Vident Core Correlations
| VBND Etf | USD 42.76 0.15 0.35% |
The correlation of Vident Core 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vident Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vident Core Bond 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.
Significant diversification
The correlation between Vident Core Bond and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vident Core Bond and NYA in the same portfolio, assuming nothing else is changed.
Vident |
The ability to find closely correlated positions to Vident Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vident Core 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 Vident Core - 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 Vident Core Bond to buy it.
Moving together with Vident Etf
| 0.86 | IUSB | iShares Core Total | PairCorr |
| 0.94 | FIXD | First Trust TCW | PairCorr |
| 0.81 | FBND | Fidelity Total Bond | PairCorr |
| 0.9 | TOTL | SPDR DoubleLine Total | PairCorr |
| 0.98 | HTRB | Hartford Total Return | PairCorr |
| 0.99 | GTO | Invesco Total Return | PairCorr |
| 0.98 | EUSB | iShares Trust | PairCorr |
| 0.98 | JCPB | JPMorgan Core Plus | PairCorr |
| 0.98 | CGCP | Capital Group Core | PairCorr |
| 0.79 | WIP | SPDR FTSE International | PairCorr |
| 0.77 | ISHG | iShares 1 3 | PairCorr |
| 0.92 | IGOV | iShares International | PairCorr |
| 0.72 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against Vident Etf
| 0.54 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
| 0.49 | GE | GE Aerospace Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.78 | 0.54 | -0.03 | 0.78 | FCOR | ||
| 0.78 | 0.84 | 0.45 | 0.52 | FLTB | ||
| 0.54 | 0.84 | 0.67 | 0.49 | FDHY | ||
| -0.03 | 0.45 | 0.67 | 0.21 | FDVV | ||
| 0.78 | 0.52 | 0.49 | 0.21 | FREL | ||
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Correlation Matchups
Over a given time period, the two securities move together 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
| High negative correlations
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Vident Core Constituents Risk-Adjusted Indicators
There is a big difference between Vident Etf performing well and Vident Core 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 Vident Core'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCOR | 0.29 | (0.05) | 0.00 | (0.11) | 0.00 | 0.43 | 1.76 | |||
| FLTB | 0.13 | (0.02) | 0.00 | (0.09) | 0.00 | 0.21 | 0.72 | |||
| FDHY | 0.22 | (0.02) | (0.16) | (0.02) | 0.31 | 0.45 | 1.46 | |||
| FDVV | 0.48 | 0.06 | 0.01 | (0.82) | 0.52 | 1.01 | 2.64 | |||
| FREL | 0.84 | (0.07) | 0.00 | (4.09) | 0.00 | 1.34 | 6.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vident Core without increasing your portfolio risk or giving up the 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.Did you try this?
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Already Invested in Vident Core Bond?
The danger of trading Vident Core Bond 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 Vident Core 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 Vident Core. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vident Core Bond 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.
When determining whether Vident Core Bond is a strong investment it is important to analyze Vident Core's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vident Core's future performance. For an informed investment choice regarding Vident Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vident Core Bond. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of Vident Core Bond is measured differently than its book value, which is the value of Vident that is recorded on the company's balance sheet. Investors also form their own opinion of Vident Core's value that differs from its market value or its book value, called intrinsic value, which is Vident Core'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 Vident Core's market value can be influenced by many factors that don't directly affect Vident Core'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 Vident Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vident Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vident Core'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.