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

  0.93VUG Vanguard Growth IndexPairCorr
  0.93IWF iShares Russell 1000PairCorr
  0.93IVW iShares SP 500PairCorr
  0.93SPYG SPDR Portfolio SPPairCorr
  0.93IUSG iShares Core SPPairCorr
  0.93VONG Vanguard Russell 1000PairCorr
  0.93MGK Vanguard Mega CapPairCorr
  0.93VRGWX Vanguard Russell 1000PairCorr
  0.93QQQM Invesco NASDAQ 100PairCorr
  0.92IWY iShares Russell TopPairCorr
  0.93UPRO ProShares UltraPro SP500PairCorr
  0.86QTJA Innovator ETFs TrustPairCorr
  0.91QTOC Innovator ETFs TrustPairCorr
  0.88XTOC Innovator ETFs TrustPairCorr
  0.64QTAP Innovator Growth 100 Low VolatilityPairCorr
  0.83XTJA Innovator ETFs TrustPairCorr
  0.82BAC Bank of America Aggressive PushPairCorr
  0.86AXP American ExpressPairCorr
  0.84DIS Walt DisneyPairCorr
  0.7MSFT MicrosoftPairCorr
  0.84HD Home DepotPairCorr

Moving against IWLG Etf

  0.57VZ Verizon CommunicationsPairCorr
  0.54JNJ Johnson JohnsonPairCorr
  0.48KO Coca ColaPairCorr
  0.42T ATT Inc Earnings Call This WeekPairCorr
  0.34XOM Exxon Mobil Corp Aggressive PushPairCorr

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   
DISVDIHP
DJULDHDG
DISVMCHS
DJULDJAN
MBCCDHDG
MDLVDIHP
  
High negative correlations   
MCHSMCDS
DJANMCHS
DISVMCDS
DJANDISV
DJULMCHS
DJULDISV

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.