Two Roads Correlations

LSAT Etf

USD 38.99 0.48 1.22%

The current 90-days correlation between Two Roads Shared and VanEck Steel ETF is 0.48 (i.e., Very weak 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

Very weak diversification

The correlation between Two Roads Shared and DJI is 0.54 (i.e., Very 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

0.63

FPRO

Fidelity Real Estate

Pair Corr

Moving against Two Etf

0.5	TBXU	Direxion Shares ETF Downward Rally	Pair Corr
0.4	MLPR	ETRACS Quarterly Pay	Pair Corr
0.33	DIG	ProShares Ultra Oil	Pair Corr

Related Correlations Analysis

	SLX	AFMC	INCE	SMDX	CIL	IFGL	BAMD	RIET	XC	BKF
SLX		0.91	0.95	0.86	0.95	0.47	0.07	0.67	0.91	-0.02	SLX
AFMC	0.91		0.94	0.98	0.92	0.55	0.33	0.8	0.8	-0.04	AFMC
INCE	0.95	0.94		0.91	0.96	0.57	0.31	0.81	0.86	-0.08	INCE
SMDX	0.86	0.98	0.91		0.88	0.61	0.44	0.83	0.76	0.01	SMDX
CIL	0.95	0.92	0.96	0.88		0.6	0.22	0.74	0.92	0.1	CIL
IFGL	0.47	0.55	0.57	0.61	0.6		0.58	0.6	0.55	0.39	IFGL
BAMD	0.07	0.33	0.31	0.44	0.22	0.58		0.61	0.03	0.07	BAMD
RIET	0.67	0.8	0.81	0.83	0.74	0.6	0.61		0.6	-0.05	RIET
XC	0.91	0.8	0.86	0.76	0.92	0.55	0.03	0.6		0.3	XC
BKF	-0.02	-0.04	-0.08	0.01	0.1	0.39	0.07	-0.05	0.3		BKF
	SLX	AFMC	INCE	SMDX	CIL	IFGL	BAMD	RIET	XC	BKF

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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

SMDX	+ 0.98	AFMC
CIL	+ 0.96	INCE
INCE	+ 0.95	SLX
CIL	+ 0.95	SLX
INCE	+ 0.94	AFMC
CIL	+ 0.92	AFMC

High negative correlations

BKF	- 0.08	INCE
BKF	- 0.05	RIET
BKF	- 0.04	AFMC
BKF	- 0.02	SLX

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	0.27	0.23	0.29	0.83	(1.20)	2.72	(1.83)	6.84
AFMC	0.74	0.07	0.07	0.15	0.68	(0.79)	1.75	(1.55)	3.90
INCE	0.42	0.06	0.04	0.17	0.27	(0.44)	0.96	(0.77)	2.19
SMDX	0.76	0.06	0.06	0.13	0.76	(0.83)	1.80	(1.62)	4.13
CIL	0.46	0.08	0.08	0.22	0.41	(0.49)	0.95	(0.90)	2.46
IFGL	0.46	0.01	(0.05)	0.09	0.58	(0.45)	0.89	(1.00)	2.38
BAMD	0.53	(0.05)	0.00	(0.03)	0.00	0.00	0.95	(1.18)	3.09
RIET	0.59	0.02	(0.03)	0.13	0.67	(0.65)	1.53	(1.18)	3.41
XC	0.48	0.07	0.05	0.27	0.37	(0.55)	0.97	(0.84)	2.40
BKF	0.59	0.02	(0.03)	0.13	0.52	(0.80)	1.34	(1.02)	3.37

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