Two Roads Correlations

Etfs . USA . 
Etf . Two Roads Shared
LSAT Etf  USD 40.21  0.22  0.54%   
The current 90-days correlation between Two Roads Shared and iShares MSCI BIC is 0.24 (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

Poor diversification

The correlation between Two Roads Shared and DJI is 0.68 (i.e., Poor 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

  0.7VOE Vanguard Mid CapPairCorr
  0.65SDY SPDR SP DividendPairCorr
  0.67DVY iShares Select DividendPairCorr
  0.69IWS iShares Russell MidPairCorr
  0.67FVD First Trust ValuePairCorr
  0.72SPYD SPDR Portfolio SPPairCorr
  0.72COWZ Pacer Cash CowsPairCorr
  0.73IJJ iShares SP MidPairCorr
  0.75DON WisdomTree MidCapPairCorr
  0.73RPV Invesco SP 500PairCorr
  0.74PXMV Invesco SP MidCapPairCorr
  0.7IGA Voya Global AdvantagePairCorr
  0.65NCPB Nuveen Core PlusPairCorr
  0.62TAXT Northern Trust TaxPairCorr
  0.67BMVP Invesco Bloomberg MVPPairCorr
  0.67LVHI Franklin InternationalPairCorr
  0.63FIDU Fidelity MSCI IndustrialsPairCorr
  0.63IRTR iShares TrustPairCorr

Moving against Two Etf

  0.47PLT Defiance Leveraged LongPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SLX  1.10  0.30  0.24  0.37  0.88 
(1.31)
 2.74 
(1.96)
 5.99 
AFMC  0.72  0.11  0.14  0.18  0.55 
(0.79)
 1.95 
(1.47)
 4.15 
INCE  0.42  0.15  0.21  0.35  0.00 
(0.46)
 1.07 
(0.74)
 2.18 
SMDX  0.69  0.13  0.15  0.20  0.51 
(0.77)
 1.80 
(1.36)
 4.14 
CIL  0.46  0.13  0.10  4.60  0.34 
(0.53)
 1.02 
(0.94)
 2.46 
IFGL  0.48  0.14  0.15  0.41  0.30 
(0.54)
 1.04 
(0.91)
 2.66 
BAMD  0.53  0.11  0.12  0.35  0.30 
(0.62)
 1.27 
(0.81)
 2.77 
RIET  0.58  0.06  0.03  0.22  0.59 
(0.64)
 1.06 
(1.13)
 3.58 
XC  0.58  0.07  0.05  0.21  0.52 
(0.65)
 1.41 
(0.94)
 3.14 
BKF  0.62 (0.04)(0.09) 0.00  0.74 
(0.69)
 1.17 
(1.33)
 4.46 

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