Trust For Correlations

JGRW Etf

25.61 0.32 1.27%

The current 90-days correlation between Trust For Professional and FT Vest Equity is 0.8 (i.e., Very poor diversification). The correlation of Trust For 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Trust For Correlation With Market

Poor diversification

The correlation between Trust For Professional and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trust For Professional and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Trust For Professional. 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 Trust Etf

0.9	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.92	VIG	Vanguard Dividend	Pair Corr
0.91	VV	Vanguard Large Cap	Pair Corr
0.9	RSP	Invesco SP 500	Pair Corr
0.91	IWB	iShares Russell 1000	Pair Corr
0.89	ESGU	iShares ESG Aware	Pair Corr
0.9	DFAC	Dimensional Core Equity	Pair Corr
0.88	SPLG	SPDR Portfolio SP	Pair Corr
0.89	UPRO	ProShares UltraPro SP500	Pair Corr
0.84	QTJA	Innovator ETFs Trust	Pair Corr
0.88	QTOC	Innovator ETFs Trust	Pair Corr
0.91	XTOC	Innovator ETFs Trust	Pair Corr
0.69	QTAP	Innovator Growth 100 Low Volatility	Pair Corr
0.88	XTJA	Innovator ETFs Trust	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.88	HD	Home Depot	Pair Corr
0.84	AXP	American Express	Pair Corr
0.82	DIS	Walt Disney	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Trust Etf

0.35	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.33	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		0.94	-0.05	0.86	0.02	0.96	0.95	-0.91	0.96	DHDG
MBCC	0.94		0.15	0.81	0.22	0.9	0.9	-0.8	0.87	MBCC
DIHP	-0.05	0.15		-0.34	0.95	-0.22	-0.24	0.42	-0.28	DIHP
DJAN	0.86	0.81	-0.34		-0.25	0.96	0.97	-0.95	0.96	DJAN
MDLV	0.02	0.22	0.95	-0.25		-0.14	-0.15	0.34	-0.2	MDLV
DJUL	0.96	0.9	-0.22	0.96	-0.14		1.0	-0.97	0.99	DJUL
DJUN	0.95	0.9	-0.24	0.97	-0.15	1.0		-0.97	0.99	DJUN
SH	-0.91	-0.8	0.42	-0.95	0.34	-0.97	-0.97		-0.99	SH
VV	0.96	0.87	-0.28	0.96	-0.2	0.99	0.99	-0.99		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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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

DJUN	+ 1.0	DJUL
VV	+ 0.99	DJUL
VV	+ 0.99	DJUN
DJUN	+ 0.97	DJAN
DJUL	+ 0.96	DHDG
VV	+ 0.96	DHDG

High negative correlations

VV	- 0.99	SH
SH	- 0.97	DJUN
SH	- 0.97	DJUL
SH	- 0.95	DJAN
SH	- 0.91	DHDG
SH	- 0.8	MBCC

Trust For Constituents Risk-Adjusted Indicators

There is a big difference between Trust Etf performing well and Trust For 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 Trust For'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
DHDG	0.44	(0.03)	0.00	(0.10)	0.00	0.00	0.87	(0.94)	2.86
MBCC	0.78	(0.02)	0.00	(0.06)	0.00	0.00	1.56	(2.25)	4.26
DIHP	0.59	0.10	0.14	0.17	0.67	(0.61)	1.30	(1.21)	3.71
DJAN	0.30	(0.02)	0.00	(0.08)	0.00	0.00	0.71	(0.77)	2.02
MDLV	0.55	0.07	0.11	0.14	0.80	(0.52)	1.08	(1.52)	3.33
DJUL	0.47	(0.02)	0.00	(0.08)	0.00	0.00	0.85	(1.08)	2.99
DJUN	0.50	(0.02)	0.00	(0.07)	0.00	0.00	0.94	(1.21)	3.23
SH	0.82	0.06	0.14	(0.11)	0.77	(0.94)	1.78	(1.47)	5.01
VV	0.84	(0.05)	0.00	(0.09)	0.00	0.00	1.73	(1.71)	4.56

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