GraniteShares 125x Correlations

TSL Etf

USD 11.96 0.58 5.10%

The current 90-days correlation between GraniteShares 125x Long and Canadian Solar is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares 125x moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares 125x Long moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GraniteShares 125x Correlation With Market

Average diversification

The correlation between GraniteShares 125x Long and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares 125x Long 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 GraniteShares 125x Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with GraniteShares Etf

0.62	MSTY	YieldMax MSTR Option	Pair Corr
0.75	MSFT	Microsoft	Pair Corr

Moving against GraniteShares Etf

0.8	BABX	GraniteShares 175x Long Downward Rally	Pair Corr
0.74	SHNY	Microsectors Gold	Pair Corr
0.67	GDXU	MicroSectors Gold Miners	Pair Corr
0.62	UYG	ProShares Ultra Fina	Pair Corr
0.6	CSCO	Cisco Systems	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.72	KO	Coca Cola	Pair Corr
0.71	T	ATT Inc Aggressive Push	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.58	IBM	International Business Sell-off Trend	Pair Corr
0.5	DD	Dupont De Nemours	Pair Corr
0.49	XOM	Exxon Mobil Corp	Pair Corr
0.46	TRV	The Travelers Companies	Pair Corr
0.34	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.44	0.47	-0.64	0.75	0.3	0.11	0.85	-0.83	-0.29	META
MSFT	-0.44		-0.65	0.39	-0.6	0.27	0.69	-0.51	0.62	-0.09	MSFT
UBER	0.47	-0.65		-0.07	0.68	-0.13	-0.55	0.67	-0.68	0.51	UBER
F	-0.64	0.39	-0.07		-0.38	0.04	-0.03	-0.39	0.64	0.72	F
T	0.75	-0.6	0.68	-0.38		-0.17	-0.25	0.69	-0.78	0.07	T
A	0.3	0.27	-0.13	0.04	-0.17		0.4	0.44	0.04	-0.13	A
CRM	0.11	0.69	-0.55	-0.03	-0.25	0.4		-0.17	0.26	-0.44	CRM
JPM	0.85	-0.51	0.67	-0.39	0.69	0.44	-0.17		-0.79	0.01	JPM
MRK	-0.83	0.62	-0.68	0.64	-0.78	0.04	0.26	-0.79		0.12	MRK
XOM	-0.29	-0.09	0.51	0.72	0.07	-0.13	-0.44	0.01	0.12		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.85	META
T	+ 0.75	META
XOM	+ 0.72	F
CRM	+ 0.69	MSFT
JPM	+ 0.69	T
T	+ 0.68	UBER

High negative correlations

MRK	- 0.83	META
MRK	- 0.79	JPM
MRK	- 0.78	T
MRK	- 0.68	UBER
UBER	- 0.65	MSFT
F	- 0.64	META

GraniteShares 125x Competition Risk-Adjusted Indicators

There is a big difference between GraniteShares Etf performing well and GraniteShares 125x 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 GraniteShares 125x'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	1.36	0.28	0.17	0.57	1.44	(1.42)	3.22	(2.29)	7.11
MSFT	1.03	(0.05)	0.00	(0.16)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.98	0.10	0.04	7.27	2.95	(2.03)	4.72	(3.13)	12.28
F	1.35	(0.11)	0.00	(0.13)	0.00	0.00	2.55	(2.89)	10.97
T	0.94	0.30	0.27	0.50	0.88	(1.12)	1.90	(1.75)	7.94
A	1.07	(0.03)	0.00	(0.07)	0.00	0.00	2.81	(2.16)	9.03
CRM	1.45	(0.14)	0.00	(0.20)	0.00	0.00	2.21	(2.95)	15.92
JPM	0.89	0.14	0.11	0.15	1.16	(0.97)	1.97	(1.51)	6.85
MRK	1.26	(0.10)	0.00	(2.54)	0.00	0.00	2.15	(2.24)	11.57
XOM	0.91	(0.12)	0.00	(0.25)	0.00	0.00	1.76	(2.14)	5.69

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