AIM ETF Correlations

OCTW Etf

USD 35.75 0.11 0.31%

The current 90-days correlation between AIM ETF Products and AIM ETF Products is 0.71 (i.e., Poor diversification). The correlation of AIM ETF 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.

AIM ETF Correlation With Market

Poor diversification

The correlation between AIM ETF Products and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIM ETF Products and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in AIM ETF Products. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with AIM Etf

0.93	BUFR	First Trust Cboe	Pair Corr
0.93	BUFD	FT Cboe Vest	Pair Corr
0.91	PSEP	Innovator SP 500	Pair Corr
0.9	PJAN	Innovator SP 500	Pair Corr
0.91	PJUL	Innovator SP 500	Pair Corr
0.91	PAUG	Innovator Equity Power	Pair Corr
0.88	DNOV	FT Cboe Vest	Pair Corr
0.91	PMAY	Innovator SP 500	Pair Corr
0.91	PJUN	Innovator SP 500	Pair Corr
0.86	DSJA	DSJA	Pair Corr
0.89	RSPY	Tuttle Capital Management	Pair Corr
0.87	MEME	Roundhill Investments	Pair Corr
0.72	ITDD	iShares Trust	Pair Corr
0.93	BAC	Bank of America Aggressive Push	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.88	WMT	Walmart Aggressive Push	Pair Corr
0.84	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.88	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.76	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against AIM Etf

0.34	INOV	Innovator ETFs Trust	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	JULW	NVBW	JANW	APRW	DECW
JULW		0.89	0.98	1.0	0.96	JULW
NVBW	0.89		0.9	0.89	0.88	NVBW
JANW	0.98	0.9		0.99	0.99	JANW
APRW	1.0	0.89	0.99		0.97	APRW
DECW	0.96	0.88	0.99	0.97		DECW
	JULW	NVBW	JANW	APRW	DECW

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AIM ETF Constituents Risk-Adjusted Indicators

There is a big difference between AIM Etf performing well and AIM ETF 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 AIM ETF'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
JULW	0.24	0.00	(0.20)	0.14	0.23	(0.25)	0.50	(0.46)	1.57
NVBW	0.10	0.02	(0.36)	0.29	0.00	(0.12)	0.29	(0.10)	1.66
JANW	0.11	0.01	(0.44)	0.18	0.00	(0.14)	0.31	(0.27)	0.92
APRW	0.22	0.01	(0.20)	0.15	0.21	(0.26)	0.51	(0.53)	1.67
DECW	0.08	0.01	(0.66)	0.27	0.00	(0.09)	0.17	(0.13)	0.60

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