Capitol Series Correlations

HTUS Etf

USD 46.55 0.06 0.13%

The current 90-days correlation between Capitol Series Trust and First Trust LongShort is 0.74 (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 0.79 (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

0.98	ACIO	Aptus Collared Income	Pair Corr
0.98	ADME	Aptus Drawdown Managed	Pair Corr
0.68	SWAN	Amplify BlackSwan Growth	Pair Corr
0.65	PHDG	Invesco SP 500	Pair Corr
0.96	MSTB	ETF Series Solutions	Pair Corr
0.98	HEGD	Swan Hedged Equity	Pair Corr
0.9	VAMO	Cambria Value	Pair Corr
0.99	HEQT	Simplify Exchange Traded	Pair Corr
0.93	GTR	WisdomTree Target Range	Pair Corr
0.79	MLPR	ETRACS Quarterly Pay	Pair Corr
0.79	SGG	Barclays Capital	Pair Corr
0.85	AMZA	InfraCap MLP ETF	Pair Corr
0.94	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.93	ATMP	Barclays ETN Select	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.95	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.9	WMT	Walmart	Pair Corr
0.86	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr

Moving against Capitol Etf

0.78	CCOR	Core Alternative ETF	Pair Corr
0.61	NRGU	Bank Of Montreal	Pair Corr
0.87	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.84	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.35	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.34	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.32	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	FTLS	GMOM	GAA	HDG	HFXI
FTLS		0.8	0.14	0.92	-0.45	FTLS
GMOM	0.8		0.56	0.85	-0.14	GMOM
GAA	0.14	0.56		0.31	0.46	GAA
HDG	0.92	0.85	0.31		-0.36	HDG
HFXI	-0.45	-0.14	0.46	-0.36		HFXI
	FTLS	GMOM	GAA	HDG	HFXI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

HDG	+ 0.92	FTLS
HDG	+ 0.85	GMOM
GMOM	+ 0.8	FTLS
GAA	+ 0.56	GMOM
HFXI	+ 0.46	GAA
HDG	+ 0.31	GAA

High negative correlations

HFXI	- 0.45	FTLS
HFXI	- 0.36	HDG
HFXI	- 0.14	GMOM

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	0.40	0.07	0.05	0.23	0.18	(0.48)	0.97	(0.61)	2.24
GMOM	0.66	0.01	(0.02)	0.11	0.60	(0.72)	1.21	(1.03)	4.32
GAA	0.38	(0.02)	(0.14)	0.03	0.51	(0.39)	0.96	(0.88)	2.63
HDG	0.24	0.00	(0.19)	0.09	0.27	(0.25)	0.46	(0.38)	1.91
HFXI	0.55	(0.04)	0.00	(0.03)	0.00	0.00	0.95	(0.91)	3.61

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC