Innovator Equity Correlations

BAUG Etf

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The current 90-days correlation between Innovator Equity Buffer and Innovator Equity Buffer is -0.03 (i.e., Good diversification). The correlation of Innovator Equity 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.

Innovator Equity Correlation With Market

Very good diversification

The correlation between Innovator Equity Buffer and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Equity Buffer and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovator Equity Buffer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Innovator Etf

0.74	INOV	Innovator ETFs Trust	Pair Corr
0.84	BUFR	First Trust Cboe	Pair Corr
0.81	BUFD	FT Cboe Vest	Pair Corr
0.83	PSEP	Innovator SP 500	Pair Corr
0.69	PJAN	Innovator SP 500	Pair Corr
0.83	PJUL	Innovator SP 500	Pair Corr
0.83	PAUG	Innovator Equity Power	Pair Corr
0.83	DNOV	FT Cboe Vest	Pair Corr
0.74	PMAY	Innovator SP 500	Pair Corr
0.81	PJUN	Innovator SP 500	Pair Corr
0.7	VTI	Vanguard Total Stock	Pair Corr
0.76	SPY	SPDR SP 500	Pair Corr
0.77	IVV	iShares Core SP	Pair Corr
0.76	VEA	Vanguard FTSE Developed	Pair Corr
0.79	RXI	iShares Global Consumer	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.68	MMM	3M Company	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.7	WMT	Walmart	Pair Corr

Moving against Innovator Etf

0.6

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	BJUL	BOCT	BAPR	BJUN	BJAN
BJUL		0.83	0.82	0.82	0.64	BJUL
BOCT	0.83		0.99	0.97	0.73	BOCT
BAPR	0.82	0.99		0.99	0.8	BAPR
BJUN	0.82	0.97	0.99		0.85	BJUN
BJAN	0.64	0.73	0.8	0.85		BJAN
	BJUL	BOCT	BAPR	BJUN	BJAN

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Innovator Equity Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Equity 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 Equity'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
BJUL	0.42	0.01	0.00	(0.04)	0.00	0.00	0.85	(1.11)	2.59
BOCT	0.38	0.00	0.11	(0.03)	0.54	(0.38)	0.70	(0.90)	2.38
BAPR	0.42	0.00	0.11	(0.06)	0.63	(0.39)	0.91	(1.12)	2.83
BJUN	0.31	0.00	0.14	(0.09)	0.49	(0.29)	0.65	(0.78)	2.09
BJAN	0.29	0.01	0.17	(0.16)	0.38	(0.29)	0.68	(0.88)	2.46

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