Grayscale CoinDesk Correlations

OTC Etfs . USA . 
Etf . Grayscale CoinDesk Crypto
GDLC Etf  USD 31.60  1.59  5.30%   
The current 90-days correlation between Grayscale CoinDesk Crypto and Grayscale Litecoin Trust is 0.89 (i.e., Very poor diversification). The correlation of Grayscale CoinDesk 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 CoinDesk Correlation With Market

Very good diversification

The correlation between Grayscale CoinDesk Crypto and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grayscale CoinDesk Crypto and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grayscale CoinDesk Crypto. Also, note that the market value of any otc etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Grayscale OTC Etf

  0.63NFLX Netflix Aggressive PushPairCorr
  1.0GBTC Grayscale Bitcoin TrustPairCorr

Moving against Grayscale OTC Etf

  0.91DURA VanEck MorningstarPairCorr
  0.88EMLP First Trust NorthPairCorr
  0.87FNGD MicroSectors FANG IndexPairCorr
  0.87FTKI First Trust ExchangePairCorr
  0.85FMB First Trust ManagedPairCorr
  0.85IBTJ iShares iBonds DecPairCorr
  0.85ABXB Abacus Flexible Bond Symbol ChangePairCorr
  0.84UCON First Trust TCWPairCorr
  0.83INR Infinity Natural Res Earnings Call This WeekPairCorr
  0.82PID Invesco InternationalPairCorr
  0.82FLSW Franklin FTSE SwitzerlandPairCorr
  0.8JPST JPMorgan Ultra ShortPairCorr
  0.8JEPI JPMorgan Equity PremiumPairCorr
  0.79IBTF ISharesPairCorr
  0.75AFMC First Trust ActivePairCorr
  0.75ADIV SmartETFs Asia PacificPairCorr
  0.74SNAV Collaborative InvestmentPairCorr
  0.73EEM iShares MSCI Emerging Downward RallyPairCorr
  0.72WSML iShares MSCI WorldPairCorr
  0.69BAR GraniteShares Gold TrustPairCorr
  0.59BNDP Vanguard Core PlusPairCorr
  0.51GJUN First Trust ExchangePairCorr
  0.48FMAY First Trust ExchangePairCorr
  0.42FB ProShares Trust ProSharesPairCorr
  0.89TPHD Timothy Plan HighPairCorr
  0.89NBET Neuberger Berman EnergyPairCorr
  0.88SCHD Schwab Dividend EquityPairCorr
  0.88FXN First Trust EnergyPairCorr
  0.84STOT SPDR DoubleLine ShortPairCorr
  0.84NOBL ProShares SP 500PairCorr
  0.82NXG NXG NextGen InfrastrPairCorr
  0.82MMIN IQ MacKay MunicipalPairCorr
  0.82TIIV AAM Todd InternationalPairCorr
  0.81BND Vanguard Total Bond Sell-off TrendPairCorr

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

CRM
+ 0.93
MSFT
XOM
+ 0.92
MRK
A
+ 0.85
UBER
UBER
+ 0.84
MSFT
A
+ 0.81
MSFT
MRK
+ 0.77
T
  

High negative correlations

XOM
- 0.94
MSFT
MRK
- 0.92
MSFT
XOM
- 0.91
CRM
T
- 0.86
MSFT
XOM
- 0.85
A
CRM
- 0.85
T

Grayscale CoinDesk Competition Risk-Adjusted Indicators

There is a big difference between Grayscale OTC Etf performing well and Grayscale CoinDesk OTC 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 Grayscale CoinDesk'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.50  0.05  0.02  0.13  1.55 
(1.67)
 3.43 
(2.81)
 13.69 
MSFT  1.34 (0.29) 0.00 (0.49) 0.00 
 0.00 
 2.19 
(2.87)
 13.28 
UBER  1.57 (0.17) 0.00 (0.27) 0.00 
 0.00 
 2.70 
(3.82)
 11.09 
F  1.27  0.00  0.00  0.07  1.37 
(1.52)
 3.61 
(2.30)
 7.50 
T  1.03  0.17  0.07 (0.78) 0.94 
(1.22)
 3.87 
(1.76)
 7.44 
A  1.24 (0.46) 0.00 (0.38) 0.00 
 0.00 
 2.48 
(2.73)
 7.20 
CRM  1.82 (0.31) 0.00 (0.18) 0.00 
 0.00 
 3.66 
(4.75)
 12.37 
JPM  1.28 (0.11)(0.03) 0.01  1.84 
(1.30)
 2.34 
(3.11)
 8.17 
MRK  1.27  0.27  0.16  0.59  1.18 
(1.39)
 2.81 
(2.06)
 8.74 
XOM  1.31  0.44  0.25  10.44  1.07 
(1.56)
 2.90 
(2.44)
 6.83 

Be your own money manager

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

Did you try this?

Run Bollinger Bands Now

   

Bollinger Bands

Use Bollinger Bands indicator to analyze target price for a given investing horizon
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY