Crypto Correlations

CRCW Stock

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The current 90-days correlation between Crypto and Nubeva Technologies is -0.05 (i.e., Good diversification). The correlation of 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.

Crypto Correlation With Market

Modest diversification

The correlation between Crypto Co and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crypto Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Crypto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crypto 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 Crypto - 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 Crypto Co to buy it.

Moving together with Crypto Pink Sheet

0.78	FISV	Fiserv Common Stock Symbol Change	Pair Corr
0.76	T	ATT Inc	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against Crypto Pink Sheet

0.79	CAT	Caterpillar	Pair Corr
0.62	CTSH	Cognizant Technology	Pair Corr
0.61	IBM	International Business	Pair Corr
0.56	FTV	Fortive Corp	Pair Corr
0.55	MSB	Mesabi Trust	Pair Corr
0.53	INFY	Infosys Ltd ADR	Pair Corr
0.53	CGEMY	Capgemini SE ADR	Pair Corr
0.51	CAPMF	Capgemini SE	Pair Corr
0.43	NECPY	NEC ADR	Pair Corr
0.41	NCRRP	NCR Corp Pref	Pair Corr
0.39	ACN	Accenture plc	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.71	KO	Coca Cola	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.54	JNJ	Johnson Johnson	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.45	MRK	Merck Company	Pair Corr
0.38	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Related Correlations Analysis

	EMRH	CBRI	DRGV	NBVAF	FALC	ADCOF	ZDGGF	HMBL	AILQF	BNSOF
EMRH		-0.48	0.0	-0.15	-0.49	-0.87	-0.68	-0.16	0.64	-0.08	EMRH
CBRI	-0.48		0.0	0.21	0.45	0.59	0.26	0.19	-0.11	-0.3	CBRI
DRGV	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DRGV
NBVAF	-0.15	0.21	0.0		0.15	0.2	-0.02	-0.2	0.32	-0.37	NBVAF
FALC	-0.49	0.45	0.0	0.15		0.43	0.42	0.23	-0.39	0.04	FALC
ADCOF	-0.87	0.59	0.0	0.2	0.43		0.6	0.1	-0.33	0.02	ADCOF
ZDGGF	-0.68	0.26	0.0	-0.02	0.42	0.6		0.37	-0.57	0.18	ZDGGF
HMBL	-0.16	0.19	0.0	-0.2	0.23	0.1	0.37		-0.26	-0.08	HMBL
AILQF	0.64	-0.11	0.0	0.32	-0.39	-0.33	-0.57	-0.26		-0.37	AILQF
BNSOF	-0.08	-0.3	0.0	-0.37	0.04	0.02	0.18	-0.08	-0.37		BNSOF
	EMRH	CBRI	DRGV	NBVAF	FALC	ADCOF	ZDGGF	HMBL	AILQF	BNSOF

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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

AILQF	+ 0.64	EMRH
ZDGGF	+ 0.6	ADCOF
ADCOF	+ 0.59	CBRI
FALC	+ 0.45	CBRI
ADCOF	+ 0.43	FALC
ZDGGF	+ 0.42	FALC

High negative correlations

ADCOF	- 0.87	EMRH
ZDGGF	- 0.68	EMRH
AILQF	- 0.57	ZDGGF
FALC	- 0.49	EMRH
CBRI	- 0.48	EMRH
AILQF	- 0.39	FALC

Risk-Adjusted Indicators

There is a big difference between Crypto Pink Sheet performing well and Crypto Company 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 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
EMRH	4.41	2.31	0.00	(2.52)	0.00	0.00	0.00	0.00	100.00
CBRI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRGV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBVAF	6.48	1.81	0.10	(2.07)	5.74	(23.17)	16.67	(14.29)	125.00
FALC	4.09	(0.23)	0.00	(0.31)	0.00	0.00	12.24	(17.20)	56.60
ADCOF	2.66	(0.58)	0.00	(0.44)	0.00	0.00	5.88	(8.33)	41.11
ZDGGF	1.97	(0.46)	0.00	(0.45)	0.00	0.00	0.00	0.00	69.64
HMBL	10.24	2.46	0.05	(0.25)	11.60	(58.33)	50.00	(33.33)	133.33
AILQF	1.51	0.57	0.00	(3.46)	0.00	0.00	0.00	0.00	39.29
BNSOF	2.87	(0.08)	(0.01)	0.00	4.27	(5.58)	11.63	(8.85)	26.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Crypto 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.

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