EAFE Small-Cap Correlations

SCZ
 Etf
  

USD 59.56  0.42  0.71%   

The correlation of EAFE Small-Cap 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 EAFE Small-Cap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EAFE Small-Cap Ishares 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, take a look at World Market Map.
  
The ability to find closely correlated positions to EAFE Small-Cap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EAFE Small-Cap 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 EAFE Small-Cap - 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 EAFE Small-Cap Ishares to buy it.

Moving together with EAFE Small-Cap

0.91VSSFTSE All-World Ex-USPairCorr
0.93GWXSP Smallcap IntlPairCorr
0.9ISCFIntl Small-Cap MultiPairCorr
0.92DFISDimensional Intl SmallPairCorr
0.93HSCZEAFE Small-Cap CurrPairCorr
0.66NRGUMicrosectors US BigPairCorr
0.71DIGUltra Oil GasPairCorr
0.8UNGUS Natural GasPairCorr
0.8GAZIpathB Natural GasPairCorr
0.88SMHVaneck Semiconductor ETFPairCorr
0.94DDLSWisdomtree DynamicPairCorr
0.61QQQNasdaq QQQ InvescoPairCorr

Moving against EAFE Small-Cap

0.88SOGUShort De-SpacPairCorr

Related Correlations

GWX
DDLS
XOM
JNJ
BA
GWX
0.850.830.0-0.12
GWX
DDLS
0.850.7-0.050.26
DDLS
XOM
0.830.7-0.05-0.14
XOM
JNJ
0.0-0.05-0.05-0.49
JNJ
BA
-0.120.26-0.14-0.49
BA
GWX
DDLS
XOM
JNJ
BA
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
DDLSGWX
XOMGWX
XOMDDLS
BADDLS
JNJGWX
  
High negative correlations   
BAJNJ
BAXOM
BAGWX
JNJXOM
JNJDDLS
JNJGWX

EAFE Small-Cap Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between EAFE Small-Cap stock performing well and EAFE Small-Cap ETF doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze EAFE Small-Cap's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in EAFE Small-Cap 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 EAFE Small-Cap Ishares?

You need to understand the risk of investing before taking a position in EAFE Small-Cap. The danger of trading EAFE Small-Cap Ishares 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 EAFE Small-Cap 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 EAFE Small-Cap. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EAFE Small-Cap Ishares 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, take a look at World Market Map. Note that the EAFE Small-Cap Ishares information on this page should be used as a complementary analysis to other EAFE Small-Cap'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running EAFE Small-Cap Ishares price analysis, check to measure EAFE Small-Cap'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 EAFE Small-Cap is operating at the current time. Most of EAFE Small-Cap's value examination focuses on studying past and present price action to predict the probability of EAFE Small-Cap's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move EAFE Small-Cap's price. Additionally, you may evaluate how the addition of EAFE Small-Cap to your portfolios can decrease your overall portfolio volatility.
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The market value of EAFE Small-Cap Ishares is measured differently than its book value, which is the value of EAFE Small-Cap that is recorded on the company's balance sheet. Investors also form their own opinion of EAFE Small-Cap's value that differs from its market value or its book value, called intrinsic value, which is EAFE Small-Cap'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 EAFE Small-Cap's market value can be influenced by many factors that don't directly affect EAFE Small-Cap'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 EAFE Small-Cap's value and its price as these two are different measures arrived at by different means. Investors typically determine EAFE Small-Cap value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EAFE Small-Cap'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.