TrueShares Structured Correlations

SEPZ Etf  USD 38.97  0.15  0.38%   
The current 90-days correlation between TrueShares Structured and FT Cboe Vest is 0.98 (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

Weak diversification

The correlation between TrueShares Structured Outcome and DJI is 0.33 (i.e., Weak 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrueShares Structured Outcome. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with TrueShares Etf

  0.91BUFR First Trust CboePairCorr
  0.88BUFD FT Cboe VestPairCorr
  0.93PSEP Innovator SP 500PairCorr
  0.93PJUL Innovator SP 500PairCorr
  0.92PAUG Innovator Equity PowerPairCorr
  0.86DNOV FT Cboe VestPairCorr
  0.79PMAY Innovator SP 500PairCorr
  0.87PJUN Innovator SP 500PairCorr
  0.66WGMI Valkyrie Bitcoin MinersPairCorr
  0.73CSCO Cisco SystemsPairCorr
  0.73IBM International Business Tech BoostPairCorr
  0.66JPM JPMorgan ChasePairCorr
  0.73BAC Bank of AmericaPairCorr
  0.72WMT Walmart Aggressive PushPairCorr
  0.68DIS Walt Disney Earnings Call This WeekPairCorr

Moving against TrueShares Etf

Related Correlations Analysis

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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   
XOMF
XOMUBER
AMETA
JPMA
CRMT
FUBER
  
High negative correlations   
CRMUBER
XOMMETA
MRKJPM
FMETA
XOMMSFT
UBERMSFT

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.41  0.26  0.13  0.73  1.40 
 3.43 
 7.43 
MSFT  1.12 (0.03) 0.00 (0.42) 0.00 
 2.20 
 7.31 
UBER  1.56 (0.23) 0.00 (3.08) 0.00 
 2.67 
 12.29 
F  1.47 (0.18) 0.00 (0.20) 0.00 
 2.57 
 11.21 
T  1.00  0.10  0.04  0.30  1.08 
 1.91 
 7.94 
A  1.20  0.19  0.11  0.48  1.06 
 2.92 
 8.06 
CRM  1.51  0.34  0.15  2.71  1.42 
 3.70 
 14.80 
JPM  1.05  0.25  0.15  0.96  1.05 
 1.92 
 15.87 
MRK  1.03 (0.11) 0.00 (0.43) 0.00 
 2.00 
 5.24 
XOM  0.82 (0.16) 0.00 (0.28) 0.00 
 1.71 
 6.06