TrueShares Structured Correlations

DECZ Etf

USD 37.46 0.21 0.56%

The current 90-days correlation between TrueShares Structured and TrueShares Structured Outcome is -0.1 (i.e., Good diversification). The correlation of TrueShares Structured 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.

TrueShares Structured Correlation With Market

Almost no diversification

The correlation between TrueShares Structured Outcome and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TrueShares Structured Outcome and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TrueShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TrueShares Structured Outcome. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with TrueShares Etf

0.93	INOV	Innovator ETFs Trust	Pair Corr
0.92	BUFR	First Trust Cboe	Pair Corr
0.99	BUFD	FT Cboe Vest	Pair Corr
1.0	PSEP	Innovator SP 500	Pair Corr
1.0	PJAN	Innovator SP 500	Pair Corr
0.99	PJUL	Innovator SP 500	Pair Corr
0.92	PAUG	Innovator Equity Power	Pair Corr
0.99	DNOV	FT Cboe Vest	Pair Corr
0.99	PMAY	Innovator SP 500	Pair Corr
0.98	PJUN	Innovator SP 500	Pair Corr
0.98	SIXD	AIM ETF Products	Pair Corr
0.95	CEFD	ETRACS Monthly Pay	Pair Corr
0.97	AGEM	abrdn Emerging Markets	Pair Corr
0.86	BTFD	Valkyrie Bitcoin Strategy	Pair Corr
0.77	FLXR	TCW ETF Trust	Pair Corr
0.88	OBND	SSGA Active Trust	Pair Corr
0.91	GYLD	Arrow ETF Trust	Pair Corr
0.97	SPHY	SPDR Portfolio High Sell-off Trend	Pair Corr
0.68	PSLV	Sprott Physical Silver Aggressive Push	Pair Corr
0.98	HWAY	Themes Infrastructure ETF	Pair Corr
0.94	STXI	EA Series Trust	Pair Corr
0.92	WTMF	WisdomTree Managed	Pair Corr
0.79	ARKB	ARK 21Shares Bitcoin	Pair Corr
0.91	DVQQ	WEBs Defined Volatility	Pair Corr
0.87	NIKL	Sprott Nickel Miners	Pair Corr
0.79	NFXL	Direxion Daily NFLX	Pair Corr
0.96	XHYT	BondBloxx ETF Trust	Pair Corr
0.93	FMIL	Fidelity New Millennium	Pair Corr
0.88	BPI	Grayscale Funds Trust	Pair Corr
0.89	CGIE	Capital Group Intern	Pair Corr
0.9	ARKQ	ARK Autonomous Technology	Pair Corr
0.8	CBTJ	Calamos Bitcoin 80	Pair Corr
0.81	FID	First Trust Intl	Pair Corr

Moving against TrueShares Etf

0.85	VXX	iPath Series B Buyout Trend	Pair Corr
0.85	VIXY	ProShares VIX Short Buyout Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.88	0.74	0.8	0.4	0.66	0.56	0.89	-0.16	0.0	META
MSFT	0.88		0.88	0.82	0.55	0.34	0.41	0.91	-0.48	-0.25	MSFT
UBER	0.74	0.88		0.89	0.41	0.22	0.59	0.92	-0.52	-0.28	UBER
F	0.8	0.82	0.89		0.45	0.53	0.7	0.9	-0.23	0.07	F
T	0.4	0.55	0.41	0.45		0.11	0.0	0.49	-0.27	0.08	T
A	0.66	0.34	0.22	0.53	0.11		0.61	0.43	0.57	0.58	A
CRM	0.56	0.41	0.59	0.7	0.0	0.61		0.55	0.18	0.26	CRM
JPM	0.89	0.91	0.92	0.9	0.49	0.43	0.55		-0.4	-0.12	JPM
MRK	-0.16	-0.48	-0.52	-0.23	-0.27	0.57	0.18	-0.4		0.7	MRK
XOM	0.0	-0.25	-0.28	0.07	0.08	0.58	0.26	-0.12	0.7		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	+ 0.92	UBER
JPM	+ 0.91	MSFT
JPM	+ 0.9	F
JPM	+ 0.89	META
F	+ 0.89	UBER
MSFT	+ 0.88	META

High negative correlations

MRK	- 0.52	UBER
MRK	- 0.48	MSFT
MRK	- 0.4	JPM
XOM	- 0.28	UBER
MRK	- 0.27	T
XOM	- 0.25	MSFT

TrueShares Structured Constituents Risk-Adjusted Indicators

There is a big difference between TrueShares Etf performing well and TrueShares Structured 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 TrueShares Structured'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	2.11	0.20	0.08	0.16	2.53	(2.36)	4.23	(4.29)	21.50
MSFT	1.26	0.37	0.21	(8.01)	1.12	(1.36)	2.58	(2.36)	13.79
UBER	1.90	0.25	0.10	0.22	2.29	(2.07)	4.19	(3.48)	16.18
F	1.72	0.12	0.05	0.15	2.27	(1.77)	2.90	(3.84)	13.07
T	1.17	0.00	0.05	0.00	1.77	(1.20)	2.01	(2.62)	8.83
A	1.79	(0.08)	0.00	(0.03)	0.00	0.00	2.76	(4.15)	14.45
CRM	1.58	(0.11)	0.00	(0.06)	0.00	0.00	3.02	(3.64)	13.13
JPM	1.30	0.21	0.09	0.22	1.95	(1.36)	2.75	(2.12)	11.14
MRK	1.62	(0.26)	0.00	(0.35)	0.00	0.00	2.55	(4.72)	10.58
XOM	1.31	0.07	0.02	4.36	2.18	(1.25)	2.80	(2.77)	10.53

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