Grayscale Stellar Correlations
| GXLM Stock | USD 46.50 0.20 0.43% |
The current 90-days correlation between Grayscale Stellar Lumens and Grayscale Zcash Trust is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grayscale Stellar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grayscale Stellar Lumens moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Grayscale Stellar Correlation With Market
Significant diversification
The correlation between Grayscale Stellar Lumens and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grayscale Stellar Lumens and DJI in the same portfolio, assuming nothing else is changed.
Grayscale |
The ability to find closely correlated positions to Grayscale Stellar 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 Stellar 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 Stellar - 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 Stellar Lumens to buy it.
Moving together with Grayscale OTC Stock
| 0.9 | LGCY | Legacy Education | PairCorr |
| 0.72 | AAPL | Apple Inc | PairCorr |
| 0.66 | MSFT | Microsoft | PairCorr |
| 0.81 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.71 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.76 | VFS | VinFast Auto | PairCorr |
| 0.79 | FSLY | Fastly Inc | PairCorr |
| 0.87 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.95 | WMT | Walmart | PairCorr |
| 0.85 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.76 | JPM | JPMorgan Chase Earnings Call This Week | PairCorr |
Moving against Grayscale OTC Stock
| 0.82 | TCHH | Trustcash Holdings | PairCorr |
| 0.72 | SHG | Shinhan Financial | PairCorr |
| 0.7 | HYMTF | Hyundai Motor | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.49 | WF | Woori Financial Group | PairCorr |
| 0.47 | KB | KB Financial Group | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.56 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.54 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.49 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.43 | HPQ | HP Inc | PairCorr |
| 0.38 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| 0.86 | 0.06 | 0.69 | 0.82 | ZCSH | ||
| 0.86 | 0.23 | 0.76 | 0.64 | HZEN | ||
| 0.06 | 0.23 | 0.59 | 0.06 | BCHG | ||
| 0.69 | 0.76 | 0.59 | 0.56 | LTCN | ||
| 0.82 | 0.64 | 0.06 | 0.56 | GDLC | ||
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Risk-Adjusted Indicators
There is a big difference between Grayscale OTC Stock performing well and Grayscale Stellar 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 Stellar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZCSH | 6.56 | 1.03 | 0.16 | (48.82) | 5.84 | 13.15 | 55.09 | |||
| HZEN | 6.18 | 0.64 | 0.11 | (3.30) | 5.63 | 18.89 | 45.89 | |||
| BCHG | 6.13 | 0.31 | 0.05 | (0.17) | 6.00 | 15.33 | 32.81 | |||
| LTCN | 6.21 | 0.35 | 0.05 | (0.18) | 6.66 | 12.62 | 50.67 | |||
| GDLC | 3.46 | 1.25 | 0.36 | (9.02) | 2.70 | 9.53 | 22.97 |
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