Nicholas Crypto Correlations

BLOX Etf

14.96 0.29 1.90%

The current 90-days correlation between Nicholas Crypto Income and JPMorgan Global Select is 0.06 (i.e., Significant 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 -0.09 (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 employment.

Moving together with Nicholas Etf

0.8	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.8	BITO	ProShares Bitcoin	Pair Corr
0.81	BTC	Grayscale Bitcoin Mini	Pair Corr
0.79	BTF	CoinShares Bitcoin and	Pair Corr

Moving against Nicholas Etf

0.69	CSCO	Cisco Systems	Pair Corr
0.62	T	ATT Inc Aggressive Push	Pair Corr
0.54	JNJ	Johnson Johnson	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.49	MRK	Merck Company Sell-off Trend	Pair Corr
0.4	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.37	RDIV	Invesco SP Ultra	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.34	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	FIFGX	QQQI	FASIX	BOND	FFVFX	VCRB	FDCAX	EQPGX	JBND	JGLO
FIFGX		0.39	0.83	0.74	0.83	0.66	0.63	0.35	0.55	0.76	FIFGX
QQQI	0.39		0.64	0.43	0.64	0.4	0.67	0.93	0.33	0.76	QQQI
FASIX	0.83	0.64		0.91	1.0	0.87	0.9	0.55	0.79	0.96	FASIX
BOND	0.74	0.43	0.91		0.9	0.97	0.77	0.35	0.93	0.82	BOND
FFVFX	0.83	0.64	1.0	0.9		0.86	0.9	0.55	0.77	0.96	FFVFX
VCRB	0.66	0.4	0.87	0.97	0.86		0.71	0.33	0.98	0.75	VCRB
FDCAX	0.63	0.67	0.9	0.77	0.9	0.71		0.49	0.65	0.9	FDCAX
EQPGX	0.35	0.93	0.55	0.35	0.55	0.33	0.49		0.25	0.69	EQPGX
JBND	0.55	0.33	0.79	0.93	0.77	0.98	0.65	0.25		0.66	JBND
JGLO	0.76	0.76	0.96	0.82	0.96	0.75	0.9	0.69	0.66		JGLO
	FIFGX	QQQI	FASIX	BOND	FFVFX	VCRB	FDCAX	EQPGX	JBND	JGLO

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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
FIFGX	0.99	0.10	0.03	1.01	1.22	(1.02)	1.69	(1.68)	6.34
QQQI	0.69	(0.05)	(0.07)	0.00	1.02	(0.64)	1.37	(1.77)	4.27
FASIX	0.17	0.02	(0.16)	0.17	0.00	(0.20)	0.35	(0.35)	0.91
BOND	0.15	0.01	(0.30)	0.32	0.00	(0.17)	0.34	(0.28)	0.69
FFVFX	0.25	0.03	(0.07)	0.16	0.17	(0.28)	0.50	(0.50)	1.24
VCRB	0.14	0.01	(0.34)	0.30	0.00	(0.17)	0.30	(0.26)	0.68
FDCAX	0.78	0.13	0.12	0.24	0.74	(0.88)	1.80	(1.58)	7.71
EQPGX	0.77	(0.07)	0.00	(0.02)	0.00	0.00	1.49	(2.12)	4.84
JBND	0.14	0.01	(0.33)	0.37	0.00	(0.17)	0.30	(0.26)	0.71
JGLO	0.52	(0.01)	(0.03)	0.06	0.68	(0.49)	1.03	(1.22)	3.39

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