STRATS SM Correlations

GJP Stock

USD 24.99 0.10 0.40%

The current 90-days correlation between STRATS SM Trust and STRATS SM Trust is -0.06 (i.e., Good diversification). The correlation of STRATS SM 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.

STRATS SM Correlation With Market

Good diversification

The correlation between STRATS SM Trust and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STRATS SM Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in STRATS SM Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving against STRATS Stock

0.36	HTFB	Horizon Technology	Pair Corr
0.35	AGMH	AGM Group Holdings	Pair Corr

Related Correlations Analysis

	GJT	GJR	GJS	GJO	GJH
GJT		0.07	0.32	-0.35	0.45	GJT
GJR	0.07		-0.18	-0.02	0.08	GJR
GJS	0.32	-0.18		-0.12	0.48	GJS
GJO	-0.35	-0.02	-0.12		-0.38	GJO
GJH	0.45	0.08	0.48	-0.38		GJH
	GJT	GJR	GJS	GJO	GJH

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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

GJH	+ 0.48	GJS
GJH	+ 0.45	GJT
GJS	+ 0.32	GJT
GJH	+ 0.08	GJR
GJR	+ 0.07	GJT

High negative correlations

GJH	- 0.38	GJO
GJO	- 0.35	GJT
GJS	- 0.18	GJR
GJO	- 0.12	GJS
GJO	- 0.02	GJR

Risk-Adjusted Indicators

There is a big difference between STRATS Stock performing well and STRATS SM Company 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 STRATS SM'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
GJT	0.64	0.02	(0.09)	1.79	0.79	(0.91)	1.55	(1.62)	4.23
GJR	0.46	(0.03)	0.00	0.80	0.00	0.00	0.93	(1.13)	4.23
GJS	0.45	0.01	(0.09)	0.19	0.62	(0.62)	1.06	(1.49)	3.37
GJO	0.47	0.01	(0.12)	0.05	0.72	(0.71)	0.97	(1.31)	4.51
GJH	0.36	0.06	(0.06)	0.82	0.30	(0.64)	1.02	(1.02)	2.95

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