Teucrium Corn Correlations

CORN Etf

USD 18.98 0.11 0.58%

The current 90-days correlation between Teucrium Corn and Teucrium Wheat is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teucrium Corn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teucrium Corn moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Teucrium Corn Correlation With Market

Average diversification

The correlation between Teucrium Corn and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teucrium Corn and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Teucrium Corn. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Teucrium Etf

0.88	DBA	Invesco DB Agriculture	Pair Corr
0.66	EWC	iShares MSCI Canada Sell-off Trend	Pair Corr
0.63	BST	BlackRock Science Tech	Pair Corr
0.87	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.64	WMT	Walmart	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.68	MMM	3M Company	Pair Corr

Moving against Teucrium Etf

0.66

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.1	0.63	-0.5	0.38	0.38	0.2	0.89	-0.76	0.09	META
MSFT	-0.1		-0.64	0.23	-0.78	0.66	0.89	0.04	0.47	-0.4	MSFT
UBER	0.63	-0.64		-0.45	0.79	-0.23	-0.55	0.57	-0.86	0.48	UBER
F	-0.5	0.23	-0.45		-0.14	0.06	0.06	-0.39	0.59	0.26	F
T	0.38	-0.78	0.79	-0.14		-0.55	-0.69	0.22	-0.67	0.52	T
A	0.38	0.66	-0.23	0.06	-0.55		0.76	0.6	0.12	-0.18	A
CRM	0.2	0.89	-0.55	0.06	-0.69	0.76		0.27	0.28	-0.46	CRM
JPM	0.89	0.04	0.57	-0.39	0.22	0.6	0.27		-0.65	0.12	JPM
MRK	-0.76	0.47	-0.86	0.59	-0.67	0.12	0.28	-0.65		-0.31	MRK
XOM	0.09	-0.4	0.48	0.26	0.52	-0.18	-0.46	0.12	-0.31		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

JPM	+ 0.89	META
CRM	+ 0.89	MSFT
T	+ 0.79	UBER
CRM	+ 0.76	A
A	+ 0.66	MSFT
UBER	+ 0.63	META

High negative correlations

MRK	- 0.86	UBER
T	- 0.78	MSFT
MRK	- 0.76	META
CRM	- 0.69	T
MRK	- 0.67	T
MRK	- 0.65	JPM

Teucrium Corn Constituents Risk-Adjusted Indicators

There is a big difference between Teucrium Etf performing well and Teucrium Corn 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 Teucrium Corn'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	1.59	(0.03)	0.00	(0.11)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.11	(0.16)	0.00	(0.31)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.87	0.33	0.15	0.56	2.19	(2.00)	4.72	(3.13)	12.75
F	1.44	0.10	0.04	0.02	2.20	(1.39)	2.71	(2.89)	10.14
T	1.05	0.27	0.17	0.41	1.61	(1.12)	1.90	(1.75)	11.66
A	1.14	(0.14)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.27)	0.00	(0.32)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.11	0.06	0.00	(0.02)	0.00	0.00	1.99	(3.35)	6.85
MRK	1.16	(0.07)	0.00	0.80	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.09	0.09	0.13	1.38	(1.10)	2.55	(2.36)	5.89

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