TrueShares Structured Correlations
| SEPZ Etf | USD 42.66 0.15 0.35% |
The current 90-days correlation between TrueShares Structured and Global X Nasdaq is 0.92 (i.e., Almost no diversification). The correlation of TrueShares Structured 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 Structured Correlation With Market
Very poor diversification
The correlation between TrueShares Structured Outcome and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TrueShares Structured Outcome and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with TrueShares Etf
| 0.8 | INOV | Innovator ETFs Trust | PairCorr |
| 0.91 | BUFR | First Trust Cboe | PairCorr |
| 0.89 | BUFD | FT Cboe Vest | PairCorr |
| 0.93 | PSEP | Innovator SP 500 | PairCorr |
| 0.83 | PJAN | Innovator SP 500 | PairCorr |
| 0.91 | PJUL | Innovator SP 500 | PairCorr |
| 0.92 | PAUG | Innovator Equity Power | PairCorr |
| 0.71 | DNOV | FT Cboe Vest | PairCorr |
| 0.81 | PMAY | Innovator SP 500 | PairCorr |
| 0.81 | ACII | Innovator ETFs Trust | PairCorr |
| 0.86 | CPST | Calamos ETF Trust | PairCorr |
| 0.84 | ITDD | iShares Trust | PairCorr |
| 0.7 | FLXR | TCW ETF Trust | PairCorr |
| 0.63 | DIS | Walt Disney Earnings Call Tomorrow | PairCorr |
| 0.63 | INTC | Intel Aggressive Push | PairCorr |
| 0.61 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
Moving against TrueShares Etf
Related Correlations Analysis
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
| High negative correlations
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TrueShares Structured Constituents Risk-Adjusted Indicators
There is a big difference between TrueShares Etf performing well and TrueShares Structured 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 Structured'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.60 | 0.02 | 0.00 | (0.36) | 2.40 | 3.43 | 13.02 | |||
| MSFT | 1.23 | (0.32) | 0.00 | (1.41) | 0.00 | 1.85 | 13.28 | |||
| UBER | 1.46 | (0.30) | 0.00 | (0.36) | 0.00 | 2.46 | 10.23 | |||
| F | 1.28 | 0.03 | 0.00 | 0.26 | 1.46 | 3.38 | 7.16 | |||
| T | 0.96 | 0.05 | 0.02 | 0.23 | 1.04 | 1.85 | 3.77 | |||
| A | 1.19 | (0.17) | 0.00 | (0.37) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.54 | (0.30) | 0.00 | (0.25) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.09 | (0.03) | (0.01) | 0.01 | 1.67 | 1.88 | 7.38 | |||
| MRK | 1.28 | 0.33 | 0.24 | 0.50 | 1.13 | 3.59 | 8.09 | |||
| XOM | 1.08 | 0.31 | 0.23 | 3.83 | 0.95 | 2.38 | 5.82 |