AIM ETF Correlations

JANT Etf

USD 35.37 0.01 0.03%

The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.93 (i.e., Almost no diversification). The correlation of AIM ETF 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.

AIM ETF Correlation With Market

Good diversification

The correlation between AIM ETF Products and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIM ETF Products 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 AIM ETF Products. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with AIM Etf

0.9	BUFR	First Trust Cboe	Pair Corr
0.97	BUFD	FT Cboe Vest	Pair Corr
0.95	PSEP	Innovator SP 500	Pair Corr
1.0	PJAN	Innovator SP 500	Pair Corr
0.9	PJUL	Innovator SP 500	Pair Corr
0.96	PAUG	Innovator Equity Power	Pair Corr
0.93	DNOV	FT Cboe Vest	Pair Corr
0.85	PMAY	Innovator SP 500	Pair Corr
0.97	PJUN	Innovator SP 500	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.79	BAC	Bank of America Sell-off Trend	Pair Corr
0.83	AXP	American Express Sell-off Trend	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.72	BA	Boeing	Pair Corr

Moving against AIM Etf

0.48	TRV	The Travelers Companies	Pair Corr
0.42	MRK	Merck Company	Pair Corr
0.32	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	JULW	JANW	APRT	JULT	SIXJ
JULW		0.94	0.99	0.91	0.86	JULW
JANW	0.94		0.9	0.84	0.92	JANW
APRT	0.99	0.9		0.92	0.83	APRT
JULT	0.91	0.84	0.92		0.91	JULT
SIXJ	0.86	0.92	0.83	0.91		SIXJ
	JULW	JANW	APRT	JULT	SIXJ

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AIM ETF Constituents Risk-Adjusted Indicators

There is a big difference between AIM Etf performing well and AIM ETF 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 AIM ETF'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
JULW	0.34	(0.05)	0.40	0.64	(0.85)	2.40
JANW	0.27	(0.02)	0.29	0.57	(0.68)	2.15
APRT	0.60	(0.09)	0.48	1.05	(1.56)	3.97
JULT	0.53	(0.02)	(0.11)	0.92	(1.28)	3.39
SIXJ	0.35	0.01	(0.05)	0.63	(0.91)	2.37

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