IShares JP Correlations

EMB Etf

USD 91.14 0.12 0.13%

The current 90-days correlation between iShares JP Morgan and iShares iBoxx Investment is 0.85 (i.e., Very poor diversification). The correlation of IShares JP 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.

IShares JP Correlation With Market

Poor diversification

The correlation between iShares JP Morgan and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares JP Morgan and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares JP Morgan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with IShares Etf

0.93	PCY	Invesco Emerging Markets	Pair Corr
0.97	HYEM	VanEck Emerging Markets	Pair Corr
0.98	EMHY	iShares JP Morgan	Pair Corr
0.98	CEMB	iShares JP Morgan	Pair Corr
0.95	XEMD	Bondbloxx ETF Trust	Pair Corr
1.0	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.89	EMBD	Global X Emerging	Pair Corr
0.93	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.98	JPMB	JPMorgan USD Emerging	Pair Corr
0.71	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.85	USD	ProShares Ultra Semi	Pair Corr
0.9	TECL	Direxion Daily Technology	Pair Corr
0.89	ROM	ProShares Ultra Tech	Pair Corr
0.89	QLD	ProShares Ultra QQQ	Pair Corr
0.88	SMH	VanEck Semiconductor ETF	Pair Corr
0.9	SOXX	iShares Semiconductor ETF	Pair Corr
0.91	UPRO	ProShares UltraPro SP500	Pair Corr
0.91	SPXL	Direxion Daily SP500	Pair Corr
0.83	MAKX	ProShares SP Kensho	Pair Corr
0.87	CPSL	Calamos Laddered	Pair Corr
0.83	UIVM	VictoryShares International	Pair Corr
0.76	MSFU	Direxion Daily MSFT	Pair Corr
0.79	ETHU	Volatility Shares Trust	Pair Corr
0.88	FTC	First Trust Large	Pair Corr
0.92	FLAX	Franklin FTSE Asia	Pair Corr
0.83	CPSD	Calamos ETF Trust	Pair Corr
0.71	HODL	VanEck Bitcoin Trust	Pair Corr
0.83	KORU	Direxion Daily South	Pair Corr
0.84	RPHS	Regents Park Hedged	Pair Corr
0.83	EFAS	Global X MSCI	Pair Corr
0.86	FDND	FT Vest Dow	Pair Corr
0.96	USHY	iShares Broad USD	Pair Corr
0.89	SOXY	Tidal Trust II	Pair Corr
0.88	TECHX	Wisdomtree Digital Trust	Pair Corr
0.81	TOPT	iShares Trust	Pair Corr

Moving against IShares Etf

0.71

UTRN

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.92	0.75	0.82	0.48	0.69	0.51	0.91	-0.18	0.15	META
MSFT	0.92		0.89	0.84	0.53	0.41	0.43	0.94	-0.46	-0.13	MSFT
UBER	0.75	0.89		0.89	0.45	0.3	0.62	0.9	-0.5	-0.16	UBER
F	0.82	0.84	0.89		0.5	0.59	0.7	0.9	-0.2	0.2	F
T	0.48	0.53	0.45	0.5		0.3	0.15	0.57	-0.13	0.16	T
A	0.69	0.41	0.3	0.59	0.3		0.58	0.52	0.51	0.7	A
CRM	0.51	0.43	0.62	0.7	0.15	0.58		0.54	0.14	0.29	CRM
JPM	0.91	0.94	0.9	0.9	0.57	0.52	0.54		-0.36	0.08	JPM
MRK	-0.18	-0.46	-0.5	-0.2	-0.13	0.51	0.14	-0.36		0.7	MRK
XOM	0.15	-0.13	-0.16	0.2	0.16	0.7	0.29	0.08	0.7		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.94	MSFT
MSFT	+ 0.92	META
JPM	+ 0.91	META
JPM	+ 0.9	UBER
JPM	+ 0.9	F
UBER	+ 0.89	MSFT

High negative correlations

MRK	- 0.5	UBER
MRK	- 0.46	MSFT
MRK	- 0.36	JPM
MRK	- 0.2	F
MRK	- 0.18	META
XOM	- 0.16	UBER

IShares JP Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares JP 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 IShares JP'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
META	2.08	0.24	0.09	0.18	2.46	(2.36)	4.23	(4.29)	21.50
MSFT	1.22	0.32	0.20	0.35	1.15	(1.34)	2.40	(2.36)	13.79
UBER	1.88	0.23	0.10	0.20	2.29	(2.04)	4.19	(3.48)	16.18
F	1.71	0.11	0.04	0.14	2.24	(1.75)	2.90	(3.84)	13.07
T	1.14	0.08	0.03	0.29	1.79	(1.14)	2.01	(2.62)	8.83
A	1.77	(0.10)	0.00	(0.06)	0.00	0.00	2.76	(4.15)	14.45
CRM	1.59	(0.11)	0.00	(0.07)	0.00	0.00	3.01	(3.64)	13.13
JPM	1.32	0.23	0.10	0.23	1.95	(1.38)	2.75	(2.12)	11.14
MRK	1.62	(0.26)	0.00	(0.35)	0.00	0.00	2.55	(4.72)	10.58
XOM	1.29	0.02	0.00	0.05	2.27	(1.20)	2.62	(2.77)	10.53

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