2x Corn Correlations

CORX Etf

USD 12.10 0.06 0.49%

The current 90-days correlation between 2x Corn ETF and Teucrium Wheat is 0.56 (i.e., Very weak diversification). The correlation of 2x Corn 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.

2x Corn Correlation With Market

Good diversification

The correlation between 2x Corn ETF and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 2x Corn ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CORX Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 2x Corn ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against CORX Etf

0.94	SPIN	Spine Injury Solutions	Pair Corr
0.92	EMC	Global X Funds	Pair Corr
0.84	KONG	Formidable Fortress ETF	Pair Corr
0.7	CEF	Sprott Physical Gold	Pair Corr
0.64	PRME	Prime Medicine, Common	Pair Corr
0.58	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.57	PWRD	TCW Transform Systems Symbol Change	Pair Corr
0.55	JAVA	JPMorgan Active Value	Pair Corr
0.36	NFLX	Netflix	Pair Corr
0.95	SQMX	FT Vest Equity	Pair Corr
0.94	EGLE	Global X Funds	Pair Corr
0.93	QLC	FlexShares Quality Large	Pair Corr
0.93	IWF	iShares Russell 1000	Pair Corr
0.93	NOCT	Innovator Growth 100	Pair Corr
0.93	IWB	iShares Russell 1000	Pair Corr
0.91	FTSM	First Trust Enhanced	Pair Corr
0.85	MMIT	IQ MacKay Municipal	Pair Corr
0.83	MYCJ	SPDR SSGA My2030	Pair Corr
0.82	ZALT	Innovator Equity	Pair Corr
0.7	LPRE	Exchange Listed Funds	Pair Corr
0.67	SWIN	Solowin Holdings Ordinary Earnings Call Today	Pair Corr
0.65	PDBC	Invesco Optimum Yield Sell-off Trend	Pair Corr
0.64	IBHE	iShares iBonds 2025	Pair Corr
0.53	BUFD	FT Cboe Vest	Pair Corr
0.41	JRE	Janus Henderson Real	Pair Corr
0.94	ISPY	ProShares SP 500	Pair Corr
0.93	OPTZ	Optimize Strategy Index	Pair Corr
0.93	VOT	Vanguard Mid Cap	Pair Corr
0.92	HYG	iShares iBoxx High	Pair Corr
0.86	EFG	iShares MSCI EAFE Low Volatility	Pair Corr
0.85	SUSB	iShares ESG 1	Pair Corr
0.82	IGIB	iShares 5 10 Sell-off Trend	Pair Corr
0.77	ARKG	ARK Genomic Revolution Low Volatility	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.82	0.79	0.56	0.92	0.17	0.93	0.21	0.51	META
MSFT	0.97		0.84	0.83	0.51	0.86	0.17	0.95	0.23	0.5	MSFT
UBER	0.82	0.84		0.88	0.41	0.78	0.46	0.85	0.18	0.44	UBER
F	0.79	0.83	0.88		0.42	0.8	0.16	0.89	0.43	0.68	F
T	0.56	0.51	0.41	0.42		0.63	0.11	0.46	0.35	0.27	T
A	0.92	0.86	0.78	0.8	0.63		0.15	0.86	0.36	0.63	A
CRM	0.17	0.17	0.46	0.16	0.11	0.15		0.09	-0.33	-0.21	CRM
JPM	0.93	0.95	0.85	0.89	0.46	0.86	0.09		0.32	0.59	JPM
MRK	0.21	0.23	0.18	0.43	0.35	0.36	-0.33	0.32		0.54	MRK
XOM	0.51	0.5	0.44	0.68	0.27	0.63	-0.21	0.59	0.54		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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.33	CRM
XOM	- 0.21	CRM

2x Corn Competition Risk-Adjusted Indicators

There is a big difference between CORX Etf performing well and 2x Corn 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 2x Corn'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	1.47	0.27	0.25	0.41	0.82	(1.79)	3.99	(2.00)	10.48
MSFT	0.84	0.33	0.36	0.63	0.00	(1.04)	2.33	(1.03)	8.85
UBER	1.60	0.05	0.05	0.25	1.44	(1.99)	4.19	(2.54)	10.87
F	1.29	0.10	0.04	0.33	1.40	(1.40)	2.69	(2.33)	7.46
T	1.00	(0.02)	(0.12)	0.14	1.30	(1.05)	2.35	(2.35)	5.71
A	1.53	(0.10)	0.02	0.14	1.77	(1.61)	2.82	(2.89)	14.01
CRM	1.30	(0.17)	(0.04)	0.09	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.88	0.19	0.16	0.40	0.54	(1.01)	2.25	(1.31)	6.03
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
XOM	1.10	(0.01)	(0.10)	0.16	1.39	(1.07)	2.18	(2.58)	6.28

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