IQ Large Correlations

LRND Etf

USD 34.08 0.24 0.70%

The current 90-days correlation between IQ Large Cap and FT Vest Equity is 0.64 (i.e., Poor diversification). The correlation of IQ Large 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.

IQ Large Correlation With Market

Poor diversification

The correlation between IQ Large Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Large Cap and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LRND Etf

0.96	VTI	Vanguard Total Stock	Pair Corr
0.97	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.97	IVV	iShares Core SP	Pair Corr
0.93	VIG	Vanguard Dividend	Pair Corr
0.97	VV	Vanguard Large Cap	Pair Corr
0.94	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.96	IWB	iShares Russell 1000	Pair Corr
0.97	ESGU	iShares ESG Aware	Pair Corr
0.95	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
0.97	SPLG	SPDR Portfolio SP	Pair Corr
0.94	SIXD	AIM ETF Products	Pair Corr
0.85	CEFD	ETRACS Monthly Pay	Pair Corr
0.81	TSJA	TSJA	Pair Corr
0.82	DSJA	DSJA	Pair Corr
0.67	T	ATT Inc Aggressive Push	Pair Corr
0.91	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.93	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.64	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.65	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against LRND Etf

0.81	VIIX	VIIX	Pair Corr
0.79	YCL	ProShares Ultra Yen	Pair Corr
0.77	FXY	Invesco CurrencyShares	Pair Corr
0.7	ULE	ProShares Ultra Euro	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.68	KO	Coca Cola Sell-off Trend	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.49	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		-0.11	0.52	-0.41	0.01	-0.31	-0.33	0.23	-0.3	DHDG
MBCC	-0.11		-0.43	0.92	0.67	0.96	0.95	-0.96	0.95	MBCC
DIHP	0.52	-0.43		-0.63	0.03	-0.54	-0.56	0.47	-0.58	DIHP
DJAN	-0.41	0.92	-0.63		0.53	0.99	0.99	-0.96	0.99	DJAN
MDLV	0.01	0.67	0.03	0.53		0.61	0.6	-0.59	0.56	MDLV
DJUL	-0.31	0.96	-0.54	0.99	0.61		1.0	-0.99	0.99	DJUL
DJUN	-0.33	0.95	-0.56	0.99	0.6	1.0		-0.99	1.0	DJUN
SH	0.23	-0.96	0.47	-0.96	-0.59	-0.99	-0.99		-0.99	SH
VV	-0.3	0.95	-0.58	0.99	0.56	0.99	1.0	-0.99		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DJUN	+ 1.0	DJUL
VV	+ 1.0	DJUN
DJUL	+ 0.99	DJAN
DJUN	+ 0.99	DJAN
VV	+ 0.99	DJAN
VV	+ 0.99	DJUL

High negative correlations

VV	- 0.99	SH
SH	- 0.99	DJUN
SH	- 0.99	DJUL
SH	- 0.96	DJAN
SH	- 0.96	MBCC
DJAN	- 0.63	DIHP

IQ Large Constituents Risk-Adjusted Indicators

There is a big difference between LRND Etf performing well and IQ Large 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 IQ Large'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
DHDG	0.28	0.04	(0.11)	0.28	0.26	(0.29)	0.53	(0.68)	2.01
MBCC	0.53	0.00	(0.05)	0.12	0.59	(0.54)	1.12	(1.07)	3.36
DIHP	0.62	(0.17)	0.00	(0.24)	0.00	0.00	1.01	(1.53)	3.83
DJAN	0.17	0.00	(0.26)	0.14	0.18	(0.19)	0.42	(0.34)	1.25
MDLV	0.41	0.00	(0.15)	0.12	0.41	(0.44)	0.79	(0.80)	2.04
DJUL	0.29	0.00	(0.14)	0.12	0.32	(0.32)	0.60	(0.65)	2.11
DJUN	0.29	0.01	(0.13)	0.14	0.31	(0.31)	0.64	(0.67)	2.00
SH	0.54	0.01	0.00	0.11	0.00	0.00	1.37	(1.13)	4.64
VV	0.56	0.00	(0.01)	0.13	0.70	(0.57)	1.19	(1.27)	3.79

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