GraniteShares 125x Correlations

TSL Etf

USD 13.03 0.06 0.46%

The current 90-days correlation between GraniteShares 125x Long and ProShares Ultra SP500 is 0.57 (i.e., Very weak 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

Very weak diversification

The correlation between GraniteShares 125x Long and DJI is 0.41 (i.e., Very weak 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.

Build AI portfolio with GraniteShares Etf

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 signals in state.

Moving together with GraniteShares Etf

0.61	SSO	ProShares Ultra SP500	Pair Corr
0.64	QLD	ProShares Ultra QQQ	Pair Corr
0.65	UYG	ProShares Ultra Fina	Pair Corr
0.62	VTI	Vanguard Total Stock	Pair Corr
0.62	SPY	SPDR SP 500	Pair Corr
0.62	IVV	iShares Core SP	Pair Corr
0.65	VUG	Vanguard Growth Index	Pair Corr
0.63	VO	Vanguard Mid Cap	Pair Corr
0.61	VEA	Vanguard FTSE Developed	Pair Corr
0.63	VB	Vanguard Small Cap	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.68	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.63	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against GraniteShares Etf

0.67	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.42	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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