Supervillain

Asset Correlation Tool

Correlation amongst assets is the degree to which they move in tandem.

Diversification is a technique for reducing risk. Most people tend to think this is achieved simply by investing in a variety of assets instead of just a few. This is wrong.

Proper diversification is achieved when you reduce the correlation between the assets in your portfolio.

0.5 to 1.0: Strong positive correlation
Around 0: Little to no correlation
-0.5 to -1.0: Strong negative correlation

Took a few hours to build this one. Later I will add an index for crypto (large cap) and I'll play around with different ways of presenting the data.

If you have any requests or ideas please shoot
Phát hành các Ghi chú: Correlation amongst assets is the degree to which they move in tandem. This indicator measures correlation between different assets. Why is that important?

To any investor diversification is a very important technique for reducing risk. The problem is that most misunderstand it. Most people tend to think diversification is achieved simply by investing in a variety of assets instead of just a few.

This is wrong.

The whole point of diversification is to be invested in assets with different growth drivers. A portfolio consisting of +20 highly correlated assets (Your cryptobags, probably) is the OPPOSITE of diversification.

Proper diversification is achieved when you reduce the correlation between the assets in your portfolio.

0.5 to 1.0: Strong positive correlation
Around 0: Little to no correlation
-0.5 to -1.0: Strong negative correlation

Took a few hours to build this one. It would be super helpful if you can take a look at the index I used - I'm convinced there are better and more accurate methods to this one. But best I could come up with

Later I will evolve this one to an oscillator that measures the relation between cross coin correlations and volatility. Inspired by some great work by @cryptorae

If you have any requests or ideas please shoot

Updates v0.2
- Added altcoin index
- Changed some calculations
- Restructed code
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Shows Cách thức hoạt động Tính năng Biểu đồ Giá Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Giải pháp biểu đồ Thư viện Biểu đồ Lightweight Trung tâm Trợ giúp Giới thiệu bạn Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Giới thiệu bạn Ticket Hỗ trợ của tôi Trung tâm Trợ giúp Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất