JIB Correlations

JIB Etf

USD 41.99 0.00 0.00%

The current 90-days correlation between JIB and iShares MSCI EAFE is -0.12 (i.e., Good diversification). The correlation of JIB 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.

JIB Correlation With Market

Good diversification

The correlation between JIB and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JIB 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. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with JIB Etf

0.61

NRGU

Bank Of Montreal

Pair Corr

Moving against JIB Etf

0.75	USD	ProShares Ultra Semi Potential Growth	Pair Corr
0.65	YCS	ProShares UltraShort Yen Potential Growth	Pair Corr
0.65	TBT	ProShares UltraShort	Pair Corr
0.59	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.54	DIG	ProShares Ultra Oil	Pair Corr
0.44	SGG	Barclays Capital	Pair Corr
0.78	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.77	XLK	Technology Select Sector	Pair Corr
0.77	DIVB	iShares Dividend	Pair Corr
0.76	PUTW	WisdomTree CBOE SP	Pair Corr
0.75	MAGS	Roundhill Magnificent	Pair Corr
0.69	DIVG	Invesco Exchange Traded	Pair Corr
0.69	USFR	WisdomTree Floating Rate	Pair Corr
0.66	BUG	Global X Cybersecurity	Pair Corr
0.65	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.65	IDGT	iShares Trust Symbol Change	Pair Corr
0.6	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.59	MSTY	YieldMax MSTR Option	Pair Corr
0.55	IDU	iShares Utilities ETF	Pair Corr
0.51	BTC	Grayscale Bitcoin Mini	Pair Corr
0.51	DISO	Tidal Trust II	Pair Corr
0.47	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.4	AMZA	InfraCap MLP ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.28	0.57	-0.02	0.62	0.02	0.71	0.3	-0.57	0.73	META
MSFT	0.28		0.24	0.13	0.18	-0.02	0.02	-0.17	0.11	-0.19	MSFT
UBER	0.57	0.24		-0.01	0.05	0.25	0.08	-0.07	0.02	0.38	UBER
F	-0.02	0.13	-0.01		-0.04	-0.36	0.32	0.6	-0.22	0.26	F
T	0.62	0.18	0.05	-0.04		-0.46	0.71	0.45	-0.75	0.39	T
A	0.02	-0.02	0.25	-0.36	-0.46		-0.47	-0.65	0.63	0.0	A
CRM	0.71	0.02	0.08	0.32	0.71	-0.47		0.81	-0.92	0.68	CRM
JPM	0.3	-0.17	-0.07	0.6	0.45	-0.65	0.81		-0.82	0.49	JPM
MRK	-0.57	0.11	0.02	-0.22	-0.75	0.63	-0.92	-0.82		-0.56	MRK
XOM	0.73	-0.19	0.38	0.26	0.39	0.0	0.68	0.49	-0.56		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

JPM	+ 0.81	CRM
XOM	+ 0.73	META
CRM	+ 0.71	META
CRM	+ 0.71	T
XOM	+ 0.68	CRM
MRK	+ 0.63	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.82	JPM
MRK	- 0.75	T
JPM	- 0.65	A
MRK	- 0.57	META
XOM	- 0.56	MRK

JIB Competition Risk-Adjusted Indicators

There is a big difference between JIB Etf performing well and JIB 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 JIB'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
META	1.05	0.01	(0.01)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.11)	0.00	(0.05)	0.00	0.00	2.09	(2.02)	8.19
UBER	1.56	(0.16)	0.00	(0.06)	0.00	0.00	2.53	(2.44)	20.10
F	1.39	(0.12)	(0.03)	0.02	2.20	(1.34)	2.53	(2.90)	11.72
T	0.92	0.26	0.15	57.17	0.86	(1.04)	2.56	(1.72)	6.47
A	1.12	(0.13)	0.00	(0.16)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.27	0.23	0.33	0.92	(1.51)	3.18	(1.91)	9.09
JPM	1.11	0.03	0.07	0.12	1.44	(1.15)	2.05	(2.00)	15.87
MRK	0.85	(0.24)	0.00	(1.03)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.04	0.06	0.01	0.20	1.20	(1.10)	2.14	(2.09)	5.78

JIB 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 JIB etf to make a market-neutral strategy. Peer analysis of JIB could also be used in its relative valuation, which is a method of valuing JIB by comparing valuation metrics with similar companies.

iShares MSCI EAFE iShares iBoxx Investment iShares TIPS Bond iShares 1 3 Year iShares 7 10 Year American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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