IQ Large Correlations

LRND Etf

USD 40.67 0.10 0.25%

The current 90-days correlation between IQ Large Cap and IQ Global Equity is 0.96 (i.e., Almost no 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 0.65 (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.

Build AI portfolio with LRND Etf

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 employment.

Moving together with LRND Etf

0.91	VTI	Vanguard Total Stock	Pair Corr
0.93	SPY	SPDR SP 500	Pair Corr
0.93	IVV	iShares Core SP	Pair Corr
0.71	VIG	Vanguard Dividend	Pair Corr
0.94	VV	Vanguard Large Cap	Pair Corr
0.91	IWB	iShares Russell 1000	Pair Corr
0.94	ESGU	iShares ESG Aware	Pair Corr
0.79	DFAC	Dimensional Core Equity	Pair Corr
0.78	USD	ProShares Ultra Semi	Pair Corr
0.69	TECL	Direxion Daily Technology	Pair Corr
0.76	ROM	ProShares Ultra Tech	Pair Corr
0.93	QLD	ProShares Ultra QQQ	Pair Corr
0.89	SMH	VanEck Semiconductor ETF	Pair Corr
0.94	SPXL	Direxion Daily SP500	Pair Corr
0.94	UPRO	ProShares UltraPro SP500	Pair Corr
0.86	SOXX	iShares Semiconductor ETF	Pair Corr
0.81	PSI	Invesco Dynamic Semi	Pair Corr
0.74	IBM	International Business	Pair Corr
0.68	INTC	Intel Aggressive Push	Pair Corr
0.61	AXP	American Express	Pair Corr

Moving against LRND Etf

0.37

Procter Gamble

Pair Corr

Related Correlations Analysis

	WRND	BGRO	MKAM	HAUS	WAR	EBIT	BUYZ	INDE	ERET	JHDV
WRND		0.84	0.79	-0.05	0.59	0.46	0.34	0.09	0.23	0.85	WRND
BGRO	0.84		0.44	-0.41	0.67	0.18	0.72	-0.01	0.27	0.68	BGRO
MKAM	0.79	0.44		0.47	0.47	0.72	-0.07	0.01	0.21	0.85	MKAM
HAUS	-0.05	-0.41	0.47		-0.19	0.48	-0.62	0.09	0.32	0.18	HAUS
WAR	0.59	0.67	0.47	-0.19		0.59	0.72	-0.43	0.23	0.76	WAR
EBIT	0.46	0.18	0.72	0.48	0.59		0.08	-0.37	0.28	0.77	EBIT
BUYZ	0.34	0.72	-0.07	-0.62	0.72	0.08		-0.31	0.33	0.36	BUYZ
INDE	0.09	-0.01	0.01	0.09	-0.43	-0.37	-0.31		0.2	-0.19	INDE
ERET	0.23	0.27	0.21	0.32	0.23	0.28	0.33	0.2		0.37	ERET
JHDV	0.85	0.68	0.85	0.18	0.76	0.77	0.36	-0.19	0.37		JHDV
	WRND	BGRO	MKAM	HAUS	WAR	EBIT	BUYZ	INDE	ERET	JHDV

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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

JHDV	+ 0.85	WRND
JHDV	+ 0.85	MKAM
BGRO	+ 0.84	WRND
MKAM	+ 0.79	WRND
JHDV	+ 0.77	EBIT
JHDV	+ 0.76	WAR

High negative correlations

BUYZ	- 0.62	HAUS
INDE	- 0.43	WAR
HAUS	- 0.41	BGRO
INDE	- 0.37	EBIT
INDE	- 0.31	BUYZ
JHDV	- 0.19	INDE

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
WRND	0.77	(0.01)	0.00	0.05	1.13	(0.69)	1.57	(1.88)	4.38
BGRO	0.86	(0.08)	0.00	(0.02)	0.00	0.00	1.89	(2.22)	5.38
MKAM	0.33	(0.01)	(0.06)	0.04	0.48	(0.33)	0.80	(0.80)	2.21
HAUS	0.57	0.00	(0.05)	0.05	0.75	(0.57)	1.41	(1.03)	3.22
WAR	1.19	(0.06)	(0.02)	0.01	1.54	(1.29)	1.94	(2.71)	6.43
EBIT	0.79	(0.05)	(0.04)	0.01	0.98	(0.93)	1.89	(1.64)	4.12
BUYZ	1.01	(0.23)	0.00	(0.12)	0.00	0.00	1.72	(2.96)	5.20
INDE	0.63	0.05	0.00	0.43	0.78	(0.64)	1.28	(1.41)	3.85
ERET	0.45	(0.04)	0.00	(0.03)	0.00	0.00	0.90	(0.99)	2.81
JHDV	0.55	(0.03)	(0.04)	0.02	0.88	(0.49)	0.99	(1.28)	3.45

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