IShares V Correlations

ISRCF Etf

USD 40.60 1.36 3.24%

The correlation of IShares V 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 V Correlation With Market

Weak diversification

The correlation between iShares V Public and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares V Public and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares V Public. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with IShares Pink Sheet

0.92	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.67	BND	Vanguard Total Bond	Pair Corr
0.75	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.95	VUG	Vanguard Growth Index	Pair Corr
0.85	VEA	Vanguard FTSE Developed	Pair Corr
0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.9	ITDD	iShares Trust	Pair Corr
0.81	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.9	IBM	International Business	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr

Moving against IShares Pink Sheet

0.79	VZ	Verizon Communications	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.36	VIXY	ProShares VIX Short	Pair Corr
0.83	T	ATT Inc	Pair Corr
0.73	PG	Procter Gamble	Pair Corr
0.58	MCD	McDonalds	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.46	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.44	0.58	-0.72	0.62	-0.73	0.37	-0.06	-0.7	-0.58	META
MSFT	0.44		0.7	0.01	-0.22	0.05	0.55	0.34	-0.29	-0.09	MSFT
UBER	0.58	0.7		-0.31	0.13	-0.44	0.41	0.5	-0.59	-0.23	UBER
F	-0.72	0.01	-0.31		-0.69	0.79	-0.01	0.17	0.61	0.65	F
T	0.62	-0.22	0.13	-0.69		-0.81	-0.07	-0.19	-0.57	-0.5	T
A	-0.73	0.05	-0.44	0.79	-0.81		-0.08	-0.02	0.71	0.43	A
CRM	0.37	0.55	0.41	-0.01	-0.07	-0.08		0.01	-0.41	-0.22	CRM
JPM	-0.06	0.34	0.5	0.17	-0.19	-0.02	0.01		-0.21	0.32	JPM
MRK	-0.7	-0.29	-0.59	0.61	-0.57	0.71	-0.41	-0.21		0.56	MRK
XOM	-0.58	-0.09	-0.23	0.65	-0.5	0.43	-0.22	0.32	0.56		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

A	+ 0.79	F
MRK	+ 0.71	A
UBER	+ 0.7	MSFT
XOM	+ 0.65	F
T	+ 0.62	META
MRK	+ 0.61	F

High negative correlations

A	- 0.81	T
A	- 0.73	META
F	- 0.72	META
MRK	- 0.7	META
T	- 0.69	F
MRK	- 0.59	UBER

IShares V Competition Risk-Adjusted Indicators

There is a big difference between IShares Pink Sheet performing well and IShares V Company 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 V'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	1.28	(0.33)	0.00	(0.42)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.86	(0.10)	0.00	(0.12)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.46	(0.23)	0.00	(0.21)	0.00	0.00	3.34	(3.30)	10.91
F	1.49	0.15	0.08	0.12	1.70	(1.72)	3.38	(2.35)	16.30
T	0.99	(0.17)	0.00	(0.42)	0.00	0.00	1.84	(2.32)	6.25
A	1.27	0.40	0.28	0.36	0.99	(1.44)	3.93	(2.15)	11.03
CRM	1.62	(0.12)	0.00	(0.09)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.87	(0.01)	0.00	0.01	1.32	(0.80)	1.67	(1.91)	5.76
MRK	1.31	0.22	0.16	0.40	1.13	(1.71)	3.84	(2.36)	11.45
XOM	0.92	0.07	0.04	0.38	1.11	(0.87)	1.77	(1.93)	4.63

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