FinEx Physically Correlations
| FXGD Etf | EUR 2.64 -0.15 -5.38% |
The current 90-days correlation between FinEx Physically Gold and ARK INNOVATION 1X is 0.12 (i.e., Average diversification).The statistical correlation between FinEx Physically and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.
Correlation to Market: FinEx Physically
Good diversification
The correlation between FXGD and DJI is -0.04, which Macroaxis classifies as Good diversification for the selected horizon. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
FinEx |
Correlation data for FinEx Physically reflects how it moves relative to similar exposures. The dataset reflects observed co-movement patterns from historical price data. Some regulatory frameworks restrict replacement of substantially identical instruments.
Moving together with FinEx Etf
| 0.91 | IEGE | iShares III Public | PairCorr |
| 0.85 | IFFF | iShares MSCI AC | PairCorr |
| 1.0 | PHAU | WisdomTree Physical Gold | PairCorr |
| 0.81 | IWDP | iShares Developed Markets | PairCorr |
| 0.79 | GLDY | IncomeShares Gold Yield | PairCorr |
Related Correlations Analysis
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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FinEx Physically Competition Risk-Adjusted Indicators
There is a big difference between FinEx Etf performing well and FinEx Physically ETF doing well as a business compared to the competition. A thorough review of FinEx Physically's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.48 | 0.00 | 0.00 | -0.08 | 0.00 | 2.33 | 14.24 | |||
| MSFT | 1.25 | -0.26 | 0.00 | -0.62 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.54 | -0.13 | 0.00 | -0.33 | 0.00 | 3.18 | 11.09 | |||
| F | 1.34 | -0.14 | 0.00 | -0.21 | 0.00 | 3.61 | 10.01 | |||
| T | 1.11 | 0.19 | 0.20 | -1.16 | 1.17 | 3.87 | 8.53 | |||
| A | 1.23 | -0.25 | 0.00 | -0.33 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.82 | -0.37 | 0.00 | -0.66 | 0.00 | 3.41 | 9.78 | |||
| JPM | 1.11 | -0.03 | 0.00 | -0.11 | 0.00 | 2.02 | 8.17 | |||
| MRK | 1.13 | 0.26 | 0.22 | 0.45 | 1.22 | 2.54 | 7.29 | |||
| XOM | 1.32 | 0.45 | 0.34 | 6.55 | 1.14 | 2.90 | 6.83 |
Be your own money manager
Serious investors usually evaluate FinEx Physically Gold in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. Used correctly, optimization turns position sizing and rebalancing into measurable decisions rather than guesswork.
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