Capitol Series Correlations
| HTUS Etf | USD 31.88 0.11 0.34% |
The correlation of Capitol Series is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capitol Series moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capitol Series Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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 tightly coupled with the direction of predictive economic indicators such as signals in real. Capitol |
The ability to find closely correlated positions to Capitol Series could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capitol Series when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Capitol Series - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Capitol Series Trust to buy it.
Moving together with Capitol Etf
| + | 0.91 | ADME | Aptus Drawdown Managed | PairCorr | ||
| + | 0.81 | PHDG | Invesco SP 500 | PairCorr | ||
| + | 0.72 | IDME | International Drawdown | Symbol Change | PairCorr | |
| + | 0.8 | SENT | AdvisorShares Trust | PairCorr | ||
| + | 0.82 | VMOT | Alpha Architect Value | PairCorr | ||
| + | 0.8 | ASPY | ASYMshares ASYMmetric | PairCorr | ||
| + | 0.92 | VTI | Vanguard Total Stock | Sell-off Trend | PairCorr | |
| + | 0.91 | SPY | SPDR SP 500 | PairCorr | ||
| + | 0.91 | IVV | IShares Core SP | PairCorr | ||
| + | 0.77 | VTV | Vanguard Value Index | PairCorr | ||
| + | 0.87 | VUG | Vanguard Growth Index | Sell-off Trend | PairCorr | |
| + | 0.92 | VO | Vanguard Mid-Cap Index | PairCorr | ||
| + | 0.9 | VEA | Vanguard FTSE Developed | PairCorr | ||
| + | 0.9 | VB | Vanguard Small-Cap Index | PairCorr | ||
| + | 0.89 | VWO | Vanguard FTSE Emerging | PairCorr |
Related Correlations Analysis
MRGR | EQLS | FFLS | FTLS | MNA | HTUS | BTAL | TPMN | CBLS | ||
MRGR | 0.02 | 0.07 | 0.49 | 0.69 | -0.42 | 0.61 | 0.72 | -0.41 | MRGR | |
EQLS | 0.02 | 0.0 | -0.53 | -0.09 | -0.58 | 0.41 | -0.44 | -0.02 | EQLS | |
FFLS | 0.07 | 0.0 | 0.12 | -0.02 | 0.4 | -0.4 | -0.14 | 0.75 | FFLS | |
FTLS | 0.49 | -0.53 | 0.12 | 0.26 | 0.41 | -0.12 | 0.74 | -0.09 | FTLS | |
MNA | 0.69 | -0.09 | -0.02 | 0.26 | -0.27 | 0.36 | 0.44 | -0.27 | MNA | |
HTUS | -0.42 | -0.58 | 0.4 | 0.41 | -0.27 | -0.85 | -0.07 | 0.6 | HTUS | |
BTAL | 0.61 | 0.41 | -0.4 | -0.12 | 0.36 | -0.85 | 0.33 | -0.7 | BTAL | |
TPMN | 0.72 | -0.44 | -0.14 | 0.74 | 0.44 | -0.07 | 0.33 | -0.48 | TPMN | |
CBLS | -0.41 | -0.02 | 0.75 | -0.09 | -0.27 | 0.6 | -0.7 | -0.48 | CBLS | |
MRGR | EQLS | FFLS | FTLS | MNA | HTUS | BTAL | TPMN | CBLS |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 |
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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| MRGR | 0.14 | 0.04 | 0.28 | 0.79 | 0.00 | 0.32 | (0.16) | 0.31 | (0.30) | 0.79 |
| EQLS | 0.42 | (0.05) | 0.00 | 0.27 | 0.00 | (0.06) | 0.00 | 0.67 | (0.78) | 2.00 |
| FFLS | 0.67 | (0.03) | 0.00 | (0.05) | 0.00 | (0.0264) | 0.00 | 1.28 | (1.20) | 3.32 |
| FTLS | 0.43 | 0.03 | 0.05 | 0.03 | 0.58 | 0.06 | (0.41) | 0.94 | (0.89) | 3.16 |
| MNA | 0.24 | 0.02 | 0.09 | 0.08 | 0.29 | 0.10 | (0.24) | 0.48 | (0.38) | 1.64 |
| HTUS | 0.69 | (0.04) | 0.00 | (0.05) | 0.00 | (0.0439) | 0.00 | 1.53 | (2.03) | 4.45 |
| BTAL | 0.73 | 0.03 | 0.07 | (0.06) | 0.86 | 0.07 | (0.81) | 1.33 | (1.86) | 5.37 |
| TPMN | 0.23 | 0.04 | 0.22 | 0.54 | 0.04 | 0.20 | (0.26) | 0.45 | (0.37) | 1.10 |
| CBLS | 0.58 | (0.05) | 0.00 | (0.09) | 0.00 | (0.06) | 0.00 | 1.15 | (1.53) | 3.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Capitol Series without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
| All Next | Launch Module |
Already Invested in Capitol Series Trust?
The danger of trading Capitol Series Trust is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Capitol Series is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Capitol Series. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Capitol Series Trust is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Capitol Etf analysis
When running Capitol Series' price analysis, check to measure Capitol Series' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Capitol Series is operating at the current time. Most of Capitol Series' value examination focuses on studying past and present price action to predict the probability of Capitol Series' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capitol Series' price. Additionally, you may evaluate how the addition of Capitol Series to your portfolios can decrease your overall portfolio volatility.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
The market value of Capitol Series Trust is measured differently than its book value, which is the value of Capitol that is recorded on the company's balance sheet. Investors also form their own opinion of Capitol Series' value that differs from its market value or its book value, called intrinsic value, which is Capitol Series' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Capitol Series' market value can be influenced by many factors that don't directly affect Capitol Series' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Capitol Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Capitol Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capitol Series' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.