Capitol Series Correlations

HTUS Etf  USD 40.40  0.05  0.12%   
The current 90-days correlation between Capitol Series Trust and First Trust LongShort is 0.77 (i.e., Poor diversification). The correlation of Capitol Series 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.

Capitol Series Correlation With Market

Poor diversification

The correlation between Capitol Series Trust and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capitol Series Trust and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Capitol Series Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Capitol Etf

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Moving against Capitol Etf

  0.59CCOR Core Alternative ETFPairCorr
  0.68MCD McDonaldsPairCorr
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Related Correlations Analysis

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Capitol Series Constituents Risk-Adjusted Indicators

There is a big difference between Capitol Etf performing well and Capitol Series 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 Capitol Series' 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.