Flexshares Global Correlations

NFRA
 Etf
  

USD 53.83  0.02  0.0372%   

The correlation of Flexshares Global is a statistical measure of how it moves in relation to other equities. 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 Flexshares Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flexshares Global Broad 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.
Additionally, see Stocks Correlation.
  
The ability to find closely correlated positions to Flexshares Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flexshares Global 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 Flexshares Global - 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 Flexshares Global Broad to buy it.

Moving together with Flexshares Global

0.79PAVEGX US InfrastructurePairCorr
0.98IGFGlobal InfrastructurePairCorr
0.88IFRAUS Infrastructure IsharesPairCorr
0.98GIIFTSE Global InfraPairCorr
0.98TOLZDJ Brookfield GlobalPairCorr
0.77SIMSSPDR Kensho IntelligentPairCorr
0.72OBORKS MSCI OnePairCorr
0.99GLIFAgfiq Global InfrastPairCorr
0.9MPAYAkros Monthly PayoutPairCorr
0.62CAPDBarclays Schiller CapePairCorr
0.72BUFFInnovator Lunt LowPairCorr
0.86SPYSP 500 SPDRPairCorr
0.85XLRESP 500 RealPairCorr

Related Correlations

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Flexshares Global without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Flexshares Global Broad?

You need to understand the risk of investing before taking a position in Flexshares Global. The danger of trading Flexshares Global Broad 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 Flexshares Global 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 Flexshares Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Flexshares Global Broad 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.
Additionally, see Stocks Correlation. Note that the Flexshares Global Broad information on this page should be used as a complementary analysis to other Flexshares Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Flexshares Global Broad price analysis, check to measure Flexshares Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flexshares Global is operating at the current time. Most of Flexshares Global's value examination focuses on studying past and present price action to predict the probability of Flexshares Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Flexshares Global's price. Additionally, you may evaluate how the addition of Flexshares Global to your portfolios can decrease your overall portfolio volatility.
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The market value of Flexshares Global Broad is measured differently than its book value, which is the value of Flexshares that is recorded on the company's balance sheet. Investors also form their own opinion of Flexshares Global's value that differs from its market value or its book value, called intrinsic value, which is Flexshares Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flexshares Global's market value can be influenced by many factors that don't directly affect Flexshares Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flexshares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Flexshares Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flexshares Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.