IShares Correlations

IBMM Etf

USD 26.05 0.01 0.04%

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

IShares Correlation With Market

Significant diversification

The correlation between IShares and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IShares 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. 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

0.68	IBMN	iShares iBonds Dec	Pair Corr
0.61	FNGU	MicroSectors FANG Index Buyout Trend	Pair Corr
0.61	FNGO	MicroSectors FANG Index	Pair Corr
0.75	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.62	FNGS	MicroSectors FANG ETN	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.72	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.67	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against IShares Etf

0.35	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.69	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.62	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.57	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.5	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.48	GE	GE Aerospace Sell-off Trend	Pair Corr
0.46	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.49	-0.38	-0.3	0.5	0.27	0.65	0.42	-0.38	-0.13	META
MSFT	0.49		-0.54	-0.16	0.38	0.15	0.34	0.19	0.06	-0.76	MSFT
UBER	-0.38	-0.54		0.16	-0.72	0.1	-0.65	-0.5	0.44	0.51	UBER
F	-0.3	-0.16	0.16		0.14	-0.46	0.18	0.45	-0.27	0.38	F
T	0.5	0.38	-0.72	0.14		-0.3	0.88	0.85	-0.72	-0.24	T
A	0.27	0.15	0.1	-0.46	-0.3		-0.27	-0.47	0.58	-0.09	A
CRM	0.65	0.34	-0.65	0.18	0.88	-0.27		0.91	-0.83	-0.08	CRM
JPM	0.42	0.19	-0.5	0.45	0.85	-0.47	0.91		-0.87	0.03	JPM
MRK	-0.38	0.06	0.44	-0.27	-0.72	0.58	-0.83	-0.87		-0.18	MRK
XOM	-0.13	-0.76	0.51	0.38	-0.24	-0.09	-0.08	0.03	-0.18		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	+ 0.91	CRM
CRM	+ 0.88	T
JPM	+ 0.85	T
CRM	+ 0.65	META
MRK	+ 0.58	A
XOM	+ 0.51	UBER

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.83	CRM
XOM	- 0.76	MSFT
MRK	- 0.72	T
T	- 0.72	UBER
CRM	- 0.65	UBER

IShares Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 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' 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	1.15	0.23	0.13	0.57	1.26	(1.31)	3.22	(1.87)	8.02
MSFT	0.84	0.03	0.00	0.13	1.45	(0.79)	1.83	(1.57)	8.14
UBER	1.75	(0.34)	0.00	(0.22)	0.00	0.00	2.67	(5.35)	20.41
F	1.41	(0.18)	0.00	(0.05)	0.00	0.00	2.53	(2.90)	11.21
T	1.02	0.09	0.02	1.05	1.18	(1.10)	2.36	(1.99)	6.74
A	1.22	(0.02)	(0.04)	0.03	1.47	(1.32)	2.71	(2.41)	9.02
CRM	1.48	0.43	0.30	0.38	1.05	(1.72)	3.59	(1.93)	13.87
JPM	1.00	0.12	0.16	0.14	0.90	(1.19)	1.73	(1.42)	15.87
MRK	0.96	(0.22)	0.00	(0.95)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.92	(0.05)	0.00	(0.09)	0.00	0.00	1.83	(2.14)	6.06

IShares Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IShares etf to make a market-neutral strategy. Peer analysis of IShares could also be used in its relative valuation, which is a method of valuing IShares by comparing valuation metrics with similar companies.

IShares iShares iBonds Dec iShares iBonds Dec iShares Trust iShares iBonds Dec American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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