Intech SP Correlations

LGDX Etf

23.28 0.09 0.39%

The current 90-days correlation between Intech SP Large and Amg Timessquare Small is 0.68 (i.e., Poor 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 0.79 (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 services.

Moving together with Intech Etf

0.94	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.77	VIG	Vanguard Dividend	Pair Corr
0.92	VV	Vanguard Large Cap	Pair Corr
0.79	RSP	Invesco SP 500	Pair Corr
0.93	IWB	iShares Russell 1000	Pair Corr
0.91	ESGU	iShares ESG Aware	Pair Corr
0.89	DFAC	Dimensional Core Equity	Pair Corr
0.95	TOT	Advisor Managed Port	Pair Corr
0.68	DUKH	Ocean Park High	Pair Corr
0.76	FTBI	First Trust Exchange	Pair Corr
0.65	FLCV	Federated Hermes ETF	Pair Corr
0.77	QLC	FlexShares Quality Large	Pair Corr
0.75	CSD	Invesco SP Spin	Pair Corr
0.79	QULL	ETRACS 2x Leveraged	Pair Corr
0.81	SCZ	iShares MSCI EAFE	Pair Corr
0.94	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.81	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.91	VOO	Vanguard SP 500	Pair Corr
0.86	TJUL	Innovator Etfs Trust	Pair Corr
0.65	HYSD	Columbia ETF Trust	Pair Corr
0.85	QQH	HCM Defender 100	Pair Corr

Moving against Intech Etf

0.79	VXX	iPath Series B Sell-off Trend	Pair Corr
0.42	NFLX	Netflix	Pair Corr

Related Correlations Analysis

	TSCPX	HEOMX	RIPNX	BCV	BHBFX	EKGAX	EKGCX	GRSPX	AADBX	DCGTX
TSCPX		0.24	-0.04	0.3	0.47	0.33	-0.2	0.42	0.53	0.33	TSCPX
HEOMX	0.24		-0.37	0.26	0.43	0.75	-0.5	0.77	0.28	0.51	HEOMX
RIPNX	-0.04	-0.37		0.22	0.13	0.14	0.69	-0.21	0.06	-0.77	RIPNX
BCV	0.3	0.26	0.22		-0.17	0.09	0.08	0.15	0.12	-0.19	BCV
BHBFX	0.47	0.43	0.13	-0.17		0.68	-0.05	0.61	0.54	0.18	BHBFX
EKGAX	0.33	0.75	0.14	0.09	0.68		-0.18	0.76	0.43	0.15	EKGAX
EKGCX	-0.2	-0.5	0.69	0.08	-0.05	-0.18		-0.37	-0.05	-0.69	EKGCX
GRSPX	0.42	0.77	-0.21	0.15	0.61	0.76	-0.37		0.42	0.42	GRSPX
AADBX	0.53	0.28	0.06	0.12	0.54	0.43	-0.05	0.42		0.15	AADBX
DCGTX	0.33	0.51	-0.77	-0.19	0.18	0.15	-0.69	0.42	0.15		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	+ 0.77	HEOMX
GRSPX	+ 0.76	EKGAX
EKGAX	+ 0.75	HEOMX
EKGCX	+ 0.69	RIPNX
EKGAX	+ 0.68	BHBFX
GRSPX	+ 0.61	BHBFX

High negative correlations

DCGTX	- 0.77	RIPNX
DCGTX	- 0.69	EKGCX
EKGCX	- 0.5	HEOMX
GRSPX	- 0.37	EKGCX
RIPNX	- 0.37	HEOMX
GRSPX	- 0.21	RIPNX

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	1.03	(0.10)	0.00	(0.01)	0.00	0.00	1.88	(2.10)	8.80
HEOMX	0.81	0.14	0.09	7.01	0.88	(0.90)	1.32	(1.47)	7.58
RIPNX	0.52	(0.14)	0.00	(0.21)	0.00	0.00	0.88	(1.22)	2.67
BCV	1.01	0.00	(0.01)	0.06	1.33	(1.00)	2.14	(2.27)	6.32
BHBFX	0.49	(0.03)	(0.08)	0.01	0.56	(0.60)	1.15	(1.01)	2.80
EKGAX	0.64	0.01	(0.03)	0.12	0.90	(0.62)	1.32	(1.12)	3.65
EKGCX	0.61	(0.04)	0.00	0.29	0.00	0.00	1.33	(1.22)	5.68
GRSPX	0.89	0.07	0.06	0.12	0.98	(1.00)	1.67	(1.91)	10.11
AADBX	0.49	(0.10)	0.00	(0.13)	0.00	0.00	0.90	(0.82)	7.51
DCGTX	0.74	0.08	0.03	0.81	0.75	(1.11)	2.07	(1.49)	5.26

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