| QAI Etf | | | USD 32.56 0.03 0.09% |
The current 90-days correlation between IQ Hedge Multi and First Trust LongShort is 0.63 (i.e., Poor diversification). The correlation of IQ Hedge 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.
IQ Hedge Correlation With Market
Poor diversification
The correlation between IQ Hedge Multi Strategy and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Hedge Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.
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Your Equity Center to better understand how to build diversified portfolios, which includes a position in IQ Hedge Multi Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in nation.