FTSE Developed Correlations

VEA
 Etf
  

USD 43.74  0.36  0.83%   

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

Moving together with FTSE Developed

1.0IEFAEAFE Ishares CorePairCorr
1.0EFAEAFE Ishares MSCIPairCorr
0.99VEUFTSE All-World Ex-USPairCorr
0.99IXUSTotal Intl StockPairCorr
1.0SPDWSPDR World Ex-USPairCorr
1.0ESGDEAFE ESG OptimizedPairCorr
0.81OIHVaneck Oil ServicesPairCorr
0.96EWCCanada Ishares MSCIPairCorr
0.88IVOVSP Midcap 400PairCorr
0.9AAAlcoa CorpPairCorr

Moving against FTSE Developed

0.52DBMFIM Dbi ManagedPairCorr

Related Correlations

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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   
FUBER
AMSFT
FMSFT
AF
UBERMSFT
XOMJPM
  
High negative correlations   

FTSE Developed Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between FTSE Developed stock performing well and FTSE Developed 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 FTSE Developed'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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.27 (0.12)  0.00 (0.06)  0.00 (0.0394)  0.00  4.00 (5.55)  17.65 
MSFT 1.64  0.04  0.03  0.10  2.02  0.0309 (1.74)  2.97 (4.10)  7.83 
UBER 3.49  0.45  0.11  0.34  3.87  0.11 (3.67)  6.40 (7.08)  21.38 
F 2.62  0.20  0.09  0.17  2.90  0.09 (2.81)  5.32 (4.03)  16.84 
T 0.79 (0.08)  0.00  0.88  0.00 (0.14)  0.00  1.69 (1.63)  7.50 
A 1.80  0.14  0.08  0.18  1.89  0.07 (2.03)  4.22 (3.15)  8.98 
CRM 2.46  0.11  0.06  0.13  2.83  0.05 (2.70)  5.77 (4.63)  16.84 
JPM 1.45 (0.02) (0.01)  0.05  1.52 (0.0055) (1.78)  3.03 (2.34)  10.79 
MRK 1.00  0.04  0.00  0.17  1.21 (0.0045) (1.05)  2.11 (2.50)  6.96 
XOM 1.94  0.14  0.05  0.23  2.59  0.05 (1.86)  3.33 (3.96)  10.43 

Be your own money manager

Our tools can tell you how much better you can do entering a position in FTSE Developed 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 FTSE Developed Markets?

You need to understand the risk of investing before taking a position in FTSE Developed. The danger of trading FTSE Developed Markets 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 FTSE Developed 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 FTSE Developed. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FTSE Developed Markets 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.
Also, please take a look at World Market Map. Note that the FTSE Developed Markets information on this page should be used as a complementary analysis to other FTSE Developed'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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