IQ Healthy Correlations
| HART Etf | USD 32.22 0.19 0.59% |
The current 90-days correlation between IQ Healthy Hearts and Live Ventures is 0.24 (i.e., Modest diversification). The correlation of IQ Healthy 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.
IQ Healthy Correlation With Market
Very weak diversification
The correlation between IQ Healthy Hearts and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Healthy Hearts and DJI in the same portfolio, assuming nothing else is changed.
HART |
Moving together with HART Etf
| 0.88 | XLV | Health Care Select | PairCorr |
| 0.88 | VHT | Vanguard Health Care | PairCorr |
| 0.65 | IBB | iShares Biotechnology ETF | PairCorr |
| 0.84 | IHI | iShares Medical Devices | PairCorr |
| 0.88 | IXJ | iShares Global Healthcare | PairCorr |
| 0.89 | IYH | iShares Healthcare ETF | PairCorr |
| 0.88 | FHLC | Fidelity MSCI Health | PairCorr |
| 0.83 | ARKG | ARK Genomic Revolution Buyout Trend | PairCorr |
| 0.66 | IHF | iShares Healthcare | PairCorr |
| 0.69 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | BAC | Bank of America | PairCorr |
| 0.68 | IBM | International Business | PairCorr |
| 0.74 | T | ATT Inc Aggressive Push | PairCorr |
| 0.73 | JPM | JPMorgan Chase | PairCorr |
| 0.62 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.81 | GE | GE Aerospace Sell-off Trend | PairCorr |
| 0.75 | MMM | 3M Company | PairCorr |
Moving against HART Etf
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
IQ Healthy Constituents Risk-Adjusted Indicators
There is a big difference between HART Etf performing well and IQ Healthy 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 IQ Healthy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GIGA | 4.05 | (2.05) | 0.00 | 1.16 | 0.00 | 0.00 | 78.81 | |||
| GBIM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TLOG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIVE | 2.58 | (0.12) | 0.00 | (4.61) | 0.00 | 5.98 | 16.88 |