DeFiance Daily Correlations

HOOX Etf

21.57 0.85 4.10%

Correlations tend to spike during dislocations, so the stock's calm-market pairing may not hold under stress. Current 90-days correlation between DeFiance Daily Target and Invesco Multi Strategy Alternative is -0.22 (i.e., Strong inverse diversification).

Market Correlation Context: DeFiance Daily

Moderate diversification

For the present investment horizon, the measured correlation between DeFiance Daily and Dow Jones stands at 0.2, or Moderate diversification. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Build portfolio with DeFiance Etf

For portfolio construction context, review Risk vs Return Analysis. Allocation decisions are shaped by the composition and weighting of holdings. Monitoring Defiance Daily Target within a portfolio highlights how it interacts with other holdings. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence Defiance Daily Target's etf valuation — related indicators include signals in metropolitan statistical area.

Moving together with DeFiance Etf

0.77	QLD	ProShares Ultra QQQ	Pair Corr
0.86	TECL	Direxion Daily Technology	Pair Corr
0.96	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.85	UYG	ProShares Ultra	Pair Corr
0.76	AVGG	Leverage Shares 2X	Pair Corr
0.9	MDBX	Tradr 2X Long	Pair Corr
0.69	BAC	Bank of America	Pair Corr
0.83	IBM	International Business	Pair Corr
0.97	MSFT	Microsoft	Pair Corr
0.84	AXP	American Express	Pair Corr
0.89	DIS	Walt Disney	Pair Corr
0.86	HPQ	HP Inc	Pair Corr

Moving against DeFiance Etf

0.95	SCHD	Schwab Dividend Equity	Pair Corr
0.88	NRGU	Bank of Montreal	Pair Corr
0.86	GUSH	Direxion Daily SAMPP	Pair Corr
0.35	ELON	Battleshares TSLA	Pair Corr
0.97	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.95	VZ	Verizon Communications	Pair Corr
0.94	PFE	Pfizer Inc	Pair Corr
0.94	KO	Coca Cola	Pair Corr
0.89	MRK	Merck Company	Pair Corr
0.79	PG	Procter Gamble Sell-off Trend	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.78	MCD	McDonalds Sell-off Trend	Pair Corr
0.53	INTC	Intel	Pair Corr
0.4	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.21	0.07	0.4	-0.1	0.27	0.13	0.38	-0.15	-0.21	META
MSFT	0.21		0.84	0.26	-0.93	0.83	0.96	0.66	-0.89	-0.95	MSFT
UBER	0.07	0.84		0.2	-0.9	0.8	0.83	0.53	-0.76	-0.79	UBER
F	0.4	0.26	0.2		-0.28	0.63	0.16	0.58	0.03	-0.36	F
T	-0.1	-0.93	-0.9	-0.28		-0.85	-0.87	-0.55	0.86	0.88	T
A	0.27	0.83	0.8	0.63	-0.85		0.78	0.82	-0.63	-0.87	A
CRM	0.13	0.96	0.83	0.16	-0.87	0.78		0.68	-0.89	-0.95	CRM
JPM	0.38	0.66	0.53	0.58	-0.55	0.82	0.68		-0.43	-0.74	JPM
MRK	-0.15	-0.89	-0.76	0.03	0.86	-0.63	-0.89	-0.43		0.85	MRK
XOM	-0.21	-0.95	-0.79	-0.36	0.88	-0.87	-0.95	-0.74	0.85		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

CRM	+ 0.96	MSFT
XOM	+ 0.88	T
MRK	+ 0.86	T
XOM	+ 0.85	MRK
UBER	+ 0.84	MSFT
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.95	CRM
XOM	- 0.95	MSFT
T	- 0.93	MSFT
T	- 0.9	UBER
MRK	- 0.89	CRM
MRK	- 0.89	MSFT

DeFiance Daily Competition Risk-Adjusted Indicators

Evaluating DeFiance Etf requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.51	-0.05	0.00	-0.12	0.00	0.00	2.33	-2.82	14.24
MSFT	1.27	-0.28	0.00	-0.62	0.00	0.00	2.19	-2.87	13.28
UBER	1.52	-0.06	0.00	-0.18	0.00	0.00	3.18	-3.39	11.09
F	1.37	-0.13	0.00	-0.18	0.00	0.00	3.61	-3.07	10.01
T	1.13	0.28	0.24	-1.68	1.12	-1.25	3.87	-1.92	8.53
A	1.22	-0.26	0.00	-0.33	0.00	0.00	2.48	-3.01	7.20
CRM	1.78	-0.34	0.00	-0.63	0.00	0.00	3.41	-4.75	9.78
JPM	1.11	-0.03	0.00	-0.09	0.00	0.00	2.02	-2.63	8.17
MRK	1.11	0.29	0.24	0.54	1.15	-1.27	2.54	-1.94	7.29
XOM	1.27	0.53	0.40	18.70	1.04	-1.48	2.90	-2.12	6.83

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