TrueShares Technology Correlations

Etfs . USA . 
Etf . TrueShares Technology AI
LRNZ Etf  USD 42.22  0.60  1.40%   
The current 90-days correlation between TrueShares Technology and Franklin Disruptive Commerce is 0.74 (i.e., Poor diversification). The correlation of TrueShares Technology 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 Technology Correlation With Market

Poor diversification

The correlation between TrueShares Technology AI and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TrueShares Technology AI and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in TrueShares Technology AI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with TrueShares Etf

  0.94VGT Vanguard InformationPairCorr
  0.9XLK Technology Select SectorPairCorr
  0.93IYW iShares Technology ETFPairCorr
  0.67SMH VanEck Semiconductor ETFPairCorr
  0.94CIBR First Trust NASDAQPairCorr
  0.94FTEC Fidelity MSCI InformationPairCorr
  0.92IGV iShares Expanded Tech Low VolatilityPairCorr
  0.93FDN First Trust DowPairCorr
  0.93IGM iShares Expanded TechPairCorr
  0.77DIG ProShares Ultra OilPairCorr
  0.73MLPR ETRACS Quarterly PayPairCorr
  0.78USD ProShares Ultra SemiPairCorr
  0.87ATMP Barclays ETN Select Low VolatilityPairCorr
  0.79AMZA InfraCap MLP ETFPairCorr
  0.79YCS ProShares UltraShort YenPairCorr
  0.78TBT ProShares UltraShortPairCorr
  0.75CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.85BAC Bank of America Aggressive PushPairCorr
  0.85CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.8JPM JPMorgan Chase Sell-off TrendPairCorr
  0.88CSCO Cisco Systems Aggressive PushPairCorr
  0.81INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.65T ATT Inc Aggressive PushPairCorr
  0.87HPQ HP IncPairCorr
  0.92AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Moving against TrueShares Etf

  0.52NRGU Bank Of MontrealPairCorr
  0.76MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.73KO Coca Cola Sell-off TrendPairCorr
  0.62PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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TrueShares Technology Constituents Risk-Adjusted Indicators

There is a big difference between TrueShares Etf performing well and TrueShares Technology 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 Technology'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.

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