TrueShares Structured Correlations

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.

Build AI portfolio with TrueShares Etf

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 TrueShares Etf

0.68	INOV	Innovator ETFs Trust	Pair Corr
0.75	BUFR	First Trust Cboe Sell-off Trend	Pair Corr
0.75	BUFD	FT Cboe Vest	Pair Corr
0.76	PSEP	Innovator SP 500	Pair Corr
0.69	PJAN	Innovator SP 500	Pair Corr
0.75	PJUL	Innovator SP 500	Pair Corr
0.75	PAUG	Innovator Equity Power	Pair Corr
0.63	DNOV	FT Cboe Vest	Pair Corr
0.7	PMAY	Innovator SP 500	Pair Corr
0.78	VTI	Vanguard Total Stock	Pair Corr
0.78	SPY	SPDR SP 500	Pair Corr
0.78	IVV	iShares Core SP	Pair Corr
0.67	VTV	Vanguard Value Index	Pair Corr
0.74	VO	Vanguard Mid Cap	Pair Corr
0.67	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.69	VB	Vanguard Small Cap	Pair Corr
0.7	GAL	SPDR SSgA Global	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.68	BA	Boeing	Pair Corr
0.67	DIS	Walt Disney Earnings Call This Week	Pair Corr

Moving against TrueShares Etf

0.62	T	ATT Inc Earnings Call This Week	Pair Corr
0.37	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.32	-0.39	0.37	-0.35	-0.49	0.36	-0.04	-0.08	0.03	META
MSFT	0.32		0.35	-0.18	0.27	-0.04	-0.05	-0.1	-0.81	-0.68	MSFT
UBER	-0.39	0.35		-0.42	0.39	0.54	0.0	-0.03	-0.55	-0.39	UBER
F	0.37	-0.18	-0.42		-0.65	-0.24	0.1	0.26	0.44	0.47	F
T	-0.35	0.27	0.39	-0.65		0.62	-0.16	-0.21	-0.34	-0.55	T
A	-0.49	-0.04	0.54	-0.24	0.62		-0.14	0.06	-0.06	-0.34	A
CRM	0.36	-0.05	0.0	0.1	-0.16	-0.14		0.74	0.16	-0.24	CRM
JPM	-0.04	-0.1	-0.03	0.26	-0.21	0.06	0.74		0.35	-0.05	JPM
MRK	-0.08	-0.81	-0.55	0.44	-0.34	-0.06	0.16	0.35		0.68	MRK
XOM	0.03	-0.68	-0.39	0.47	-0.55	-0.34	-0.24	-0.05	0.68		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	+ 0.74	CRM
XOM	+ 0.68	MRK
A	+ 0.62	T
A	+ 0.54	UBER
XOM	+ 0.47	F
MRK	+ 0.44	F

High negative correlations

MRK	- 0.81	MSFT
XOM	- 0.68	MSFT
T	- 0.65	F
XOM	- 0.55	T
MRK	- 0.55	UBER
A	- 0.49	META

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	1.49	0.17	0.12	0.22	1.28	(1.79)	3.43	(2.47)	6.38
MSFT	1.24	(0.29)	0.00	(1.12)	0.00	0.00	1.85	(2.70)	4.90
UBER	1.50	(0.30)	0.00	(0.34)	0.00	0.00	2.46	(3.82)	10.23
F	1.25	0.05	0.04	0.09	1.22	(1.52)	3.38	(2.35)	7.16
T	0.82	(0.05)	0.00	(0.10)	0.00	0.00	1.43	(1.54)	3.77
A	1.20	(0.22)	0.00	(0.11)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.58	(0.36)	0.00	(0.30)	0.00	0.00	2.94	(4.26)	12.37
JPM	1.11	0.04	(0.01)	(0.50)	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.26	0.30	0.21	0.47	1.14	(1.53)	3.59	(1.98)	8.09
XOM	1.06	0.24	0.18	0.45	0.96	(1.23)	2.38	(1.51)	5.82

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