STEPN Correlations

GMT Crypto

USD 0.21 0.01 5.00%

The current 90-days correlation between STEPN and Toncoin is 0.56 (i.e., Very weak diversification). The correlation of STEPN 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.

STEPN Correlation With Market

Average diversification

The correlation between STEPN and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STEPN and DJI in the same portfolio, assuming nothing else is changed. Please note that STEPN is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.

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

Moving together with STEPN Crypto Coin

0.84	XRP	XRP	Pair Corr
0.73	SOL	Solana	Pair Corr
0.77	STETH	Staked Ether	Pair Corr
0.64	SUI	Sui	Pair Corr
0.71	TON	Toncoin	Pair Corr
0.83	XLM	Stellar	Pair Corr
0.88	AVAX	Avalanche	Pair Corr
0.89	LINK	Chainlink	Pair Corr
0.68	TRX	TRON	Pair Corr
0.72	WBTC	Wrapped Bitcoin	Pair Corr
0.73	UNI	Uniswap Protocol Token	Pair Corr
0.9	DOT	Polkadot	Pair Corr
0.84	ONDO	Ondo	Pair Corr
0.66	ENA	Ethena	Pair Corr
0.86	OP	Optimism	Pair Corr
0.92	ARB	Arbitrum	Pair Corr
0.66	TIA	Celestia	Pair Corr
0.84	NEAR	Near	Pair Corr
0.73	LEO	LEO Token	Pair Corr
0.86	HBAR	Hedera Hashgraph	Pair Corr
0.77	WEETH	Wrapped eETH	Pair Corr
0.88	STRK	Starknet	Pair Corr
0.96	ICP	Internet Computer	Pair Corr
0.72	SEI	Sei	Pair Corr
0.76	POL	Polygon Ecosystem Token	Pair Corr
0.76	MATIC	Polygon	Pair Corr
0.75	CRO	Cronos	Pair Corr
0.82	MANTLE	Mantle	Pair Corr
0.65	PYTH	Pyth Network	Pair Corr
0.85	RNDR	Render Token	Pair Corr

Related Correlations Analysis

	XRP	SOL	STETH	SUI	TON	XLM	WLD	AVAX	LINK	TRX
XRP		0.82	0.82	0.73	0.53	0.95	0.49	0.89	0.89	0.85	XRP
SOL	0.82		0.95	0.92	0.24	0.76	0.74	0.88	0.91	0.91	SOL
STETH	0.82	0.95		0.88	0.4	0.76	0.73	0.91	0.95	0.85	STETH
SUI	0.73	0.92	0.88		0.22	0.66	0.83	0.87	0.83	0.87	SUI
TON	0.53	0.24	0.4	0.22		0.53	0.22	0.56	0.54	0.26	TON
XLM	0.95	0.76	0.76	0.66	0.53		0.47	0.86	0.87	0.8	XLM
WLD	0.49	0.74	0.73	0.83	0.22	0.47		0.75	0.68	0.67	WLD
AVAX	0.89	0.88	0.91	0.87	0.56	0.86	0.75		0.96	0.83	AVAX
LINK	0.89	0.91	0.95	0.83	0.54	0.87	0.68	0.96		0.84	LINK
TRX	0.85	0.91	0.85	0.87	0.26	0.8	0.67	0.83	0.84		TRX
	XRP	SOL	STETH	SUI	TON	XLM	WLD	AVAX	LINK	TRX

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Risk-Adjusted Indicators

There is a big difference between STEPN Crypto Coin performing well and STEPN 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 STEPN'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	3.81	1.38	0.40	1.50	2.25	(6.33)	15.58	(3.70)	31.55
SOL	3.22	0.77	0.18	3.49	3.10	(3.59)	6.37	(5.78)	21.69
STETH	2.54	0.30	0.11	0.32	2.71	(2.85)	6.34	(4.17)	16.67
SUI	5.09	2.36	0.49	9.31	3.40	(6.23)	15.64	(5.83)	28.32
TON	2.77	0.05	0.03	0.16	3.17	(3.19)	4.82	(4.70)	25.61
XLM	5.49	2.58	0.62	1.91	2.46	(6.63)	30.00	(4.55)	68.33
WLD	5.40	0.60	0.13	0.41	5.24	(6.60)	13.53	(6.80)	33.99
AVAX	4.11	0.87	0.22	0.89	3.58	(5.07)	11.70	(6.16)	24.68
LINK	3.46	0.60	0.14	0.62	3.86	(3.78)	7.28	(5.93)	20.95
TRX	2.04	0.41	0.04	(3.24)	2.23	(7.13)	6.67	(6.25)	28.27

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Our tools can tell you how much better you can do entering a position in STEPN 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.

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How to invest in STEPN

You need to understand the risk of getting into digital currencies such as GMT before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in STEPN in four ways:

Buy GMT through an exchange

Get yourself a crypto wallet before embarking on your STEPN journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase STEPN. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of STEPN through an exchange

You don't have to buy a full token when starting out since GMT is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade STEPN through a broker

If you don't want to store your STEPN Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in GMT through an exchange-traded fund (ETF)

You can also invest in GMT through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having STEPN 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.

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