TrueShares Structured Correlations

MAYZ Etf

USD 32.23 -0.08 -0.25%

Current 90-days correlation between TrueShares Structured and Pacer CFRA Stovall Equal is 0.68 (i.e., Poor 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.

Correlation With Market: TrueShares Structured

Poor diversification

For the present investment horizon, the measured correlation between MAYZ and DJI stands at 0.76, or Poor diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build portfolio with TrueShares Etf

Use Correlation Analysis to explore diversified allocation structure. Understanding allocation structure supports portfolio context. The overall portfolio profile is shaped by the distribution of its holdings. The holding in TrueShares Structured Outcome represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. All metrics are derived from available inputs and shown for reference. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with TrueShares Etf

0.68	BUFR	First Trust Cboe	Pair Corr
0.64	BUFD	FT Cboe Vest	Pair Corr
0.72	PSEP	Innovator SAMPP 500	Pair Corr
0.75	PJAN	Innovator SAMPP 500	Pair Corr
0.62	PJUL	Innovator SAMPP 500	Pair Corr
0.68	PAUG	Innovator Equity Power	Pair Corr
0.79	DNOV	FT Cboe Vest	Pair Corr
0.76	SIXD	AIM ETF Products	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr

Moving against TrueShares Etf

0.89	VIXM	ProShares VIX Mid Low Volatility	Pair Corr
0.8	VXX	iPath Series B Buyout Trend	Pair Corr
0.8	VIXY	ProShares VIX Short Buyout Trend	Pair Corr
0.8	VXZ	iPath Series B Low Volatility	Pair Corr
0.54	VZ	Verizon Communications	Pair Corr
0.54	CVX	Chevron Corp	Pair Corr
0.47	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	T	ATT Inc Aggressive Push	Pair Corr
0.37	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.17	0.04	0.36	-0.06	0.23	0.1	0.35	-0.16	-0.17	META
MSFT	0.17		0.83	0.23	-0.92	0.83	0.96	0.66	-0.88	-0.95	MSFT
UBER	0.04	0.83		0.16	-0.89	0.8	0.8	0.51	-0.76	-0.78	UBER
F	0.36	0.23	0.16		-0.25	0.61	0.14	0.57	-0.01	-0.33	F
T	-0.06	-0.92	-0.89	-0.25		-0.84	-0.87	-0.55	0.85	0.88	T
A	0.23	0.83	0.8	0.61	-0.84		0.78	0.81	-0.67	-0.87	A
CRM	0.1	0.96	0.8	0.14	-0.87	0.78		0.68	-0.88	-0.95	CRM
JPM	0.35	0.66	0.51	0.57	-0.55	0.81	0.68		-0.47	-0.74	JPM
MRK	-0.16	-0.88	-0.76	-0.01	0.85	-0.67	-0.88	-0.47		0.87	MRK
XOM	-0.17	-0.95	-0.78	-0.33	0.88	-0.87	-0.95	-0.74	0.87		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.96	MSFT
XOM	+ 0.88	T
XOM	+ 0.87	MRK
MRK	+ 0.85	T
UBER	+ 0.83	MSFT
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.95	CRM
XOM	- 0.95	MSFT
T	- 0.92	MSFT
T	- 0.89	UBER
MRK	- 0.88	CRM
MRK	- 0.88	MSFT

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	1.51	-0.02	0.00	-0.12	0.00	0.00	2.33	-2.82	14.24
MSFT	1.27	-0.27	0.00	-0.62	0.00	0.00	2.19	-2.87	13.28
UBER	1.54	-0.20	0.00	0.60	0.00	0.00	3.18	-3.60	11.09
F	1.34	-0.13	0.00	-0.21	0.00	0.00	3.61	-3.07	10.01
T	1.12	0.23	0.24	-1.20	1.13	-1.24	3.87	-1.92	8.53
A	1.22	-0.25	0.00	-0.35	0.00	0.00	2.48	-3.01	7.20
CRM	1.79	-0.32	0.00	-0.61	0.00	0.00	3.41	-4.75	9.78
JPM	1.11	-0.03	0.00	-0.12	0.00	0.00	2.02	-2.63	8.17
MRK	1.13	0.27	0.22	0.46	1.22	-1.26	2.54	-1.98	7.29
XOM	1.31	0.48	0.36	8.37	1.14	-1.50	2.90	-2.44	6.83

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