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.
Moving together with IShares Etf
0.98 | FEMB | First Trust Emerging | PairCorr |
0.87 | CBON | VanEck China Bond | PairCorr |
0.95 | CEW | WisdomTree Emerging | PairCorr |
0.93 | SHLD | Global X Funds | PairCorr |
0.81 | LUX | Tema ETF Trust | PairCorr |
0.94 | SWP | SWP Growth Income | PairCorr |
0.95 | DUKH | Ocean Park High | PairCorr |
0.91 | WINN | Harbor Long Term | PairCorr |
0.9 | EDIV | SPDR SP Emerging | PairCorr |
0.92 | PSFF | Pacer Funds Trust | PairCorr |
0.69 | REMX | VanEck Rare EarthStr | PairCorr |
0.82 | DRLL | EA Series Trust | PairCorr |
0.66 | LIAE | Stone Ridge 2050 | PairCorr |
0.9 | NBGX | Neuberger Berman ETF | PairCorr |
0.89 | IGF | iShares Global Infra | PairCorr |
0.81 | VCLT | Vanguard Long Term | PairCorr |
0.92 | VTWO | Vanguard Russell 2000 | PairCorr |
0.91 | SPRX | Spear Alpha ETF | PairCorr |
0.92 | FLQL | Franklin LibertyQ Equity | PairCorr |
0.93 | DRAI | Draco Evolution AI | PairCorr |
0.9 | AIVL | WisdomTree Trust | PairCorr |
0.91 | MBCC | Northern Lights | PairCorr |
0.94 | DWCR | Arrow DWA Tactical | PairCorr |
0.91 | JEPI | JPMorgan Equity Premium Sell-off Trend | PairCorr |
0.91 | FLCG | Federated Hermes ETF | PairCorr |
0.78 | PCRB | Putnam ETF Trust | PairCorr |
0.83 | XTWO | Bondbloxx ETF Trust | PairCorr |
0.9 | IVAL | Alpha Architect Inte | PairCorr |
0.83 | IPO | Renaissance IPO ETF | PairCorr |
0.9 | LRNZ | Elevation Series Trust | PairCorr |
0.81 | MCSE | Martin Currie Sustainable | PairCorr |
0.88 | VBK | Vanguard Small Cap | PairCorr |
0.97 | SHV | iShares Short Treasury | PairCorr |
0.82 | VDE | Vanguard Energy Index | PairCorr |
0.91 | WDSSF | WisdomTree Issuer ICAV | PairCorr |
Moving against IShares Etf
Related Correlations Analysis
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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
| High negative correlations
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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 | 3.99 | 10.48 | |||
MSFT | 0.90 | 0.30 | 0.27 | 0.47 | 0.54 | 2.33 | 8.85 | |||
UBER | 1.64 | 0.20 | 0.13 | 0.33 | 1.40 | 4.19 | 10.87 | |||
F | 1.32 | 0.14 | 0.06 | 0.32 | 1.47 | 2.69 | 7.46 | |||
T | 1.02 | (0.05) | (0.10) | 0.00 | 1.35 | 2.35 | 5.71 | |||
A | 1.46 | (0.07) | 0.00 | 0.09 | 1.81 | 2.54 | 14.01 | |||
CRM | 1.33 | (0.13) | (0.04) | 0.04 | 1.74 | 2.95 | 9.31 | |||
JPM | 0.90 | 0.22 | 0.18 | 0.38 | 0.67 | 2.25 | 6.03 | |||
MRK | 1.39 | (0.09) | (0.05) | 0.04 | 1.96 | 2.88 | 10.58 | |||
XOM | 1.08 | 0.14 | 0.00 | (9.00) | 1.19 | 2.40 | 5.84 |