Capitol Series Correlations

CWC Etf

USD 24.68 0.63 2.49%

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.

Capitol Series Correlation With Market

Good diversification

The correlation between Capitol Series Trust 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 Capitol Series Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities 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 housing.

Moving together with Capitol Etf

0.63	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr

Moving against Capitol Etf

0.42

AMPD

Tidal Trust II

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.47	0.62	-0.58	0.68	0.23	-0.2	0.86	-0.84	-0.22	META
MSFT	-0.47		-0.66	0.49	-0.68	0.37	0.81	-0.49	0.62	0.06	MSFT
UBER	0.62	-0.66		-0.29	0.73	-0.14	-0.55	0.74	-0.77	0.34	UBER
F	-0.58	0.49	-0.29		-0.38	0.15	0.49	-0.39	0.65	0.71	F
T	0.68	-0.68	0.73	-0.38		-0.35	-0.52	0.59	-0.74	0.08	T
A	0.23	0.37	-0.14	0.15	-0.35		0.43	0.39	0.09	-0.02	A
CRM	-0.2	0.81	-0.55	0.49	-0.52	0.43		-0.28	0.47	0.08	CRM
JPM	0.86	-0.49	0.74	-0.39	0.59	0.39	-0.28		-0.79	0.01	JPM
MRK	-0.84	0.62	-0.77	0.65	-0.74	0.09	0.47	-0.79		0.15	MRK
XOM	-0.22	0.06	0.34	0.71	0.08	-0.02	0.08	0.01	0.15		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	+ 0.86	META
CRM	+ 0.81	MSFT
JPM	+ 0.74	UBER
T	+ 0.73	UBER
XOM	+ 0.71	F
T	+ 0.68	META

High negative correlations

MRK	- 0.84	META
MRK	- 0.79	JPM
MRK	- 0.77	UBER
MRK	- 0.74	T
T	- 0.68	MSFT
UBER	- 0.66	MSFT

Capitol Series Competition 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
META	1.41	0.25	0.16	0.31	1.56	(1.42)	3.22	(2.30)	7.11
MSFT	1.04	(0.08)	0.00	(0.31)	0.00	0.00	2.20	(2.14)	10.31
UBER	1.92	0.07	0.05	(8.63)	2.92	(1.89)	4.72	(3.13)	12.28
F	1.32	(0.19)	0.00	(0.80)	0.00	0.00	2.46	(2.89)	10.14
T	0.94	0.31	0.33	1.44	0.88	(1.13)	1.90	(1.75)	7.94
A	1.09	(0.07)	0.00	(0.19)	0.00	0.00	2.81	(2.53)	9.03
CRM	1.45	(0.17)	0.00	(0.31)	0.00	0.00	2.21	(3.81)	15.92
JPM	0.94	0.09	0.06	0.01	1.44	(0.96)	1.97	(1.73)	6.85
MRK	1.24	(0.12)	0.00	(7.33)	0.00	0.00	2.15	(2.24)	11.57
XOM	0.96	(0.15)	0.00	(0.58)	0.00	0.00	1.76	(2.50)	5.69

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