Innovator Capital Correlations

OCTD Etf

23.89 0.00 0.00%

The current 90-days correlation between Innovator Capital and Janus Henderson Sustainable is 0.06 (i.e., Significant diversification). The correlation of Innovator Capital 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.

Innovator Capital Correlation With Market

Good diversification

The correlation between Innovator Capital Management and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Capital Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

Check out Your Equity Center 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 manufacturing.

Moving together with Innovator Etf

0.81	INOV	Innovator ETFs Trust	Pair Corr
0.84	BUFR	First Trust Cboe	Pair Corr
0.87	BUFD	FT Cboe Vest	Pair Corr
0.79	PSEP	Innovator SP 500	Pair Corr
0.91	PJAN	Innovator SP 500	Pair Corr
0.81	PJUL	Innovator SP 500	Pair Corr
0.79	PAUG	Innovator Equity Power	Pair Corr
0.96	DNOV	FT Cboe Vest	Pair Corr
0.85	PMAY	Innovator SP 500	Pair Corr
0.69	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.9	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.63	GOP	Unusual Whales Subversive Symbol Change	Pair Corr
0.85	ISRCF	iShares V Public	Pair Corr
0.81	QQQ	Invesco QQQ Trust	Pair Corr
0.86	SLV	iShares Silver Trust	Pair Corr
0.66	EQTYX	WisdomTree Siegel Global	Pair Corr
0.87	ESGE	iShares ESG Aware	Pair Corr
0.72	RFDA	RiverFront Dynamic	Pair Corr
0.89	FEMR	Fidelity Covington Trust	Pair Corr
0.8	IGM	iShares Expanded Tech	Pair Corr
0.8	BJUN	Innovator SP 500	Pair Corr
0.8	IYW	iShares Technology ETF	Pair Corr
0.77	PPI	Investment Managers	Pair Corr
0.68	AGMI	Themes Silver Miners	Pair Corr
0.91	ICLN	iShares Global Clean Sell-off Trend	Pair Corr
0.88	EMOP	AB Active ETFs,	Pair Corr
0.65	WIA	Western AssetClaymore	Pair Corr
0.84	BMAR	Innovator SP 500	Pair Corr
0.87	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.85	VEMY	Virtus ETF Trust	Pair Corr
0.85	CEMB	iShares JP Morgan	Pair Corr
0.74	EEMV	iShares MSCI Emerging	Pair Corr
0.89	BKLN	Invesco Senior Loan	Pair Corr
0.93	IXSRF	IXSRF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.38	0.55	-0.72	0.71	-0.71	0.34	-0.22	-0.72	-0.66	META
MSFT	0.38		0.65	0.09	-0.23	0.16	0.5	0.24	-0.23	-0.12	MSFT
UBER	0.55	0.65		-0.28	0.24	-0.39	0.34	0.37	-0.62	-0.34	UBER
F	-0.72	0.09	-0.28		-0.76	0.79	0.03	0.32	0.62	0.72	F
T	0.71	-0.23	0.24	-0.76		-0.92	-0.02	-0.24	-0.57	-0.51	T
A	-0.71	0.16	-0.39	0.79	-0.92		-0.03	0.21	0.69	0.55	A
CRM	0.34	0.5	0.34	0.03	-0.02	-0.03		-0.15	-0.38	-0.29	CRM
JPM	-0.22	0.24	0.37	0.32	-0.24	0.21	-0.15		-0.16	0.38	JPM
MRK	-0.72	-0.23	-0.62	0.62	-0.57	0.69	-0.38	-0.16		0.54	MRK
XOM	-0.66	-0.12	-0.34	0.72	-0.51	0.55	-0.29	0.38	0.54		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

A	+ 0.79	F
XOM	+ 0.72	F
T	+ 0.71	META
MRK	+ 0.69	A
UBER	+ 0.65	MSFT
MRK	+ 0.62	F

High negative correlations

A	- 0.92	T
T	- 0.76	F
MRK	- 0.72	META
F	- 0.72	META
A	- 0.71	META
XOM	- 0.66	META

Innovator Capital Competition Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Capital 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 Innovator Capital'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	1.24	(0.35)	0.00	(0.38)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.13)	0.00	(0.14)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.50	(0.21)	0.00	(0.15)	0.00	0.00	3.34	(3.30)	10.91
F	1.50	0.16	0.10	0.14	1.66	(1.72)	3.66	(2.35)	16.30
T	1.00	(0.19)	0.00	(0.78)	0.00	0.00	1.84	(2.32)	6.25
A	1.32	0.34	0.25	0.30	1.02	(1.50)	3.93	(2.15)	11.03
CRM	1.61	(0.15)	0.00	(0.10)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.89	0.00	0.00	0.04	1.33	(0.82)	1.67	(1.91)	5.76
MRK	1.29	0.19	0.13	0.38	1.14	(1.67)	3.84	(2.36)	11.45
XOM	0.93	0.10	0.06	0.40	1.10	(0.90)	1.78	(1.93)	4.71

Innovator Capital 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 Innovator Capital etf to make a market-neutral strategy. Peer analysis of Innovator Capital could also be used in its relative valuation, which is a method of valuing Innovator Capital by comparing valuation metrics with similar companies.

Janus Henderson Sustainable Thrivent High Yield Morningstar Unconstrained Allocation Via Renewables T Rowe Price Oshidori International Holdings US70082LAB36 Sitka Gold Corp MSCI ACWI exAUCONSUMER Sycamore Entmt Grp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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