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

  0.92BUFR First Trust Cboe Sell-off TrendPairCorr
  0.93BUFD FT Cboe VestPairCorr
  0.93PSEP Innovator SP 500PairCorr
  0.99PJAN Innovator SP 500PairCorr
  0.92PJUL Innovator SP 500PairCorr
  0.93PAUG Innovator Equity PowerPairCorr
  0.89DNOV FT Cboe VestPairCorr
  0.96PMAY Innovator SP 500PairCorr
  0.95PJUN Innovator SP 500PairCorr
  0.8BAC Bank of America Aggressive PushPairCorr
  0.83AXP American ExpressPairCorr
  0.74BA BoeingPairCorr

Moving against AIM Etf

  0.45WTID UBS ETRACSPairCorr
  0.36TRV The Travelers CompaniesPairCorr
  0.5MRK Merck CompanyPairCorr

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   
XTJAXDEC
XTJASIXO
XDECSIXO
VDNISIXO
XDJASIXO
VDNIXDEC
  
High negative correlations   
XTJAXDJA
XTJAVDNI
XDJAVDNI
XDJAXDEC
VDNIXDEC
XDJASIXO

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.