2x Corn Correlations

CORX Etf

USD 10.36 0.25 2.36%

The current 90-days correlation between 2x Corn ETF and Teucrium Wheat is 0.64 (i.e., Poor 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 -0.12 (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 real.

Moving together with CORX Etf

0.7

GRI

GRI Bio

Pair Corr

Moving against CORX Etf

0.4	HUM	Humana Inc	Pair Corr
0.32	PLTY	YieldMax PLTR Option	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.25	0.08	-0.01	0.63	-0.18	-0.58	0.09	-0.34	-0.22	META
MSFT	0.25		-0.14	-0.15	-0.4	0.05	-0.35	0.1	-0.11	-0.32	MSFT
UBER	0.08	-0.14		0.81	0.11	0.63	-0.42	0.67	0.38	0.64	UBER
F	-0.01	-0.15	0.81		0.09	0.74	-0.41	0.6	0.61	0.61	F
T	0.63	-0.4	0.11	0.09		-0.19	-0.23	0.13	-0.18	0.02	T
A	-0.18	0.05	0.63	0.74	-0.19		-0.34	0.66	0.74	0.57	A
CRM	-0.58	-0.35	-0.42	-0.41	-0.23	-0.34		-0.34	-0.16	0.02	CRM
JPM	0.09	0.1	0.67	0.6	0.13	0.66	-0.34		0.19	0.7	JPM
MRK	-0.34	-0.11	0.38	0.61	-0.18	0.74	-0.16	0.19		0.25	MRK
XOM	-0.22	-0.32	0.64	0.61	0.02	0.57	0.02	0.7	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

F	+ 0.81	UBER
A	+ 0.74	F
MRK	+ 0.74	A
XOM	+ 0.7	JPM
JPM	+ 0.67	UBER
JPM	+ 0.66	A

High negative correlations

CRM	- 0.58	META
CRM	- 0.42	UBER
CRM	- 0.41	F
T	- 0.4	MSFT
CRM	- 0.35	MSFT
JPM	- 0.34	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	1.29	(0.05)	0.00	(0.05)	0.00	0.00	2.18	(2.32)	14.28
MSFT	0.76	0.02	0.01	0.06	0.95	(0.75)	1.86	(1.64)	6.50
UBER	1.45	(0.05)	0.00	(0.06)	0.00	0.00	3.62	(3.30)	8.86
F	1.19	(0.07)	0.00	(0.03)	0.00	0.00	2.98	(2.20)	9.82
T	0.84	(0.09)	0.00	(1.25)	0.00	0.00	1.73	(2.32)	6.47
A	1.55	0.12	0.08	0.08	1.65	(1.71)	3.82	(2.59)	10.12
CRM	1.35	(0.15)	0.00	(0.12)	0.00	0.00	2.32	(3.30)	8.74
JPM	0.74	0.05	0.04	0.07	0.99	(0.75)	1.67	(1.51)	4.93
MRK	1.30	0.04	0.02	0.05	1.42	(1.41)	2.91	(2.57)	8.77
XOM	0.92	(0.05)	0.00	(0.10)	0.00	0.00	1.72	(2.42)	4.70

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