IShares 0 Correlations
| STIP Etf | USD 99.31 0.10 0.10% |
The correlation of IShares 0 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares 0 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares 0 5 Year moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between iShares 0 5 Year and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 0 5 Year and NYA in the same portfolio, assuming nothing else is changed.
IShares |
The ability to find closely correlated positions to IShares 0 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares 0 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares 0 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares 0 5 Year to buy it.
Moving together with IShares Etf
| 0.79 | TDTT | FlexShares iBoxx 3 | PairCorr |
| 0.88 | STPZ | PIMCO 1 5 | PairCorr |
| 0.75 | SHLD | Global X Funds | PairCorr |
| 0.71 | KNG | FT Cboe Vest | PairCorr |
| 0.73 | FDVV | Fidelity High Dividend | PairCorr |
| 0.65 | DGRO | iShares Core Dividend | PairCorr |
Moving against IShares Etf
| 0.63 | IVOL | Quadratic Interest Rate | PairCorr |
| 0.6 | HUM | Humana Inc Financial Report 7th of August 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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IShares 0 Competition Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares 0 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 0'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 | 1.76 | 0.32 | 0.20 | 0.32 | 1.45 | 3.27 | 24.74 | |||
| MSFT | 0.94 | (0.03) | (0.03) | 0.05 | 1.08 | 2.11 | 5.31 | |||
| UBER | 1.65 | (0.02) | 0.03 | 0.07 | 1.65 | 2.83 | 18.39 | |||
| F | 1.61 | 0.10 | 0.10 | 0.12 | 1.67 | 4.88 | 9.61 | |||
| T | 0.96 | (0.01) | (0.05) | 0.06 | 1.18 | 2.18 | 5.92 | |||
| A | 1.22 | (0.06) | (0.01) | 0.04 | 1.39 | 2.29 | 6.31 | |||
| CRM | 1.22 | (0.13) | 0.00 | (0.01) | 0.00 | 2.83 | 10.84 | |||
| JPM | 0.82 | 0.10 | 0.08 | 0.16 | 1.28 | 1.94 | 8.65 | |||
| MRK | 0.65 | 0.03 | 0.03 | 0.12 | 0.64 | 1.18 | 6.92 | |||
| XOM | 0.79 | 0.35 | 0.31 | (5.06) | 0.45 | 1.96 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IShares 0 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in iShares 0 5 Year?
The danger of trading iShares 0 5 Year is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IShares 0 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IShares 0. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares 0 5 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether iShares 0 5 is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ishares 0 5 Year Etf. Highlighted below are key reports to facilitate an investment decision about Ishares 0 5 Year Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares 0 5 Year. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of iShares 0 5 is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares 0's value that differs from its market value or its book value, called intrinsic value, which is IShares 0's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares 0's market value can be influenced by many factors that don't directly affect IShares 0's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares 0's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares 0 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares 0's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.