Intech SP Correlations

LGDX Etf

23.19 0.09 0.39%

The current 90-days correlation between Intech SP Large and Amg Timessquare Small is -0.01 (i.e., Good diversification). The correlation of Intech SP 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.

Intech SP Correlation With Market

Poor diversification

The correlation between Intech SP Large and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intech SP Large and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intech Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Intech SP Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Intech Etf

0.85	VTI	Vanguard Total Stock	Pair Corr
0.96	SPY	SPDR SP 500	Pair Corr
0.96	IVV	iShares Core SP	Pair Corr
0.85	VIG	Vanguard Dividend	Pair Corr
0.96	VV	Vanguard Large Cap	Pair Corr
0.87	RSP	Invesco SP 500	Pair Corr
0.96	IWB	iShares Russell 1000	Pair Corr
0.95	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
0.71	MUU	Direxion Daily MU	Pair Corr
0.66	MULL	GraniteShares 2x Long	Pair Corr
0.7	KORU	Direxion Daily South	Pair Corr
0.68	AGQ	ProShares Ultra Silver	Pair Corr
0.8	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.75	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.67	BA	Boeing	Pair Corr
0.68	AXP	American Express	Pair Corr
0.77	BAC	Bank of America Earnings Call Today	Pair Corr

Moving against Intech Etf

0.61	T	ATT Inc	Pair Corr
0.48	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TSCPX	HEOMX	RIPNX	BCV	BHBFX	EKGAX	EKGCX	GRSPX	AADBX
TSCPX		0.95	0.1	0.03	0.79	0.92	-0.57	0.86	0.9	TSCPX
HEOMX	0.95		0.2	0.14	0.77	0.96	-0.45	0.86	0.89	HEOMX
RIPNX	0.1	0.2		0.7	0.23	0.3	0.3	0.17	0.29	RIPNX
BCV	0.03	0.14	0.7		0.05	0.2	0.34	0.13	0.13	BCV
BHBFX	0.79	0.77	0.23	0.05		0.82	-0.51	0.78	0.91	BHBFX
EKGAX	0.92	0.96	0.3	0.2	0.82		-0.48	0.88	0.92	EKGAX
EKGCX	-0.57	-0.45	0.3	0.34	-0.51	-0.48		-0.4	-0.48	EKGCX
GRSPX	0.86	0.86	0.17	0.13	0.78	0.88	-0.4		0.89	GRSPX
AADBX	0.9	0.89	0.29	0.13	0.91	0.92	-0.48	0.89		AADBX
	TSCPX	HEOMX	RIPNX	BCV	BHBFX	EKGAX	EKGCX	GRSPX	AADBX

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

EKGAX	+ 0.96	HEOMX
HEOMX	+ 0.95	TSCPX
EKGAX	+ 0.92	TSCPX
AADBX	+ 0.92	EKGAX
AADBX	+ 0.91	BHBFX
AADBX	+ 0.9	TSCPX

High negative correlations

EKGCX	- 0.57	TSCPX
EKGCX	- 0.51	BHBFX
AADBX	- 0.48	EKGCX
EKGCX	- 0.48	EKGAX
EKGCX	- 0.45	HEOMX
GRSPX	- 0.4	EKGCX

Intech SP Constituents Risk-Adjusted Indicators

There is a big difference between Intech Etf performing well and Intech SP 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 Intech SP'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
TSCPX	1.00	0.23	0.12	1.33	1.08	(1.14)	2.28	(1.90)	7.91
HEOMX	0.82	0.14	0.06	3.56	0.85	(0.92)	1.44	(1.48)	7.54
RIPNX	0.49	(0.08)	0.00	(0.08)	0.00	0.00	1.05	(1.22)	2.28
BCV	0.97	(0.04)	(0.05)	0.03	1.28	(1.03)	2.16	(2.27)	6.32
BHBFX	0.56	(0.01)	(0.05)	0.07	0.57	(0.65)	1.30	(1.05)	2.86
EKGAX	0.64	0.08	0.01	0.44	0.77	(0.65)	1.71	(0.99)	3.84
EKGCX	0.61	(0.07)	0.00	(0.20)	0.00	0.00	1.33	(1.22)	5.68
GRSPX	0.90	0.07	0.06	0.15	0.98	(0.95)	1.67	(1.91)	10.11
AADBX	0.41	0.00	(0.06)	0.09	0.44	(0.45)	0.90	(0.66)	1.99

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