Innovator Growth Correlations

Etfs . USA . 
Etf . Innovator Growth 100 Accelerated
QTAP Etf  USD 37.00  0.07  0.19%   
The current 90-days correlation between Innovator Growth 100 and Innovator Equity Accelerated is 0.98 (i.e., Almost no diversification). The correlation of Innovator Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Innovator Growth 100 Accelerat and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Growth 100 Accelerat and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Innovator Etf
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Innovator Growth 100 Accelerated. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Innovator Etf

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  0.89PJAN Innovator SP 500PairCorr
  0.87PJUL Innovator SP 500PairCorr
  0.89PAUG Innovator Equity PowerPairCorr
  0.86DNOV FT Cboe VestPairCorr
  0.77PMAY Innovator SP 500PairCorr
  0.91PJUN Innovator SP 500PairCorr
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  0.65IXJ iShares Global HealthcarePairCorr
  0.75IYR iShares Real EstatePairCorr
  0.62DUKH Ocean Park HighPairCorr
  0.62NFLX Netflix Earnings Call TodayPairCorr
  0.75HHH Howard HughesPairCorr
  0.84SWP SWP Growth IncomePairCorr
  0.81WTRE WisdomTree New EconomyPairCorr
  0.8JPM JPMorgan ChasePairCorr
  0.73MMM 3M CompanyPairCorr
  0.73AA Alcoa CorpPairCorr
  0.75HPQ HP IncPairCorr
  0.73AXP American Express Earnings Call TomorrowPairCorr
  0.62MSFT Microsoft Earnings Call This WeekPairCorr
  0.68DD Dupont De NemoursPairCorr
  0.64PFE Pfizer IncPairCorr
  0.8BAC Bank of America Aggressive PushPairCorr
  0.75GE GE Aerospace Earnings Call This WeekPairCorr

Related Correlations Analysis

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Innovator Growth Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Growth 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 Growth'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.

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