Capitol Series Correlations

CWC Etf  USD 23.40  0.02  0.09%   
The current 90-days correlation between Capitol Series Trust and FT Vest Equity is -0.03 (i.e., Good 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.

Capitol Series Correlation With Market

Good diversification

The correlation between Capitol Series Trust and DJI is -0.06 (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

  0.92VTI Vanguard Total StockPairCorr
  0.87SPY SPDR SP 500PairCorr
  0.87IVV iShares Core SP Sell-off TrendPairCorr
  0.89VUG Vanguard Growth IndexPairCorr
  0.86VO Vanguard Mid CapPairCorr

Moving against Capitol Etf

  0.7MSFD Direxion Daily MSFTPairCorr
  0.54VGIT Vanguard IntermediatePairCorr
  0.49IVAL Alpha Architect IntePairCorr
  0.42BND Vanguard Total Bond Sell-off TrendPairCorr
  0.4LFAL Stone Ridge 2053PairCorr
  0.34VEMGF Vanguard Funds PublicPairCorr
  0.32CGSM Capital Group FixedPairCorr
  0.31GLTR abrdn Physical PreciousPairCorr
  0.73CRSH Tidal Trust IIPairCorr
  0.71JETD Bank of MontrealPairCorr
  0.56IBIC iShares TrustPairCorr
  0.43PCRB Putnam ETF TrustPairCorr
  0.4JUCY ETF Series SolutionsPairCorr
  0.38IYK iShares Consumer StaplesPairCorr
  0.35JOJO Tidal ETF TrustPairCorr
  0.34EFFI Harbor ETF TrustPairCorr
  0.34GLD SPDR Gold SharesPairCorr
  0.33AGIH iShares ETF TrustPairCorr
  0.31UTWY US Treasury 20PairCorr
  0.31PSLV Sprott Physical Silver Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
JPMMETA
CRMMSFT
TUBER
CRMA
AMSFT
UBERMETA
  
High negative correlations   
MRKUBER
TMSFT
MRKMETA
CRMT
MRKT
MRKJPM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.59 (0.03) 0.00 (0.10) 0.00 
 2.57 
 8.90 
MSFT  1.10 (0.17) 0.00 (0.32) 0.00 
 2.58 
 10.31 
UBER  1.89  0.35  0.16  0.60  2.15 
 4.72 
 12.75 
F  1.47  0.08  0.03  0.00  2.22 
 2.71 
 10.14 
T  1.05  0.27  0.17  0.42  1.61 
 1.90 
 11.66 
A  1.16 (0.17) 0.00 (0.26) 0.00 
 2.92 
 9.03 
CRM  1.38 (0.29) 0.00 (0.33) 0.00 
 2.72 
 8.88 
JPM  1.10  0.07  0.04 (0.01) 1.72 
 1.99 
 6.85 
MRK  1.15 (0.08) 0.00  1.02  0.00 
 2.07 
 11.58 
XOM  1.07  0.10  0.10  0.15  1.40 
 2.55 
 5.89