Teucrium Corn Correlations

CORN Etf  USD 17.81  0.18  1.02%   
The current 90-days correlation between Teucrium Corn and KraneShares SSE STAR is -0.06 (i.e., Good 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

Good diversification

The correlation between Teucrium Corn and DJI is -0.07 (i.e., 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 population.

Moving together with Teucrium Etf

  0.66DD Dupont De NemoursPairCorr
  0.65CSCO Cisco SystemsPairCorr

Moving against Teucrium Etf

  0.47HUM Humana IncPairCorr
  0.39SHLD Global X DefensePairCorr
  0.39PG Procter GamblePairCorr
  0.56HD Home DepotPairCorr
  0.47HPQ HP IncPairCorr
  0.45T ATT IncPairCorr
  0.37BA BoeingPairCorr

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

UBERMSFT
XOMMRK
XOMF
XOMJPM
MRKF
MRKJPM
  

High negative correlations

MRKUBER
MRKMSFT
XOMUBER
CRMT
TF
XOMMSFT

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  1.36 (0.21) 0.00 (0.14) 0.00 
 2.30 
 13.52 
MSFT  0.91 (0.13) 0.00  1.12  0.00 
 1.78 
 5.08 
UBER  1.55 (0.26) 0.00 (0.16) 0.00 
 3.34 
 10.51 
F  1.48  0.09  0.07  0.15  1.69 
 3.38 
 16.30 
T  0.92 (0.16) 0.00 (0.68) 0.00 
 1.61 
 5.75 
A  1.15 (0.01) 0.01  0.08  1.30 
 2.34 
 6.50 
CRM  1.54  0.08  0.03  0.17  1.96 
 3.66 
 9.91 
JPM  1.08  0.03  0.04  0.11  1.37 
 2.34 
 7.02 
MRK  1.21  0.24  0.17  0.38  1.10 
 3.59 
 8.09 
XOM  0.97  0.12  0.04  0.62  1.00 
 2.10 
 4.99