Tuttle Capital Correlations

SARK Etf

USD 48.77 1.45 2.89%

The current 90-days correlation between Tuttle Capital Short and AXS 2X Innovation is -0.9 (i.e., Pay attention - limited upside). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tuttle Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tuttle Capital Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tuttle Capital Correlation With Market

Good diversification

The correlation between Tuttle Capital Short and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tuttle Capital Short and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tuttle Capital Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Tuttle Etf

0.48	VUG	Vanguard Growth Index	Pair Corr
0.45	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.45	IVV	iShares Core SP	Pair Corr
0.44	VTI	Vanguard Total Stock	Pair Corr
0.4	VB	Vanguard Small Cap	Pair Corr
0.39	VO	Vanguard Mid Cap	Pair Corr
0.33	VTV	Vanguard Value Index	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.43	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.43	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.39	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.37	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.35	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	TARK	TSLQ	SOXS	BITI	KOLD
TARK		-0.89	-0.2	-0.74	-0.12	TARK
TSLQ	-0.89		0.21	0.55	0.1	TSLQ
SOXS	-0.2	0.21		0.11	0.1	SOXS
BITI	-0.74	0.55	0.11		0.15	BITI
KOLD	-0.12	0.1	0.1	0.15		KOLD
	TARK	TSLQ	SOXS	BITI	KOLD

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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

BITI	+ 0.55	TSLQ
SOXS	+ 0.21	TSLQ
KOLD	+ 0.15	BITI
BITI	+ 0.11	SOXS
KOLD	+ 0.1	TSLQ
KOLD	+ 0.1	SOXS

High negative correlations

TSLQ	- 0.89	TARK
BITI	- 0.74	TARK
SOXS	- 0.2	TARK
KOLD	- 0.12	TARK

Tuttle Capital Constituents Risk-Adjusted Indicators

There is a big difference between Tuttle Etf performing well and Tuttle Capital 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 Tuttle Capital's 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
TARK	4.02	(0.55)	(0.01)	0.01	9.96	(3.64)	6.35	(8.28)	64.18
TSLQ	16.75	7.41	0.51	(0.58)	8.87	(21.33)	12.35	(16.23)	61.54
SOXS	4.52	0.78	0.01	(0.04)	5.10	(5.17)	11.61	(8.59)	36.60
BITI	2.53	(0.53)	0.00	0.39	0.00	0.00	3.77	(6.30)	18.11
KOLD	4.88	(0.26)	0.00	(0.46)	0.00	0.00	11.25	(10.23)	28.78

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