Intech SP Correlations

LGDX Etf

22.90 0.13 0.56%

The current 90-days correlation between Intech SP Large and Jackson Square Smid Cap is -0.08 (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 0.64 (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 discontinued.

Moving together with Intech Etf

0.91	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.93	IVV	iShares Core SP	Pair Corr
0.96	VV	Vanguard Large Cap	Pair Corr
0.93	IWB	iShares Russell 1000	Pair Corr
0.97	ESGU	iShares ESG Aware	Pair Corr
0.64	DFAC	Dimensional Core Equity	Pair Corr
0.61	USD	ProShares Ultra Semi	Pair Corr
0.63	QLD	ProShares Ultra QQQ	Pair Corr
0.95	UPRO	ProShares UltraPro SP500	Pair Corr
0.95	SPXL	Direxion Daily SP500	Pair Corr
0.92	NJUL	Innovator Nasdaq 100	Pair Corr
0.65	NAPR	Innovator Nasdaq 100	Pair Corr
0.75	BDEC	Innovator SP 500	Pair Corr
0.65	QTAP	Innovator Growth 100	Pair Corr
0.9	PDEC	Innovator SP 500	Pair Corr

Related Correlations Analysis

	TSCPX	HEOMX	RIPNX	BCV	BHBFX	EKGAX	EKGCX	GRSPX	AADBX	DCGTX
TSCPX		0.77	0.59	0.73	0.49	0.82	-0.63	0.51	0.72	0.56	TSCPX
HEOMX	0.77		0.25	0.78	0.88	0.95	-0.73	0.87	0.93	0.85	HEOMX
RIPNX	0.59	0.25		0.55	-0.03	0.34	-0.22	0.02	0.16	0.13	RIPNX
BCV	0.73	0.78	0.55		0.69	0.84	-0.61	0.72	0.7	0.68	BCV
BHBFX	0.49	0.88	-0.03	0.69		0.84	-0.64	0.99	0.9	0.85	BHBFX
EKGAX	0.82	0.95	0.34	0.84	0.84		-0.69	0.84	0.9	0.82	EKGAX
EKGCX	-0.63	-0.73	-0.22	-0.61	-0.64	-0.69		-0.64	-0.66	-0.69	EKGCX
GRSPX	0.51	0.87	0.02	0.72	0.99	0.84	-0.64		0.89	0.85	GRSPX
AADBX	0.72	0.93	0.16	0.7	0.9	0.9	-0.66	0.89		0.8	AADBX
DCGTX	0.56	0.85	0.13	0.68	0.85	0.82	-0.69	0.85	0.8		DCGTX
	TSCPX	HEOMX	RIPNX	BCV	BHBFX	EKGAX	EKGCX	GRSPX	AADBX	DCGTX

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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

GRSPX	+ 0.99	BHBFX
EKGAX	+ 0.95	HEOMX
AADBX	+ 0.93	HEOMX
AADBX	+ 0.9	BHBFX
AADBX	+ 0.9	EKGAX
AADBX	+ 0.89	GRSPX

High negative correlations

EKGCX	- 0.73	HEOMX
DCGTX	- 0.69	EKGCX
EKGCX	- 0.69	EKGAX
AADBX	- 0.66	EKGCX
GRSPX	- 0.64	EKGCX
EKGCX	- 0.64	BHBFX

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	0.95	0.11	0.10	0.20	0.85	(1.11)	1.88	(1.53)	8.67
HEOMX	0.76	0.30	0.26	(1.62)	0.37	(0.90)	1.60	(1.20)	7.92
RIPNX	0.57	0.01	(0.05)	0.12	0.60	(0.64)	1.20	(1.15)	2.98
BCV	0.83	0.09	0.04	0.31	0.78	(0.95)	2.00	(1.57)	5.77
BHBFX	0.52	0.13	0.16	0.30	0.28	(0.62)	1.23	(1.02)	2.95
EKGAX	0.60	0.19	0.15	(7.14)	0.35	(0.69)	1.89	(0.93)	4.61
EKGCX	0.61	(0.05)	0.00	(4.40)	0.00	0.00	1.33	(1.22)	5.68
GRSPX	0.62	0.11	0.13	0.21	0.48	(0.73)	1.66	(1.17)	4.28
AADBX	0.38	0.04	0.01	0.15	0.26	(0.46)	1.00	(0.66)	2.34
DCGTX	0.74	0.10	0.01	(0.53)	0.75	(1.11)	2.07	(1.49)	5.26

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