Defiance Large Correlations

XMAG Etf

20.50 0.30 0.23%

The current 90-days correlation between Defiance Large Cap and Franklin Templeton ETF is -0.02 (i.e., Good diversification). The correlation of Defiance Large 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.

Defiance Large Correlation With Market

Good diversification

The correlation between Defiance Large Cap and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance Large Cap and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Defiance Etf

0.77	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.77	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.77	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.78	VIG	Vanguard Dividend	Pair Corr
0.77	VV	Vanguard Large Cap	Pair Corr
0.74	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.77	IWB	iShares Russell 1000	Pair Corr
0.77	ESGU	iShares ESG Aware	Pair Corr
0.77	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
0.77	SPLG	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.78	VTV	Vanguard Value Index	Pair Corr
0.76	VUG	Vanguard Growth Index	Pair Corr
0.74	VO	Vanguard Mid Cap	Pair Corr
0.68	VEA	Vanguard FTSE Developed	Pair Corr
0.73	VB	Vanguard Small Cap	Pair Corr
0.7	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.78	BUFD	FT Cboe Vest	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.66	PFE	Pfizer Inc	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.73	BAC	Bank of America	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.75	JPM	JPMorgan Chase	Pair Corr
0.64	INTC	Intel Earnings Call This Week	Pair Corr

Moving against Defiance Etf

0.62	MCD	McDonalds	Pair Corr
0.36	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

Defiance Large Competition Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance Large 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 Large'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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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