| BAUG Etf | | | USD 46.74 0.01 0.02% |
The current 90-days correlation between Innovator Equity Buffer and Trueshares Structured Outcome is 0.98 (i.e., Almost no 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
Almost no diversification
The correlation between Innovator Equity Buffer and DJI is 0.91 (i.e., Almost no 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.
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