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.
Moving together with Capitol Etf
0.99 | ACIO | Aptus Collared Income | PairCorr |
0.99 | ADME | Aptus Drawdown Managed | PairCorr |
0.98 | SWAN | Amplify BlackSwan Growth | PairCorr |
0.79 | PHDG | Invesco SP 500 | PairCorr |
0.99 | MSTB | ETF Series Solutions | PairCorr |
0.97 | HEGD | Swan Hedged Equity | PairCorr |
0.91 | VAMO | Cambria Value | PairCorr |
0.99 | HEQT | Simplify Exchange Traded | PairCorr |
0.98 | GTR | WisdomTree Target Range | PairCorr |
0.62 | AMPD | Tidal ETF Services | PairCorr |
0.69 | PMBS | PIMCO Mortgage Backed | PairCorr |
0.99 | ITDD | iShares Trust | PairCorr |
0.92 | VABS | Virtus Newfleet ABSMBS | PairCorr |
0.78 | HIDE | Alpha Architect High | PairCorr |
0.98 | BUFD | FT Cboe Vest | PairCorr |
0.85 | VBF | Invesco Van Kampen | PairCorr |
0.82 | KGRN | KraneShares MSCI China | PairCorr |
0.73 | EUSB | iShares Trust | PairCorr |
0.95 | DIS | Walt Disney | PairCorr |
0.97 | BAC | Bank of America | PairCorr |
0.92 | IBM | International Business Earnings Call This Week | PairCorr |
0.91 | MMM | 3M Company | PairCorr |
0.91 | DD | Dupont De Nemours | PairCorr |
0.98 | CAT | Caterpillar | PairCorr |
0.97 | AXP | American Express | PairCorr |
0.98 | JPM | JPMorgan Chase | PairCorr |
0.95 | CSCO | Cisco Systems | PairCorr |
0.91 | AA | Alcoa Corp | PairCorr |
0.88 | PFE | Pfizer Inc | PairCorr |
0.93 | BA | Boeing | PairCorr |
Moving against Capitol Etf
0.59 | CCOR | Core Alternative ETF | PairCorr |
0.68 | MCD | McDonalds | PairCorr |
0.54 | PG | Procter Gamble | PairCorr |
0.4 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FTLS | 0.41 | 0.02 | (0.09) | 0.17 | 0.35 | 0.88 | 2.36 | |||
GMOM | 0.39 | 0.09 | (0.06) | 2.71 | 0.33 | 0.95 | 2.45 | |||
GAA | 0.40 | 0.09 | (0.03) | 0.56 | 0.33 | 0.89 | 2.56 | |||
HDG | 0.24 | 0.04 | (0.18) | 0.27 | 0.00 | 0.59 | 1.70 | |||
HFXI | 0.58 | 0.10 | 0.07 | 0.30 | 0.40 | 1.32 | 3.47 |