Texas Capital Correlations

TXSS Etf

29.63 0.42 1.44%

The current 90-days correlation between Texas Capital Texas and Dimensional ETF Trust is 0.45 (i.e., Very weak diversification). The correlation of Texas 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Texas Capital Correlation With Market

Very poor diversification

The correlation between Texas Capital Texas and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texas Capital Texas 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 Texas Capital Texas. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Texas Etf

0.94	VB	Vanguard Small Cap	Pair Corr
0.99	IJR	iShares Core SP	Pair Corr
0.97	IWM	iShares Russell 2000 Aggressive Push	Pair Corr
0.97	VRTIX	Vanguard Russell 2000	Pair Corr
0.97	VTWO	Vanguard Russell 2000	Pair Corr
0.97	FNDA	Schwab Fundamental Small	Pair Corr
0.99	SPSM	SPDR Portfolio SP	Pair Corr
0.97	DFAS	Dimensional Small Cap	Pair Corr
0.99	VIOO	Vanguard SP Small	Pair Corr
0.98	PRFZ	Invesco FTSE RAFI	Pair Corr
0.87	VTI	Vanguard Total Stock	Pair Corr
0.85	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.84	VTV	Vanguard Value Index	Pair Corr
0.84	VUG	Vanguard Growth Index	Pair Corr
0.86	VO	Vanguard Mid Cap	Pair Corr
0.83	DIVB	iShares Dividend	Pair Corr
0.8	BTC	Grayscale Bitcoin Mini	Pair Corr
0.73	DISO	Tidal Trust II	Pair Corr
0.73	MSTY	YieldMax MSTR Option	Pair Corr
0.84	DIVG	Invesco Exchange Traded	Pair Corr
0.79	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.62	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.77	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Texas Etf

0.58	BND	Vanguard Total Bond	Pair Corr
0.37	VEA	Vanguard FTSE Developed	Pair Corr
0.71	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV
DISV		-0.45	-0.4	-0.29	-0.45	-0.38	-0.41	-0.43	-0.41	DISV
VB	-0.45		0.99	0.95	0.96	0.97	0.99	0.99	0.95	VB
MMSC	-0.4	0.99		0.95	0.94	0.95	0.98	0.99	0.94	MMSC
VIOG	-0.29	0.95	0.95		0.97	0.99	0.98	0.97	0.97	VIOG
VIOV	-0.45	0.96	0.94	0.97		0.99	0.97	0.98	1.0	VIOV
VIOO	-0.38	0.97	0.95	0.99	0.99		0.98	0.98	0.99	VIOO
DWAS	-0.41	0.99	0.98	0.98	0.97	0.98		0.99	0.97	DWAS
VTWG	-0.43	0.99	0.99	0.97	0.98	0.98	0.99		0.97	VTWG
VTWV	-0.41	0.95	0.94	0.97	1.0	0.99	0.97	0.97		VTWV
	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV

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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

VTWV	+ 1.0	VIOV
MMSC	+ 0.99	VB
DWAS	+ 0.99	VB
VTWG	+ 0.99	VB
VTWG	+ 0.99	MMSC
VIOO	+ 0.99	VIOG

High negative correlations

VIOV	- 0.45	DISV
VB	- 0.45	DISV
VTWG	- 0.43	DISV
VTWV	- 0.41	DISV
DWAS	- 0.41	DISV
MMSC	- 0.4	DISV

Texas Capital Constituents Risk-Adjusted Indicators

There is a big difference between Texas Etf performing well and Texas 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 Texas 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
DISV	0.74	(0.13)	0.00	(0.13)	0.00	0.00	1.60	(1.69)	4.67
VB	0.76	0.04	0.07	0.15	0.68	(0.82)	1.69	(1.21)	5.31
MMSC	0.92	0.02	0.06	0.14	0.98	(1.01)	2.09	(2.02)	6.85
VIOG	0.94	(0.04)	0.02	0.10	0.86	(1.08)	2.42	(1.41)	7.53
VIOV	0.93	(0.01)	0.05	0.11	0.82	(1.10)	1.97	(1.70)	7.84
VIOO	0.93	(0.02)	0.04	0.11	0.84	(1.05)	2.12	(1.56)	7.52
DWAS	1.20	0.00	0.07	0.12	1.24	(1.41)	2.95	(2.34)	8.26
VTWG	1.00	0.00	0.06	0.12	0.96	(1.10)	2.27	(1.70)	7.36
VTWV	0.94	(0.03)	0.03	0.10	0.82	(1.08)	2.02	(1.72)	8.11

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