IShares Correlations

IBHE Etf

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The current 90-days correlation between IShares and Columbia Diversified Fixed is -0.09 (i.e., Good diversification). The correlation of IShares 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.

IShares Correlation With Market

Very poor diversification

The correlation between IShares and DJI is 0.8 (i.e., Very 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 Risk vs Return Analysis 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 various price indices.

Moving together with IShares Etf

0.99	BSCP	Invesco	Pair Corr
0.99	IBDQ	IShares	Pair Corr
0.99	BSCQ	Invesco BulletShares 2026	Pair Corr
0.98	IBDR	iShares iBonds Dec	Pair Corr
0.95	IBDS	iShares iBonds Dec	Pair Corr
0.88	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.82	MUU	Direxion Daily MU Trending	Pair Corr
0.9	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.82	MULL	GraniteShares 2x Long Trending	Pair Corr
0.9	JNUG	Direxion Daily Junior Trending	Pair Corr
0.7	KORU	Direxion Daily South	Pair Corr
0.9	NUGT	Direxion Daily Gold	Pair Corr
0.91	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.91	SLVR	Sprott Silver Miners	Pair Corr
0.81	SHNY	Microsectors Gold	Pair Corr
0.85	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.83	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.83	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.93	MRK	Merck Company	Pair Corr
0.64	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Moving against IShares Etf

0.86	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.89	HPQ	HP Inc	Pair Corr
0.72	T	ATT Inc Earnings Call This Week	Pair Corr
0.59	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.56	0.27	-0.24	0.15	-0.12	0.53	-0.07	-0.28	-0.32	META
MSFT	0.56		0.78	-0.55	0.52	0.25	0.35	-0.25	-0.84	-0.74	MSFT
UBER	0.27	0.78		-0.47	0.42	0.45	0.01	-0.39	-0.8	-0.51	UBER
F	-0.24	-0.55	-0.47		-0.64	-0.13	0.07	0.59	0.68	0.62	F
T	0.15	0.52	0.42	-0.64		0.55	-0.19	-0.41	-0.49	-0.64	T
A	-0.12	0.25	0.45	-0.13	0.55		-0.32	-0.22	-0.25	-0.37	A
CRM	0.53	0.35	0.01	0.07	-0.19	-0.32		0.54	-0.09	-0.33	CRM
JPM	-0.07	-0.25	-0.39	0.59	-0.41	-0.22	0.54		0.48	0.17	JPM
MRK	-0.28	-0.84	-0.8	0.68	-0.49	-0.25	-0.09	0.48		0.74	MRK
XOM	-0.32	-0.74	-0.51	0.62	-0.64	-0.37	-0.33	0.17	0.74		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.78	MSFT
XOM	+ 0.74	MRK
MRK	+ 0.68	F
XOM	+ 0.62	F
JPM	+ 0.59	F
MSFT	+ 0.56	META

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.8	UBER
XOM	- 0.74	MSFT
XOM	- 0.64	T
T	- 0.64	F
F	- 0.55	MSFT

IShares Competition 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
META	1.42	(0.21)	0.00	(0.14)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.04	(0.18)	0.00	(0.50)	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.24)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.50	0.11	0.10	0.14	1.32	(1.86)	3.69	(2.35)	16.30
T	0.87	(0.16)	0.00	(0.39)	0.00	0.00	1.53	(1.85)	4.30
A	1.21	(0.17)	0.00	(0.06)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.51	(0.23)	0.00	(0.13)	0.00	0.00	3.22	(3.10)	12.37
JPM	1.13	(0.11)	0.00	(0.01)	0.00	0.00	2.00	(3.11)	7.38
MRK	1.24	0.31	0.21	0.48	1.09	(1.53)	3.59	(1.98)	8.09
XOM	1.07	0.28	0.18	4.20	0.95	(1.22)	2.38	(1.51)	5.82

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 iBonds 2028 iShares iBonds 2029 AAM Low Duration First Trust Multi Asset iShares iBonds 2027 Dimensional ETF Trust iShares iBonds 2026 REX FANG Innovation Pacer Pacific Asset Columbia Diversified Fixed American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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