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.
Capitol |
Moving together with Capitol Etf
0.92 | VTI | Vanguard Total Stock | PairCorr |
0.87 | SPY | SPDR SP 500 | PairCorr |
0.87 | IVV | iShares Core SP Sell-off Trend | PairCorr |
0.89 | VUG | Vanguard Growth Index | PairCorr |
0.86 | VO | Vanguard Mid Cap | PairCorr |
Moving against Capitol Etf
0.7 | MSFD | Direxion Daily MSFT | PairCorr |
0.54 | VGIT | Vanguard Intermediate | PairCorr |
0.49 | IVAL | Alpha Architect Inte | PairCorr |
0.42 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
0.4 | LFAL | Stone Ridge 2053 | PairCorr |
0.34 | VEMGF | Vanguard Funds Public | PairCorr |
0.32 | CGSM | Capital Group Fixed | PairCorr |
0.31 | GLTR | abrdn Physical Precious | PairCorr |
0.73 | CRSH | Tidal Trust II | PairCorr |
0.71 | JETD | Bank of Montreal | PairCorr |
0.56 | IBIC | iShares Trust | PairCorr |
0.43 | PCRB | Putnam ETF Trust | PairCorr |
0.4 | JUCY | ETF Series Solutions | PairCorr |
0.38 | IYK | iShares Consumer Staples | PairCorr |
0.35 | JOJO | Tidal ETF Trust | PairCorr |
0.34 | EFFI | Harbor ETF Trust | PairCorr |
0.34 | GLD | SPDR Gold Shares | PairCorr |
0.33 | AGIH | iShares ETF Trust | PairCorr |
0.31 | UTWY | US Treasury 20 | PairCorr |
0.31 | PSLV | Sprott Physical Silver Earnings Call This Week | PairCorr |
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
| High negative correlations
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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 | 1.59 | (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 |