Tuttle Capital Correlations

Etfs . USA . 
Etf . Tuttle Capital Management
SJIM Etf   21.85  0.18  0.83%   
The current 90-days correlation between Tuttle Capital Management and LJIM is 0.05 (i.e., Significant diversification). 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 Management 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 Management and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tuttle Capital Management and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Tuttle Etf

  0.71VEA Vanguard FTSE DevelopedPairCorr
  0.65VWO Vanguard FTSE EmergingPairCorr
  0.65KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.87JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.7GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.62INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Tuttle Etf

  0.94RSPY Tuttle Capital ManagementPairCorr
  0.94MEME Roundhill InvestmentsPairCorr
  0.9DSJA DSJAPairCorr
  0.85VUG Vanguard Growth IndexPairCorr
  0.7SPY SPDR SP 500PairCorr
  0.68IVV iShares Core SPPairCorr
  0.67VTI Vanguard Total StockPairCorr
  0.5VB Vanguard Small CapPairCorr
  0.37VO Vanguard Mid CapPairCorr
  0.82AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.72BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.66JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.65MSFT MicrosoftPairCorr
  0.6BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.33IBM International Business Fiscal Year End 22nd of January 2025 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   
JPM
+ 0.87
CRM
CRM
+ 0.86
T
JPM
+ 0.82
T
XOM
+ 0.8
UBER
MSFT
+ 0.73
META
XOM
+ 0.73
F
  
High negative correlations   
MRK
- 0.81
JPM
CRM
- 0.8
UBER
MRK
- 0.74
CRM
T
- 0.74
UBER
XOM
- 0.72
MSFT
UBER
- 0.69
MSFT

Tuttle Capital Competition 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.24  0.05  0.03  0.22  1.47 
(1.37)
 2.62 
(3.15)
 7.43 
MSFT  0.89 (0.02) 0.00  5.87  0.00 
 0.00 
 1.78 
(2.23)
 8.14 
UBER  1.64 (0.32) 0.00 (1.64) 0.00 
 0.00 
 2.53 
(5.35)
 20.41 
F  1.37 (0.10) 0.00 (0.40) 0.00 
 0.00 
 2.37 
(2.81)
 11.21 
T  0.96  0.08  0.07 (0.36) 1.13 
(1.00)
 1.93 
(1.99)
 7.95 
A  1.11 (0.14) 0.00 (0.50) 0.00 
 0.00 
 2.43 
(2.42)
 8.06 
CRM  1.47  0.31  0.19  1.24  1.33 
(1.69)
 3.18 
(2.88)
 14.80 
JPM  1.07  0.22  0.17  10.66  1.12 
(1.26)
 1.99 
(1.44)
 15.87 
MRK  0.98 (0.19) 0.00 (0.81) 0.00 
 0.00 
 1.72 
(2.17)
 5.17 
XOM  0.83 (0.09) 0.00 (0.21) 0.00 
 0.00 
 1.83 
(2.14)
 6.06 

Tuttle Capital Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tuttle Capital etf to make a market-neutral strategy. Peer analysis of Tuttle Capital could also be used in its relative valuation, which is a method of valuing Tuttle Capital by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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