Teucrium Agricultural Correlations

TAGS Etf  USD 25.70  0.27  1.06%   
The current 90-days correlation between Teucrium Agricultural and Teucrium Sugar is 0.21 (i.e., Modest diversification). The correlation of Teucrium Agricultural 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.

Teucrium Agricultural Correlation With Market

Significant diversification

The correlation between Teucrium Agricultural and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teucrium Agricultural and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teucrium Agricultural. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Teucrium Etf

  0.72GLD SPDR Gold SharesPairCorr
  0.72IAU iShares Gold TrustPairCorr
  0.65SLV iShares Silver Trust Sell-off TrendPairCorr
  0.72GLDM SPDR Gold MiniSharesPairCorr
  0.72SGOL abrdn Physical GoldPairCorr
  0.75DBA Invesco DB AgriculturePairCorr
  0.72GLTR abrdn Physical PreciousPairCorr
  0.65SIVR abrdn Physical SilverPairCorr
  0.72IAUM iShares Gold TrustPairCorr
  0.77LUX Tema ETF TrustPairCorr
  0.72CSCO Cisco SystemsPairCorr
  0.76GE GE AerospacePairCorr
  0.61T ATT IncPairCorr
  0.61WMT WalmartPairCorr
  0.76IBM International BusinessPairCorr

Moving against Teucrium Etf

  0.74MRK Merck Company Sell-off TrendPairCorr
  0.35MSFT MicrosoftPairCorr

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   
CORNSOYB
CORNWEAT
WEATSOYB
WEATCANE
JJACANE
JJASOYB
  
High negative correlations   
SOYBCANE
CORNCANE
JJACORN
JJAWEAT
JJASOYB
JJACANE

Teucrium Agricultural Constituents Risk-Adjusted Indicators

There is a big difference between Teucrium Etf performing well and Teucrium Agricultural 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 Agricultural'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.