IShares Correlations

FOVL Etf

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The current 90-days correlation between IShares and Alpha Architect Value is -0.01 (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

Poor diversification

The correlation between IShares and DJI is 0.67 (i.e., Poor 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.

Build AI portfolio with IShares Etf

Check out Investing Opportunities 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 inflation.

Moving together with IShares Etf

0.77	VOE	Vanguard Mid Cap	Pair Corr
0.7	SDY	SPDR SP Dividend	Pair Corr
0.71	DVY	iShares Select Dividend	Pair Corr
0.74	IWS	iShares Russell Mid	Pair Corr
0.71	FVD	First Trust Value	Pair Corr
0.71	SPYD	SPDR Portfolio SP	Pair Corr
0.83	COWZ	Pacer Cash Cows	Pair Corr
0.75	IJJ	iShares SP Mid	Pair Corr
0.75	DON	WisdomTree MidCap	Pair Corr
0.77	RPV	Invesco SP 500	Pair Corr
0.68	AGQ	ProShares Ultra Silver	Pair Corr
0.7	DGP	DB Gold Double	Pair Corr
0.7	UGL	ProShares Ultra Gold	Pair Corr
0.73	NUGT	Direxion Daily Gold	Pair Corr
0.78	DXIV	Dimensional ETF Trust	Pair Corr
0.73	RCGE	RockCreek Global Equality	Pair Corr
0.61	MCD	McDonalds Sell-off Trend	Pair Corr
0.7	MRK	Merck Company Earnings Call Tomorrow	Pair Corr
0.62	BA	Boeing Sell-off Trend	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.66	PFE	Pfizer Inc Earnings Call Tomorrow	Pair Corr
0.71	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.59	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.45	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KNGZ	CSA	SDEI	HEWG	CLSC	CRUZ	PP	FTDS	PSMB	VMOT
KNGZ		-0.89	0.0	0.0	0.0	-0.84	-0.46	0.95	0.0	0.9	KNGZ
CSA	-0.89		0.0	0.0	0.0	0.91	0.53	-0.94	0.0	-0.85	CSA
SDEI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SDEI
HEWG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HEWG
CLSC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CLSC
CRUZ	-0.84	0.91	0.0	0.0	0.0		0.56	-0.91	0.0	-0.81	CRUZ
PP	-0.46	0.53	0.0	0.0	0.0	0.56		-0.48	0.0	-0.27	PP
FTDS	0.95	-0.94	0.0	0.0	0.0	-0.91	-0.48		0.0	0.94	FTDS
PSMB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PSMB
VMOT	0.9	-0.85	0.0	0.0	0.0	-0.81	-0.27	0.94	0.0		VMOT
	KNGZ	CSA	SDEI	HEWG	CLSC	CRUZ	PP	FTDS	PSMB	VMOT

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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

FTDS	+ 0.95	KNGZ
VMOT	+ 0.94	FTDS
CRUZ	+ 0.91	CSA
VMOT	+ 0.9	KNGZ
PP	+ 0.56	CRUZ
PP	+ 0.53	CSA

High negative correlations

FTDS	- 0.94	CSA
FTDS	- 0.91	CRUZ
CSA	- 0.89	KNGZ
VMOT	- 0.85	CSA
CRUZ	- 0.84	KNGZ
VMOT	- 0.81	CRUZ

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
KNGZ	0.65	0.04	0.04	0.07	0.72	(0.71)	1.73	(1.33)	4.28
CSA	1.07	(0.21)	0.00	8.79	0.00	0.00	1.35	(2.65)	11.89
SDEI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEWG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRUZ	1.52	(0.34)	0.00	1.18	0.00	0.00	2.19	(3.68)	18.78
PP	1.10	0.02	(0.01)	0.93	1.30	(1.28)	2.71	(2.00)	9.37
FTDS	0.64	0.09	0.12	0.14	0.55	(0.72)	2.01	(1.25)	3.67
PSMB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMOT	0.58	0.09	0.07	0.17	0.75	(0.72)	1.41	(1.12)	4.72

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.

First Trust Exchange Traded VictoryShares Toroso Investments IShares Exchange Traded Concepts Defiance ETFs Toroso Investments First Trust Dividend PSMB Alpha Architect Value American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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