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.
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

  0.98FEMB First Trust EmergingPairCorr
  0.87CBON VanEck China BondPairCorr
  0.95CEW WisdomTree EmergingPairCorr
  0.93SHLD Global X FundsPairCorr
  0.81LUX Tema ETF TrustPairCorr
  0.94SWP SWP Growth IncomePairCorr
  0.95DUKH Ocean Park HighPairCorr
  0.91WINN Harbor Long TermPairCorr
  0.9EDIV SPDR SP EmergingPairCorr
  0.92PSFF Pacer Funds TrustPairCorr
  0.69REMX VanEck Rare EarthStrPairCorr
  0.82DRLL EA Series TrustPairCorr
  0.66LIAE Stone Ridge 2050PairCorr
  0.9NBGX Neuberger Berman ETFPairCorr
  0.89IGF iShares Global InfraPairCorr
  0.81VCLT Vanguard Long TermPairCorr
  0.92VTWO Vanguard Russell 2000PairCorr
  0.91SPRX Spear Alpha ETFPairCorr
  0.92FLQL Franklin LibertyQ EquityPairCorr
  0.93DRAI Draco Evolution AIPairCorr
  0.9AIVL WisdomTree TrustPairCorr
  0.91MBCC Northern LightsPairCorr
  0.94DWCR Arrow DWA TacticalPairCorr
  0.91JEPI JPMorgan Equity Premium Sell-off TrendPairCorr
  0.91FLCG Federated Hermes ETFPairCorr
  0.78PCRB Putnam ETF TrustPairCorr
  0.83XTWO Bondbloxx ETF TrustPairCorr
  0.9IVAL Alpha Architect IntePairCorr
  0.83IPO Renaissance IPO ETFPairCorr
  0.9LRNZ Elevation Series TrustPairCorr
  0.81MCSE Martin Currie SustainablePairCorr
  0.88VBK Vanguard Small CapPairCorr
  0.97SHV iShares Short TreasuryPairCorr
  0.82VDE Vanguard Energy IndexPairCorr
  0.91WDSSF WisdomTree Issuer ICAVPairCorr

Moving against IShares Etf

  0.86FNGD MicroSectors FANG IndexPairCorr
  0.64HUM Humana IncPairCorr
  0.43SMI Van EckPairCorr

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   
MSFTMETA
JPMMSFT
JPMMETA
AMETA
JPMF
FUBER
  
High negative correlations   
MRKCRM
XOMCRM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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