Tuttle Capital Correlations
SKRE Etf | 12.48 0.27 2.12% |
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
Excellent diversification
The correlation between Tuttle Capital Daily and DJI is -0.52 (i.e., Excellent 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.
Tuttle |
Moving together with Tuttle Etf
0.76 | SH | ProShares Short SP500 | PairCorr |
0.73 | SPXU | ProShares UltraPro Short | PairCorr |
0.74 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
0.73 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
0.77 | RWM | ProShares Short Russ | PairCorr |
0.77 | SPDN | Direxion Daily SP | PairCorr |
0.95 | DOG | ProShares Short Dow30 | PairCorr |
Moving against Tuttle Etf
0.69 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
0.64 | CEFD | ETRACS Monthly Pay | PairCorr |
0.61 | SIXD | AIM ETF Products | PairCorr |
0.61 | YCL | ProShares Ultra Yen Potential Growth | PairCorr |
0.59 | ULE | ProShares Ultra Euro | PairCorr |
0.58 | AA | Alcoa Corp | PairCorr |
0.57 | FXY | Invesco CurrencyShares | PairCorr |
0.48 | PMBS | PIMCO Mortgage Backed | PairCorr |
0.79 | BAC | Bank of America Aggressive Push | PairCorr |
0.67 | DD | Dupont De Nemours | PairCorr |
0.67 | TRV | The Travelers Companies | PairCorr |
0.66 | CVX | Chevron Corp | PairCorr |
0.6 | CAT | Caterpillar | PairCorr |
0.57 | VZ | Verizon Communications Sell-off Trend | PairCorr |
0.56 | DIS | Walt Disney | PairCorr |
0.42 | AXP | American Express | PairCorr |
0.41 | INTC | Intel | PairCorr |
0.37 | JNJ | Johnson Johnson | PairCorr |
0.35 | GE | GE Aerospace | PairCorr |
0.31 | WMT | Walmart Aggressive Push | 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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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
META | 1.36 | 0.28 | 0.17 | 0.57 | 1.44 | 3.22 | 7.11 | |||
MSFT | 1.03 | (0.05) | 0.00 | (0.16) | 0.00 | 2.20 | 10.31 | |||
UBER | 1.95 | 0.16 | 0.06 | 3.78 | 2.78 | 4.72 | 12.29 | |||
F | 1.35 | (0.11) | 0.00 | (0.13) | 0.00 | 2.55 | 10.97 | |||
T | 0.94 | 0.30 | 0.27 | 0.50 | 0.88 | 1.90 | 7.94 | |||
A | 1.07 | (0.03) | 0.00 | (0.07) | 0.00 | 2.81 | 9.03 | |||
CRM | 1.45 | (0.15) | 0.00 | (0.22) | 0.00 | 2.21 | 15.92 | |||
JPM | 0.89 | 0.14 | 0.11 | 0.15 | 1.16 | 1.97 | 6.85 | |||
MRK | 1.26 | (0.10) | 0.00 | (2.54) | 0.00 | 2.15 | 11.57 | |||
XOM | 0.91 | (0.12) | 0.00 | (0.43) | 0.00 | 1.76 | 5.69 |