Two Roads Correlations

LSAT Etf

USD 39.09 0.01 0.03%

The current 90-days correlation between Two Roads Shared and iShares MSCI BIC is 0.28 (i.e., Modest diversification). The correlation of Two Roads 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.

Two Roads Correlation With Market

Weak diversification

The correlation between Two Roads Shared and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Two Roads Shared and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Two Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Two Roads Shared. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Two Etf

0.62

AXP

American Express

Pair Corr

Moving against Two Etf

0.37

Procter Gamble

Pair Corr

Related Correlations Analysis

	SLX	AFMC	INCE	SMDX	CIL	IFGL	BAMD	RIET	XC	BKF
SLX		0.79	0.79	0.8	0.77	0.68	0.65	0.75	0.71	0.31	SLX
AFMC	0.79		0.95	0.99	0.93	0.87	0.89	0.92	0.86	0.42	AFMC
INCE	0.79	0.95		0.94	0.98	0.94	0.94	0.94	0.94	0.48	INCE
SMDX	0.8	0.99	0.94		0.92	0.85	0.88	0.91	0.84	0.38	SMDX
CIL	0.77	0.93	0.98	0.92		0.97	0.92	0.9	0.96	0.58	CIL
IFGL	0.68	0.87	0.94	0.85	0.97		0.89	0.89	0.96	0.67	IFGL
BAMD	0.65	0.89	0.94	0.88	0.92	0.89		0.92	0.87	0.43	BAMD
RIET	0.75	0.92	0.94	0.91	0.9	0.89	0.92		0.86	0.47	RIET
XC	0.71	0.86	0.94	0.84	0.96	0.96	0.87	0.86		0.68	XC
BKF	0.31	0.42	0.48	0.38	0.58	0.67	0.43	0.47	0.68		BKF
	SLX	AFMC	INCE	SMDX	CIL	IFGL	BAMD	RIET	XC	BKF

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Two Roads Constituents Risk-Adjusted Indicators

There is a big difference between Two Etf performing well and Two Roads 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 Two Roads' 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
SLX	1.03	0.25	0.19	0.29	1.03	(1.15)	2.31	(1.94)	4.69
AFMC	0.74	0.13	0.10	(0.68)	0.71	(0.83)	1.75	(1.55)	3.90
INCE	0.41	0.15	0.24	(5.95)	0.00	(0.46)	0.97	(0.70)	2.19
SMDX	0.68	0.12	0.09	(0.88)	0.72	(0.74)	1.80	(1.37)	4.14
CIL	0.48	0.14	0.17	1.08	0.36	(0.54)	1.02	(0.94)	2.46
IFGL	0.45	0.13	0.14	2.06	0.44	(0.47)	1.03	(1.06)	2.66
BAMD	0.48	0.10	0.12	(1.31)	0.35	(0.57)	1.16	(0.81)	2.77
RIET	0.62	0.11	0.10	(0.72)	0.55	(0.72)	1.43	(1.12)	3.47
XC	0.54	0.10	0.11	1.43	0.47	(0.61)	1.08	(0.84)	3.14
BKF	0.61	0.00	0.00	0.00	0.65	(0.75)	1.37	(1.26)	4.46

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