LeaderSharesTM AlphaFactor Correlations

LSAF Etf

USD 41.51 0.34 0.83%

The current 90-days correlation between LeaderSharesTM AlphaFactor and Two Roads Shared is 0.8 (i.e., Very poor diversification). The correlation of LeaderSharesTM AlphaFactor 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.

LeaderSharesTM AlphaFactor Correlation With Market

Poor diversification

The correlation between LeaderSharesTM AlphaFactor Cor and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LeaderSharesTM AlphaFactor Cor and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LeaderSharesTM AlphaFactor Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with LeaderSharesTM Etf

0.78	VO	Vanguard Mid Cap	Pair Corr
0.9	VXF	Vanguard Extended Market	Pair Corr
0.9	IJH	iShares Core SP	Pair Corr
0.97	IWR	iShares Russell Mid	Pair Corr
0.9	MDY	SPDR SP MIDCAP	Pair Corr
0.9	FV	First Trust Dorsey	Pair Corr
0.9	IVOO	Vanguard SP Mid	Pair Corr
0.97	JHMM	John Hancock Multifactor	Pair Corr
0.95	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.89	XMMO	Invesco SP MidCap	Pair Corr
0.79	UPRO	ProShares UltraPro SP500	Pair Corr
0.71	XTOC	Innovator ETFs Trust	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	LSAT	GDMA	DEUS	SQEW	JMBS
LSAT		0.64	0.93	0.91	0.55	LSAT
GDMA	0.64		0.76	0.63	0.63	GDMA
DEUS	0.93	0.76		0.9	0.57	DEUS
SQEW	0.91	0.63	0.9		0.36	SQEW
JMBS	0.55	0.63	0.57	0.36		JMBS
	LSAT	GDMA	DEUS	SQEW	JMBS

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LeaderSharesTM AlphaFactor Constituents Risk-Adjusted Indicators

There is a big difference between LeaderSharesTM Etf performing well and LeaderSharesTM AlphaFactor 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 LeaderSharesTM AlphaFactor'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
LSAT	0.56	(0.08)	0.00	(0.17)	0.00	0.00	0.95	(1.13)	2.88
GDMA	0.39	(0.02)	0.00	(0.10)	0.00	0.00	0.66	(0.82)	3.15
DEUS	0.52	(0.07)	0.00	(0.15)	0.00	0.00	0.97	(0.92)	3.07
SQEW	0.68	(0.12)	0.00	(0.19)	0.00	0.00	1.09	(1.38)	4.87
JMBS	0.28	0.02	0.12	0.15	0.30	(0.29)	0.56	(0.49)	1.58

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LeaderSharesTM AlphaFactor Correlations

LeaderSharesTM AlphaFactor Correlation With Market

Poor diversification

Moving together with LeaderSharesTM Etf

Related Correlations Analysis

LeaderSharesTM AlphaFactor Constituents Risk-Adjusted Indicators

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