UUU Correlations

UUU Crypto  USD 0.000008  0.000001  14.29%   
The current 90-days correlation between UUU and XRP is 0.31 (i.e., Weak diversification). The correlation of UUU 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.

UUU Correlation With Market

Average diversification

The correlation between UUU and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UUU and DJI in the same portfolio, assuming nothing else is changed. Please note that UUU is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
  
The ability to find closely correlated positions to UUU could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UUU 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 UUU - 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 UUU to buy it.

Moving together with UUU Crypto Coin

  0.81XRP XRPPairCorr
  0.94SOL SolanaPairCorr
  0.89STETH Staked EtherPairCorr
  0.88SUI SuiPairCorr
  0.73XLM StellarPairCorr
  0.62WLD WorldcoinPairCorr
  0.81AVAX AvalanchePairCorr
  0.85LINK ChainlinkPairCorr
  0.91TRX TRONPairCorr
  0.8APT AptosPairCorr
  0.96WBTC Wrapped BitcoinPairCorr
  0.81UNI Uniswap Protocol TokenPairCorr
  0.73DOT PolkadotPairCorr
  0.83ONDO OndoPairCorr
  0.79JUP JupiterPairCorr
  0.86ENA EthenaPairCorr
  0.74ARB ArbitrumPairCorr
  0.65NEAR NearPairCorr
  0.86WBT WhiteBIT TokenPairCorr
  0.94LEO LEO TokenPairCorr
  0.78HBAR Hedera HashgraphPairCorr
  0.89WEETH Wrapped eETHPairCorr
  0.66STRK StarknetPairCorr
  0.62SEI SeiPairCorr
  0.89CRO CronosPairCorr
  0.85MANTLE MantlePairCorr
  0.81PYTH Pyth NetworkPairCorr
  0.74RNDR Render TokenPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between UUU Crypto Coin performing well and UUU 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 UUU'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
XRP  3.81  1.38  0.40  1.50  2.25 
 15.58 
 31.55 
SOL  3.22  0.77  0.18  3.49  3.10 
 6.37 
 21.69 
STETH  2.54  0.30  0.11  0.32  2.71 
 6.34 
 16.67 
SUI  5.09  2.36  0.49  9.31  3.40 
 15.64 
 28.32 
TON  2.77  0.05  0.03  0.16  3.17 
 4.82 
 25.61 
XLM  5.49  2.58  0.62  1.91  2.46 
 30.00 
 68.33 
WLD  5.40  0.60  0.13  0.41  5.24 
 13.53 
 33.99 
AVAX  4.11  0.87  0.22  0.89  3.58 
 11.70 
 24.68 
LINK  3.46  0.60  0.14  0.62  3.86 
 7.28 
 20.95 
TRX  2.04  0.41  0.04 (3.24) 2.23 
 6.67 
 28.27 

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in UUU without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in UUU

You need to understand the risk of getting into digital currencies such as UUU before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in UUU in four ways:

Buy UUU through an exchange

Get yourself a crypto wallet before embarking on your UUU journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase UUU. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of UUU through an exchange

You don't have to buy a full token when starting out since UUU is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade UUU through a broker

If you don't want to store your UUU Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in UUU through an exchange-traded fund (ETF)

You can also invest in UUU through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having UUU 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

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