IPath Series Correlations
| VXX Etf | USD 13.57 0.14 1.02% |
The correlation of IPath Series 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 IPath Series moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iPath Series B 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.
Good diversification
The correlation between iPath Series B and NYA is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iPath Series B and NYA in the same portfolio, assuming nothing else is changed.
IPath |
The ability to find closely correlated positions to IPath Series could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IPath Series 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 IPath Series - 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 iPath Series B to buy it.
Moving together with IPath Etf
Moving against IPath Etf
| 0.77 | CEFD | ETRACS Monthly Pay | PairCorr |
| 0.68 | BULZ | MicroSectors Solactive | PairCorr |
| 0.59 | FNGU | MicroSectors FANG Index | PairCorr |
| 0.59 | USD | ProShares Ultra Semi | PairCorr |
| 0.56 | FNGG | Direxion Daily Select Potential Growth | PairCorr |
| 0.56 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.54 | BITS | Global X Blockchain | PairCorr |
| 0.5 | BITO | ProShares Bitcoin Aggressive Push | PairCorr |
| 0.7 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
IPath Series Constituents Risk-Adjusted Indicators
There is a big difference between IPath Etf performing well and IPath Series 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 Series' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XDAP | 0.22 | (0.06) | 0.00 | (0.07) | 0.00 | 0.61 | 2.28 | |||
| XTAP | 0.19 | (0.05) | 0.00 | (0.08) | 0.00 | 0.52 | 2.12 | |||
| QTAP | 0.26 | (0.07) | 0.00 | (0.12) | 0.00 | 1.03 | 3.24 | |||
| XBAP | 0.15 | (0.03) | 0.00 | (0.07) | 0.00 | 0.39 | 1.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IPath Series 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?
Run Money Flow Index Now
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
Already Invested in iPath Series B?
The danger of trading iPath Series B 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 IPath Series 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 IPath Series. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iPath Series B 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 iPath Series B offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IPath Series' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ipath Series B Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ipath Series B Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iPath Series B. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of iPath Series B is measured differently than its book value, which is the value of IPath that is recorded on the company's balance sheet. Investors also form their own opinion of IPath Series' value that differs from its market value or its book value, called intrinsic value, which is IPath Series' 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 IPath Series' market value can be influenced by many factors that don't directly affect IPath Series' 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 IPath Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if IPath Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IPath Series' 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.