Innovator MSCI Correlations

EJUL Etf

USD 24.85 0.01 0.04%

The current 90-days correlation between Innovator MSCI Emerging and Innovator MSCI EAFE is 0.78 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Innovator MSCI Correlation With Market

Weak diversification

The correlation between Innovator MSCI Emerging and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Innovator MSCI Emerging. 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

0.77	INOV	Innovator ETFs Trust	Pair Corr
0.75	SMH	VanEck Semiconductor ETF	Pair Corr
0.8	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against Innovator Etf

0.42

Procter Gamble

Pair Corr

Related Correlations Analysis

	IJUL	EJAN	NOCT	UJAN	PSEP
IJUL		0.35	-0.7	-0.63	-0.53	IJUL
EJAN	0.35		0.12	0.37	0.43	EJAN
NOCT	-0.7	0.12		0.9	0.9	NOCT
UJAN	-0.63	0.37	0.9		0.98	UJAN
PSEP	-0.53	0.43	0.9	0.98		PSEP
	IJUL	EJAN	NOCT	UJAN	PSEP

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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

PSEP	+ 0.98	UJAN
UJAN	+ 0.9	NOCT
PSEP	+ 0.9	NOCT
PSEP	+ 0.43	EJAN
UJAN	+ 0.37	EJAN
EJAN	+ 0.35	IJUL

High negative correlations

NOCT	- 0.7	IJUL
UJAN	- 0.63	IJUL
PSEP	- 0.53	IJUL

Innovator MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator MSCI 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 MSCI'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
IJUL	0.41	(0.10)	0.00	(0.19)	0.00	0.00	0.95	(1.06)	2.29
EJAN	0.53	(0.05)	0.00	(0.04)	0.00	0.00	1.48	(1.21)	3.64
NOCT	0.26	(0.01)	(0.15)	0.10	0.38	(0.24)	0.75	(0.85)	2.41
UJAN	0.14	0.01	(0.31)	0.17	0.00	(0.16)	0.40	(0.26)	1.19
PSEP	0.24	(0.01)	(0.20)	0.10	0.30	(0.25)	0.53	(0.60)	1.73

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