Capitol Series Correlations

HTUS Etf

USD 46.05 0.21 0.45%

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 0.78 (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
0.64	SWAN	Amplify BlackSwan Growth	Pair Corr
0.68	PHDG	Invesco SP 500	Pair Corr
0.95	MSTB	ETF Series Solutions	Pair Corr
0.97	HEGD	Swan Hedged Equity	Pair Corr
0.94	VAMO	Cambria Value	Pair Corr
0.99	HEQT	Simplify Exchange Traded	Pair Corr
0.93	GTR	WisdomTree Target Range	Pair Corr
0.98	FNGU	MicroSectors FANG Index	Pair Corr
0.8	USD	ProShares Ultra Semi	Pair Corr
0.98	FNGO	MicroSectors FANG Index	Pair Corr
0.89	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.89	TECL	Direxion Daily Technology	Pair Corr
0.97	FNGS	MicroSectors FANG ETN	Pair Corr
0.91	ROM	ProShares Ultra Tech	Pair Corr
0.96	QLD	ProShares Ultra QQQ	Pair Corr
0.66	SMH	VanEck Semiconductor ETF	Pair Corr
0.97	EOS	Eaton Vance Enhanced	Pair Corr
0.85	ETH	Grayscale Ethereum Mini Buyout Trend	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.78	HD	Home Depot Sell-off Trend	Pair Corr
0.95	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.89	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.87	WMT	Walmart Aggressive Push	Pair Corr
0.76	T	ATT Inc Aggressive Push	Pair Corr
0.84	DIS	Walt Disney Aggressive Push	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Capitol Etf

0.71	CCOR	Core Alternative ETF	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.81	KO	Coca Cola Sell-off Trend	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FTLS	GMOM	GAA	HDG	HFXI
FTLS		0.82	0.38	0.93	-0.4	FTLS
GMOM	0.82		0.76	0.9	-0.03	GMOM
GAA	0.38	0.76		0.57	0.41	GAA
HDG	0.93	0.9	0.57		-0.23	HDG
HFXI	-0.4	-0.03	0.41	-0.23		HFXI
	FTLS	GMOM	GAA	HDG	HFXI

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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

HDG	+ 0.93	FTLS
HDG	+ 0.9	GMOM
GMOM	+ 0.82	FTLS
GAA	+ 0.76	GMOM
HDG	+ 0.57	GAA
HFXI	+ 0.41	GAA

High negative correlations

HFXI	- 0.4	FTLS
HFXI	- 0.23	HDG
HFXI	- 0.03	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	0.44	(0.01)	(0.12)	0.09	0.50	(0.47)	0.97	(0.87)	2.37
GMOM	0.71	(0.01)	(0.04)	0.10	0.74	(0.75)	1.38	(1.19)	4.32
GAA	0.41	(0.03)	(0.18)	0.02	0.54	(0.42)	1.04	(0.88)	2.78
HDG	0.26	(0.02)	(0.23)	0.07	0.34	(0.27)	0.46	(0.55)	1.91
HFXI	0.57	(0.11)	0.00	(0.13)	0.00	0.00	0.95	(1.26)	3.61

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