SUPERC Correlations
| SUPERC Crypto | USD 0 0.00 0.00% |
The correlation of SUPERC 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 SUPERC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SUPERC 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.
Good diversification
The correlation between SUPERC and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUPERC and NYA in the same portfolio, assuming nothing else is changed. Please note that SUPERC is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
SUPERC |
The ability to find closely correlated positions to SUPERC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUPERC 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 SUPERC - 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 SUPERC to buy it.
Moving against SUPERC Crypto Coin
| 0.6 | TFUEL | Theta Fuel | PairCorr |
| 0.57 | FET | FetchAI | PairCorr |
| 0.56 | NEAR | Near | PairCorr |
| 0.56 | CRO | Cronos | PairCorr |
| 0.51 | ONT | Ontology | PairCorr |
| 0.43 | QTUM | Qtum | PairCorr |
| 0.53 | IOC | IOC | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between SUPERC Crypto Coin performing well and SUPERC 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 SUPERC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETH | 2.83 | 0.43 | 0.12 | 0.35 | 3.46 | 7.72 | 18.88 | |||
| ADA | 3.47 | (0.13) | 0.00 | (0.05) | 0.00 | 8.06 | 24.35 | |||
| AVAX | 4.16 | 0.14 | 0.03 | 0.18 | 5.20 | 7.34 | 43.53 | |||
| NEAR | 5.96 | 1.55 | 0.25 | 0.75 | 5.85 | 14.88 | 54.07 | |||
| ICP | 4.31 | 0.20 | 0.04 | 0.32 | 4.55 | 9.25 | 52.32 | |||
| HBAR | 7.13 | 1.11 | 0.13 | 0.35 | 6.41 | 18.18 | 109.12 | |||
| CRO | 3.94 | 0.78 | 0.13 | 0.86 | 3.56 | 10.00 | 25.87 | |||
| ATOM | 3.13 | (0.07) | (0.01) | 0.03 | 4.62 | 7.58 | 32.14 | |||
| FET | 7.25 | 2.35 | 0.35 | 1.09 | 5.90 | 18.01 | 56.48 | |||
| ALGO | 4.26 | 0.25 | 0.03 | 0.23 | 5.08 | 10.53 | 35.91 |
SUPERC 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 SUPERC crypto coin to make a market-neutral strategy. Peer analysis of SUPERC could also be used in its relative valuation, which is a method of valuing SUPERC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Investing Ideas
In addition to having SUPERC 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 metropolitan statistical area. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..