FXP Correlations

FXP Crypto

USD 0.0006 0.00 0.00%

The correlation of FXP 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.

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

Related Correlations Analysis

	XRP	SOL	STETH	SUI	TON	WLD	XLM	AVAX	LINK	TRX
XRP		0.83	0.87	0.75	0.71	0.67	0.97	0.93	0.93	0.85	XRP
SOL	0.83		0.95	0.94	0.43	0.79	0.78	0.89	0.91	0.93	SOL
STETH	0.87	0.95		0.89	0.6	0.82	0.84	0.94	0.96	0.88	STETH
SUI	0.75	0.94	0.89		0.39	0.83	0.69	0.87	0.83	0.91	SUI
TON	0.71	0.43	0.6	0.39		0.49	0.72	0.72	0.71	0.44	TON
WLD	0.67	0.79	0.82	0.83	0.49		0.67	0.83	0.79	0.76	WLD
XLM	0.97	0.78	0.84	0.69	0.72	0.67		0.9	0.92	0.81	XLM
AVAX	0.93	0.89	0.94	0.87	0.72	0.83	0.9		0.97	0.86	AVAX
LINK	0.93	0.91	0.96	0.83	0.71	0.79	0.92	0.97		0.86	LINK
TRX	0.85	0.93	0.88	0.91	0.44	0.76	0.81	0.86	0.86		TRX
	XRP	SOL	STETH	SUI	TON	WLD	XLM	AVAX	LINK	TRX

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Risk-Adjusted Indicators

There is a big difference between FXP Crypto Coin performing well and FXP 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 FXP'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	4.16	2.00	0.51	(4.08)	2.01	(6.77)	16.88	(3.70)	31.55
SOL	3.24	0.97	0.23	(23.47)	3.13	(3.68)	6.37	(5.78)	21.69
STETH	2.72	0.54	0.15	1.28	2.72	(3.05)	6.48	(4.17)	16.67
SUI	5.01	2.38	0.50	4.94	3.27	(6.18)	15.64	(5.83)	28.32
TON	2.79	0.37	0.06	(1.28)	3.19	(3.13)	4.82	(4.70)	25.61
WLD	5.69	1.17	0.20	1.86	5.11	(7.09)	14.84	(6.80)	33.99
XLM	5.76	3.15	0.71	13.25	2.39	(7.06)	30.00	(3.62)	68.33
AVAX	4.14	1.10	0.25	4.14	3.60	(5.09)	11.70	(6.16)	24.68
LINK	3.57	0.74	0.16	0.90	3.95	(3.89)	7.73	(5.93)	20.95
TRX	2.04	0.43	0.04	(1.43)	2.23	(7.13)	6.67	(6.25)	28.27

FXP 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 FXP crypto coin to make a market-neutral strategy. Peer analysis of FXP could also be used in its relative valuation, which is a method of valuing FXP by comparing valuation metrics with similar companies.

XRP Solana Staked Ether Sui Toncoin Worldcoin Stellar Avalanche Chainlink TRON Aptos American Airlines Group Alcoa Corp Apple Inc Best Buy Co

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Correlation

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