US Infrastructure Correlations

IFRA
 Etf
  

USD 32.24  0.38  1.16%   

The correlation of US Infrastructure is a statistical measure of how it moves in relation to other equities. 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 US Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Infrastructure Ishares 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.
Please see Risk vs Return Analysis.
  
The ability to find closely correlated positions to US Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Infrastructure 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 US Infrastructure - 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 US Infrastructure Ishares to buy it.

Moving together with US Infrastructure

+0.98PAVEGx US InfrastructurePairCorr
+0.92IGFGlobal InfrastructurePairCorr
+0.83NFRAFlexshares Global BroadPairCorr
+0.92GIIFTSE Global InfraPairCorr
+0.89TOLZDJ Brookfield GlobalPairCorr
+0.95SIMSSPDR Kensho IntelligentPairCorr
+0.89GLIFAgfiq Global InfrastPairCorr
+0.91UPROUltrapro SP 500PairCorr
+0.89QTJAInnovator Growth AccPairCorr
+0.92XTOCInnovator US EquityPairCorr
+0.9QTAPInnovator Growth AccPairCorr
+0.93XDOCInnovator US EquityPairCorr
+0.74EOCTInnovator EmergingPairCorr
+0.96XBJAInnovator US EquityPairCorr
+0.85GFOFGrayscale FuturePairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CRMMSFT
AF
MRKT
FUBER
XOMF
AUBER
  
High negative correlations   
TUBER
MRKUBER
TTWTR
XOMMRK
XOMT
MRKTWTR

US Infrastructure Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between US Infrastructure Etf performing well and US Infrastructure ETF doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze US Infrastructure's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.34  0.12  0.35  2.69  0.14 (1.60)  4.00 (2.23)  15.22 
MSFT 1.31  0.00  0.00 (0.12)  0.00 (0.021)  0.00  2.43 (2.94)  12.18 
UBER 2.86  0.54  0.15  0.30  3.01  0.13 (2.99)  5.60 (5.13)  25.11 
F 2.27  0.24  0.04  0.00  3.17  0.0422 (2.44)  5.15 (5.04)  18.45 
T 0.97 (0.37)  0.00 (0.69)  0.00 (0.23)  0.00  1.32 (2.33)  9.31 
A 1.57  0.21  0.10  0.05  1.80  0.08 (1.80)  2.87 (3.13)  11.70 
CRM 1.95 (0.06)  0.00 (0.16)  0.00 (0.0493)  0.00  3.63 (3.96)  10.76 
JPM 1.32  0.01  0.00 (0.11)  0.00 (0.007)  0.00  2.53 (2.88)  8.06 
MRK 0.88 (0.05)  0.00 (0.24)  0.00  0.0179  0.00  1.64 (1.87)  4.58 
XOM 1.72  0.11  0.06  0.02  2.06  0.06 (1.85)  3.33 (3.24)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in US Infrastructure 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.

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Invested in US Infrastructure Ishares?

The danger of trading US Infrastructure Ishares 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 US Infrastructure 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 US Infrastructure. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile US Infrastructure Ishares 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.
Please see Risk vs Return Analysis. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running US Infrastructure Ishares price analysis, check to measure US Infrastructure's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy US Infrastructure is operating at the current time. Most of US Infrastructure's value examination focuses on studying past and present price action to predict the probability of US Infrastructure's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move US Infrastructure's price. Additionally, you may evaluate how the addition of US Infrastructure to your portfolios can decrease your overall portfolio volatility.
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The market value of US Infrastructure Ishares is measured differently than its book value, which is the value of US Infrastructure that is recorded on the company's balance sheet. Investors also form their own opinion of US Infrastructure's value that differs from its market value or its book value, called intrinsic value, which is US Infrastructure'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 US Infrastructure's market value can be influenced by many factors that don't directly affect US Infrastructure'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 US Infrastructure's value and its price as these two are different measures arrived at by different means. Investors typically determine US Infrastructure value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Infrastructure'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.