Trueshares Structured Correlations
JULZ Etf | USD 40.50 0.20 0.50% |
The current 90-days correlation between Trueshares Structured and FT Vest Equity is 0.96 (i.e., Almost no diversification). The correlation of Trueshares Structured 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.
Trueshares Structured Correlation With Market
Poor diversification
The correlation between Trueshares Structured Outcome and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trueshares Structured Outcome and DJI in the same portfolio, assuming nothing else is changed.
Trueshares |
Moving together with Trueshares Etf
0.95 | BUFR | First Trust Cboe | PairCorr |
0.93 | BUFD | FT Cboe Vest | PairCorr |
0.94 | PSEP | Innovator SP 500 | PairCorr |
0.79 | PJAN | Innovator SP 500 | PairCorr |
0.95 | PJUL | Innovator SP 500 | PairCorr |
0.94 | PAUG | Innovator Equity Power | PairCorr |
0.98 | DNOV | FT Cboe Vest | PairCorr |
0.76 | PMAY | Innovator SP 500 | PairCorr |
0.9 | PJUN | Innovator SP 500 | PairCorr |
0.99 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.87 | QTJA | Innovator ETFs Trust | PairCorr |
0.96 | QTOC | Innovator ETFs Trust | PairCorr |
0.96 | XTOC | Innovator ETFs Trust | PairCorr |
0.78 | QTAP | Innovator Growth 100 Low Volatility | PairCorr |
0.85 | XTJA | Innovator ETFs Trust | PairCorr |
0.64 | XTAP | Innovator Equity Acc | PairCorr |
Moving against Trueshares Etf
0.54 | SCHO | Schwab Short Term | PairCorr |
0.49 | STOT | SPDR DoubleLine Short | PairCorr |
0.46 | EFNL | iShares MSCI Finland | PairCorr |
0.41 | CAAA | First Trust Exchange | PairCorr |
0.41 | BSCP | Invesco BulletShares 2025 | PairCorr |
0.4 | SPAQ | Horizon Kinetics SPAC | PairCorr |
0.38 | FLDB | Fidelity Low Duration | PairCorr |
0.33 | LBAY | Tidal ETF Trust | PairCorr |
0.32 | UBND | Victory Portfolios | PairCorr |
0.53 | UNL | United States 12 | PairCorr |
0.52 | BOIL | ProShares Ultra Bloomberg Downward Rally | PairCorr |
0.48 | MNA | IQ Merger Arbitrage | PairCorr |
0.48 | CGUI | Capital Group Fixed | PairCorr |
0.44 | USTB | VictoryShares USAA Core | PairCorr |
0.42 | JUNE | Junee Limited Ordinary Trending | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Trueshares Structured Constituents Risk-Adjusted Indicators
There is a big difference between Trueshares Etf performing well and Trueshares Structured 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 Trueshares Structured'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 | 0.08 | 0.00 | (0.03) | 0.00 | 2.57 | 8.90 | |||
MSFT | 1.10 | (0.12) | 0.00 | (0.30) | 0.00 | 2.58 | 10.31 | |||
UBER | 1.92 | 0.20 | 0.10 | 0.28 | 2.38 | 4.72 | 12.75 | |||
F | 1.42 | 0.05 | 0.00 | (0.06) | 0.00 | 2.71 | 10.14 | |||
T | 1.07 | 0.24 | 0.16 | 0.33 | 1.64 | 1.90 | 11.66 | |||
A | 1.16 | (0.12) | 0.00 | (0.23) | 0.00 | 2.92 | 9.03 | |||
CRM | 1.45 | (0.26) | 0.00 | (0.35) | 0.00 | 2.72 | 8.88 | |||
JPM | 1.10 | 0.04 | 0.00 | (0.08) | 0.00 | 1.99 | 6.85 | |||
MRK | 1.21 | (0.12) | 0.00 | 1.56 | 0.00 | 2.08 | 11.57 | |||
XOM | 1.04 | 0.04 | 0.07 | (0.02) | 1.37 | 2.55 | 5.89 |