Last Update: 01-Nov-2024, 17:54 CST

FDN Correlation Report

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Correlation Plot    ExplainYTD: FDN  19.0 %  vs. SPX  20.1 % 
First Trust DJ Internet Index Fund

* Correlation: VERY STRONG* Reward: MODERATE
* Diversifier: VERY WEAK* Risk: MODERATE

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.896

0.141

1.32

86

-5.4

61.7
* Last 60 market days. FDN relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankFDN CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.896 Subscribe first then Login to view complete reports now



2
0.873 Subscribe first then Login to view complete reports now

0.841

-0.085

2.58
3
0.767 Subscribe first then Login to view complete reports now

0.804

-0.100

3.78
4
1
0.765 Subscribe first then Login to view complete reports now

0.679

-0.056

2.40
5
1
0.756 AMZN - Amazon.com Inc.

0.675

-0.145

2.31
Least Correlated Non-ETF Securities:
RankFDN CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
33
0.000 Subscribe first then Login to view complete reports now

0.045

-1.749

7.34
2
39
0.000 Subscribe first then Login to view complete reports now

0.073

-1.006

3.30
3
125
-0.001 Subscribe first then Login to view complete reports now

0.123

-0.204

1.58
4
7
0.002 Subscribe first then Login to view complete reports now

0.058

0.197

14.76
5
59
0.002 AON - Aon plc Class A Ordinary Shares (Ireland)

0.075

0.012

0.95
Most Anti-Correlated Non-ETF Securities:
RankFDN CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.651 Subscribe first then Login to view complete reports now

-0.612

0.080

-0.57
2
-0.558 Subscribe first then Login to view complete reports now

-0.498

0.113

-0.44
3
-0.454 Subscribe first then Login to view complete reports now

-0.443

-0.007

-0.68
4
-0.453 Subscribe first then Login to view complete reports now

-0.428

0.065

-0.54
5
-0.447 AMT - American Tower Corporation (REIT)

-0.294

0.217

-1.76




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