IShares Focused Correlations

FOVL Etf

USD 69.89 1.02 1.48%

The current 90-days correlation between iShares Focused Value and Roundhill Acquirers Deep is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Focused moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Focused Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Focused Correlation With Market

Good diversification

The correlation between iShares Focused Value and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Focused Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares Focused Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with IShares Etf

0.85	VOE	Vanguard Mid Cap	Pair Corr
0.81	IWS	iShares Russell Mid	Pair Corr
0.78	COWZ	Pacer Cash Cows	Pair Corr
0.78	DON	WisdomTree MidCap	Pair Corr
0.69	PEY	Invesco High Yield	Pair Corr
0.83	PKW	Invesco BuyBack Achievers	Pair Corr
0.84	ONEY	SPDR Russell 1000	Pair Corr
0.73	UPRO	ProShares UltraPro SP500	Pair Corr
0.78	QTJA	Innovator ETFs Trust Low Volatility	Pair Corr
0.76	QTOC	Innovator ETFs Trust Low Volatility	Pair Corr
0.83	XTOC	Innovator ETFs Trust	Pair Corr
0.75	QTAP	Innovator Growth 100 Low Volatility	Pair Corr
0.84	XTJA	Innovator ETFs Trust	Pair Corr
0.68	XTAP	Innovator Equity Acc	Pair Corr
0.83	WMT	Walmart	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	DEEP	DYNF	SMLF	IEDI	STLG
DEEP		0.79	0.9	0.69	0.0	DEEP
DYNF	0.79		0.94	0.89	0.0	DYNF
SMLF	0.9	0.94		0.81	0.0	SMLF
IEDI	0.69	0.89	0.81		0.0	IEDI
STLG	0.0	0.0	0.0	0.0		STLG
	DEEP	DYNF	SMLF	IEDI	STLG

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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

SMLF	+ 0.94	DYNF
SMLF	+ 0.9	DEEP
IEDI	+ 0.89	DYNF
IEDI	+ 0.81	SMLF
DYNF	+ 0.79	DEEP
IEDI	+ 0.69	DEEP

High negative correlations

STLG	- 0.0	IEDI
STLG	- 0.0	SMLF
STLG	- 0.0	DYNF
STLG	- 0.0	DEEP

IShares Focused Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Focused 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 Focused'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DEEP	0.87	(0.20)	2.23	1.39	(2.00)	4.76
DYNF	0.86	(0.05)	(0.09)	1.69	(1.83)	4.92
SMLF	1.05	(0.11)	(0.13)	1.72	(2.45)	5.06
IEDI	0.81	(0.17)	1.71	1.49	(2.11)	4.06
STLG	0.00	0.00	0.00	0.00	0.00	0.00

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