Tuttle Capital Correlations

SARK Etf

USD 16.85 0.53 3.05%

The current 90-days correlation between Tuttle Capital Short and AXS 2X Innovation is -1.0 (i.e., Pay attention - limited upside). 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

Pay attention - limited upside

The correlation between Tuttle Capital Short and DJI is -0.72 (i.e., Pay attention - limited upside) 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

0.89	SH	ProShares Short SP500 Sell-off Trend	Pair Corr
0.88	PSQ	ProShares Short QQQ Sell-off Trend	Pair Corr
0.9	SPXU	ProShares UltraPro Short	Pair Corr
0.9	SDS	ProShares UltraShort	Pair Corr
0.9	SPXS	Direxion Daily SP	Pair Corr
0.89	QID	ProShares UltraShort QQQ Sell-off Trend	Pair Corr
0.92	RWM	ProShares Short Russ	Pair Corr
0.89	SPDN	Direxion Daily SP Sell-off Trend	Pair Corr
0.89	TAIL	Cambria Tail Risk	Pair Corr
0.89	DOG	ProShares Short Dow30	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.87	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against Tuttle Etf

0.93	XTAP	Innovator Equity Acc	Pair Corr
0.92	XDJA	Innovator ETFs Trust	Pair Corr
0.91	UPRO	ProShares UltraPro SP500	Pair Corr
0.91	QTOC	Innovator ETFs Trust	Pair Corr
0.91	QTAP	Innovator Growth 100	Pair Corr
0.91	XTJA	Innovator ETFs Trust	Pair Corr
0.9	QTJA	Innovator ETFs Trust	Pair Corr
0.9	XTOC	Innovator ETFs Trust	Pair Corr
0.83	TSJA	TSJA	Pair Corr
0.81	DSJA	DSJA	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.87	WMT	Walmart Aggressive Push	Pair Corr
0.87	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.87	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.85	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.83	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.72	T	ATT Inc Sell-off Trend	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.53	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	TARK	TSLQ	SOXS	BITI	KOLD
TARK		-0.87	-0.21	-0.94	-0.1	TARK
TSLQ	-0.87		0.2	0.88	0.19	TSLQ
SOXS	-0.21	0.2		0.2	0.15	SOXS
BITI	-0.94	0.88	0.2		0.03	BITI
KOLD	-0.1	0.19	0.15	0.03		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

BITI	+ 0.88	TSLQ
SOXS	+ 0.2	TSLQ
BITI	+ 0.2	SOXS
KOLD	+ 0.19	TSLQ
KOLD	+ 0.15	SOXS
KOLD	+ 0.03	BITI

High negative correlations

BITI	- 0.94	TARK
TSLQ	- 0.87	TARK
SOXS	- 0.21	TARK
KOLD	- 0.1	TARK

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	3.40	0.22	0.15	0.17	3.62	(3.82)	6.62	(6.96)	22.83
TSLQ	6.37	(1.16)	0.00	0.36	0.00	0.00	11.62	(16.23)	61.54
SOXS	4.65	0.78	0.02	(0.04)	5.23	(5.33)	11.61	(8.59)	36.60
BITI	2.52	(0.49)	0.00	0.32	0.00	0.00	3.60	(6.04)	18.48
KOLD	4.48	(0.19)	0.00	(0.08)	0.00	0.00	9.30	(10.23)	28.78

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