AIM ETF Correlations

SIXJ Etf

USD 30.94 0.04 0.13%

The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.88 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AIM ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AIM ETF Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AIM ETF Correlation With Market

Good diversification

The correlation between AIM ETF Products and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIM ETF Products and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AIM ETF Products. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with AIM Etf

0.87	BUFR	First Trust Cboe	Pair Corr
0.91	BUFD	FT Cboe Vest	Pair Corr
0.83	PSEP	Innovator SP 500	Pair Corr
0.95	PJAN	Innovator SP 500	Pair Corr
0.88	PJUL	Innovator SP 500	Pair Corr
0.85	PAUG	Innovator Equity Power	Pair Corr
0.75	DNOV	FT Cboe Vest	Pair Corr
0.94	PMAY	Innovator SP 500	Pair Corr
0.9	PJUN	Innovator SP 500	Pair Corr
0.89	DSJA	DSJA	Pair Corr
0.86	RSPY	Tuttle Capital Management	Pair Corr
0.83	MEME	Roundhill Investments	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.77	MMM	3M Company	Pair Corr
0.67	IBM	International Business Tech Boost	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.72	BA	Boeing	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr

Moving against AIM Etf

0.69	HPQ	HP Inc	Pair Corr
0.68	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.55	KO	Coca Cola Earnings Call This Week	Pair Corr
0.43	MRK	Merck Company Earnings Call This Week	Pair Corr
0.35	MCD	McDonalds Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SIXO	XDEC	VDNI	XDJA	XTJA
SIXO		0.8	0.64	0.73	0.79	SIXO
XDEC	0.8		0.89	0.82	0.97	XDEC
VDNI	0.64	0.89		0.89	0.84	VDNI
XDJA	0.73	0.82	0.89		0.76	XDJA
XTJA	0.79	0.97	0.84	0.76		XTJA
	SIXO	XDEC	VDNI	XDJA	XTJA

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AIM ETF Constituents Risk-Adjusted Indicators

There is a big difference between AIM Etf performing well and AIM ETF 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 AIM ETF'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
SIXO	0.31	0.04	(0.05)	(17.60)	0.41	(0.31)	0.71	(0.83)	2.66
XDEC	0.15	0.03	(0.13)	(21.12)	0.00	(0.17)	0.42	(0.35)	1.36
VDNI	0.60	0.12	0.11	0.66	0.38	(0.70)	1.48	(0.84)	3.02
XDJA	0.08	0.03	(0.22)	2.28	0.00	(0.11)	0.25	(0.18)	0.67
XTJA	0.21	0.05	(0.04)	(1.33)	0.20	(0.24)	0.64	(0.36)	2.54

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