Teucrium Soybean Correlations
SOYB Etf | USD 21.09 0.18 0.85% |
The current 90-days correlation between Teucrium Soybean and Teucrium Corn is 0.59 (i.e., Very weak diversification). The correlation of Teucrium Soybean 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.
Teucrium Soybean Correlation With Market
Good diversification
The correlation between Teucrium Soybean and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teucrium Soybean and DJI in the same portfolio, assuming nothing else is changed.
Teucrium |
Moving together with Teucrium Etf
0.63 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.74 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.66 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.72 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Teucrium Etf
0.73 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.71 | FNGS | MicroSectors FANG ETN | PairCorr |
0.7 | FNGO | MicroSectors FANG Index | PairCorr |
0.69 | FNGU | MicroSectors FANG Index | PairCorr |
0.64 | ROM | ProShares Ultra Tech | PairCorr |
0.63 | QLD | ProShares Ultra QQQ | PairCorr |
0.61 | TECL | Direxion Daily Technology | PairCorr |
0.47 | USD | ProShares Ultra Semi Buyout Trend | PairCorr |
0.35 | DBA | Invesco DB Agriculture | PairCorr |
0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.71 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
0.69 | DIS | Walt Disney | PairCorr |
0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.66 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.62 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.37 | HPQ | HP Inc | PairCorr |
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
| High negative correlations
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Teucrium Soybean Constituents Risk-Adjusted Indicators
There is a big difference between Teucrium Etf performing well and Teucrium Soybean 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 Teucrium Soybean'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 | 1.15 | 0.21 | 0.11 | 0.55 | 1.25 | 3.22 | 8.02 | |||
MSFT | 0.84 | 0.02 | (0.01) | 0.12 | 1.45 | 1.83 | 8.14 | |||
UBER | 1.83 | (0.28) | 0.00 | (0.13) | 0.00 | 2.69 | 20.41 | |||
F | 1.36 | (0.13) | (0.04) | 0.00 | 2.10 | 2.53 | 11.21 | |||
T | 0.97 | 0.15 | 0.06 | 2.52 | 1.02 | 2.36 | 6.74 | |||
A | 1.22 | 0.00 | (0.04) | 0.09 | 1.46 | 2.71 | 9.02 | |||
CRM | 1.47 | 0.40 | 0.29 | 0.38 | 1.04 | 3.59 | 13.87 | |||
JPM | 1.01 | 0.08 | 0.13 | 0.13 | 0.94 | 1.73 | 15.87 | |||
MRK | 0.96 | (0.20) | 0.00 | (0.82) | 0.00 | 2.00 | 5.18 | |||
XOM | 0.89 | (0.02) | (0.07) | 0.02 | 1.18 | 1.83 | 6.06 |