IShares Global Correlations
| IOO Etf | USD 87.09 0.12 0.14% |
The correlation of IShares Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Global 100 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.
Modest diversification
The correlation between iShares Global 100 and NYA is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global 100 and NYA in the same portfolio, assuming nothing else is changed.
IShares |
The ability to find closely correlated positions to IShares Global 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 Global 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 Global - 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 Global 100 to buy it.
Moving together with IShares Etf
| 0.92 | VT | Vanguard Total World Sell-off Trend | PairCorr |
| 0.93 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.69 | ACWV | iShares MSCI Global | PairCorr |
| 0.92 | URTH | iShares MSCI World | PairCorr |
| 0.89 | CRBN | iShares MSCI ACWI | PairCorr |
| 0.82 | GLOV | Goldman Sachs ActiveBeta | PairCorr |
| 0.93 | KOKU | Xtrackers MSCI Kokusai | PairCorr |
| 0.92 | SPGM | SPDR Portfolio MSCI | PairCorr |
| 0.91 | VTI | Vanguard Total Stock | PairCorr |
| 0.96 | SPY | SPDR SP 500 | PairCorr |
| 0.93 | IVV | iShares Core SP | PairCorr |
| 0.94 | VTV | Vanguard Value Index | PairCorr |
| 0.8 | VUG | Vanguard Growth Index | PairCorr |
| 0.91 | VO | Vanguard Mid Cap | PairCorr |
| 0.9 | VEA | Vanguard FTSE Developed Sell-off Trend | PairCorr |
| 0.85 | VB | Vanguard Small Cap | PairCorr |
| 0.86 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
Moving against IShares Etf
| 0.62 | BA | Boeing Financial Report 24th of July 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 Global Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CATH | 0.60 | (0.02) | (0.02) | 0.03 | 0.70 | 1.08 | 3.46 | |||
| AQUI | 0.60 | 0.29 | 0.00 | 5.08 | 0.00 | 0.00 | 20.00 | |||
| MSTSX | 0.47 | 0.01 | 0.00 | 0.06 | 0.61 | 1.03 | 3.20 | |||
| ABHYX | 0.16 | 0.00 | (0.12) | 0.05 | 0.20 | 0.45 | 1.61 | |||
| LBHIX | 0.20 | (0.03) | 0.00 | (0.06) | 0.00 | 0.49 | 1.21 | |||
| VIASP | 1.32 | 0.13 | 0.06 | 0.17 | 1.83 | 3.19 | 13.41 | |||
| RRTLX | 0.26 | 0.02 | (0.08) | 2.17 | 0.25 | 0.52 | 1.46 | |||
| OGEAX | 0.62 | (0.01) | (0.01) | 0.04 | 0.69 | 1.12 | 3.56 | |||
| OSHDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KNF | 1.24 | 0.18 | 0.12 | 0.17 | 1.38 | 3.19 | 7.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IShares Global 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 Global 100?
The danger of trading iShares Global 100 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 Global 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 Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares Global 100 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 Global 100 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Global's 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 Ishares Global 100 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Global 100 Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Global 100. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of iShares Global 100 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 Global's value that differs from its market value or its book value, called intrinsic value, which is IShares Global'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 Global's market value can be influenced by many factors that don't directly affect IShares Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Global'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.