GMB Correlations

GMB Crypto

USD 0.0003 0.000001 0.37%

The current 90-days correlation between GMB and XRP is 0.02 (i.e., Significant diversification). The correlation of GMB 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.

GMB Correlation With Market

Good diversification

The correlation between GMB and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GMB and DJI in the same portfolio, assuming nothing else is changed. Please note that GMB is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.

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

Moving against GMB Crypto Coin

0.6	ZRO	LayerZero	Pair Corr
0.5	FET	Artificial Superintelligenc	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 GMB Crypto Coin performing well and GMB 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 GMB'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

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

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

Risk & Return

Correlation

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