JIB Correlations

JIB Etf

USD 41.99 0.00 0.00%

The current 90-days correlation between JIB and Janus Henderson Sustainable is 0.08 (i.e., Significant diversification). The correlation of JIB 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.

JIB Correlation With Market

Good diversification

The correlation between JIB and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JIB and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis 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 gross domestic product.

Moving together with JIB Etf

0.62	BIV	Vanguard Intermediate	Pair Corr
0.63	FLCB	Franklin Templeton ETF	Pair Corr
0.61	UITB	VictoryShares USAA Core	Pair Corr
0.61	DFCF	Dimensional ETF Trust	Pair Corr
0.7	JAGG	JPMorgan BetaBuilders	Pair Corr
0.64	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against JIB Etf

0.61	NVDL	GraniteShares 15x Long	Pair Corr
0.61	NVDX	T Rex 2X	Pair Corr
0.6	NVDU	Direxion Daily NVDA	Pair Corr
0.59	WEBL	Direxion Daily Dow	Pair Corr
0.59	BITX	Volatility Shares Trust	Pair Corr
0.55	FNGU	MicroSectors FANG Index	Pair Corr
0.44	USD	ProShares Ultra Semi	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.38	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.37	-0.17	-0.12	0.53	0.26	0.66	0.45	-0.41	0.18	META
MSFT	0.37		-0.44	-0.05	0.36	0.16	0.25	0.15	0.13	-0.66	MSFT
UBER	-0.17	-0.44		0.06	-0.67	0.12	-0.53	-0.43	0.37	0.44	UBER
F	-0.12	-0.05	0.06		0.21	-0.47	0.32	0.54	-0.35	0.34	F
T	0.53	0.36	-0.67	0.21		-0.26	0.89	0.83	-0.73	-0.09	T
A	0.26	0.16	0.12	-0.47	-0.26		-0.26	-0.46	0.57	-0.08	A
CRM	0.66	0.25	-0.53	0.32	0.89	-0.26		0.92	-0.84	0.14	CRM
JPM	0.45	0.15	-0.43	0.54	0.83	-0.46	0.92		-0.87	0.18	JPM
MRK	-0.41	0.13	0.37	-0.35	-0.73	0.57	-0.84	-0.87		-0.31	MRK
XOM	0.18	-0.66	0.44	0.34	-0.09	-0.08	0.14	0.18	-0.31		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	+ 0.92	CRM
CRM	+ 0.89	T
JPM	+ 0.83	T
CRM	+ 0.66	META
MRK	+ 0.57	A
JPM	+ 0.54	F

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.84	CRM
MRK	- 0.73	T
T	- 0.67	UBER
XOM	- 0.66	MSFT
CRM	- 0.53	UBER

JIB Competition Risk-Adjusted Indicators

There is a big difference between JIB Etf performing well and JIB 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 JIB'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	1.17	0.27	0.15	0.67	1.17	(1.37)	3.22	(1.87)	8.02
MSFT	0.84	0.03	(0.01)	0.16	1.47	(0.79)	1.83	(1.57)	8.14
UBER	1.84	(0.29)	0.00	(0.14)	0.00	0.00	2.69	(5.35)	20.41
F	1.39	(0.13)	(0.04)	0.01	2.12	(1.42)	2.53	(2.79)	11.21
T	0.98	0.12	0.03	0.67	1.05	(1.07)	2.36	(1.99)	6.74
A	1.22	(0.01)	(0.05)	0.08	1.47	(1.30)	2.71	(2.41)	9.02
CRM	1.47	0.42	0.30	0.41	1.03	(1.71)	3.59	(1.93)	13.87
JPM	1.01	0.06	0.12	0.14	0.92	(1.19)	1.73	(1.42)	15.87
MRK	0.95	(0.21)	0.00	(0.78)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.90	0.01	(0.05)	0.14	1.16	(0.98)	1.83	(1.96)	6.06

JIB Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with JIB etf to make a market-neutral strategy. Peer analysis of JIB could also be used in its relative valuation, which is a method of valuing JIB by comparing valuation metrics with similar companies.

Janus Henderson Sustainable Janus Henderson Janus Henderson Janus Detroit Street Janus Henderson Mortgage Backed American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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