IShares Cohen Correlations

ICF Etf

USD 60.76 0.77 1.28%

The current 90-days correlation between iShares Cohen Steers and SPDR Dow Jones is 0.98 (i.e., Almost no diversification). The correlation of IShares Cohen 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 Cohen Correlation With Market

Significant diversification

The correlation between iShares Cohen Steers and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Cohen Steers and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Cohen Steers. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

0.83	VNQ	Vanguard Real Estate	Pair Corr
0.69	HHH	Howard Hughes	Pair Corr
1.0	XLRE	Real Estate	Pair Corr
1.0	IYR	iShares Real Estate	Pair Corr
0.99	USRT	iShares Core REIT	Pair Corr
0.76	IRET	iREIT MarketVector	Pair Corr
0.63	URNM	Sprott Uranium Miners	Pair Corr
0.9	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.87	VZ	Verizon Communications	Pair Corr
0.68	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.61	KO	Coca Cola Earnings Call This Week	Pair Corr
0.67	PG	Procter Gamble	Pair Corr

Moving against IShares Etf

0.69	RTL	Pacer Financial	Pair Corr
0.68	MORE	MORE	Pair Corr
0.68	FNGS	MicroSectors FANG ETN	Pair Corr
0.39	FNGU	MicroSectors FANG Index	Pair Corr
0.39	FNGO	MicroSectors FANG Index	Pair Corr
0.43	AXP	American Express	Pair Corr
0.35	MMM	3M Company	Pair Corr

Related Correlations Analysis

	RWR	IYR	IGE	IDU	IYM
RWR		0.99	0.65	0.83	0.77	RWR
IYR	0.99		0.65	0.85	0.78	IYR
IGE	0.65	0.65		0.8	0.82	IGE
IDU	0.83	0.85	0.8		0.72	IDU
IYM	0.77	0.78	0.82	0.72		IYM
	RWR	IYR	IGE	IDU	IYM

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IShares Cohen Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Cohen 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 Cohen'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RWR	0.87	(0.10)	(1.54)	1.55	(1.75)	5.55
IYR	0.92	(0.11)	(1.19)	1.64	(1.73)	5.71
IGE	0.73	(0.05)	(0.06)	1.31	(1.72)	6.07
IDU	0.80	(0.08)	6.83	1.56	(2.00)	4.34
IYM	0.71	(0.12)	(0.32)	1.03	(1.38)	5.07

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