AllianzIM Large Correlations

The current 90-days correlation between AllianzIM Large Cap and AIM ETF Products is -0.02 (i.e., Good diversification). The correlation of AllianzIM Large 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AllianzIM Large Correlation With Market

Poor diversification

The correlation between AllianzIM Large Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AllianzIM Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with AllianzIM Etf

1.0	BUFR	First Trust Cboe	Pair Corr
0.99	BUFD	FT Cboe Vest	Pair Corr
1.0	PSEP	Innovator SP 500	Pair Corr
0.99	PJAN	Innovator SP 500	Pair Corr
1.0	PJUL	Innovator SP 500	Pair Corr
1.0	PAUG	Innovator Equity Power	Pair Corr
0.95	DNOV	FT Cboe Vest	Pair Corr
1.0	PMAY	Innovator SP 500	Pair Corr
1.0	PJUN	Innovator SP 500	Pair Corr
0.75	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.84	ITDD	iShares Trust	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.74	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.61	HD	Home Depot Sell-off Trend	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr

Moving against AllianzIM Etf

0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	KO	Coca Cola Sell-off Trend	Pair Corr
0.6	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.27	0.55	0.01	0.55	0.04	0.45	0.28	-0.53	0.72	META
MSFT	0.27		0.22	0.13	0.18	-0.01	-0.07	-0.12	0.12	-0.19	MSFT
UBER	0.55	0.22		-0.06	-0.06	0.27	-0.07	-0.14	0.08	0.35	UBER
F	0.01	0.13	-0.06		0.14	-0.38	0.52	0.67	-0.31	0.3	F
T	0.55	0.18	-0.06	0.14		-0.5	0.49	0.6	-0.78	0.38	T
A	0.04	-0.01	0.27	-0.38	-0.5		-0.39	-0.62	0.64	-0.01	A
CRM	0.45	-0.07	-0.07	0.52	0.49	-0.39		0.82	-0.77	0.61	CRM
JPM	0.28	-0.12	-0.14	0.67	0.6	-0.62	0.82		-0.83	0.48	JPM
MRK	-0.53	0.12	0.08	-0.31	-0.78	0.64	-0.77	-0.83		-0.56	MRK
XOM	0.72	-0.19	0.35	0.3	0.38	-0.01	0.61	0.48	-0.56		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

JPM	+ 0.82	CRM
XOM	+ 0.72	META
JPM	+ 0.67	F
MRK	+ 0.64	A
XOM	+ 0.61	CRM
JPM	+ 0.6	T

High negative correlations

MRK	- 0.83	JPM
MRK	- 0.78	T
MRK	- 0.77	CRM
JPM	- 0.62	A
XOM	- 0.56	MRK
MRK	- 0.53	META

AllianzIM Large Competition Risk-Adjusted Indicators

There is a big difference between AllianzIM Etf performing well and AllianzIM Large 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 AllianzIM Large'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	1.06	0.06	0.02	0.20	1.40	(1.15)	2.62	(3.15)	8.02
MSFT	0.92	(0.05)	(0.05)	0.05	1.49	(0.89)	2.09	(1.85)	8.19
UBER	1.62	(0.12)	(0.05)	0.00	2.30	(1.74)	2.69	(2.53)	20.10
F	1.46	(0.15)	(0.04)	0.01	2.23	(1.47)	2.53	(2.90)	11.21
T	0.92	0.28	0.15	(7.88)	0.85	(1.05)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.05)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.32	0.30	0.22	0.37	1.07	(1.53)	3.18	(1.91)	9.09
JPM	1.12	(0.01)	0.06	0.11	1.40	(1.21)	2.05	(2.00)	15.87
MRK	0.91	(0.21)	0.00	(0.74)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.01	(0.05)	(0.08)	0.02	1.33	(1.07)	2.10	(2.09)	5.74

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