IShares Aaa Correlations

QLTA Etf

USD 47.56 0.07 0.15%

The current 90-days correlation between iShares Aaa and VanEck Vectors Moodys is 0.97 (i.e., Almost no diversification). The correlation of IShares Aaa 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.

IShares Aaa Correlation With Market

Modest diversification

The correlation between iShares Aaa and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Aaa 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 iShares Aaa . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with IShares Etf

1.0	LQD	iShares iBoxx Investment Sell-off Trend	Pair Corr
0.99	IGIB	iShares 5 10 Sell-off Trend	Pair Corr
1.0	USIG	iShares Broad USD	Pair Corr
0.97	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
1.0	SUSC	iShares ESG USD	Pair Corr
1.0	CORP	PIMCO Investment Grade	Pair Corr
1.0	FLCO	Franklin Liberty Inv	Pair Corr
1.0	GIGB	Goldman Sachs Access	Pair Corr
1.0	VTC	Vanguard Total Corporate	Pair Corr
0.81	BABX	GraniteShares 175x Long	Pair Corr
0.82	XPP	ProShares Ultra FTSE Downward Rally	Pair Corr
0.68	GDXU	MicroSectors Gold Miners	Pair Corr
0.68	JNUG	Direxion Daily Junior	Pair Corr
0.73	SHNY	Microsectors Gold	Pair Corr
0.82	PG	Procter Gamble	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.7	IBM	International Business	Pair Corr
0.89	VZ	Verizon Communications	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr

Moving against IShares Etf

0.41	BAC	Bank of America Aggressive Push	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.53	CAT	Caterpillar	Pair Corr
0.46	AXP	American Express	Pair Corr
0.45	MRK	Merck Company	Pair Corr
0.44	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.1	0.63	-0.5	0.38	0.38	0.2	0.89	-0.76	0.09	META
MSFT	-0.1		-0.64	0.23	-0.78	0.66	0.89	0.04	0.47	-0.4	MSFT
UBER	0.63	-0.64		-0.45	0.79	-0.23	-0.55	0.57	-0.86	0.48	UBER
F	-0.5	0.23	-0.45		-0.14	0.06	0.06	-0.39	0.59	0.26	F
T	0.38	-0.78	0.79	-0.14		-0.55	-0.69	0.22	-0.67	0.52	T
A	0.38	0.66	-0.23	0.06	-0.55		0.76	0.6	0.12	-0.18	A
CRM	0.2	0.89	-0.55	0.06	-0.69	0.76		0.27	0.28	-0.46	CRM
JPM	0.89	0.04	0.57	-0.39	0.22	0.6	0.27		-0.65	0.12	JPM
MRK	-0.76	0.47	-0.86	0.59	-0.67	0.12	0.28	-0.65		-0.31	MRK
XOM	0.09	-0.4	0.48	0.26	0.52	-0.18	-0.46	0.12	-0.31		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	+ 0.89	META
CRM	+ 0.89	MSFT
T	+ 0.79	UBER
CRM	+ 0.76	A
A	+ 0.66	MSFT
UBER	+ 0.63	META

High negative correlations

MRK	- 0.86	UBER
T	- 0.78	MSFT
MRK	- 0.76	META
CRM	- 0.69	T
MRK	- 0.67	T
MRK	- 0.65	JPM

IShares Aaa Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Aaa 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 Aaa'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
META	1.59	(0.03)	0.00	(0.11)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.11	(0.16)	0.00	(0.31)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.87	0.33	0.15	0.56	2.19	(2.00)	4.72	(3.13)	12.75
F	1.44	0.10	0.04	0.02	2.20	(1.39)	2.71	(2.89)	10.14
T	1.05	0.27	0.17	0.41	1.61	(1.12)	1.90	(1.75)	11.66
A	1.14	(0.14)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.27)	0.00	(0.32)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.11	0.06	0.00	(0.02)	0.00	0.00	1.99	(3.35)	6.85
MRK	1.16	(0.07)	0.00	0.80	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.09	0.09	0.13	1.38	(1.10)	2.55	(2.36)	5.89

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