IPath Bloomberg Correlations

DJP Etf

USD 46.39 1.98 4.46%

The current 90-days correlation between iPath Bloomberg Commodity and Gotham Enhanced 500 is 0.03 (i.e., Significant diversification).For portfolio construction purposes, IPath Bloomberg's correlation structure determines how much it contributes to or reduces overall portfolio volatility relative to other positions.

Market Correlation View for IPath Bloomberg

Good diversification

Across the chosen horizon, DJP and DJI show a correlation of -0.07 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with IPath Etf

Investing Opportunities provides context for diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This reflects a position in iPath Bloomberg Commodity inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IPath Etf

0.99	PDBC	Invesco Optimum Yield	Pair Corr
0.99	FTGC	First Trust Global	Pair Corr
0.99	DBC	Invesco DB Commodity	Pair Corr
0.97	COMT	iShares GSCI Commodity	Pair Corr
0.96	GSG	iShares SP GSCI	Pair Corr
1.0	BCI	abrdn Bloomberg All	Pair Corr
1.0	COMB	GraniteShares Bloomberg	Pair Corr
0.91	GCC	WisdomTree Continuous	Pair Corr
0.65	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.73	VTV	Vanguard Value Index	Pair Corr
0.65	VO	Vanguard Mid Cap	Pair Corr
0.72	VEA	Vanguard FTSE Developed	Pair Corr
0.61	VWO	Vanguard FTSE Emerging	Pair Corr
0.83	PPA	Invesco Aerospace Defense	Pair Corr
0.68	IWN	iShares Russell 2000	Pair Corr
0.7	VXUS	Vanguard Total Inter	Pair Corr
0.71	SCHF	Schwab International	Pair Corr
0.78	ITA	iShares Aerospace Defense	Pair Corr
0.73	RLTY	Cohen Steers Real	Pair Corr
0.77	BOTT	Themes Robotics Auto	Pair Corr

Moving against IPath Etf

0.66	VUG	Vanguard Growth Index	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.39	MSFT	Microsoft Aggressive Push	Pair Corr
0.32	HPQ	HP Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.03	-0.15	-0.02	0.05	-0.18	-0.06	-0.01	-0.01	0.14	META
MSFT	-0.03		0.84	-0.3	-0.89	0.84	0.95	0.49	-0.92	-0.95	MSFT
UBER	-0.15	0.84		-0.41	-0.79	0.86	0.79	0.32	-0.82	-0.83	UBER
F	-0.02	-0.3	-0.41		0.04	-0.13	-0.23	0.11	0.4	0.3	F
T	0.05	-0.89	-0.79	0.04		-0.83	-0.85	-0.43	0.8	0.84	T
A	-0.18	0.84	0.86	-0.13	-0.83		0.79	0.56	-0.76	-0.86	A
CRM	-0.06	0.95	0.79	-0.23	-0.85	0.79		0.59	-0.87	-0.95	CRM
JPM	-0.01	0.49	0.32	0.11	-0.43	0.56	0.59		-0.32	-0.53	JPM
MRK	-0.01	-0.92	-0.82	0.4	0.8	-0.76	-0.87	-0.32		0.92	MRK
XOM	0.14	-0.95	-0.83	0.3	0.84	-0.86	-0.95	-0.53	0.92		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

CRM	+ 0.95	MSFT
XOM	+ 0.92	MRK
A	+ 0.86	UBER
UBER	+ 0.84	MSFT
A	+ 0.84	MSFT
XOM	+ 0.84	T

High negative correlations

XOM	- 0.95	CRM
XOM	- 0.95	MSFT
MRK	- 0.92	MSFT
T	- 0.89	MSFT
MRK	- 0.87	CRM
XOM	- 0.86	A

IPath Bloomberg Competition Risk-Adjusted Indicators

There is a big difference between IPath Etf performing well and IPath Bloomberg 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 IPath Bloomberg'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	1.43	-0.02	0.00	-0.06	0.00	0.00	2.30	-2.81	13.69
MSFT	1.32	-0.25	0.00	-0.84	0.00	0.00	2.19	-2.87	13.28
UBER	1.53	-0.20	0.00	-0.46	0.00	0.00	2.70	-3.82	11.09
F	1.39	-0.10	0.00	0.23	0.00	0.00	3.61	-2.64	10.01
T	1.07	0.18	0.15	-0.73	0.94	-1.28	3.87	-1.76	7.44
A	1.25	-0.40	0.00	-0.40	0.00	0.00	2.48	-2.73	7.20
CRM	1.81	-0.19	0.00	-0.23	0.00	0.00	4.03	-4.75	12.37
JPM	1.25	-0.09	0.00	-0.06	0.00	0.00	2.34	-3.11	8.17
MRK	1.22	0.21	0.14	0.44	1.32	-1.29	2.54	-2.06	7.29
XOM	1.33	0.41	0.28	3.38	1.12	-1.57	2.90	-2.44	6.83

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