Highstreet Correlations
HIGH Crypto | USD 1.55 0.10 6.90% |
The current 90-days correlation between Highstreet and TRON is 0.4 (i.e., Very weak diversification). The correlation of Highstreet 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.
Highstreet Correlation With Market
Significant diversification
The correlation between Highstreet and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Highstreet and DJI in the same portfolio, assuming nothing else is changed. Please note that Highstreet is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
Highstreet |
The ability to find closely correlated positions to Highstreet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highstreet 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 Highstreet - 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 Highstreet to buy it.
Moving together with Highstreet Crypto Coin
0.8 | TON | Toncoin | PairCorr |
0.65 | AVAX | Avalanche | PairCorr |
0.64 | LINK | Chainlink | PairCorr |
0.66 | ONDO | Ondo | PairCorr |
0.68 | DOT | Polkadot | PairCorr |
0.62 | OP | Optimism | PairCorr |
0.74 | ARB | Arbitrum | PairCorr |
0.75 | NEAR | Near | PairCorr |
0.66 | TIA | Celestia | PairCorr |
0.73 | ICP | Internet Computer | PairCorr |
0.73 | STRK | Starknet | PairCorr |
0.61 | MANTLE | Mantle | PairCorr |
0.75 | POL | Polygon Ecosystem Token | PairCorr |
0.75 | MATIC | Polygon | PairCorr |
0.75 | RNDR | Render Token | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Highstreet Crypto Coin performing well and Highstreet Cryptocurrency 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 Highstreet'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SOL | 3.24 | 0.75 | 0.18 | 3.62 | 3.04 | 6.37 | 14.82 | |||
XRP | 3.81 | 1.39 | 0.38 | 1.60 | 2.33 | 15.58 | 29.60 | |||
SUI | 5.34 | 2.11 | 0.35 | (9.96) | 4.47 | 15.64 | 28.32 | |||
STETH | 2.71 | 0.23 | 0.07 | 0.31 | 3.45 | 6.34 | 16.67 | |||
TON | 2.85 | 0.01 | 0.01 | 0.13 | 3.62 | 4.82 | 25.61 | |||
WLD | 5.59 | 0.43 | 0.07 | 0.39 | 6.46 | 13.53 | 33.99 | |||
AVAX | 4.25 | 0.69 | 0.15 | 1.02 | 4.03 | 11.70 | 23.54 | |||
TRX | 1.87 | 0.45 | 0.05 | 6.39 | 1.78 | 6.67 | 24.01 | |||
LINK | 3.59 | 0.51 | 0.10 | 0.65 | 4.28 | 7.28 | 20.95 | |||
XLM | 5.42 | 2.75 | 0.97 | 1.81 | 1.35 | 30.00 | 42.67 |
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in Highstreet without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. 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 cryptocurrency portfolio.Did you try this?
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