IShares Correlations

BTEK Etf

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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 -0.08 (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

0.69	LUX	Tema ETF Trust	Pair Corr
0.43	HUM	Humana Inc	Pair Corr
0.41	CIBR	First Trust NASDAQ Sell-off Trend	Pair Corr
0.35	FDN	First Trust Dow	Pair Corr
0.34	SWP	SWP Growth Income	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.6	T	ATT Inc Earnings Call This Week	Pair Corr
0.6	JPM	JPMorgan Chase	Pair Corr
0.4	IBM	International Business Tech Boost	Pair Corr

Related Correlations Analysis

	BFTR	BMED	GINN	IWFH	TECB
BFTR		0.16	0.43	0.5	0.16	BFTR
BMED	0.16		0.51	0.48	0.4	BMED
GINN	0.43	0.51		0.37	0.93	GINN
IWFH	0.5	0.48	0.37		0.2	IWFH
TECB	0.16	0.4	0.93	0.2		TECB
	BFTR	BMED	GINN	IWFH	TECB

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BFTR	0.98	0.10	0.04	0.38	1.09	(1.05)	1.67	(1.78)	4.64
BMED	0.70	0.05	(0.01)	1.00	1.19	(0.65)	1.15	(1.10)	5.16
GINN	0.75	0.00	0.04	0.00	0.96	(0.75)	1.40	(1.32)	5.54
IWFH	54.71	26.08	24.26	1.21	0.00	(57.93)	1.47	(1.99)	1,835
TECB	0.89	0.09	0.02	2.63	1.14	(0.87)	1.74	(2.04)	6.29

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.

IShares BlackRock Future Health Goldman Sachs Innovate IShares iShares Tech Breakthrough American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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