IShares Correlations

Etfs . USA . 
Etf . IShares
BTEK Etf  USD 4.00  0.00  0.00%   
The current 90-days correlation between IShares and IShares is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IShares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Correlation With Market

Good diversification

The correlation between IShares and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IShares and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against IShares Etf

  0.58IGV iShares Expanded TechPairCorr
  0.58ARKW ARK Next GenerationPairCorr
  0.55WTMF WisdomTree ManagedPairCorr
  0.51FDN First Trust DowPairCorr
  0.5EWC iShares MSCI CanadaPairCorr
  0.45OIH VanEck Oil ServicesPairCorr
  0.35VGT Vanguard InformationPairCorr
  0.35CIBR First Trust NASDAQPairCorr
  0.35FTEC Fidelity MSCI InformationPairCorr
  0.33IGM iShares Expanded TechPairCorr
  0.72WMT Walmart Aggressive PushPairCorr
  0.6PG Procter Gamble Sell-off TrendPairCorr
  0.58JPM JPMorgan Chase Sell-off TrendPairCorr
  0.54CVX Chevron Corp Sell-off TrendPairCorr
  0.43TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.42HD Home DepotPairCorr
  0.39CSCO Cisco Systems Sell-off TrendPairCorr

Related Correlations Analysis

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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   
TECB
+ 0.97
GINN
TECB
+ 0.82
BFTR
GINN
+ 0.76
BFTR
IWFH
+ 0.5
BFTR
IWFH
+ 0.45
GINN
TECB
+ 0.45
IWFH
  
High negative correlations   
BMED
- 0.41
BFTR
TECB
- 0.2
BMED
GINN
- 0.15
BMED
IWFH
- 0.02
BMED

IShares Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 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 IShares' 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.

IShares Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IShares etf to make a market-neutral strategy. Peer analysis of IShares could also be used in its relative valuation, which is a method of valuing IShares by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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