Nicholas Crypto Correlations

BLOX Etf

19.23 0.24 1.26%

The current 90-days correlation between Nicholas Crypto Income and AdvisorShares Gerber Kawasaki is 0.76 (i.e., Poor diversification). The correlation of Nicholas Crypto 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.

Nicholas Crypto Correlation With Market

Good diversification

The correlation between Nicholas Crypto Income and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nicholas Crypto Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nicholas Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nicholas Crypto Income. 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 Nicholas Etf

0.92	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	BITO	ProShares Bitcoin	Pair Corr
0.92	BTC	Grayscale Bitcoin Mini	Pair Corr
0.9	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.63	ELON	Battleshares TSLA	Pair Corr
0.71	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against Nicholas Etf

0.78	CSCO	Cisco Systems	Pair Corr
0.7	MRK	Merck Company	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.57	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.38	BAC	Bank of America	Pair Corr
0.37	AA	Alcoa Corp	Pair Corr
0.33	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.31	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	EGGS	OGSP	ZHDG	HEQQ	MFUL	NBDS	MCSE	IRTR	DIVY	GK
EGGS		-0.76	0.11	-0.16	0.18	0.84	0.42	-0.25	-0.55	0.49	EGGS
OGSP	-0.76		0.35	0.62	0.41	-0.39	0.08	0.73	0.88	0.01	OGSP
ZHDG	0.11	0.35		0.86	0.74	0.56	0.35	0.75	0.55	0.62	ZHDG
HEQQ	-0.16	0.62	0.86		0.78	0.32	0.29	0.87	0.75	0.51	HEQQ
MFUL	0.18	0.41	0.74	0.78		0.54	0.59	0.89	0.62	0.72	MFUL
NBDS	0.84	-0.39	0.56	0.32	0.54		0.6	0.21	-0.12	0.68	NBDS
MCSE	0.42	0.08	0.35	0.29	0.59	0.6		0.39	0.33	0.63	MCSE
IRTR	-0.25	0.73	0.75	0.87	0.89	0.21	0.39		0.86	0.5	IRTR
DIVY	-0.55	0.88	0.55	0.75	0.62	-0.12	0.33	0.86		0.28	DIVY
GK	0.49	0.01	0.62	0.51	0.72	0.68	0.63	0.5	0.28		GK
	EGGS	OGSP	ZHDG	HEQQ	MFUL	NBDS	MCSE	IRTR	DIVY	GK

Please upgrade your account to get full access to Macroaxis premium features

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

IRTR	+ 0.89	MFUL
DIVY	+ 0.88	OGSP
IRTR	+ 0.87	HEQQ
HEQQ	+ 0.86	ZHDG
DIVY	+ 0.86	IRTR
NBDS	+ 0.84	EGGS

High negative correlations

OGSP	- 0.76	EGGS
DIVY	- 0.55	EGGS
NBDS	- 0.39	OGSP
IRTR	- 0.25	EGGS
HEQQ	- 0.16	EGGS
DIVY	- 0.12	NBDS

Nicholas Crypto Constituents Risk-Adjusted Indicators

There is a big difference between Nicholas Etf performing well and Nicholas Crypto 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 Nicholas Crypto'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
EGGS	0.99	(0.22)	0.00	(0.20)	0.00	0.00	2.11	(3.20)	7.34
OGSP	0.07	0.01	0.00	(0.35)	0.00	0.00	0.10	(0.10)	1.00
ZHDG	0.46	(0.03)	(0.10)	0.04	0.59	(0.49)	1.08	(0.84)	3.19
HEQQ	0.42	(0.01)	(0.09)	0.07	0.57	(0.39)	0.92	(1.22)	3.04
MFUL	0.20	(0.03)	(0.29)	0.01	0.25	(0.22)	0.37	(0.51)	1.24
NBDS	1.08	(0.15)	0.00	(0.03)	0.00	0.00	2.30	(2.94)	6.24
MCSE	0.64	0.02	(0.09)	(0.09)	0.81	(0.68)	1.26	(1.40)	3.58
IRTR	0.24	(0.01)	(0.20)	0.06	0.25	(0.27)	0.49	(0.49)	1.56
DIVY	0.55	0.10	0.04	0.52	0.51	(0.62)	1.20	(1.15)	3.30
GK	0.80	(0.02)	(0.08)	(0.05)	1.18	(0.75)	1.15	(2.18)	5.15

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC