VanEck Rare Correlations

REMX Etf

USD 45.85 0.76 1.69%

The current 90-days correlation between VanEck Rare EarthStr and Global X Copper is 0.72 (i.e., Poor diversification). The correlation of VanEck Rare 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

VanEck Rare Correlation With Market

Good diversification

The correlation between VanEck Rare EarthStrategic and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Rare EarthStrategic and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in VanEck Rare EarthStrategic. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with VanEck Etf

0.71	SIL	Global X Silver	Pair Corr
0.84	USD	ProShares Ultra Semi	Pair Corr
0.75	TECL	Direxion Daily Technology	Pair Corr
0.75	ROM	ProShares Ultra Tech	Pair Corr
0.73	QLD	ProShares Ultra QQQ	Pair Corr
0.82	SMH	VanEck Semiconductor ETF	Pair Corr
0.62	UPRO	ProShares UltraPro SP500	Pair Corr
0.62	SPXL	Direxion Daily SP500	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.81	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.86	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.7	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against VanEck Etf

0.41	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.66	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.62	KO	Coca Cola Sell-off Trend	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.56	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	COPX	URA	LIT	PICK	XME
COPX		0.51	0.56	0.92	0.46	COPX
URA	0.51		0.77	0.52	0.82	URA
LIT	0.56	0.77		0.61	0.79	LIT
PICK	0.92	0.52	0.61		0.53	PICK
XME	0.46	0.82	0.79	0.53		XME
	COPX	URA	LIT	PICK	XME

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VanEck Rare Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Rare 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 VanEck Rare'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
COPX	1.79	(0.04)	0.00	0.34	0.00	0.00	3.58	(3.94)	12.15
URA	1.81	0.29	0.07	(3.65)	1.99	(1.93)	4.14	(3.47)	10.62
LIT	2.09	0.24	0.07	0.76	2.12	(2.14)	5.90	(3.47)	11.67
PICK	1.19	(0.09)	(0.06)	0.01	1.74	(1.19)	3.04	(2.59)	8.88
XME	1.25	0.22	0.07	15.56	1.26	(1.55)	3.33	(1.79)	10.59

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