Defiance ETFs Correlations
| HDRO Etf | USD 25.92 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance ETFs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance ETFs moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Defiance ETFs Correlation With Market
Pay attention - limited upside
The correlation between Defiance ETFs and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance ETFs and DJI in the same portfolio, assuming nothing else is changed.
Defiance | Build AI portfolio with Defiance Etf |
Moving against Defiance Etf
| 0.9 | MUU | Direxion Daily MU | PairCorr |
| 0.9 | MULL | GraniteShares 2x Long | PairCorr |
| 0.89 | KORU | Direxion Daily South Upward Rally | PairCorr |
| 0.89 | NUGT | Direxion Daily Gold | PairCorr |
| 0.88 | OIH | VanEck Oil Services | PairCorr |
| 0.87 | JNUG | Direxion Daily Junior | PairCorr |
| 0.85 | XLE | Energy Select Sector | PairCorr |
| 0.85 | VDE | Vanguard Energy Index | PairCorr |
| 0.85 | IYE | iShares Energy ETF | PairCorr |
| 0.85 | IXC | iShares Global Energy | PairCorr |
| 0.85 | FENY | Fidelity MSCI Energy | PairCorr |
| 0.83 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.81 | FTXN | First Trust Nasdaq | PairCorr |
| 0.8 | FXN | First Trust Energy | PairCorr |
| 0.8 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.67 | IEO | iShares Oil Gas Low Volatility | PairCorr |
| 0.66 | XOP | SPDR SP Oil | PairCorr |
| 0.57 | AGQ | ProShares Ultra Silver Trending | PairCorr |
| 0.93 | CCNR | CoreCommodity Natural | PairCorr |
| 0.9 | GENW | Spinnaker ETF Series | PairCorr |
| 0.89 | SHNY | Microsectors Gold | PairCorr |
| 0.89 | VGUS | Vanguard Ultra Short | PairCorr |
| 0.88 | SCDV | ETF Series Solutions | PairCorr |
| 0.87 | PFF | iShares Preferred Sell-off Trend | PairCorr |
| 0.86 | BWET | ETF Managers Group Trending | PairCorr |
| 0.86 | ESML | iShares ESG Aware | PairCorr |
| 0.85 | UDI | USCF ETF Trust | PairCorr |
| 0.84 | JPIE | JP Morgan Exchange | PairCorr |
| 0.84 | CTEX | ProShares SP Kensho | PairCorr |
| 0.81 | EIPI | First Trust Exchange | PairCorr |
| 0.8 | GAPR | First Trust Exchange | PairCorr |
| 0.79 | PMAY | Innovator SP 500 | PairCorr |
| 0.77 | XYLD | Global X SP | PairCorr |
| 0.73 | FXC | Invesco CurrencyShares | PairCorr |
| 0.91 | SCZ | iShares MSCI EAFE | PairCorr |
| 0.89 | BSMS | Invesco BulletShares 2028 | PairCorr |
| 0.89 | EWT | iShares MSCI Taiwan | PairCorr |
| 0.87 | PFFA | Virtus InfraCap Preferred | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Defiance ETFs Constituents Risk-Adjusted Indicators
There is a big difference between Defiance Etf performing well and Defiance ETFs 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 ETFs' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JHMA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RWCD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BTEK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| THCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NBCT | 0.73 | 0.21 | 0.18 | 1.08 | 0.54 | 1.79 | 3.52 | |||
| ZGBR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| USLB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DBOC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JJG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FXS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Defiance ETFs 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 Defiance ETFs etf to make a market-neutral strategy. Peer analysis of Defiance ETFs could also be used in its relative valuation, which is a method of valuing Defiance ETFs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |