IQ Winslow Correlations

IWLG Etf

USD 44.25 0.02 0.05%

The current 90-days correlation between IQ Winslow Large and FT Vest Equity is -0.13 (i.e., Good diversification). The correlation of IQ Winslow 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.

IQ Winslow Correlation With Market

Good diversification

The correlation between IQ Winslow Large and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Winslow Large 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 IQ Winslow Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IWLG Etf

0.93	VUG	Vanguard Growth Index	Pair Corr
0.93	IWF	iShares Russell 1000	Pair Corr
0.93	IVW	iShares SP 500	Pair Corr
0.93	SPYG	SPDR Portfolio SP	Pair Corr
0.93	IUSG	iShares Core SP	Pair Corr
0.93	VONG	Vanguard Russell 1000	Pair Corr
0.93	MGK	Vanguard Mega Cap	Pair Corr
0.93	VRGWX	Vanguard Russell 1000	Pair Corr
0.93	QQQM	Invesco NASDAQ 100	Pair Corr
0.92	IWY	iShares Russell Top	Pair Corr
0.93	UPRO	ProShares UltraPro SP500	Pair Corr
0.86	QTJA	Innovator ETFs Trust	Pair Corr
0.91	QTOC	Innovator ETFs Trust	Pair Corr
0.88	XTOC	Innovator ETFs Trust	Pair Corr
0.64	QTAP	Innovator Growth 100 Low Volatility	Pair Corr
0.83	XTJA	Innovator ETFs Trust	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.86	AXP	American Express	Pair Corr
0.84	DIS	Walt Disney	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.84	HD	Home Depot	Pair Corr

Moving against IWLG Etf

0.57	VZ	Verizon Communications	Pair Corr
0.54	JNJ	Johnson Johnson	Pair Corr
0.48	KO	Coca Cola	Pair Corr
0.42	T	ATT Inc Earnings Call This Week	Pair Corr
0.34	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	MCHS	DISV	DJAN	MDLV	DJUL
DHDG		0.94	0.02	0.87	-0.24	-0.19	0.83	0.08	0.95	DHDG
MBCC	0.94		0.22	0.74	-0.07	-0.01	0.77	0.29	0.89	MBCC
DIHP	0.02	0.22		-0.37	0.91	0.96	-0.28	0.94	-0.16	DIHP
MCDS	0.87	0.74	-0.37		-0.61	-0.54	0.9	-0.29	0.93	MCDS
MCHS	-0.24	-0.07	0.91	-0.61		0.95	-0.54	0.86	-0.43	MCHS
DISV	-0.19	-0.01	0.96	-0.54	0.95		-0.48	0.88	-0.38	DISV
DJAN	0.83	0.77	-0.28	0.9	-0.54	-0.48		-0.2	0.95	DJAN
MDLV	0.08	0.29	0.94	-0.29	0.86	0.88	-0.2		-0.08	MDLV
DJUL	0.95	0.89	-0.16	0.93	-0.43	-0.38	0.95	-0.08		DJUL
	DHDG	MBCC	DIHP	MCDS	MCHS	DISV	DJAN	MDLV	DJUL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DISV	+ 0.96	DIHP
DJUL	+ 0.95	DHDG
DISV	+ 0.95	MCHS
DJUL	+ 0.95	DJAN
MBCC	+ 0.94	DHDG
MDLV	+ 0.94	DIHP

High negative correlations

MCHS	- 0.61	MCDS
DJAN	- 0.54	MCHS
DISV	- 0.54	MCDS
DJAN	- 0.48	DISV
DJUL	- 0.43	MCHS
DJUL	- 0.38	DISV

IQ Winslow Constituents Risk-Adjusted Indicators

There is a big difference between IWLG Etf performing well and IQ Winslow 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 IQ Winslow'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
DHDG	0.43	(0.02)	0.00	(0.12)	0.00	0.00	0.87	(0.94)	2.86
MBCC	0.77	(0.03)	0.00	(0.11)	0.00	0.00	1.34	(2.25)	4.26
DIHP	0.59	0.11	0.18	0.15	0.69	(0.63)	1.30	(1.21)	3.71
MCDS	0.79	(0.07)	0.00	(0.15)	0.00	0.00	1.28	(2.08)	4.01
MCHS	1.14	0.18	0.19	0.84	1.07	(1.27)	2.90	(1.70)	5.93
DISV	0.65	0.18	0.22	0.23	0.68	(0.66)	1.54	(1.20)	5.30
DJAN	0.29	(0.02)	0.00	(0.13)	0.00	0.00	0.61	(0.77)	2.02
MDLV	0.56	0.08	0.13	0.11	0.82	(0.52)	1.08	(1.52)	3.33
DJUL	0.45	(0.02)	0.00	(0.12)	0.00	0.00	0.80	(1.08)	2.99

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC