AIM ETF Correlations

Etfs . USA . 
Etf . AIM ETF Products
SIXJ Etf  USD 30.78  0.21  0.69%   
The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.9 (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

Very weak diversification

The correlation between AIM ETF Products and DJI is 0.57 (i.e., Very weak 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

  0.7INOV Innovator ETFs TrustPairCorr
  0.86BUFR First Trust CboePairCorr
  0.88BUFD FT Cboe VestPairCorr
  0.83PSEP Innovator SP 500PairCorr
  0.99PJAN Innovator SP 500PairCorr
  0.82PJUL Innovator SP 500PairCorr
  0.85PAUG Innovator Equity PowerPairCorr
  0.7DNOV FT Cboe VestPairCorr
  0.96PMAY Innovator SP 500PairCorr
  0.92PJUN Innovator SP 500PairCorr
  0.67VEA Vanguard FTSE DevelopedPairCorr
  0.71RXI iShares Global ConsumerPairCorr
  0.61T ATT Inc Aggressive PushPairCorr
  0.68AXP American ExpressPairCorr
  0.9JPM JPMorgan ChasePairCorr
  0.84GE GE AerospacePairCorr
  0.9MMM 3M CompanyPairCorr
  0.83CSCO Cisco SystemsPairCorr
  0.73WMT Walmart Aggressive PushPairCorr

Moving against AIM Etf

  0.76MRK Merck Company Aggressive PushPairCorr
  0.64AA Alcoa CorpPairCorr
  0.39MSFT MicrosoftPairCorr
  0.35TRV The Travelers CompaniesPairCorr
  0.35CAT CaterpillarPairCorr
  0.33PG Procter GamblePairCorr

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   
XTJA
+ 0.98
XDEC
XTJA
+ 0.86
SIXO
XDEC
+ 0.84
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.

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