Innovator Capital Correlations

DSOC Etf

USD 31.87 0.01 0.03%

The current 90-days correlation between Innovator Capital and Innovator Capital Management is 0.95 (i.e., Almost no 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

Significant diversification

The correlation between Innovator Capital Management and DJI is 0.03 (i.e., Significant 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.

Check out Investing Opportunities 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 persons.

Moving together with Innovator Etf

0.93	UUP	Invesco DB Dollar	Pair Corr
0.9	EUO	ProShares UltraShort Euro	Pair Corr
0.94	YCS	ProShares UltraShort Yen	Pair Corr
0.66	CEFD	ETRACS Monthly Pay	Pair Corr
0.86	ARKW	ARK Next Generation	Pair Corr
0.62	WTMF	WisdomTree Managed	Pair Corr
0.78	EWC	iShares MSCI Canada	Pair Corr
0.91	BST	BlackRock Science Tech	Pair Corr
0.96	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.82	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.83	WMT	Walmart Aggressive Push	Pair Corr

Moving against Innovator Etf

0.99	VIIX	VIIX	Pair Corr
0.9	UDN	Invesco DB Dollar	Pair Corr
0.64	IRET	Tidal Trust II	Pair Corr
0.61	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.58	VIXM	ProShares VIX Mid	Pair Corr
0.57	VXZ	iPath Series B	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		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

JPM	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	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	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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.

Innovator Capital Management Innovator Capital Management First Trust Exchange Traded FT Cboe Vest FT Cboe Vest American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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