Defiance Daily Correlations

VSTL Etf

12.71 0.06 0.47%

The current 90-days correlation between Defiance Daily Target and EA Series Trust is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance Daily Target moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Defiance Daily Correlation With Market

Good diversification

The correlation between Defiance Daily Target and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance Daily Target and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Defiance Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Defiance Daily Target. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Defiance Etf

0.78	FBL	GraniteShares 15x Long	Pair Corr
0.88	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.78	DAPP	VanEck Digital Trans	Pair Corr

Moving against Defiance Etf

0.89	LABU	Direxion Daily SP	Pair Corr
0.77	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.4	SSO	ProShares Ultra SP500	Pair Corr
0.33	SPXL	Direxion Daily SP500	Pair Corr
0.33	UPRO	ProShares UltraPro SP500	Pair Corr
0.94	CLOX	Series Portfolios Trust	Pair Corr
0.81	CPSU	Calamos SP 500	Pair Corr
0.57	HLAL	Wahed FTSE USA	Pair Corr
0.47	FTBI	First Trust Exchange	Pair Corr
0.47	PLTM	GraniteShares Platinum Upward Rally	Pair Corr
0.46	FLCV	Federated Hermes ETF	Pair Corr
0.38	ZSB	USCF Sustainable Battery	Pair Corr
0.38	QQQM	Invesco NASDAQ 100	Pair Corr
0.36	ITDJ	iShares Trust	Pair Corr
0.36	SMLV	SPDR SSGA Small	Pair Corr
0.35	JNUG	Direxion Daily Junior	Pair Corr
0.86	FROG	Jfrog	Pair Corr
0.77	ECOW	Pacer Emerging Markets	Pair Corr
0.71	IBTG	iShares iBonds Dec	Pair Corr
0.6	PBJA	PGIM Rock ETF	Pair Corr
0.54	CSD	Invesco SP Spin	Pair Corr
0.42	CPER	United States Copper	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.57	-0.64	0.57	-0.6	0.23	-0.14	-0.59	-0.63	META
MSFT	0.66		0.83	-0.51	0.36	-0.22	0.09	-0.3	-0.77	-0.6	MSFT
UBER	0.57	0.83		-0.62	0.57	-0.33	-0.1	-0.2	-0.84	-0.59	UBER
F	-0.64	-0.51	-0.62		-0.71	0.56	0.27	0.38	0.7	0.76	F
T	0.57	0.36	0.57	-0.71		-0.57	-0.45	-0.16	-0.54	-0.49	T
A	-0.6	-0.22	-0.33	0.56	-0.57		-0.17	-0.25	0.51	0.28	A
CRM	0.23	0.09	-0.1	0.27	-0.45	-0.17		0.33	0.01	0.13	CRM
JPM	-0.14	-0.3	-0.2	0.38	-0.16	-0.25	0.33		0.25	0.36	JPM
MRK	-0.59	-0.77	-0.84	0.7	-0.54	0.51	0.01	0.25		0.64	MRK
XOM	-0.63	-0.6	-0.59	0.76	-0.49	0.28	0.13	0.36	0.64		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

UBER	+ 0.83	MSFT
XOM	+ 0.76	F
MRK	+ 0.7	F
MSFT	+ 0.66	META
XOM	+ 0.64	MRK
UBER	+ 0.57	META

High negative correlations

MRK	- 0.84	UBER
MRK	- 0.77	MSFT
T	- 0.71	F
F	- 0.64	META
XOM	- 0.63	META
F	- 0.62	UBER

Defiance Daily Competition Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance Daily 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 Daily'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	1.40	(0.25)	0.00	(0.21)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.92	(0.12)	0.00	(0.14)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.48	(0.36)	0.00	(0.28)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.15	0.09	0.16	1.69	(1.65)	3.38	(2.63)	16.30
T	0.96	(0.26)	0.00	(0.85)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.08	0.06	0.13	1.31	(1.37)	2.34	(2.21)	11.03
CRM	1.57	0.03	0.02	0.09	2.02	(1.54)	3.66	(2.92)	9.91
JPM	1.03	0.00	0.01	0.06	1.41	(1.02)	2.00	(1.91)	7.02
MRK	1.45	0.38	0.27	0.50	1.07	(1.86)	4.85	(2.06)	11.45
XOM	0.96	0.09	0.04	0.47	0.99	(1.02)	1.96	(1.51)	4.99

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