Trueshares Structured Correlations

JULZ Etf  USD 40.16  0.33  0.82%   
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 0.69 (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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Trueshares Structured Outcome. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Trueshares Etf

  0.96BUFR First Trust CboePairCorr
  0.94BUFD FT Cboe VestPairCorr
  0.95PSEP Innovator SP 500PairCorr
  0.82PJAN Innovator SP 500PairCorr
  0.95PJUL Innovator SP 500PairCorr
  0.95PAUG Innovator Equity PowerPairCorr
  0.98DNOV FT Cboe VestPairCorr
  0.76PMAY Innovator SP 500PairCorr
  0.91PJUN Innovator SP 500PairCorr
  1.0UPRO ProShares UltraPro SP500PairCorr
  0.89QTJA Innovator ETFs TrustPairCorr
  0.97QTOC Innovator ETFs TrustPairCorr
  0.96XTOC Innovator ETFs TrustPairCorr
  0.77QTAP Innovator Growth 100PairCorr
  0.87XTJA Innovator ETFs TrustPairCorr
  0.62XTAP Innovator Equity AccPairCorr

Moving against Trueshares Etf

  0.57SCHO Schwab Short TermPairCorr
  0.51STOT SPDR DoubleLine ShortPairCorr
  0.49EFNL iShares MSCI FinlandPairCorr
  0.45CAAA First Trust ExchangePairCorr
  0.42BSCP Invesco BulletShares 2025PairCorr
  0.41LBAY Tidal ETF TrustPairCorr
  0.41SPAQ Horizon Kinetics SPACPairCorr
  0.4FLDB Fidelity Low DurationPairCorr
  0.39UBND Victory PortfoliosPairCorr
  0.34IUSB iShares Core TotalPairCorr
  0.32VGK Vanguard FTSE EuropePairCorr
  0.54UNL United States 12PairCorr
  0.52BOIL ProShares Ultra BloombergPairCorr
  0.5MNA IQ Merger ArbitragePairCorr
  0.5CGUI Capital Group FixedPairCorr
  0.48USTB VictoryShares USAA CorePairCorr
  0.46JUNE Junee Limited Ordinary TrendingPairCorr

Related Correlations Analysis

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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   
JPMMETA
CRMMSFT
TUBER
CRMA
UBERMETA
AMSFT
  
High negative correlations   
MRKUBER
MRKMETA
TMSFT
MRKT
CRMT
MRKJPM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.57  0.08  0.00 (0.01) 0.00 
 2.57 
 8.90 
MSFT  1.10 (0.14) 0.00 (0.31) 0.00 
 2.58 
 10.31 
UBER  1.93  0.23  0.10  0.33  2.40 
 4.72 
 12.75 
F  1.44  0.06  0.00 (0.04) 0.00 
 2.71 
 10.14 
T  1.04  0.28  0.18  0.42  1.60 
 1.90 
 11.66 
A  1.14 (0.15) 0.00 (0.25) 0.00 
 2.92 
 9.03 
CRM  1.42 (0.23) 0.00 (0.30) 0.00 
 2.72 
 8.88 
JPM  1.09  0.05  0.00 (0.05) 0.00 
 1.99 
 6.85 
MRK  1.21 (0.11) 0.00  2.40  0.00 
 2.07 
 11.58 
XOM  1.05  0.06  0.08  0.06  1.38 
 2.55 
 5.89