Tuttle Capital Correlations

SKRE Etf   14.50  0.06  0.42%   
The current 90-days correlation between Tuttle Capital Daily and Ultimus Managers Trust is -0.34 (i.e., Very good diversification). The correlation of Tuttle Capital 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.

Tuttle Capital Correlation With Market

Good diversification

The correlation between Tuttle Capital Daily and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tuttle Capital Daily 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 Daily. 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 together with Tuttle Etf

  0.9SH ProShares Short SP500PairCorr
  0.85PSQ ProShares Short QQQPairCorr
  0.92SPXU ProShares UltraPro ShortPairCorr
  0.91SDS ProShares UltraShortPairCorr
  0.91SPXS Direxion Daily SPPairCorr
  0.86QID ProShares UltraShort QQQPairCorr
  0.85RWM ProShares Short RussPairCorr
  0.9SPDN Direxion Daily SPPairCorr
  0.83TAIL Cambria Tail RiskPairCorr
  0.95DOG ProShares Short Dow30PairCorr

Moving against Tuttle Etf

  0.97VO Vanguard Mid CapPairCorr
  0.93VTI Vanguard Total StockPairCorr
  0.92IVV iShares Core SPPairCorr
  0.79SPY SPDR SP 500PairCorr
  0.76VB Vanguard Small CapPairCorr
  0.69VUG Vanguard Growth IndexPairCorr
  0.66VTV Vanguard Value IndexPairCorr
  0.87JPM JPMorgan ChasePairCorr
  0.86AXP American ExpressPairCorr
  0.56DIS Walt DisneyPairCorr
  0.56HPQ HP IncPairCorr
  0.5CAT CaterpillarPairCorr
  0.37GE GE AerospacePairCorr
  0.36AA Alcoa CorpPairCorr
  0.33MSFT MicrosoftPairCorr
  0.32CSCO Cisco SystemsPairCorr

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
JPMA
  
High negative correlations   
MRKUBER
TMSFT
MRKMETA
CRMT
MRKT
MRKJPM

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  1.59  0.02  0.00 (0.05) 0.00 
 2.57 
 8.90 
MSFT  1.12 (0.15) 0.00 (0.28) 0.00 
 2.58 
 10.31 
UBER  1.88  0.41  0.19  0.74  2.06 
 4.72 
 12.75 
F  1.47  0.07  0.03  0.00  2.22 
 2.71 
 10.14 
T  1.04  0.26  0.16  0.40  1.61 
 1.90 
 11.66 
A  1.15 (0.15) 0.00 (0.23) 0.00 
 2.92 
 9.03 
CRM  1.38 (0.27) 0.00 (0.31) 0.00 
 2.72 
 8.88 
JPM  1.10  0.09  0.05  0.02  1.74 
 1.99 
 6.85 
MRK  1.17 (0.11) 0.00  1.52  0.00 
 2.07 
 11.58 
XOM  1.06  0.11  0.10  0.17  1.39 
 2.55 
 5.89