Innovator MSCI Correlations

EAPR Etf

USD 26.14 0.01 0.04%

The current 90-days correlation between Innovator MSCI Emerging and Innovator MSCI EAFE is 0.77 (i.e., Poor diversification). The correlation of Innovator MSCI 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Innovator MSCI Correlation With Market

Weak diversification

The correlation between Innovator MSCI Emerging and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Innovator MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Innovator Etf

0.79	INOV	Innovator ETFs Trust	Pair Corr
0.62	ITDD	iShares Trust	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Innovator Etf

0.48

Procter Gamble

Pair Corr

Related Correlations Analysis

	IAPR	KAPR	KJUL	NAPR	IJAN
IAPR		-0.65	-0.63	-0.59	0.99	IAPR
KAPR	-0.65		1.0	0.91	-0.68	KAPR
KJUL	-0.63	1.0		0.92	-0.66	KJUL
NAPR	-0.59	0.91	0.92		-0.6	NAPR
IJAN	0.99	-0.68	-0.66	-0.6		IJAN
	IAPR	KAPR	KJUL	NAPR	IJAN

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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

KJUL	+ 1.0	KAPR
IJAN	+ 0.99	IAPR
NAPR	+ 0.92	KJUL
NAPR	+ 0.91	KAPR

High negative correlations

IJAN	- 0.68	KAPR
IJAN	- 0.66	KJUL
KAPR	- 0.65	IAPR
KJUL	- 0.63	IAPR
IJAN	- 0.6	NAPR
NAPR	- 0.59	IAPR

Innovator MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator MSCI 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 MSCI'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
IAPR	0.42	(0.12)	0.00	(0.24)	0.00	0.00	0.66	(1.14)	2.67
KAPR	0.50	(0.01)	(0.05)	0.11	0.42	(0.62)	1.08	(0.91)	4.07
KJUL	0.42	(0.01)	(0.08)	0.10	0.43	(0.47)	1.02	(0.76)	2.91
NAPR	0.37	0.00	(0.09)	0.12	0.48	(0.41)	0.80	(0.94)	2.53
IJAN	0.45	(0.12)	0.00	(0.27)	0.00	0.00	0.60	(1.13)	2.77

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