Trust For Correlations

APMU Etf

25.46 0.02 0.08%

The current 90-days correlation between Trust For Professional and STF Tactical Growth is -0.14 (i.e., Good diversification). The correlation of Trust For 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.

Trust For Correlation With Market

Poor diversification

The correlation between Trust For Professional and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trust For Professional and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Trust Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Trust For Professional. 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 Trust Etf

0.98	MUB	iShares National Muni	Pair Corr
0.98	VTEB	Vanguard Tax Exempt	Pair Corr
0.98	FMB	First Trust Managed	Pair Corr
0.97	ITM	VanEck Intermediate Muni	Pair Corr
0.99	DFNM	Dimensional ETF Trust	Pair Corr
0.99	MMIT	IQ MacKay Municipal	Pair Corr
0.97	TAXF	American Century Div	Pair Corr
0.98	JMUB	JPMorgan Municipal	Pair Corr
0.97	MUST	Columbia Multi Sector	Pair Corr
0.95	KORU	Direxion Daily South	Pair Corr
0.91	MUU	Direxion Daily MU	Pair Corr
0.9	MULL	GraniteShares 2x Long	Pair Corr
0.72	GDXU	MicroSectors Gold Miners	Pair Corr
0.92	FNGD	MicroSectors FANG Index	Pair Corr
0.79	JNUG	Direxion Daily Junior	Pair Corr
0.83	NUGT	Direxion Daily Gold	Pair Corr
0.88	BWET	ETF Managers Group	Pair Corr
0.87	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.96	UEVM	VictoryShares Emerging	Pair Corr
0.93	CVMC	Morgan Stanley ETF	Pair Corr
0.97	DXJ	WisdomTree Japan Hedged	Pair Corr
0.87	LALT	Invesco Multi Strategy	Pair Corr
0.97	ESGD	iShares ESG Aware	Pair Corr
0.97	FIDU	Fidelity MSCI Industrials	Pair Corr
0.65	FUTS	Future Science Holdings	Pair Corr
0.91	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.89	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.88	IYR	iShares Real Estate	Pair Corr
0.95	ISTB	iShares Core 1	Pair Corr
0.92	EPU	iShares MSCI Peru	Pair Corr
0.97	SCDV	ETF Series Solutions	Pair Corr
0.94	AVMC	American Century ETF	Pair Corr
0.66	DOO	BRP Inc Symbol Change	Pair Corr
0.96	IOCT	Innovator ETFs Trust	Pair Corr
0.94	DES	WisdomTree SmallCap	Pair Corr
0.88	ITA	iShares Aerospace Defense	Pair Corr

Related Correlations Analysis

	RMOP	FCAL	FMUN	JMHI	HYTR	EDGF	GTEK	SIXL	LDRX	TUG
RMOP		0.63	0.62	0.71	0.3	0.71	0.26	0.61	-0.56	-0.52	RMOP
FCAL	0.63		0.99	0.98	0.85	0.88	0.77	0.96	-0.45	-0.4	FCAL
FMUN	0.62	0.99		0.97	0.86	0.87	0.78	0.96	-0.42	-0.37	FMUN
JMHI	0.71	0.98	0.97		0.79	0.91	0.74	0.93	-0.45	-0.4	JMHI
HYTR	0.3	0.85	0.86	0.79		0.63	0.87	0.8	-0.07	-0.01	HYTR
EDGF	0.71	0.88	0.87	0.91	0.63		0.64	0.86	-0.52	-0.48	EDGF
GTEK	0.26	0.77	0.78	0.74	0.87	0.64		0.7	0.04	0.19	GTEK
SIXL	0.61	0.96	0.96	0.93	0.8	0.86	0.7		-0.5	-0.45	SIXL
LDRX	-0.56	-0.45	-0.42	-0.45	-0.07	-0.52	0.04	-0.5		0.9	LDRX
TUG	-0.52	-0.4	-0.37	-0.4	-0.01	-0.48	0.19	-0.45	0.9		TUG
	RMOP	FCAL	FMUN	JMHI	HYTR	EDGF	GTEK	SIXL	LDRX	TUG

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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

FMUN	+ 0.99	FCAL
JMHI	+ 0.98	FCAL
JMHI	+ 0.97	FMUN
SIXL	+ 0.96	FCAL
SIXL	+ 0.96	FMUN
SIXL	+ 0.93	JMHI

High negative correlations

LDRX	- 0.56	RMOP
LDRX	- 0.52	EDGF
TUG	- 0.52	RMOP
LDRX	- 0.5	SIXL
TUG	- 0.48	EDGF
TUG	- 0.45	SIXL

Trust For Constituents Risk-Adjusted Indicators

There is a big difference between Trust Etf performing well and Trust For 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 Trust For'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
RMOP	0.12	0.03	(0.29)	2.05	0.00	(0.15)	0.28	(0.20)	0.72
FCAL	0.08	0.03	(0.57)	(2.94)	0.00	(0.11)	0.18	(0.12)	0.59
FMUN	0.08	0.03	(0.37)	6.18	0.00	(0.10)	0.24	(0.12)	0.68
JMHI	0.09	0.02	(0.41)	1.04	0.00	(0.10)	0.26	(0.18)	0.66
HYTR	0.11	0.01	(0.37)	0.16	0.00	(0.13)	0.32	(0.23)	0.83
EDGF	0.09	0.00	(0.53)	0.30	0.00	(0.12)	0.20	(0.12)	0.73
GTEK	1.24	0.15	0.10	0.20	1.40	(1.25)	2.65	(2.58)	7.44
SIXL	0.42	0.09	0.06	0.42	0.37	(0.47)	0.98	(0.69)	3.15
LDRX	0.56	(0.05)	(0.08)	0.01	0.77	(0.60)	1.12	(1.29)	3.92
TUG	0.79	(0.03)	(0.04)	0.04	1.08	(0.77)	1.36	(1.89)	5.00

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