IShares High Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares High Yield moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

The ability to find closely correlated positions to IShares High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares High when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares High - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares High Yield to buy it.

Moving together with IShares Etf

0.92	NHYB	NBI High Yield	Pair Corr
0.73	ZJK	BMO High Yield	Pair Corr
0.97	ZHY	BMO High Yield	Pair Corr
0.91	CVD	iShares Convertible Bond	Pair Corr
0.95	DXO	Dynamic Active Crossover	Pair Corr
0.67	HOU	BetaPro Crude Oil	Pair Corr
0.84	FHE	First Trust Indxx	Pair Corr
0.89	HBLK	Blockchain Technologies	Pair Corr
0.83	EBNK-B	Evolve European Banks	Pair Corr
0.68	XIN	iShares MSCI EAFE	Pair Corr

Moving against IShares Etf

0.92	HIU	BetaPro SP 500	Pair Corr
0.9	HQD	BetaPro NASDAQ 100	Pair Corr
0.88	HXD	BetaPro SPTSX 60	Pair Corr
0.79	HED	BetaPro SPTSX Capped	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.61	0.46	0.73	0.31	0.89	-0.28	0.9	0.11	0.5	META
MSFT	0.61		0.84	0.42	0.51	0.46	-0.19	0.45	0.23	0.5	MSFT
UBER	0.46	0.84		0.51	0.41	0.4	0.2	0.37	0.18	0.44	UBER
F	0.73	0.42	0.51		0.15	0.75	-0.15	0.87	0.34	0.63	F
T	0.31	0.51	0.41	0.15		0.39	-0.12	0.13	0.35	0.27	T
A	0.89	0.46	0.4	0.75	0.39		-0.23	0.81	0.28	0.61	A
CRM	-0.28	-0.19	0.2	-0.15	-0.12	-0.23		-0.29	-0.51	-0.35	CRM
JPM	0.9	0.45	0.37	0.87	0.13	0.81	-0.29		0.2	0.51	JPM
MRK	0.11	0.23	0.18	0.34	0.35	0.28	-0.51	0.2		0.54	MRK
XOM	0.5	0.5	0.44	0.63	0.27	0.61	-0.35	0.51	0.54		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	+ 0.9	META
A	+ 0.89	META
JPM	+ 0.87	F
UBER	+ 0.84	MSFT
JPM	+ 0.81	A
A	+ 0.75	F

High negative correlations

MRK	- 0.51	CRM
XOM	- 0.35	CRM
JPM	- 0.29	CRM
CRM	- 0.28	META
CRM	- 0.23	A
CRM	- 0.19	MSFT

IShares High Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares High 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 High'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	1.36	0.30	0.23	0.54	0.71	(1.66)	3.62	(1.93)	10.48
MSFT	0.84	0.33	0.36	0.63	0.00	(1.04)	2.33	(1.03)	8.85
UBER	1.60	0.05	0.05	0.25	1.44	(1.99)	4.19	(2.54)	10.87
F	1.26	0.10	0.01	0.37	1.42	(1.34)	2.63	(2.33)	7.46
T	1.00	(0.02)	(0.12)	0.14	1.30	(1.05)	2.35	(2.35)	5.71
A	1.50	(0.10)	(0.01)	0.14	1.81	(1.55)	2.82	(2.89)	14.01
CRM	1.14	(0.17)	(0.12)	0.02	1.55	(1.07)	2.13	(2.57)	8.50
JPM	0.82	0.18	0.10	0.47	0.61	(0.92)	1.86	(1.31)	5.90
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
XOM	1.10	(0.01)	(0.10)	0.16	1.39	(1.07)	2.18	(2.58)	6.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares High without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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