Defiance Correlations

AIPO Etf

22.70 0.03 0.13%

The current 90-days correlation between Defiance AI Power and iShares SP Small Cap is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance AI Power moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Defiance Correlation With Market

Very weak diversification

The correlation between Defiance AI Power and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance AI Power and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Defiance Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Defiance AI Power. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Defiance Etf

0.79	VGT	Vanguard Information	Pair Corr
0.72	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.72	IYW	iShares Technology ETF	Pair Corr
0.69	CIBR	First Trust NASDAQ	Pair Corr
0.78	FTEC	Fidelity MSCI Information	Pair Corr
0.63	FDN	First Trust Dow	Pair Corr
0.66	IGM	iShares Expanded Tech	Pair Corr
0.64	VONG	Vanguard Russell 1000	Pair Corr

Moving against Defiance Etf

0.38	SIXS	6 Meridian Small	Pair Corr
0.35	AMPD	Tidal ETF Services	Pair Corr
0.32	SMLV	SPDR SSGA Small	Pair Corr
0.32	GBUG	Sprott Active Gold	Pair Corr
0.45	FROG	Jfrog	Pair Corr
0.37	FLCV	Federated Hermes ETF	Pair Corr
0.32	HYSD	Columbia ETF Trust	Pair Corr

Related Correlations Analysis

	IJS	IJT	IBB	IJJ	URTH	VINAX	IOO	ACWX	PPA	FXI
IJS		0.91	0.51	0.96	0.85	0.79	0.6	0.8	0.24	-0.22	IJS
IJT	0.91		0.21	0.95	0.73	0.84	0.34	0.64	0.41	-0.03	IJT
IBB	0.51	0.21		0.38	0.59	0.2	0.84	0.61	-0.31	-0.62	IBB
IJJ	0.96	0.95	0.38		0.74	0.76	0.42	0.67	0.26	-0.18	IJJ
URTH	0.85	0.73	0.59	0.74		0.85	0.84	0.95	0.4	-0.09	URTH
VINAX	0.79	0.84	0.2	0.76	0.85		0.49	0.8	0.71	0.11	VINAX
IOO	0.6	0.34	0.84	0.42	0.84	0.49		0.79	0.0	-0.31	IOO
ACWX	0.8	0.64	0.61	0.67	0.95	0.8	0.79		0.41	-0.1	ACWX
PPA	0.24	0.41	-0.31	0.26	0.4	0.71	0.0	0.41		0.43	PPA
FXI	-0.22	-0.03	-0.62	-0.18	-0.09	0.11	-0.31	-0.1	0.43		FXI
	IJS	IJT	IBB	IJJ	URTH	VINAX	IOO	ACWX	PPA	FXI

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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

IJJ	+ 0.96	IJS
IJJ	+ 0.95	IJT
ACWX	+ 0.95	URTH
IJT	+ 0.91	IJS
URTH	+ 0.85	IJS
VINAX	+ 0.85	URTH

High negative correlations

FXI	- 0.62	IBB
FXI	- 0.31	IOO
PPA	- 0.31	IBB
FXI	- 0.22	IJS
FXI	- 0.18	IJJ
FXI	- 0.1	ACWX

Defiance Constituents Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance 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'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
IJS	0.90	(0.02)	0.00	0.04	1.13	(0.91)	2.31	(2.13)	4.79
IJT	0.80	(0.05)	(0.03)	0.02	1.07	(0.77)	1.66	(1.53)	4.24
IBB	0.88	0.22	0.23	0.29	0.63	(1.02)	2.00	(1.38)	5.02
IJJ	0.72	(0.02)	(0.01)	0.04	0.96	(0.70)	1.85	(1.31)	3.89
URTH	0.57	0.00	(0.01)	0.06	0.87	(0.52)	1.11	(1.23)	3.05
VINAX	0.76	(0.02)	(0.02)	0.04	0.97	(0.79)	1.41	(1.83)	3.89
IOO	0.63	0.04	0.03	0.10	0.85	(0.63)	1.55	(1.54)	3.66
ACWX	0.58	0.02	0.01	0.08	0.78	(0.56)	1.02	(1.22)	3.24
PPA	0.89	0.01	0.01	0.07	1.09	(0.90)	1.85	(1.90)	5.04
FXI	0.89	(0.12)	0.00	(0.07)	0.00	0.00	1.64	(1.37)	6.99

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