Grayscale Chainlink Correlations

GLNK Etf

USD 10.83 0.04 0.37%

The current 90-days correlation between Grayscale Chainlink Trust and Osprey Solana Trust is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grayscale Chainlink moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grayscale Chainlink Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grayscale Chainlink Correlation With Market

Weak diversification

The correlation between Grayscale Chainlink Trust and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grayscale Chainlink Trust 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 Chainlink Trust. 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 employment.

Moving together with Grayscale OTC Etf

0.93	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.85	NFLX	Netflix	Pair Corr
0.75	EMC	Global X Funds	Pair Corr

Moving against Grayscale OTC Etf

0.77	FB	ProShares Trust ProShares	Pair Corr
0.65	DUKH	Ocean Park High	Pair Corr
0.64	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.56	VEA	Vanguard FTSE Developed	Pair Corr
0.42	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.42	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.4	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.37	TOT	Advisor Managed Port	Pair Corr
0.32	VB	Vanguard Small Cap	Pair Corr
0.31	BND	Vanguard Total Bond	Pair Corr
0.85	FROG	Jfrog	Pair Corr
0.82	ZJAN	Innovator Equity Defined	Pair Corr
0.82	FSST	Fidelity Sustainability	Pair Corr
0.78	SLX	VanEck Steel ETF	Pair Corr
0.77	HYSD	Columbia ETF Trust	Pair Corr
0.69	QLC	FlexShares Quality Large	Pair Corr
0.67	CPER	United States Copper Buyout Trend	Pair Corr
0.67	ZSB	USCF Sustainable Battery	Pair Corr
0.65	GBUG	Sprott Active Gold	Pair Corr
0.37	JADE	JP Morgan Exchange	Pair Corr
0.36	QULL	ETRACS 2x Leveraged	Pair Corr
0.31	SCZ	iShares MSCI EAFE	Pair Corr
0.88	IBTG	iShares iBonds Dec	Pair Corr
0.87	CLOX	Series Portfolios Trust	Pair Corr
0.77	CPSU	Calamos SP 500	Pair Corr
0.74	MYCI	SPDR SSGA My2029	Pair Corr
0.68	FTBI	First Trust Exchange	Pair Corr
0.67	SIXS	6 Meridian Small	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.53	-0.61	0.51	-0.55	0.22	-0.16	-0.53	-0.6	META
MSFT	0.66		0.83	-0.52	0.37	-0.19	0.05	-0.34	-0.77	-0.61	MSFT
UBER	0.53	0.83		-0.61	0.56	-0.23	-0.18	-0.32	-0.85	-0.6	UBER
F	-0.61	-0.52	-0.61		-0.69	0.49	0.32	0.44	0.68	0.75	F
T	0.51	0.37	0.56	-0.69		-0.45	-0.53	-0.26	-0.51	-0.48	T
A	-0.55	-0.19	-0.23	0.49	-0.45		-0.2	-0.27	0.4	0.19	A
CRM	0.22	0.05	-0.18	0.32	-0.53	-0.2		0.41	0.11	0.2	CRM
JPM	-0.16	-0.34	-0.32	0.44	-0.26	-0.27	0.41		0.38	0.44	JPM
MRK	-0.53	-0.77	-0.85	0.68	-0.51	0.4	0.11	0.38		0.66	MRK
XOM	-0.6	-0.61	-0.6	0.75	-0.48	0.19	0.2	0.44	0.66		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.83	MSFT
XOM	+ 0.75	F
MRK	+ 0.68	F
MSFT	+ 0.66	META
XOM	+ 0.66	MRK
T	+ 0.56	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.77	MSFT
T	- 0.69	F
F	- 0.61	UBER
XOM	- 0.61	MSFT
F	- 0.61	META

Grayscale Chainlink Competition Risk-Adjusted Indicators

There is a big difference between Grayscale OTC Etf performing well and Grayscale Chainlink 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 Chainlink'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
META	1.38	(0.27)	0.00	(0.20)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.35)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.68	(1.65)	3.38	(2.63)	16.30
T	0.95	(0.22)	0.00	(0.71)	0.00	0.00	1.61	(2.18)	5.75
A	1.23	0.08	0.06	0.15	1.26	(1.33)	2.34	(2.21)	11.03
CRM	1.54	0.05	0.03	0.13	1.98	(1.51)	3.66	(2.92)	9.91
JPM	1.05	(0.02)	0.00	0.06	1.39	(1.07)	2.00	(1.91)	7.02
MRK	1.44	0.40	0.28	0.54	1.07	(1.80)	4.85	(2.06)	11.45
XOM	0.94	0.05	(0.01)	0.28	0.98	(1.01)	1.96	(1.51)	4.99

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