Defiance Quantum Correlations

QTUM Etf

USD 77.65 0.33 0.43%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance Quantum ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Defiance Quantum Correlation With Market

Good diversification

The correlation between Defiance Quantum ETF and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance Quantum ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Defiance Quantum ETF. 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 against Defiance Etf

0.59	IRET	iREIT MarketVector	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.49	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.34	HD	Home Depot	Pair Corr

Related Correlations Analysis

	FIVG	SNSR	IRBO	QUBT	LOUP
FIVG		0.0	0.0	0.0	0.0	FIVG
SNSR	0.0		0.0	-0.47	0.45	SNSR
IRBO	0.0	0.0		0.0	0.0	IRBO
QUBT	0.0	-0.47	0.0		0.02	QUBT
LOUP	0.0	0.45	0.0	0.02		LOUP
	FIVG	SNSR	IRBO	QUBT	LOUP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LOUP	+ 0.45	SNSR
LOUP	+ 0.02	QUBT
SNSR	+ 0.0	FIVG
IRBO	+ 0.0	FIVG
QUBT	+ 0.0	FIVG
LOUP	+ 0.0	FIVG

High negative correlations

QUBT	- 0.47	SNSR
LOUP	- 0.0	IRBO
QUBT	- 0.0	IRBO
IRBO	- 0.0	SNSR
LOUP	- 0.0	FIVG
QUBT	- 0.0	FIVG

Defiance Quantum Constituents Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance Quantum 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 Quantum'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
FIVG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNSR	0.84	0.00	0.00	(0.09)	0.00	0.00	1.87	(2.18)	4.79
IRBO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QUBT	10.65	0.60	0.07	(0.32)	12.49	(12.89)	51.53	(16.01)	108.47
LOUP	1.78	(0.11)	0.00	(0.23)	0.00	0.00	2.92	(4.16)	11.29

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC