Trust For Correlations

APMU Etf

25.12 0.03 0.12%

The current 90-days correlation between Trust For Professional and Rockefeller Opportunistic Municipal is 0.6 (i.e., Poor 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

Weak diversification

The correlation between Trust For Professional and DJI is 0.35 (i.e., Weak 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 industry.

Moving together with Trust Etf

0.72	MUB	iShares National Muni	Pair Corr
0.77	VTEB	Vanguard Tax Exempt	Pair Corr
0.67	FMB	First Trust Managed	Pair Corr
0.73	ITM	VanEck Intermediate Muni	Pair Corr
0.75	DFNM	Dimensional ETF Trust	Pair Corr
0.69	MMIT	IQ MacKay Municipal	Pair Corr
0.72	HMOP	Hartford Municipal	Pair Corr
0.73	TAXF	American Century Div	Pair Corr
0.75	JMUB	JPMorgan Municipal	Pair Corr
0.67	MUST	Columbia Multi Sector	Pair Corr
0.64	CALI	iShares Short Term	Pair Corr
0.62	CPSL	Calamos Laddered	Pair Corr
0.61	AXP	American Express	Pair Corr

Moving against Trust Etf

0.55	YCL	ProShares Ultra Yen	Pair Corr
0.5	VXX	iPath Series B	Pair Corr
0.5	VIXY	ProShares VIX Short	Pair Corr
0.37	VIXM	ProShares VIX Mid	Pair Corr
0.32	VXZ	iPath Series B	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.36	MSFT	Microsoft Sell-off Trend	Pair Corr

Related Correlations Analysis

	RMOP	FCAL	FMUN	JMHI	HYTR	EDGF	GTEK	SIXL	LDRX	TUG
RMOP		0.92	0.91	0.87	0.4	0.73	0.0	0.19	0.53	0.4	RMOP
FCAL	0.92		0.94	0.82	0.49	0.7	-0.06	0.24	0.56	0.38	FCAL
FMUN	0.91	0.94		0.85	0.55	0.73	0.01	0.31	0.58	0.45	FMUN
JMHI	0.87	0.82	0.85		0.4	0.74	-0.11	0.21	0.43	0.39	JMHI
HYTR	0.4	0.49	0.55	0.4		0.42	0.29	0.51	0.73	0.58	HYTR
EDGF	0.73	0.7	0.73	0.74	0.42		-0.2	0.43	0.3	0.22	EDGF
GTEK	0.0	-0.06	0.01	-0.11	0.29	-0.2		-0.35	0.66	0.62	GTEK
SIXL	0.19	0.24	0.31	0.21	0.51	0.43	-0.35		0.01	-0.08	SIXL
LDRX	0.53	0.56	0.58	0.43	0.73	0.3	0.66	0.01		0.79	LDRX
TUG	0.4	0.38	0.45	0.39	0.58	0.22	0.62	-0.08	0.79		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	+ 0.94	FCAL
FCAL	+ 0.92	RMOP
FMUN	+ 0.91	RMOP
JMHI	+ 0.87	RMOP
JMHI	+ 0.85	FMUN
JMHI	+ 0.82	FCAL

High negative correlations

SIXL	- 0.35	GTEK
GTEK	- 0.2	EDGF
GTEK	- 0.11	JMHI
TUG	- 0.08	SIXL
GTEK	- 0.06	FCAL
GTEK	- 0.0	RMOP

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	0.13	0.01	(0.33)	0.31	0.00	(0.15)	0.32	(0.28)	0.80
FCAL	0.09	0.00	(0.53)	0.00	0.00	(0.11)	0.21	(0.14)	0.45
FMUN	0.10	0.01	(0.44)	0.73	0.00	(0.11)	0.26	(0.16)	0.62
JMHI	0.10	0.00	(0.47)	0.21	0.03	(0.10)	0.18	(0.22)	0.56
HYTR	0.16	0.00	(0.29)	0.10	0.12	(0.20)	0.33	(0.37)	0.98
EDGF	0.09	(0.01)	(0.62)	(0.12)	0.07	(0.11)	0.24	(0.16)	0.61
GTEK	1.10	0.04	(0.01)	0.33	1.46	(1.10)	2.17	(2.73)	6.28
SIXL	0.45	(0.04)	(0.12)	(0.02)	0.65	(0.48)	1.06	(0.79)	3.40
LDRX	0.60	0.04	(0.03)	0.42	0.77	(0.63)	1.43	(1.35)	3.55
TUG	0.83	(0.04)	(0.03)	0.04	1.19	(0.81)	1.81	(1.95)	4.64

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