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.
Teucrium |
Moving together with Teucrium Etf
| 0.72 | GLD | SPDR Gold Shares | PairCorr |
| 0.72 | IAU | iShares Gold Trust | PairCorr |
| 0.65 | SLV | iShares Silver Trust Sell-off Trend | PairCorr |
| 0.72 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.72 | SGOL | abrdn Physical Gold | PairCorr |
| 0.75 | DBA | Invesco DB Agriculture | PairCorr |
| 0.72 | GLTR | abrdn Physical Precious | PairCorr |
| 0.65 | SIVR | abrdn Physical Silver | PairCorr |
| 0.72 | IAUM | iShares Gold Trust | PairCorr |
| 0.77 | LUX | Tema ETF Trust | PairCorr |
| 0.72 | CSCO | Cisco Systems | PairCorr |
| 0.76 | GE | GE Aerospace | PairCorr |
| 0.61 | T | ATT Inc | PairCorr |
| 0.61 | WMT | Walmart | PairCorr |
| 0.76 | IBM | International Business | PairCorr |
Moving against Teucrium Etf
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 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CANE | 1.04 | (0.05) | 0.00 | 1.36 | 0.00 | 1.84 | 5.49 | |||
| SOYB | 0.88 | 0.03 | 0.12 | 0.09 | 0.95 | 1.95 | 5.07 | |||
| WEAT | 1.05 | 0.02 | 0.11 | 0.16 | 1.08 | 2.38 | 6.51 | |||
| CORN | 0.90 | 0.06 | 0.14 | 0.43 | 1.04 | 1.47 | 5.32 | |||
| JJA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |