Tuttle Capital Correlations

SARK Etf

USD 33.77 0.63 1.83%

The current 90-days correlation between Tuttle Capital Short and AXS 2X Innovation is -0.53 (i.e., Excellent 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 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 -0.13 (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 together with Tuttle Etf

0.82	PSQ	ProShares Short QQQ	Pair Corr
0.62	SPXU	ProShares UltraPro Short	Pair Corr
0.62	SDS	ProShares UltraShort	Pair Corr
0.61	SPXS	Direxion Daily SP	Pair Corr
0.86	QID	ProShares UltraShort QQQ	Pair Corr
0.93	TAIL	Cambria Tail Risk	Pair Corr
0.66	VEA	Vanguard FTSE Developed	Pair Corr
0.68	VWO	Vanguard FTSE Emerging	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.68	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.69	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.84	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call Next Week	Pair Corr

Moving against Tuttle Etf

0.88	VUG	Vanguard Growth Index	Pair Corr
0.73	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.73	IVV	iShares Core SP	Pair Corr
0.71	VTI	Vanguard Total Stock	Pair Corr
0.45	VB	Vanguard Small Cap	Pair Corr
0.33	VO	Vanguard Mid Cap	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.75	DIS	Walt Disney	Pair Corr
0.52	BA	Boeing Earnings Call This Week	Pair Corr
0.51	RFDA	RiverFront Dynamic	Pair Corr
0.45	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.38	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	TARK	TSLQ	SOXS	BITI	KOLD
TARK		-0.85	0.19	0.32	0.55	TARK
TSLQ	-0.85		-0.04	-0.29	-0.3	TSLQ
SOXS	0.19	-0.04		-0.16	0.19	SOXS
BITI	0.32	-0.29	-0.16		0.68	BITI
KOLD	0.55	-0.3	0.19	0.68		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

KOLD	+ 0.68	BITI
KOLD	+ 0.55	TARK
BITI	+ 0.32	TARK
SOXS	+ 0.19	TARK
KOLD	+ 0.19	SOXS

High negative correlations

TSLQ	- 0.85	TARK
KOLD	- 0.3	TSLQ
BITI	- 0.29	TSLQ
BITI	- 0.16	SOXS
SOXS	- 0.04	TSLQ

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	4.68	0.04	0.00	0.09	9.78	(4.60)	8.47	(7.44)	64.17
TSLQ	16.83	5.59	0.43	1.43	9.91	(19.90)	12.22	(16.44)	535.55
SOXS	4.22	(0.12)	0.00	0.10	0.00	0.00	9.98	(8.43)	20.69
BITI	2.71	(0.68)	0.00	(3.90)	0.00	0.00	4.30	(6.32)	16.21
KOLD	5.82	(1.10)	0.00	(0.51)	0.00	0.00	13.05	(12.30)	35.66

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