IShares JP Correlations

LEMB Etf

USD 40.22 0.06 0.15%

The current 90-days correlation between iShares JP Morgan and SPDR Bloomberg Emerging is -0.34 (i.e., Very good 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

Significant diversification

The correlation between iShares JP Morgan and DJI is 0.04 (i.e., Significant 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.

Build AI portfolio with IShares Etf

Check out Correlation Analysis 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

0.98	FEMB	First Trust Emerging	Pair Corr
0.87	CBON	VanEck China Bond	Pair Corr
0.95	CEW	WisdomTree Emerging	Pair Corr
0.93	SHLD	Global X Funds	Pair Corr
0.81	LUX	Tema ETF Trust	Pair Corr
0.94	SWP	SWP Growth Income	Pair Corr
0.95	DUKH	Ocean Park High	Pair Corr
0.91	WINN	Harbor Long Term	Pair Corr
0.9	EDIV	SPDR SP Emerging	Pair Corr
0.92	PSFF	Pacer Funds Trust	Pair Corr
0.69	REMX	VanEck Rare EarthStr	Pair Corr
0.82	DRLL	EA Series Trust	Pair Corr
0.66	LIAE	Stone Ridge 2050	Pair Corr
0.9	NBGX	Neuberger Berman ETF	Pair Corr
0.89	IGF	iShares Global Infra	Pair Corr
0.81	VCLT	Vanguard Long Term	Pair Corr
0.92	VTWO	Vanguard Russell 2000	Pair Corr
0.91	SPRX	Spear Alpha ETF	Pair Corr
0.92	FLQL	Franklin LibertyQ Equity	Pair Corr
0.93	DRAI	Draco Evolution AI	Pair Corr
0.9	AIVL	WisdomTree Trust	Pair Corr
0.91	MBCC	Northern Lights	Pair Corr
0.94	DWCR	Arrow DWA Tactical	Pair Corr
0.91	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.91	FLCG	Federated Hermes ETF	Pair Corr
0.78	PCRB	Putnam ETF Trust	Pair Corr
0.83	XTWO	Bondbloxx ETF Trust	Pair Corr
0.9	IVAL	Alpha Architect Inte	Pair Corr
0.83	IPO	Renaissance IPO ETF	Pair Corr
0.9	LRNZ	Elevation Series Trust	Pair Corr
0.81	MCSE	Martin Currie Sustainable	Pair Corr
0.88	VBK	Vanguard Small Cap	Pair Corr
0.97	SHV	iShares Short Treasury	Pair Corr
0.82	VDE	Vanguard Energy Index	Pair Corr
0.91	WDSSF	WisdomTree Issuer ICAV	Pair Corr

Moving against IShares Etf

0.86	FNGD	MicroSectors FANG Index	Pair Corr
0.64	HUM	Humana Inc	Pair Corr
0.43	SMI	Van Eck	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.08	CRM

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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

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