Grayscale Ethereum Correlations

ETHE Etf

USD 30.93 1.52 5.17%

The current 90-days correlation between Grayscale Ethereum Trust and Grayscale Bitcoin Trust is 0.02 (i.e., Significant diversification). The correlation of Grayscale Ethereum 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.

Grayscale Ethereum Correlation With Market

Significant diversification

The correlation between Grayscale Ethereum Trust 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 Ethereum Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Grayscale Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Grayscale Ethereum Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Grayscale Etf

0.84	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.93	BITO	ProShares Bitcoin	Pair Corr
0.76	BLOK	Amplify Transformational	Pair Corr
0.86	BLCN	Siren Nasdaq NexGen	Pair Corr
0.8	LEGR	First Trust Indxx	Pair Corr
0.86	BITQ	Bitwise Crypto Industry	Pair Corr
0.85	SPBC	Simplify Equity PLUS	Pair Corr
0.93	BTC	Grayscale Bitcoin Mini	Pair Corr
0.84	DAPP	VanEck Digital Trans	Pair Corr
0.84	CRPT	First Trust SkyBridge	Pair Corr
0.85	USD	ProShares Ultra Semi	Pair Corr
0.71	FNGO	MicroSectors FANG Index	Pair Corr
0.77	NRGU	Bank of Montreal	Pair Corr
0.85	BULZ	MicroSectors Solactive	Pair Corr
0.9	BITS	Global X Blockchain	Pair Corr
0.8	FNGG	Direxion Daily Select	Pair Corr
0.85	DFEN	Direxion Daily Aerospace	Pair Corr

Moving against Grayscale Etf

0.31

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.81	0.54	0.92	0.25	0.93	0.23	0.54	META
MSFT	0.98		0.86	0.84	0.5	0.88	0.25	0.95	0.24	0.53	MSFT
UBER	0.84	0.86		0.9	0.4	0.8	0.52	0.88	0.21	0.48	UBER
F	0.81	0.84	0.9		0.39	0.84	0.24	0.91	0.43	0.7	F
T	0.54	0.5	0.4	0.39		0.51	0.15	0.49	0.27	0.21	T
A	0.92	0.88	0.8	0.84	0.51		0.16	0.89	0.33	0.66	A
CRM	0.25	0.25	0.52	0.24	0.15	0.16		0.19	-0.27	-0.14	CRM
JPM	0.93	0.95	0.88	0.91	0.49	0.89	0.19		0.3	0.6	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.33	-0.27	0.3		0.55	MRK
XOM	0.54	0.53	0.48	0.7	0.21	0.66	-0.14	0.6	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSFT	+ 0.98	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.27	CRM
XOM	- 0.14	CRM

Grayscale Ethereum Competition Risk-Adjusted Indicators

There is a big difference between Grayscale Etf performing well and Grayscale Ethereum ETF 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 Ethereum'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
META	1.50	0.30	0.24	0.36	1.02	(1.80)	3.99	(2.35)	10.48
MSFT	0.89	0.31	0.27	0.48	0.52	(1.06)	2.33	(1.08)	8.85
UBER	1.63	0.19	0.12	0.32	1.40	(2.06)	4.19	(2.54)	10.87
F	1.29	0.20	0.10	0.41	1.39	(1.42)	2.69	(2.33)	7.46
T	1.03	(0.05)	(0.09)	0.02	1.34	(1.08)	2.35	(2.35)	5.71
A	1.46	0.18	0.00	(0.42)	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.14)	(0.05)	0.04	1.71	(1.31)	2.95	(3.19)	9.31
JPM	0.90	0.35	0.18	(2.74)	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.38	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.06	(0.03)	0.46	1.38	(1.13)	2.40	(2.58)	6.28

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