IShares JP Correlations

CEMB Etf

USD 45.40 0.03 0.07%

The current 90-days correlation between iShares JP Morgan and iShares JP Morgan is -0.03 (i.e., Good diversification). The correlation of IShares JP 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 JP Correlation With Market

Very weak diversification

The correlation between iShares JP Morgan and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares JP Morgan and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares JP Morgan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with IShares Etf

0.97	EMB	iShares JP Morgan	Pair Corr
0.95	PCY	Invesco Emerging Markets	Pair Corr
0.97	HYEM	VanEck Emerging Markets	Pair Corr
0.97	EMHY	iShares JP Morgan	Pair Corr
0.97	XEMD	Bondbloxx ETF Trust	Pair Corr
0.99	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.96	EMBD	Global X Emerging	Pair Corr
0.99	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.99	JPMB	JPMorgan USD Emerging	Pair Corr
0.94	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.81	BND	Vanguard Total Bond	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.93	VUG	Vanguard Growth Index	Pair Corr
0.93	VO	Vanguard Mid Cap	Pair Corr
0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.9	VB	Vanguard Small Cap	Pair Corr
0.93	VWO	Vanguard FTSE Emerging	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.8	MMM	3M Company	Pair Corr
0.84	BA	Boeing Earnings Call This Week	Pair Corr
0.94	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.92	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.9	PFE	Pfizer Inc	Pair Corr
0.91	IBM	International Business Earnings Call Today	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.89	AXP	American Express	Pair Corr
0.87	DIS	Walt Disney	Pair Corr

Moving against IShares Etf

0.78	MCD	McDonalds	Pair Corr
0.55	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.52	KO	Coca Cola	Pair Corr
0.39	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.83	0.8	0.55	0.92	0.22	0.93	0.22	0.52	META
MSFT	0.98		0.86	0.84	0.5	0.86	0.22	0.96	0.27	0.51	MSFT
UBER	0.83	0.86		0.89	0.4	0.79	0.49	0.87	0.23	0.46	UBER
F	0.8	0.84	0.89		0.39	0.81	0.21	0.9	0.41	0.69	F
T	0.55	0.5	0.4	0.39		0.56	0.15	0.48	0.17	0.2	T
A	0.92	0.86	0.79	0.81	0.56		0.19	0.86	0.29	0.64	A
CRM	0.22	0.22	0.49	0.21	0.15	0.19		0.15	-0.28	-0.17	CRM
JPM	0.93	0.96	0.87	0.9	0.48	0.86	0.15		0.32	0.6	JPM
MRK	0.22	0.27	0.23	0.41	0.17	0.29	-0.28	0.32		0.51	MRK
XOM	0.52	0.51	0.46	0.69	0.2	0.64	-0.17	0.6	0.51		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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.9	F
F	+ 0.89	UBER

High negative correlations

MRK	- 0.28	CRM
XOM	- 0.17	CRM

IShares JP Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares JP 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 JP'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	1.47	0.31	0.27	0.41	0.82	(1.80)	3.99	(2.00)	10.48
MSFT	0.86	0.33	0.38	0.59	0.00	(1.06)	2.33	(1.03)	8.85
UBER	1.61	0.18	0.12	0.34	1.40	(2.02)	4.19	(2.54)	10.87
F	1.30	0.17	0.08	0.40	1.40	(1.42)	2.69	(2.33)	7.46
T	1.00	(0.02)	(0.10)	0.10	1.30	(1.05)	2.35	(2.35)	5.71
A	1.50	(0.07)	0.02	0.12	1.79	(1.57)	2.58	(2.89)	14.01
CRM	1.30	(0.15)	(0.04)	0.06	1.69	(1.29)	2.95	(3.19)	9.31
JPM	0.87	0.22	0.18	0.42	0.58	(0.99)	2.25	(1.31)	6.03
MRK	1.38	0.11	(0.06)	(0.10)	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.12	0.04	(0.06)	0.32	1.38	(1.11)	2.40	(2.58)	6.28

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