NCASH Correlations

NCASH Crypto

USD 0 0.00 0.00%

The correlation of NCASH 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.

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

Related Correlations Analysis

	XRP	SOL	STETH	SUI	TON	WLD	XLM	AVAX	LINK	TRX
XRP		0.83	0.87	0.75	0.66	0.62	0.96	0.92	0.92	0.86	XRP
SOL	0.83		0.94	0.93	0.38	0.78	0.77	0.89	0.91	0.92	SOL
STETH	0.87	0.94		0.88	0.55	0.8	0.82	0.94	0.96	0.87	STETH
SUI	0.75	0.93	0.88		0.35	0.83	0.68	0.87	0.83	0.9	SUI
TON	0.66	0.38	0.55	0.35		0.43	0.68	0.68	0.67	0.4	TON
WLD	0.62	0.78	0.8	0.83	0.43		0.63	0.81	0.77	0.74	WLD
XLM	0.96	0.77	0.82	0.68	0.68	0.63		0.89	0.91	0.81	XLM
AVAX	0.92	0.89	0.94	0.87	0.68	0.81	0.89		0.97	0.85	AVAX
LINK	0.92	0.91	0.96	0.83	0.67	0.77	0.91	0.97		0.85	LINK
TRX	0.86	0.92	0.87	0.9	0.4	0.74	0.81	0.85	0.85		TRX
	XRP	SOL	STETH	SUI	TON	WLD	XLM	AVAX	LINK	TRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between NCASH Crypto Coin performing well and NCASH 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 NCASH'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
XRP	3.87	1.71	0.44	(7.01)	2.20	(6.39)	15.58	(3.70)	31.55
SOL	3.25	0.89	0.21	25.11	3.10	(3.61)	6.37	(5.78)	21.69
STETH	2.73	0.53	0.15	1.20	2.72	(3.04)	6.48	(4.17)	16.67
SUI	5.06	2.30	0.48	3.87	3.32	(6.30)	15.64	(5.83)	28.32
TON	2.80	0.37	0.06	(1.34)	3.18	(3.13)	4.82	(4.70)	25.61
WLD	5.73	1.13	0.19	1.63	5.20	(7.09)	14.84	(6.80)	33.99
XLM	5.62	2.97	0.69	7.01	2.39	(6.98)	30.00	(3.62)	68.33
AVAX	4.10	1.01	0.23	2.72	3.56	(4.95)	11.70	(6.16)	24.68
LINK	3.57	0.72	0.16	0.84	3.89	(3.86)	7.73	(5.93)	20.95
TRX	2.04	0.43	0.04	(1.49)	2.23	(7.13)	6.67	(6.25)	28.27

NCASH Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NCASH crypto coin to make a market-neutral strategy. Peer analysis of NCASH could also be used in its relative valuation, which is a method of valuing NCASH by comparing valuation metrics with similar companies.

XRP Solana Staked Ether Sui Toncoin Worldcoin Stellar Avalanche Chainlink TRON Aptos American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Investing Ideas

In addition to having NCASH in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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

2024 Macroaxis LLC