NEU Correlations

NEU Crypto

USD 0.04 0.0002 0.47%

The current 90-days correlation between NEU and Solana is -0.14 (i.e., Good diversification). The correlation of NEU 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.

NEU Correlation With Market

Good diversification

The correlation between NEU and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEU and DJI in the same portfolio, assuming nothing else is changed. Please note that NEU is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.

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

Moving together with NEU Crypto Coin

0.62	JUP	Jupiter	Pair Corr
0.63	WBT	WhiteBIT Token	Pair Corr

Moving against NEU Crypto Coin

0.4	TON	Toncoin	Pair Corr
0.46	KAS	Kaspa	Pair Corr

Related Correlations Analysis

	SOL	XRP	SUI	STETH	TON	WLD	AVAX	TRX	LINK	XLM
SOL		0.81	0.91	0.94	0.12	0.73	0.88	0.9	0.92	0.75	SOL
XRP	0.81		0.7	0.78	0.4	0.44	0.85	0.83	0.85	0.94	XRP
SUI	0.91	0.7		0.85	0.07	0.81	0.87	0.85	0.81	0.63	SUI
STETH	0.94	0.78	0.85		0.29	0.72	0.9	0.83	0.95	0.71	STETH
TON	0.12	0.4	0.07	0.29		0.14	0.43	0.13	0.42	0.38	TON
WLD	0.73	0.44	0.81	0.72	0.14		0.76	0.65	0.68	0.43	WLD
AVAX	0.88	0.85	0.87	0.9	0.43	0.76		0.81	0.94	0.8	AVAX
TRX	0.9	0.83	0.85	0.83	0.13	0.65	0.81		0.82	0.79	TRX
LINK	0.92	0.85	0.81	0.95	0.42	0.68	0.94	0.82		0.82	LINK
XLM	0.75	0.94	0.63	0.71	0.38	0.43	0.8	0.79	0.82		XLM
	SOL	XRP	SUI	STETH	TON	WLD	AVAX	TRX	LINK	XLM

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Risk-Adjusted Indicators

There is a big difference between NEU Crypto Coin performing well and NEU 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 NEU'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	3.63	3.04	(3.67)	6.37	(5.78)	14.82
XRP	3.81	1.39	0.38	1.60	2.33	(6.33)	15.58	(3.70)	29.60
SUI	5.34	2.11	0.35	(9.96)	4.47	(6.36)	15.64	(8.04)	28.32
STETH	2.71	0.23	0.07	0.31	3.45	(2.92)	6.34	(5.12)	16.67
TON	2.85	0.01	0.01	0.13	3.62	(3.13)	4.82	(7.02)	25.61
WLD	5.59	0.44	0.08	0.39	6.46	(6.41)	13.53	(7.42)	33.99
AVAX	4.25	0.69	0.15	1.02	4.03	(5.13)	11.70	(6.27)	23.54
TRX	1.87	0.45	0.05	6.39	1.78	(7.34)	6.67	(5.88)	24.01
LINK	3.59	0.51	0.10	0.65	4.28	(3.69)	7.28	(6.36)	20.95
XLM	5.42	2.75	0.97	1.81	1.35	(6.63)	30.00	(3.62)	42.67

NEU 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 NEU crypto coin to make a market-neutral strategy. Peer analysis of NEU could also be used in its relative valuation, which is a method of valuing NEU by comparing valuation metrics with similar companies.

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

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