Defiance Correlations

FIVG Etf

USD 64.88 0.21 0.32%

The current 90-days correlation between Defiance 5G Next and Abacus FCF Leaders is -0.17 (i.e., Good diversification). The correlation of Defiance 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.

Defiance Correlation With Market

Significant diversification

The correlation between Defiance 5G Next and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance 5G Next and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Defiance Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Defiance 5G Next. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Defiance Etf

0.73	VGT	Vanguard Information	Pair Corr
0.76	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.74	IYW	iShares Technology ETF	Pair Corr
0.73	SMH	VanEck Semiconductor ETF	Pair Corr
0.75	SOXX	iShares Semiconductor ETF	Pair Corr
0.74	FTEC	Fidelity MSCI Information	Pair Corr
0.74	IGM	iShares Expanded Tech	Pair Corr
0.67	JADE	JP Morgan Exchange	Pair Corr
0.67	VONG	Vanguard Russell 1000	Pair Corr
0.7	QQQM	Invesco NASDAQ 100	Pair Corr
0.64	FFLG	Fidelity Covington Trust Low Volatility	Pair Corr

Related Correlations Analysis

	ABFL	JKI	IRBO	JKF	JKL	RSX	FM	GOVI	RYE	AIVL
ABFL		0.47	0.0	0.19	0.52	0.0	0.0	-0.06	0.0	0.66	ABFL
JKI	0.47		0.0	0.82	0.98	0.0	0.0	-0.35	0.0	0.73	JKI
IRBO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	IRBO
JKF	0.19	0.82	0.0		0.78	0.0	0.0	-0.18	0.0	0.39	JKF
JKL	0.52	0.98	0.0	0.78		0.0	0.0	-0.29	0.0	0.76	JKL
RSX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RSX
FM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FM
GOVI	-0.06	-0.35	0.0	-0.18	-0.29	0.0	0.0		0.0	-0.09	GOVI
RYE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RYE
AIVL	0.66	0.73	0.0	0.39	0.76	0.0	0.0	-0.09	0.0		AIVL
	ABFL	JKI	IRBO	JKF	JKL	RSX	FM	GOVI	RYE	AIVL

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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

JKL	+ 0.98	JKI
JKF	+ 0.82	JKI
JKL	+ 0.78	JKF
AIVL	+ 0.76	JKL
AIVL	+ 0.73	JKI
AIVL	+ 0.66	ABFL

High negative correlations

GOVI	- 0.35	JKI
GOVI	- 0.29	JKL
GOVI	- 0.18	JKF
AIVL	- 0.09	GOVI
GOVI	- 0.06	ABFL
AIVL	- 0.0	RYE

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
ABFL	0.76	(0.07)	(0.06)	0.00	1.05	(0.73)	1.42	(1.87)	4.39
JKI	0.57	0.04	(0.02)	0.30	0.76	(0.54)	1.10	(1.11)	3.37
IRBO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JKF	0.51	0.06	0.01	0.39	0.50	(0.56)	1.18	(0.83)	2.80
JKL	0.80	0.04	(0.01)	0.24	0.96	(0.84)	2.13	(1.71)	4.30
RSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOVI	0.25	0.00	(0.21)	(0.13)	0.31	(0.27)	0.47	(0.51)	1.74
RYE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIVL	0.51	(0.02)	(0.04)	0.05	0.66	(0.50)	1.06	(1.16)	2.96

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