Crypto Correlations

CRCW Stock

USD 0 0.0001 7.14%

The current 90-days correlation between Crypto and Soitec SA ADR is -0.15 (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

Excellent diversification

The correlation between Crypto Co and DJI is -0.7 (i.e., Excellent 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

0.64

NECPY

NEC ADR Tech Boost

Pair Corr

Moving against Crypto Pink Sheet

0.79	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.76	KEP	Korea Electric Power Earnings Call This Week	Pair Corr
0.68	PTITF	PT Indosat Tbk	Pair Corr
0.31	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.86	VKQ	Invesco Municipal Trust	Pair Corr
0.83	MSGE	Madison Square Garden	Pair Corr
0.83	WLK	Westlake Chemical Earnings Call Today	Pair Corr
0.82	VOD	Vodafone Group PLC	Pair Corr
0.82	EDVMF	Endeavour Mining Corp	Pair Corr
0.76	MFGCF	Mayfair Gold Corp	Pair Corr
0.75	ALFVF	Alfa Laval AB	Pair Corr
0.72	AKAM	Akamai Technologies Buyout Trend	Pair Corr
0.71	NINTF	Ninety One Group	Pair Corr
0.64	ARNI	Arno Therapeutics	Pair Corr
0.51	CLIUF	City of London Earnings Call Today	Pair Corr
0.49	NAMM	Namib Minerals Ordinary Trending	Pair Corr
0.48	ACGL	Arch Capital Group	Pair Corr
0.36	FLEX	Flex	Pair Corr
0.86	RHHVF	Roche Holding AG	Pair Corr
0.85	TDY	Teledyne Technologies	Pair Corr
0.84	PALAF	Paladin Energy	Pair Corr
0.83	WSO	Watsco Inc	Pair Corr

Related Correlations Analysis

	CFTLF	AITUY	ULPRF	ASAAF	AEXAF	TMVWF	QTGPF	SLOIY
CFTLF		0.0	0.0	0.0	0.1	-0.25	0.3	-0.07	CFTLF
AITUY	0.0		1.0	-1.0	0.0	0.0	0.0	0.0	AITUY
ULPRF	0.0	1.0		-1.0	0.0	0.0	0.0	0.0	ULPRF
ASAAF	0.0	-1.0	-1.0		0.0	0.0	0.0	0.0	ASAAF
AEXAF	0.1	0.0	0.0	0.0		0.24	-0.04	0.08	AEXAF
TMVWF	-0.25	0.0	0.0	0.0	0.24		0.35	0.07	TMVWF
QTGPF	0.3	0.0	0.0	0.0	-0.04	0.35		-0.58	QTGPF
SLOIY	-0.07	0.0	0.0	0.0	0.08	0.07	-0.58		SLOIY
	CFTLF	AITUY	ULPRF	ASAAF	AEXAF	TMVWF	QTGPF	SLOIY

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

ULPRF	+ 1.0	AITUY
QTGPF	+ 0.35	TMVWF
QTGPF	+ 0.3	CFTLF
TMVWF	+ 0.24	AEXAF
AEXAF	+ 0.1	CFTLF
SLOIY	+ 0.08	AEXAF

High negative correlations

ASAAF	- 1.0	ULPRF
ASAAF	- 1.0	AITUY
SLOIY	- 0.58	QTGPF
TMVWF	- 0.25	CFTLF
SLOIY	- 0.07	CFTLF
QTGPF	- 0.04	AEXAF

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	Treynor Ratio	Value @Risk	Maximum Drawdown
CFTLF	0.87	(0.34)	2.67	(2.86)	19.32
AITUY	0.00	0.00	0.00	0.00	0.00
ULPRF	0.00	0.00	0.00	0.00	0.00
ASAAF	0.00	0.00	0.00	0.00	0.00
AEXAF	0.78	0.02	(4.49)	(3.12)	24.80
TMVWF	0.50	(0.09)	0.70	(0.46)	10.35
QTGPF	0.66	(0.31)	(0.54)	(0.72)	19.34
SLOIY	1.45	(0.09)	0.18	0.00	43.28

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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