Defiance Daily Correlations

OKLL Etf

23.50 1.87 7.37%

The current 90-days correlation between Defiance Daily Target and Innovator ETFs Trust is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance Daily Target moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Defiance Daily Correlation With Market

Very good diversification

The correlation between Defiance Daily Target and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance Daily Target and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Defiance Etf

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

Moving together with Defiance Etf

0.62	TECL	Direxion Daily Technology	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.8	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against Defiance Etf

0.74	LABU	Direxion Daily SP	Pair Corr
0.64	FB	ProShares Trust ProShares	Pair Corr
0.58	FNGD	MicroSectors FANG Index Aggressive Push	Pair Corr
0.56	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.52	LUX	Tema Global	Pair Corr
0.49	DUKH	Ocean Park High	Pair Corr
0.47	SWP	SWP Growth Income	Pair Corr
0.46	VEA	Vanguard FTSE Developed	Pair Corr
0.45	UYG	ProShares Ultra Fina	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.78	MRK	Merck Company	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.66	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.59	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.53	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.46	BAC	Bank of America	Pair Corr
0.44	MCD	McDonalds	Pair Corr
0.43	JPM	JPMorgan Chase	Pair Corr
0.42	AXP	American Express Earnings Call This Week	Pair Corr
0.4	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.56	0.27	-0.24	0.15	-0.12	0.53	-0.07	-0.28	-0.32	META
MSFT	0.56		0.78	-0.55	0.52	0.25	0.35	-0.25	-0.84	-0.74	MSFT
UBER	0.27	0.78		-0.47	0.42	0.45	0.01	-0.39	-0.8	-0.51	UBER
F	-0.24	-0.55	-0.47		-0.64	-0.13	0.07	0.59	0.68	0.62	F
T	0.15	0.52	0.42	-0.64		0.55	-0.19	-0.41	-0.49	-0.64	T
A	-0.12	0.25	0.45	-0.13	0.55		-0.32	-0.22	-0.25	-0.37	A
CRM	0.53	0.35	0.01	0.07	-0.19	-0.32		0.54	-0.09	-0.33	CRM
JPM	-0.07	-0.25	-0.39	0.59	-0.41	-0.22	0.54		0.48	0.17	JPM
MRK	-0.28	-0.84	-0.8	0.68	-0.49	-0.25	-0.09	0.48		0.74	MRK
XOM	-0.32	-0.74	-0.51	0.62	-0.64	-0.37	-0.33	0.17	0.74		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

UBER	+ 0.78	MSFT
XOM	+ 0.74	MRK
MRK	+ 0.68	F
XOM	+ 0.62	F
JPM	+ 0.59	F
MSFT	+ 0.56	META

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.8	UBER
XOM	- 0.74	MSFT
XOM	- 0.64	T
T	- 0.64	F
F	- 0.55	MSFT

Defiance Daily Competition Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance Daily 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 Defiance Daily'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	1.42	(0.21)	0.00	(0.14)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.04	(0.18)	0.00	(0.50)	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.24)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.50	0.11	0.10	0.14	1.32	(1.86)	3.69	(2.35)	16.30
T	0.87	(0.16)	0.00	(0.39)	0.00	0.00	1.53	(1.85)	4.30
A	1.21	(0.17)	0.00	(0.06)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.51	(0.23)	0.00	(0.13)	0.00	0.00	3.22	(3.10)	12.37
JPM	1.13	(0.11)	0.00	(0.01)	0.00	0.00	2.00	(3.11)	7.38
MRK	1.24	0.31	0.21	0.48	1.09	(1.53)	3.59	(1.98)	8.09
XOM	1.07	0.28	0.18	4.20	0.95	(1.22)	2.38	(1.51)	5.82

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC