AIM ETF Correlations

Etfs . USA . 
Etf . AIM ETF Products
JULT Etf  USD 39.57  0.15  0.38%   
The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.79 (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 poor diversification

The correlation between AIM ETF Products and DJI is 0.83 (i.e., Very poor 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 bureau of economic analysis.

Moving together with AIM Etf

  1.0BUFR First Trust CboePairCorr
  0.99BUFD FT Cboe VestPairCorr
  1.0PSEP Innovator SP 500PairCorr
  0.98PJAN Innovator SP 500PairCorr
  1.0PJUL Innovator SP 500PairCorr
  1.0PAUG Innovator Equity PowerPairCorr
  0.94DNOV FT Cboe VestPairCorr
  0.99PMAY Innovator SP 500PairCorr
  1.0PJUN Innovator SP 500PairCorr
  0.86NVDL GraniteShares 15x LongPairCorr
  0.86NVDX T Rex 2XPairCorr
  0.68CONL GraniteShares ETF TrustPairCorr
  0.86NVDU Direxion Daily NVDAPairCorr
  0.76BITX Volatility Shares Trust TrendingPairCorr
  0.87CRPT First Trust SkyBridgePairCorr
  0.86DAPP VanEck Digital TransPairCorr
  0.85USD ProShares Ultra Semi Potential GrowthPairCorr
  0.87WGMI Valkyrie Bitcoin MinersPairCorr
  0.95PPA Invesco Aerospace DefensePairCorr
  1.0SPY SPDR SP 500PairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.72T ATT Inc Aggressive PushPairCorr
  0.86WMT Walmart Aggressive PushPairCorr
  0.77DIS Walt Disney Aggressive PushPairCorr
  0.91INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.95CSCO Cisco SystemsPairCorr
  0.87CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.84CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.71JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.83BAC Bank of America Aggressive PushPairCorr

Moving against AIM Etf

  0.72BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.71JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.7KO Coca Cola Aggressive PushPairCorr
  0.55PG Procter GamblePairCorr
  0.54PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY