Defiance ETFs Correlations

Summary

The current 90-days correlation between Defiance ETFs and Vanguard Total Stock is -0.14 (i.e., Good diversification). The correlation of Defiance ETFs 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.

Defiance ETFs Correlation With Market

Very good diversification

The correlation between Defiance ETFs 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 Defiance ETFs and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Defiance Etf

0.73	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.71	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.71	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.76	VUG	Vanguard Growth Index Sell-off Trend	Pair Corr
0.71	VO	Vanguard Mid Cap	Pair Corr
0.75	VB	Vanguard Small Cap	Pair Corr
0.86	DSJA	DSJA	Pair Corr
0.87	RSPY	Tuttle Capital Management	Pair Corr
0.82	MEME	Roundhill Investments	Pair Corr
0.79	DIS	Walt Disney	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.75	WMT	Walmart	Pair Corr
0.81	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.82	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Defiance Etf

0.81	VEA	Vanguard FTSE Developed	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.57	BND	Vanguard Total Bond	Pair Corr
0.5	VWO	Vanguard FTSE Emerging	Pair Corr
0.43	PMBS	PIMCO Mortgage Backed	Pair Corr
0.41	AMPD	Tidal Trust II	Pair Corr
0.9	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.6	MCD	McDonalds Sell-off Trend	Pair Corr
0.53	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO
VTI		1.0	1.0	-0.55	0.84	0.98	0.98	-0.64	0.97	-0.17	VTI
SPY	1.0		1.0	-0.56	0.83	0.98	0.97	-0.63	0.96	-0.13	SPY
IVV	1.0	1.0		-0.56	0.83	0.98	0.97	-0.63	0.96	-0.13	IVV
BND	-0.55	-0.56	-0.56		-0.46	-0.54	-0.55	0.82	-0.49	0.04	BND
VTV	0.84	0.83	0.83	-0.46		0.71	0.91	-0.5	0.87	-0.08	VTV
VUG	0.98	0.98	0.98	-0.54	0.71		0.92	-0.64	0.92	-0.16	VUG
VO	0.98	0.97	0.97	-0.55	0.91	0.92		-0.66	0.99	-0.18	VO
VEA	-0.64	-0.63	-0.63	0.82	-0.5	-0.64	-0.66		-0.66	0.52	VEA
VB	0.97	0.96	0.96	-0.49	0.87	0.92	0.99	-0.66		-0.26	VB
VWO	-0.17	-0.13	-0.13	0.04	-0.08	-0.16	-0.18	0.52	-0.26		VWO
	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO

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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

SPY	+ 1.0	VTI
IVV	+ 1.0	VTI
IVV	+ 1.0	SPY
VB	+ 0.99	VO
VUG	+ 0.98	VTI
VO	+ 0.98	VTI

High negative correlations

VB	- 0.66	VEA
VEA	- 0.66	VO
VEA	- 0.64	VUG
VEA	- 0.64	VTI
VEA	- 0.63	IVV
VEA	- 0.63	SPY

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
VTI	0.50	0.05	0.06	0.16	0.43	(0.57)	0.97	(0.91)	4.07
SPY	0.46	0.05	0.04	0.16	0.44	(0.49)	0.95	(0.90)	3.77
IVV	0.47	0.05	0.04	0.16	0.44	(0.50)	0.95	(0.91)	3.75
BND	0.23	(0.05)	0.00	7.46	0.00	0.00	0.40	(0.60)	1.35
VTV	0.48	(0.03)	(0.10)	0.05	0.39	(0.58)	1.05	(0.71)	3.47
VUG	0.64	0.12	0.10	0.25	0.64	(0.67)	1.66	(1.34)	5.33
VO	0.54	0.05	0.07	0.15	0.36	(0.66)	1.33	(0.93)	3.69
VEA	0.58	(0.08)	0.00	(0.15)	0.00	0.00	1.21	(1.28)	3.86
VB	0.71	0.06	0.10	0.14	0.53	(0.78)	1.68	(1.14)	5.31
VWO	0.80	0.06	(0.01)	0.40	0.93	(0.86)	2.17	(1.85)	6.41

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.

Vanguard Total Stock SPDR SP 500 iShares Core SP Vanguard Total Bond Vanguard Value Index Vanguard Growth Index Vanguard Mid Cap Index Vanguard FTSE Developed Vanguard Small Cap Index Vanguard FTSE Emerging American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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