Grayscale Zcash Correlations

ZCSH Stock

USD 6.17 0.76 14.05%

The correlation of Grayscale Zcash 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 Zcash Correlation With Market

Very weak diversification

The correlation between Grayscale Zcash Trust and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grayscale Zcash Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Grayscale OTC Stock

0.68	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.68	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.84	CGXYY	China Galaxy Securities	Pair Corr
0.84	MS-PA	Morgan Stanley	Pair Corr
0.7	GS-PD	Goldman Sachs	Pair Corr
0.63	IBKR	Interactive Brokers Fiscal Year End 21st of January 2025	Pair Corr
0.76	PYPL	PayPal Holdings	Pair Corr
0.63	APLD	Applied Blockchain	Pair Corr
0.63	GOOG	Alphabet Class C	Pair Corr
0.64	LUNR	Intuitive Machines Aggressive Push	Pair Corr
0.84	BBAI	BigBearai Holdings Aggressive Push	Pair Corr
0.65	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.72	SOUN	SoundHound AI Trending	Pair Corr

Moving against Grayscale OTC Stock

0.76	PKX	POSCO Holdings	Pair Corr
0.73	SWZNF	Schweizerische Nationalbank	Pair Corr
0.66	MS-PK	Morgan Stanley	Pair Corr
0.63	HYMTF	Hyundai Motor Downward Rally	Pair Corr
0.41	IQ	iQIYI Inc	Pair Corr
0.31	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	SPNNF	OZFRY	444859BR2	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7
SPNNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SPNNF
OZFRY	0.0		0.02	-0.29	-0.08	-0.39	-0.61	-0.14	-0.37	OZFRY
444859BR2	0.0	0.02		-0.16	-0.21	-0.13	-0.14	-0.26	-0.06	444859BR2
BRRAY	0.0	-0.29	-0.16		-0.16	0.05	-0.14	0.6	-0.22	BRRAY
MSTSX	0.0	-0.08	-0.21	-0.16		0.49	0.43	-0.26	0.18	MSTSX
LBHIX	0.0	-0.39	-0.13	0.05	0.49		0.64	0.29	0.31	LBHIX
ABHYX	0.0	-0.61	-0.14	-0.14	0.43	0.64		0.05	0.51	ABHYX
VIASP	0.0	-0.14	-0.26	0.6	-0.26	0.29	0.05		-0.19	VIASP
144285AL7	0.0	-0.37	-0.06	-0.22	0.18	0.31	0.51	-0.19		144285AL7
	SPNNF	OZFRY	444859BR2	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7

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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

ABHYX	+ 0.64	LBHIX
VIASP	+ 0.6	BRRAY
144285AL7	+ 0.51	ABHYX
LBHIX	+ 0.49	MSTSX
ABHYX	+ 0.43	MSTSX
144285AL7	+ 0.31	LBHIX

High negative correlations

ABHYX	- 0.61	OZFRY
LBHIX	- 0.39	OZFRY
144285AL7	- 0.37	OZFRY
BRRAY	- 0.29	OZFRY
VIASP	- 0.26	MSTSX
VIASP	- 0.26	444859BR2

Risk-Adjusted Indicators

There is a big difference between Grayscale OTC Stock performing well and Grayscale Zcash OTC Stock 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 Zcash'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
SPNNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OZFRY	2.01	0.34	0.00	0.20	0.00	0.00	0.00	0.00	107.25
444859BR2	1.38	(0.01)	0.00	0.17	0.00	0.00	5.93	(4.12)	16.62
BRRAY	1.92	0.69	0.00	1.12	0.00	0.00	2.08	0.00	36.64
MSTSX	0.48	(0.03)	0.00	(0.53)	0.00	0.00	1.21	(1.00)	2.80
LBHIX	0.10	(0.02)	0.00	(0.39)	0.00	0.00	0.24	(0.24)	0.94
ABHYX	0.19	(0.03)	0.00	(0.26)	0.00	0.00	0.34	(0.44)	1.91
VIASP	0.76	0.15	0.09	(0.95)	1.05	(0.85)	2.00	(1.20)	6.28
144285AL7	0.29	(0.03)	0.00	(0.41)	0.00	0.00	0.55	(0.67)	2.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grayscale Zcash without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. 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 portfolio.

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