC Intel Earnings Call This WeekPairCorr
  0.97MSFT MicrosoftPairCorr
  0.91IBM International Business Earnings Call This WeekPairCorr
  0.86PFE Pfizer IncPairCorr

Moving against Main Etf

  0.47PG Procter GamblePairCorr
  0.63MCD McDonaldsPairCorr
  0.35VZ Verizon Communications Earnings Call TomorrowPairCorr

Related Correlations Analysis

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Main International Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main 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 Main 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.

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