Teucrium Corn Correlations

CORN Etf  USD 17.44  0.01  0.06%   
The current 90-days correlation between Teucrium Corn and YieldMax BABA Option is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teucrium Corn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teucrium Corn moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Teucrium Corn Correlation With Market

Very good diversification

The correlation between Teucrium Corn and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teucrium Corn and DJI in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Teucrium Corn. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving against Teucrium Etf

  0.68SLV iShares Silver TrustPairCorr
  0.68SIVR abrdn Physical SilverPairCorr
  0.67GLTR abrdn Physical PreciousPairCorr
  0.62GLD SPDR Gold SharesPairCorr
  0.62SGOL abrdn Physical GoldPairCorr
  0.62IAUM iShares Gold TrustPairCorr
  0.6IAU iShares Gold TrustPairCorr
  0.6GLDM SPDR Gold MiniPairCorr
  0.6VTV Vanguard Value IndexPairCorr
  0.55VO Vanguard Mid CapPairCorr
  0.49USO United States OilPairCorr
  0.43VTI Vanguard Total StockPairCorr
  0.38IVV iShares Core SPPairCorr
  0.37SPY SPDR SP 500PairCorr
  0.37BND Vanguard Total Bond Sell-off TrendPairCorr
  0.67PFF iShares Preferred Sell-off TrendPairCorr
  0.65VB Vanguard Small CapPairCorr
  0.65CHPS Xtrackers SemiconductorPairCorr
  0.63TAXT Northern Trust TaxPairCorr
  0.63DMCY Democracy InternationalPairCorr
  0.62VWO Vanguard FTSE EmergingPairCorr
  0.62TLCI Touchstone ETF TrustPairCorr
  0.61REGL ProShares SP MidCapPairCorr
  0.6VEA Vanguard FTSE DevelopedPairCorr
  0.6PCEM Litman Gregory FundsPairCorr
  0.55FB ProShares Trust ProSharesPairCorr
  0.55PSFD Pacer Swan SOSPairCorr
  0.53SPVM Invesco SP 500PairCorr
  0.53NCPB Nuveen Core PlusPairCorr
  0.5UDI USCF ETF TrustPairCorr
  0.36GPT Intelligent Alpha Atlas Symbol ChangePairCorr
  0.66CCNR CoreCommodity NaturalPairCorr
  0.66FIDU Fidelity MSCI IndustrialsPairCorr
  0.66PFFA Virtus InfraCap PreferredPairCorr
  0.64BMVP Invesco Bloomberg MVPPairCorr
  0.62STXE EA Series TrustPairCorr
  0.6EURL Direxion Daily FTSEPairCorr

Related Correlations Analysis


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

XOMMRK
CRMMSFT
UBERMSFT
AUBER
AMSFT
MRKF
  

High negative correlations

XOMMSFT
MRKMSFT
XOMCRM
MRKUBER
XOMA
CRMT

Teucrium Corn Constituents Risk-Adjusted Indicators

There is a big difference between Teucrium Etf performing well and Teucrium Corn 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 Teucrium Corn'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.50  0.02  0.00  0.07  1.52 
 3.43 
 13.69 
MSFT  1.32 (0.38) 0.00 (1.03) 0.00 
 1.90 
 13.28 
UBER  1.51 (0.44) 0.00 (0.83) 0.00 
 2.41 
 11.09 
F  1.21  0.07  0.05  0.13  1.18 
 3.34 
 7.16 
T  1.00  0.21  0.17  6.48  0.77 
 3.87 
 5.31 
A  1.25 (0.33) 0.00 (0.22) 0.00 
 2.90 
 7.85 
CRM  1.71 (0.45) 0.00 (0.42) 0.00 
 2.94 
 12.37 
JPM  1.27 (0.10) 0.00 (0.02) 0.00 
 2.34 
 7.38 
MRK  1.29  0.43  0.31  0.78  1.00 
 2.93 
 8.74 
XOM  1.25  0.32  0.20  1.60  1.14 
 2.68 
 6.83