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.
  
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

  0.95BUFR First Trust CboePairCorr
  0.93BUFD FT Cboe VestPairCorr
  0.94PSEP Innovator SP 500PairCorr
  0.79PJAN Innovator SP 500PairCorr
  0.95PJUL Innovator SP 500PairCorr
  0.94PAUG Innovator Equity PowerPairCorr
  0.98DNOV FT Cboe VestPairCorr
  0.76PMAY Innovator SP 500PairCorr
  0.9PJUN Innovator SP 500PairCorr
  0.99UPRO ProShares UltraPro SP500PairCorr
  0.87QTJA Innovator ETFs TrustPairCorr
  0.96QTOC Innovator ETFs TrustPairCorr
  0.96XTOC Innovator ETFs TrustPairCorr
  0.78QTAP Innovator Growth 100 Low VolatilityPairCorr
  0.85XTJA Innovator ETFs TrustPairCorr
  0.64XTAP Innovator Equity AccPairCorr

Moving against Trueshares Etf

  0.54SCHO Schwab Short TermPairCorr
  0.49STOT SPDR DoubleLine ShortPairCorr
  0.46EFNL iShares MSCI FinlandPairCorr
  0.41CAAA First Trust ExchangePairCorr
  0.41BSCP Invesco BulletShares 2025PairCorr
  0.4SPAQ Horizon Kinetics SPACPairCorr
  0.38FLDB Fidelity Low DurationPairCorr
  0.33LBAY Tidal ETF TrustPairCorr
  0.32UBND Victory PortfoliosPairCorr
  0.53UNL United States 12PairCorr
  0.52BOIL ProShares Ultra Bloomberg Downward RallyPairCorr
  0.48MNA IQ Merger ArbitragePairCorr
  0.48CGUI Capital Group FixedPairCorr
  0.44USTB VictoryShares USAA CorePairCorr
  0.42JUNE 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
MRKF
  
High negative correlations   
MRKUBER
MRKMETA
TMSFT
MRKT
MRKJPM
CRMT

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  1.59  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