TMTG Correlations
| TMTG Crypto | USD 0.0007 0.00 0.00% |
The correlation of TMTG 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TMTG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TMTG moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. TMTG |
The ability to find closely correlated positions to TMTG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TMTG 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 TMTG - 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 TMTG to buy it.
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between TMTG Crypto Coin performing well and TMTG 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 TMTG'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 | 3.76 | 0.78 | 0.19 | 0.67 | 3.84 | 9.74 | 24.05 | |||
| XRP | 2.84 | (0.01) | 0.01 | 0.08 | 3.67 | 6.00 | 24.02 | |||
| STETH | 2.71 | 0.43 | 0.13 | 0.37 | 3.12 | 7.91 | 18.61 | |||
| TONCOIN | 4.62 | 1.74 | 0.34 | (11.76) | 3.69 | 13.64 | 51.05 | |||
| AVAX | 4.34 | 0.17 | 0.06 | 0.14 | 5.11 | 8.19 | 43.53 | |||
| LINK | 3.35 | 0.09 | 0.02 | 0.15 | 4.88 | 7.88 | 25.08 | |||
| ENA | 2.37 | (0.33) | 0.00 | (0.36) | 0.00 | 8.33 | 35.08 | |||
| SUI | 5.05 | (0.03) | 0.03 | 0.07 | 5.69 | 14.55 | 40.51 | |||
| TIA | 4.63 | (0.57) | 0.00 | (0.11) | 0.00 | 9.05 | 27.89 | |||
| ARB | 3.70 | (0.70) | 0.00 | (0.40) | 0.00 | 6.45 | 24.26 |
TMTG 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 TMTG crypto coin to make a market-neutral strategy. Peer analysis of TMTG could also be used in its relative valuation, which is a method of valuing TMTG by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Investing Ideas
In addition to having TMTG 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.Thematic Opportunities
Explore Investment Opportunities
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.