Innovator Equity Correlations

XBJL Etf

USD 38.06 0.10 0.26%

The current 90-days correlation between Innovator Equity Acc and Innovator SP 500 is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Equity Accelerated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Innovator Equity Correlation With Market

Average diversification

The correlation between Innovator Equity Accelerated and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Equity Accelerated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Innovator Equity Accelerated. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Innovator Etf

0.85	INOV	Innovator ETFs Trust	Pair Corr
0.9	BUFR	First Trust Cboe	Pair Corr
0.89	BUFD	FT Cboe Vest	Pair Corr
0.88	PSEP	Innovator SP 500	Pair Corr
0.88	PJAN	Innovator SP 500	Pair Corr
0.9	PJUL	Innovator SP 500	Pair Corr
0.89	PAUG	Innovator Equity Power	Pair Corr
0.86	DNOV	FT Cboe Vest	Pair Corr
0.88	PMAY	Innovator SP 500	Pair Corr
0.94	ITDD	iShares Trust	Pair Corr
0.62	AMPD	Tidal ETF Services	Pair Corr
0.64	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.88	CPST	Calamos ETF Trust	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.8	AXP	American Express	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.79	IBM	International Business	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.81	AA	Alcoa Corp	Pair Corr

Moving against Innovator Etf

0.38	CVX	Chevron Corp	Pair Corr
0.32	HPQ	HP Inc	Pair Corr
0.53	HD	Home Depot	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	UOCT	XBJA	XBAP	EALT	MARM	BNOV	PSTP	UAPR	UJUN	XJUN
UOCT		0.54	0.76	0.8	0.74	0.78	0.73	0.92	0.56	0.54	UOCT
XBJA	0.54		0.8	0.7	0.8	0.67	0.61	0.7	0.95	0.95	XBJA
XBAP	0.76	0.8		0.94	0.98	0.91	0.85	0.9	0.77	0.75	XBAP
EALT	0.8	0.7	0.94		0.89	0.98	0.95	0.84	0.76	0.73	EALT
MARM	0.74	0.8	0.98	0.89		0.86	0.79	0.9	0.75	0.74	MARM
BNOV	0.78	0.67	0.91	0.98	0.86		0.95	0.81	0.74	0.72	BNOV
PSTP	0.73	0.61	0.85	0.95	0.79	0.95		0.73	0.75	0.72	PSTP
UAPR	0.92	0.7	0.9	0.84	0.9	0.81	0.73		0.65	0.64	UAPR
UJUN	0.56	0.95	0.77	0.76	0.75	0.74	0.75	0.65		0.99	UJUN
XJUN	0.54	0.95	0.75	0.73	0.74	0.72	0.72	0.64	0.99		XJUN
	UOCT	XBJA	XBAP	EALT	MARM	BNOV	PSTP	UAPR	UJUN	XJUN

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Innovator Equity Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Equity 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 Equity'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
UOCT	0.23	0.02	(0.11)	0.73	0.31	(0.22)	0.42	(0.65)	1.58
XBJA	0.13	0.01	(0.19)	0.12	0.00	(0.16)	0.42	(0.25)	0.99
XBAP	0.12	0.01	(0.25)	0.13	0.00	(0.14)	0.34	(0.29)	0.92
EALT	0.35	0.02	(0.02)	0.09	0.46	(0.35)	0.81	(0.77)	2.28
MARM	0.06	0.01	(0.64)	0.14	0.00	(0.09)	0.18	(0.12)	0.34
BNOV	0.31	0.01	(0.03)	0.09	0.50	(0.30)	0.95	(0.99)	2.57
PSTP	0.25	0.00	(0.10)	0.06	0.29	(0.27)	0.58	(0.57)	1.83
UAPR	0.14	0.02	(0.19)	2.56	0.12	(0.15)	0.34	(0.28)	0.93
UJUN	0.15	0.01	(0.18)	0.35	0.20	(0.16)	0.38	(0.30)	1.12
XJUN	0.14	0.00	(0.21)	0.08	0.11	(0.14)	0.36	(0.33)	0.95

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