Grayscale Chainlink Correlations
| GLNK Stock | USD 99.97 7.78 7.22% |
The current 90-days correlation between Grayscale Chainlink Trust and Grayscale Filecoin Trust is 0.41 (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
Good diversification
The correlation between Grayscale Chainlink Trust and DJI is -0.04 (i.e., Good 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.
Grayscale |
The ability to find closely correlated positions to Grayscale Chainlink could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grayscale Chainlink 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 Grayscale Chainlink - 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 Grayscale Chainlink Trust to buy it.
Moving together with Grayscale OTC Stock
| 0.88 | LGCY | Legacy Education | PairCorr |
| 0.79 | AAPL | Apple Inc | PairCorr |
| 0.64 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.76 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.82 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.71 | META | Meta Platforms | PairCorr |
| 0.71 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.62 | OPFI | OppFi Inc | PairCorr |
| 0.68 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.7 | DIS | Walt Disney | PairCorr |
| 0.74 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.65 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.85 | WMT | Walmart | PairCorr |
Moving against Grayscale OTC Stock
| 0.66 | GLUC | Glucose Health | PairCorr |
| 0.63 | SUNFF | Sun Life Financial | PairCorr |
| 0.4 | NIHK | Video River Networks | PairCorr |
| 0.36 | NVDA | NVIDIA | PairCorr |
| 0.68 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.51 | AA | Alcoa Corp | PairCorr |
| 0.51 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.48 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.35 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Grayscale OTC Stock performing well and Grayscale Chainlink OTC Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FILG | 11.01 | 1.40 | 0.10 | 1.19 | 11.86 | 31.24 | 90.34 | |||
| HZEN | 6.26 | 0.64 | 0.10 | (10.34) | 5.66 | 18.89 | 45.89 | |||
| GXLM | 7.94 | 2.15 | 0.24 | 6.94 | 7.04 | 17.98 | 40.20 | |||
| ZCSH | 6.62 | 0.85 | 0.12 | 1.91 | 6.23 | 13.15 | 58.53 | |||
| GLIV | 7.60 | 0.47 | 0.05 | 0.80 | 7.63 | 20.12 | 52.98 |
Be your own money manager
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