Toroso Investments Correlations

SHFT Etf

USD 14.71 0.06 0.41%

The current 90-days correlation between Toroso Investments and Toroso Investments is 0.12 (i.e., Average diversification). The correlation of Toroso Investments 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.

Toroso Investments Correlation With Market

Significant diversification

The correlation between Toroso Investments and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toroso Investments and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Toroso Etf

0.65	IPAY	Amplify ETF Trust	Pair Corr
0.63	EVUS	iShares ESG Aware	Pair Corr
0.74	XOP	SPDR SP Oil	Pair Corr
0.61	VBK	Vanguard Small Cap	Pair Corr
0.67	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against Toroso Etf

0.64	BITI	ProShares Trust	Pair Corr
0.62	ICLN	iShares Global Clean	Pair Corr
0.62	TAN	Invesco Solar ETF	Pair Corr
0.61	MJ	Amplify ETF Trust	Pair Corr
0.61	HART	IQ Healthy Hearts	Pair Corr
0.6	ACES	ALPS Clean Energy	Pair Corr
0.59	MSOS	AdvisorShares Pure Buyout Trend	Pair Corr
0.39	GREI	Goldman Sachs Future	Pair Corr
0.65	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.6	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.49	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.38	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.42	-0.28	-0.21	0.51	0.28	0.65	0.43	-0.4	0.02	META
MSFT	0.42		-0.49	-0.08	0.36	0.16	0.29	0.17	0.1	-0.72	MSFT
UBER	-0.28	-0.49		0.09	-0.7	0.11	-0.59	-0.46	0.4	0.47	UBER
F	-0.21	-0.08	0.09		0.18	-0.47	0.26	0.51	-0.32	0.33	F
T	0.51	0.36	-0.7	0.18		-0.29	0.88	0.85	-0.72	-0.17	T
A	0.28	0.16	0.11	-0.47	-0.29		-0.26	-0.46	0.57	-0.08	A
CRM	0.65	0.29	-0.59	0.26	0.88	-0.26		0.92	-0.83	0.03	CRM
JPM	0.43	0.17	-0.46	0.51	0.85	-0.46	0.92		-0.87	0.11	JPM
MRK	-0.4	0.1	0.4	-0.32	-0.72	0.57	-0.83	-0.87		-0.25	MRK
XOM	0.02	-0.72	0.47	0.33	-0.17	-0.08	0.03	0.11	-0.25		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

JPM	+ 0.92	CRM
CRM	+ 0.88	T
JPM	+ 0.85	T
CRM	+ 0.65	META
MRK	+ 0.57	A
T	+ 0.51	META

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.83	CRM
MRK	- 0.72	T
XOM	- 0.72	MSFT
T	- 0.7	UBER
CRM	- 0.59	UBER

Toroso Investments Competition Risk-Adjusted Indicators

There is a big difference between Toroso Etf performing well and Toroso Investments 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 Toroso Investments' 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	1.15	0.21	0.11	0.55	1.25	(1.33)	3.22	(1.87)	8.02
MSFT	0.84	0.02	(0.01)	0.12	1.45	(0.79)	1.83	(1.57)	8.14
UBER	1.83	(0.28)	0.00	(0.13)	0.00	0.00	2.69	(5.35)	20.41
F	1.36	(0.13)	(0.04)	0.00	2.10	(1.41)	2.53	(2.79)	11.21
T	0.97	0.15	0.06	2.52	1.02	(1.08)	2.36	(1.99)	6.74
A	1.22	0.00	(0.04)	0.09	1.46	(1.30)	2.71	(2.41)	9.02
CRM	1.47	0.40	0.29	0.38	1.04	(1.72)	3.59	(1.93)	13.87
JPM	1.01	0.08	0.13	0.13	0.94	(1.19)	1.73	(1.42)	15.87
MRK	0.96	(0.20)	0.00	(0.82)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.89	(0.02)	(0.07)	0.02	1.18	(0.97)	1.83	(1.96)	6.06

Toroso Investments Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Toroso Investments etf to make a market-neutral strategy. Peer analysis of Toroso Investments could also be used in its relative valuation, which is a method of valuing Toroso Investments by comparing valuation metrics with similar companies.

Toroso Investments Toroso Investments Toroso Investments Toroso Investments FT Vest Equity Zillow Group Class Northern Lights VanEck Vectors Moodys BZDYF American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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