AIM ETF Correlations

Etfs . USA . 
Etf . AIM ETF Products
SIXO Etf  USD 32.63  0.10  0.31%   
The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.92 (i.e., Almost no 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

Poor diversification

The correlation between AIM ETF Products and DJI is 0.74 (i.e., Poor 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

  1.0BUFR First Trust CboePairCorr
  0.99BUFD FT Cboe VestPairCorr
  0.99PSEP Innovator SP 500PairCorr
  0.99PJAN Innovator SP 500PairCorr
  1.0PJUL Innovator SP 500PairCorr
  1.0PAUG Innovator Equity PowerPairCorr
  0.95DNOV FT Cboe VestPairCorr
  1.0PMAY Innovator SP 500PairCorr
  1.0PJUN Innovator SP 500PairCorr
  0.97FNGU MicroSectors FANG IndexPairCorr
  0.85USD ProShares Ultra SemiPairCorr
  0.97FNGO MicroSectors FANG IndexPairCorr
  0.82GBTC Grayscale Bitcoin TrustPairCorr
  0.91TECL Direxion Daily TechnologyPairCorr
  0.97FNGS MicroSectors FANG ETNPairCorr
  0.93ROM ProShares Ultra TechPairCorr
  0.97QLD ProShares Ultra QQQPairCorr
  0.75SMH VanEck Semiconductor ETFPairCorr
  0.79DIS Walt Disney Aggressive PushPairCorr
  0.87CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.68XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.79TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.96CSCO Cisco Systems Aggressive PushPairCorr
  0.74JPM JPMorgan Chase Sell-off TrendPairCorr
  0.86HPQ HP IncPairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.82HD Home DepotPairCorr
  0.94AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against AIM Etf

  0.83MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.61PFE Pfizer Inc Aggressive PushPairCorr
  0.41PG Procter GamblePairCorr

Related Correlations Analysis

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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.

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