Digital Asset Correlations
| DATI Stock | USD 0 0.0007 233.33% |
The correlation of Digital Asset 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.
Digital Asset Correlation With Market
Good diversification
The correlation between Digital Asset Monetary and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digital Asset Monetary and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Digital Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Asset 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 Digital Asset - 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 Digital Asset Monetary to buy it.
Moving together with Digital Pink Sheet
| 0.77 | INFY | Infosys Ltd ADR | PairCorr |
| 0.73 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
| 0.61 | GM | General Motors | PairCorr |
| 0.64 | AVTBF | Avant Brands | PairCorr |
| 0.66 | GSVRF | Guanajuato Silver | PairCorr |
| 0.76 | ASTI | Ascent Solar Technol Trending | PairCorr |
| 0.8 | NOEM | CO2 Energy Transition | PairCorr |
| 0.61 | TSLA | Tesla Inc Sell-off Trend | PairCorr |
| 0.82 | ALVLF | Big Ridge Gold | PairCorr |
| 0.68 | ULTA | Ulta Beauty | PairCorr |
Moving against Digital Pink Sheet
| 0.56 | PROSY | Prosus NV ADR | PairCorr |
| 0.55 | NIO | Nio Class A | PairCorr |
| 0.53 | GRAB | Grab Holdings Aggressive Push | PairCorr |
| 0.47 | TCTZF | Tencent Holdings | PairCorr |
| 0.46 | TCEHY | Tencent Holdings | PairCorr |
| 0.44 | PROSF | Prosus | PairCorr |
| 0.32 | AUR | Aurora Innovation | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Digital Pink Sheet performing well and Digital Asset 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 Digital Asset'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INTH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FRFR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SLCH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABBY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TIXC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FUIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RAIO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YITD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UVCL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Digital Asset Corporate Management
| John Romano | Sr Director | Profile | |
| Roberto Menendez | MD Advisor | Profile | |
| Ajene Watson | Pres CEO | Profile | |
| Greg Esq | Gen Sec | Profile |