Grayscale Decentralized Correlations

DEFG Stock

38.50 2.40 6.65%

The current 90-days correlation between Grayscale Decentralized and Legacy Education is 0.02 (i.e., Significant diversification). The correlation of Grayscale Decentralized 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.

Grayscale Decentralized Correlation With Market

Modest diversification

The correlation between Grayscale Decentralized Financ and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grayscale Decentralized Financ and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Grayscale OTC Stock

0.63	NVDA	NVIDIA	Pair Corr
0.75	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.79	BMYMP	Bristol Myers Squibb	Pair Corr
0.63	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.85	DIS	Walt Disney Sell-off Trend	Pair Corr
0.83	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.72	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.77	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.89	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Grayscale OTC Stock

0.68	SWZNF	Schweizerische Nationalbank	Pair Corr
0.66	HYMTF	Hyundai Motor	Pair Corr
0.64	PKX	POSCO Holdings	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META
LGCY		-0.26	-0.49	0.02	-0.18	-0.1	-0.48	-0.72	LGCY
AAPL	-0.26		0.52	0.22	0.26	0.36	0.31	0.53	AAPL
NVDA	-0.49	0.52		0.08	0.74	0.72	0.81	0.71	NVDA
MSFT	0.02	0.22	0.08		0.31	-0.23	0.1	0.26	MSFT
AMZN	-0.18	0.26	0.74	0.31		0.69	0.8	0.53	AMZN
BMYMP	-0.1	0.36	0.72	-0.23	0.69		0.63	0.31	BMYMP
GOOG	-0.48	0.31	0.81	0.1	0.8	0.63		0.67	GOOG
META	-0.72	0.53	0.71	0.26	0.53	0.31	0.67		META
	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META

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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

GOOG	+ 0.81	NVDA
GOOG	+ 0.8	AMZN
AMZN	+ 0.74	NVDA
BMYMP	+ 0.72	NVDA
META	+ 0.71	NVDA
BMYMP	+ 0.69	AMZN

High negative correlations

META	- 0.72	LGCY
NVDA	- 0.49	LGCY
GOOG	- 0.48	LGCY
AAPL	- 0.26	LGCY
BMYMP	- 0.23	MSFT
AMZN	- 0.18	LGCY

Risk-Adjusted Indicators

There is a big difference between Grayscale OTC Stock performing well and Grayscale Decentralized OTC Stock 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 Grayscale Decentralized'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
LGCY	3.51	1.63	0.36	4.85	3.02	(4.48)	10.85	(5.42)	22.33
AAPL	0.92	0.01	(0.04)	0.15	1.20	(0.94)	1.84	(2.25)	6.62
NVDA	2.17	0.03	0.02	0.15	3.08	(2.12)	4.07	(4.69)	12.87
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
AMZN	1.44	0.16	0.10	0.26	1.50	(1.58)	3.18	(3.06)	10.38
BMYMP	1.49	0.44	0.00	4.41	0.00	0.00	3.84	(0.07)	21.01
GOOG	1.18	(0.03)	(0.04)	0.08	1.84	(1.04)	2.21	(2.47)	8.60
META	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grayscale Decentralized 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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