TrueShares Structured Correlations

DECZ Etf

USD 40.64 0.03 0.07%

The current 90-days correlation between TrueShares Structured and Pacer Swan SOS is 0.89 (i.e., Very poor diversification). The correlation of TrueShares Structured 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.

TrueShares Structured Correlation With Market

Poor diversification

The correlation between TrueShares Structured Outcome and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TrueShares Structured Outcome and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TrueShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TrueShares Structured Outcome. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with TrueShares Etf

0.81	INOV	Innovator ETFs Trust	Pair Corr
0.91	BUFR	First Trust Cboe	Pair Corr
0.89	BUFD	FT Cboe Vest	Pair Corr
0.93	PSEP	Innovator SP 500	Pair Corr
0.83	PJAN	Innovator SP 500	Pair Corr
0.91	PJUL	Innovator SP 500	Pair Corr
0.92	PAUG	Innovator Equity Power	Pair Corr
0.74	DNOV	FT Cboe Vest	Pair Corr
0.84	PMAY	Innovator SP 500	Pair Corr
0.86	ACII	Innovator ETFs Trust	Pair Corr
0.72	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.72	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.7	KORU	Direxion Daily South	Pair Corr
0.65	AGQ	ProShares Ultra Silver Downward Rally	Pair Corr
0.88	GQI	Natixis ETF Trust	Pair Corr
0.8	VYM	Vanguard High Dividend	Pair Corr
0.88	SMH	VanEck Semiconductor ETF	Pair Corr
0.75	MEM	MAYBANK EMERGING ETF	Pair Corr
0.78	AVUV	Avantis Small Cap	Pair Corr
0.73	PDBC	Invesco Optimum Yield	Pair Corr
0.81	DDX	Defined Duration Symbol Change	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.82	EFA	iShares MSCI EAFE	Pair Corr
0.86	CEFZ	RiverNorth Active Income	Pair Corr
0.66	JPIE	JP Morgan Exchange	Pair Corr
0.64	PAPI	Morgan Stanley ETF	Pair Corr
0.93	SPUT	Innovator ETFs Trust	Pair Corr
0.95	HEGD	Swan Hedged Equity	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.32	-0.39	0.24	-0.24	0.43	-0.19	-0.35	-0.43	META
MSFT	0.6		0.8	-0.55	0.48	0.06	0.13	-0.45	-0.84	-0.7	MSFT
UBER	0.32	0.8		-0.49	0.44	0.32	-0.14	-0.5	-0.81	-0.54	UBER
F	-0.39	-0.55	-0.49		-0.71	0.09	0.24	0.66	0.71	0.73	F
T	0.24	0.48	0.44	-0.71		0.32	-0.45	-0.6	-0.51	-0.64	T
A	-0.24	0.06	0.32	0.09	0.32		-0.5	-0.26	-0.06	-0.09	A
CRM	0.43	0.13	-0.14	0.24	-0.45	-0.5		0.52	0.11	0.02	CRM
JPM	-0.19	-0.45	-0.5	0.66	-0.6	-0.26	0.52		0.64	0.52	JPM
MRK	-0.35	-0.84	-0.81	0.71	-0.51	-0.06	0.11	0.64		0.79	MRK
XOM	-0.43	-0.7	-0.54	0.73	-0.64	-0.09	0.02	0.52	0.79		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

UBER	+ 0.8	MSFT
XOM	+ 0.79	MRK
XOM	+ 0.73	F
MRK	+ 0.71	F
JPM	+ 0.66	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.81	UBER
T	- 0.71	F
XOM	- 0.7	MSFT
XOM	- 0.64	T
JPM	- 0.6	T

TrueShares Structured Constituents Risk-Adjusted Indicators

There is a big difference between TrueShares Etf performing well and TrueShares Structured 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 TrueShares Structured'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	1.32	(0.28)	0.00	(0.20)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.94	(0.21)	0.00	(0.38)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.46	(0.23)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.13	0.12	0.18	1.27	(1.72)	3.38	(2.35)	16.30
T	0.89	(0.18)	0.00	(0.42)	0.00	0.00	1.53	(1.85)	4.30
A	1.14	(0.09)	(0.05)	0.02	1.39	(1.20)	2.34	(2.22)	6.50
CRM	1.57	(0.16)	0.00	(0.06)	0.00	0.00	3.66	(2.92)	12.37
JPM	1.12	(0.07)	(0.02)	0.04	1.59	(1.13)	2.00	(2.34)	7.38
MRK	1.23	0.32	0.23	0.44	1.01	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.23	0.12	2.92	0.98	(1.24)	2.37	(1.51)	5.82

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