IShares Regional Correlations

Etfs . USA . 
Etf . iShares Regional Banks
IAT Etf  USD 47.61  1.04  2.23%   
The current 90-days correlation between iShares Regional Banks and iShares Broker Dealers Securities is 0.77 (i.e., Poor diversification). The correlation of IShares Regional 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Regional Correlation With Market

Good diversification

The correlation between iShares Regional Banks and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Regional Banks and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Regional Banks. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

  0.66XLF Financial Select Sector Aggressive PushPairCorr
  0.79VFH Vanguard Financials IndexPairCorr
  0.97KRE SPDR SP Regional Aggressive PushPairCorr
  0.96KBE SPDR SP BankPairCorr
  0.76IYF iShares Financials ETFPairCorr
  0.79FNCL Fidelity MSCI FinancialsPairCorr
  0.81IYG iShares FinancialPairCorr
  0.93FXO First Trust FinancialsPairCorr
  0.87CPST Calamos ETF TrustPairCorr
  0.89AXP American ExpressPairCorr
  0.65CAT CaterpillarPairCorr
  0.66WMT WalmartPairCorr
  0.77JPM JPMorgan ChasePairCorr
  0.68HPQ HP IncPairCorr

Moving against IShares Etf

  0.84BITI ProShares Trust Downward RallyPairCorr
  0.63EUFN iShares MSCI EuropePairCorr
  0.59SPAQ Horizon Kinetics SPACPairCorr
  0.55PULS PGIM Ultra Short Sell-off TrendPairCorr
  0.49JNJ Johnson Johnson Sell-off TrendPairCorr
  0.45GDXU MicroSectors Gold MinersPairCorr
  0.6TRV The Travelers CompaniesPairCorr

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   
IYF
+ 0.99
IYG
IYG
+ 0.98
IAI
IYF
+ 0.95
IAI
IEZ
+ 0.71
IAI
IEZ
+ 0.63
IYG
IEZ
+ 0.59
IYF
  
High negative correlations   
IEZ
- 0.61
IAK
IAK
- 0.27
IAI
IYG
- 0.09
IAK

IShares Regional Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Regional 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 Regional'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.

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