Lagrange Correlations
| LA Crypto | USD 0.21 0.04 16.00% |
The current 90-days correlation between Lagrange and EigenLayer is 0.46 (i.e., Very weak diversification). The correlation of Lagrange 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.
Lagrange Correlation With Market
Excellent diversification
The correlation between Lagrange and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lagrange and DJI in the same portfolio, assuming nothing else is changed. Please note that Lagrange is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
Lagrange |
The ability to find closely correlated positions to Lagrange could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lagrange 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 Lagrange - 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 Lagrange to buy it.
Moving together with Lagrange Crypto Coin
| 0.81 | XRP | XRP | PairCorr |
| 0.73 | SOL | Solana | PairCorr |
| 0.72 | HYPE | Hyperliquid | PairCorr |
| 0.73 | LINK | Chainlink | PairCorr |
| 0.63 | WBTC | Wrapped Bitcoin | PairCorr |
| 0.87 | XLM | Stellar | PairCorr |
| 0.84 | CRO | Cronos | PairCorr |
| 0.8 | AVAX | Avalanche | PairCorr |
| 0.91 | ASTER | Aster | PairCorr |
| 0.63 | HBAR | Hedera Hashgraph | PairCorr |
| 0.61 | MANTLE | Mantle | PairCorr |
| 0.89 | TRUMP | OFFICIAL TRUMP | PairCorr |
| 0.86 | WLD | Worldcoin | PairCorr |
| 0.61 | XT | XT Token | PairCorr |
| 0.8 | UNI | Uniswap Protocol Token | PairCorr |
| 0.62 | VINCI | VINCI | PairCorr |
| 0.89 | ONDO | Ondo | PairCorr |
| 0.65 | BGB | Bitget token | PairCorr |
| 0.87 | DOT | Polkadot | PairCorr |
| 0.7 | GT | Gatechain Token | PairCorr |
Moving against Lagrange Crypto Coin
| 0.73 | XAUT | Tether Gold | PairCorr |
| 0.67 | MYX | MYX Finance | PairCorr |
| 0.55 | CC | Canton Coin | PairCorr |
| 0.73 | PAXG | PAX Gold | PairCorr |
| 0.4 | USDF | Falcon USD | PairCorr |
| 0.31 | ZRO | LayerZero | 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 Lagrange Crypto Coin performing well and Lagrange 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 Lagrange'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LA | 4.74 | (0.72) | 0.00 | 1.47 | 0.00 | 8.11 | 31.91 | |||
| STETH | 2.63 | (0.52) | 0.00 | 24.65 | 0.00 | 6.45 | 20.42 | |||
| EIGEN | 4.23 | (1.50) | 0.00 | 14.75 | 0.00 | 9.09 | 30.00 | |||
| EOSDAC | 4.00 | (1.65) | 0.00 | (2.14) | 0.00 | 6.33 | 20.39 | |||
| BLZ | 4.43 | (0.19) | 0.00 | (0.43) | 0.00 | 18.07 | 37.84 | |||
| MORPHO | 3.32 | (0.33) | 0.00 | (0.67) | 0.00 | 7.96 | 25.26 | |||
| DIA | 3.83 | (0.91) | 0.00 | 3.32 | 0.00 | 7.69 | 30.57 | |||
| EM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AE | 9.27 | 3.22 | 0.24 | 0.82 | 10.21 | 26.31 | 146.40 |
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in Lagrange 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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