AIM ETF Correlations

JANW Etf  USD 34.07  0.07  0.21%   
The current 90-days correlation between AIM ETF Products and FT Vest Equity is 0.77 (i.e., Poor diversification). The correlation of AIM ETF 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.

AIM ETF Correlation With Market

Very weak diversification

The correlation between AIM ETF Products and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIM ETF Products 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 AIM ETF Products. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with AIM Etf

  0.82BUFR First Trust CboePairCorr
  0.84BUFD FT Cboe VestPairCorr
  0.71PSEP Innovator SP 500PairCorr
  0.95PJAN Innovator SP 500PairCorr
  0.79PJUL Innovator SP 500PairCorr
  0.8PAUG Innovator Equity PowerPairCorr
  0.63DNOV FT Cboe VestPairCorr
  0.92PMAY Innovator SP 500PairCorr
  0.87PJUN Innovator SP 500PairCorr
  0.61SPY SPDR SP 500 Aggressive PushPairCorr
  0.61IVV iShares Core SPPairCorr
  0.76VUG Vanguard Growth IndexPairCorr
  0.63BAC Bank of AmericaPairCorr
  0.83JPM JPMorgan Chase Sell-off TrendPairCorr
  0.89AXP American Express Earnings Call TomorrowPairCorr
  0.61BA Boeing Earnings Call This WeekPairCorr
  0.62MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.75WMT WalmartPairCorr
  0.89CSCO Cisco Systems Aggressive PushPairCorr

Moving against AIM Etf

  0.66VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.6VEA Vanguard FTSE DevelopedPairCorr
  0.52INOV Innovator ETFs TrustPairCorr
  0.38BND Vanguard Total BondPairCorr
  0.7DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.67HPQ HP IncPairCorr
  0.62XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.57MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.46INTC Intel Earnings Call TodayPairCorr
  0.42TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

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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   
DJUNDJUL
VVDJUL
VVDJUN
VVDHDG
DJULDHDG
DJUNDHDG
  
High negative correlations   
VVSH
SHMBCC
SHDJUN
SHDJUL
SHDHDG
MDLVDJAN

AIM ETF Constituents Risk-Adjusted Indicators

There is a big difference between AIM Etf performing well and AIM ETF 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 AIM ETF'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.