IQ Hedge Correlations

QAI Etf

USD 31.65 0.08 0.25%

The current 90-days correlation between IQ Hedge Multi and IQ Merger Arbitrage is 0.39 (i.e., Weak diversification). The correlation of IQ Hedge 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 Hedge Correlation With Market

Good diversification

The correlation between IQ Hedge Multi Strategy and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Hedge Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in IQ Hedge Multi Strategy. 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 QAI Etf

0.94	HFND	Tidal ETF Trust	Pair Corr
0.77	UPRO	ProShares UltraPro SP500	Pair Corr
0.84	QTJA	Innovator ETFs Trust	Pair Corr
0.8	QTOC	Innovator ETFs Trust	Pair Corr
0.86	XTOC	Innovator ETFs Trust	Pair Corr
0.9	QTAP	Innovator Growth 100 Low Volatility	Pair Corr
0.84	XTJA	Innovator ETFs Trust	Pair Corr
0.84	XTAP	Innovator Equity Acc	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.73	BA	Boeing	Pair Corr
0.65	AXP	American Express	Pair Corr
0.8	JPM	JPMorgan Chase	Pair Corr

Moving against QAI Etf

0.33

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	MNA	HDG	CPI	GRES	FTLS
MNA		-0.12	0.0	0.0	-0.68	MNA
HDG	-0.12		0.0	0.0	0.73	HDG
CPI	0.0	0.0		0.0	0.0	CPI
GRES	0.0	0.0	0.0		0.0	GRES
FTLS	-0.68	0.73	0.0	0.0		FTLS
	MNA	HDG	CPI	GRES	FTLS

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

FTLS	+ 0.73	HDG
CPI	+ 0.0	MNA
GRES	+ 0.0	MNA
CPI	+ 0.0	HDG
GRES	+ 0.0	HDG
GRES	+ 0.0	CPI

High negative correlations

FTLS	- 0.68	MNA
HDG	- 0.12	MNA
FTLS	- 0.0	GRES
FTLS	- 0.0	CPI
GRES	- 0.0	CPI
GRES	- 0.0	HDG

IQ Hedge Constituents Risk-Adjusted Indicators

There is a big difference between QAI Etf performing well and IQ Hedge 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 Hedge'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
MNA	0.19	0.05	0.34	(2.33)	0.00	(0.24)	0.39	(0.36)	1.22
HDG	0.23	0.00	0.11	0.03	0.29	(0.24)	0.44	(0.48)	1.41
CPI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRES	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTLS	0.52	(0.07)	0.00	2.41	0.00	0.00	1.14	(1.35)	3.21

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