AIM ETF Correlations

SIXJ Etf

USD 30.10 0.05 0.17%

The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AIM ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AIM ETF Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AIM ETF Correlation With Market

Poor diversification

The correlation between AIM ETF Products and DJI is 0.74 (i.e., Poor 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 World Market Map 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 interest.

Moving together with AIM Etf

0.92	BUFR	First Trust Cboe Sell-off Trend	Pair Corr
0.93	BUFD	FT Cboe Vest	Pair Corr
0.93	PSEP	Innovator SP 500	Pair Corr
0.99	PJAN	Innovator SP 500	Pair Corr
0.92	PJUL	Innovator SP 500	Pair Corr
0.93	PAUG	Innovator Equity Power	Pair Corr
0.89	DNOV	FT Cboe Vest	Pair Corr
0.96	PMAY	Innovator SP 500	Pair Corr
0.95	PJUN	Innovator SP 500	Pair Corr
0.8	BAC	Bank of America Aggressive Push	Pair Corr
0.83	AXP	American Express	Pair Corr
0.74	BA	Boeing	Pair Corr

Moving against AIM Etf

0.45	WTID	UBS ETRACS	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr
0.5	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	SIXO	XDEC	VDNI	XDJA	XTJA
SIXO		0.95	0.0	0.0	0.96	SIXO
XDEC	0.95		0.0	0.0	0.99	XDEC
VDNI	0.0	0.0		0.0	0.0	VDNI
XDJA	0.0	0.0	0.0		0.0	XDJA
XTJA	0.96	0.99	0.0	0.0		XTJA
	SIXO	XDEC	VDNI	XDJA	XTJA

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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

XTJA	+ 0.99	XDEC
XTJA	+ 0.96	SIXO
XDEC	+ 0.95	SIXO
VDNI	+ 0.0	SIXO
XDJA	+ 0.0	SIXO
VDNI	+ 0.0	XDEC

High negative correlations

XTJA	- 0.0	XDJA
XTJA	- 0.0	VDNI
XDJA	- 0.0	VDNI
XDJA	- 0.0	XDEC
VDNI	- 0.0	XDEC
XDJA	- 0.0	SIXO

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
SIXO	0.40	(0.03)	(0.15)	0.65	(0.99)	2.42
XDEC	0.34	0.01	(0.06)	0.73	(0.82)	2.44
VDNI	0.00	0.00	0.00	0.00	0.00	0.00
XDJA	0.00	0.00	0.00	0.00	0.00	0.00
XTJA	0.54	0.01	(0.06)	1.04	(1.46)	4.03

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