1WO Correlations
| 1WO Crypto | USD 0.09 0.0019 2.02% |
The correlation of 1WO is a statistical measure of how it moves in relation to other equities. 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 1WO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 1WO 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 1WO. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. 1WO |
The ability to find closely correlated positions to 1WO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1WO 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 1WO - 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 1WO to buy it.
Moving together with 1WO Crypto Coin
| + | 0.88 | STETH | Staked Ether | PairCorr | ||
| + | 0.72 | ARB | Arbitrum | PairCorr | ||
| + | 0.83 | APT | Aptos | PairCorr | ||
| + | 0.71 | MATIC | Polygon | PairCorr | ||
| + | 0.8 | DOT | Polkadot | PairCorr | ||
| + | 0.93 | WBTC | Wrapped Bitcoin | PairCorr | ||
| + | 0.78 | AVAX | Avalanche | PairCorr |
Moving against 1WO Crypto Coin
Related Correlations Analysis
XRP | STETH | SOL | OKB | ARB | TRX | LINK | OP | XLM | APT | ||
XRP | 0.48 | 0.87 | 0.12 | 0.63 | 0.4 | 0.84 | 0.63 | 0.86 | 0.47 | XRP | |
STETH | 0.48 | 0.4 | 0.39 | 0.93 | -0.07 | 0.46 | 0.08 | 0.14 | 0.97 | STETH | |
SOL | 0.87 | 0.4 | 0.19 | 0.58 | 0.4 | 0.8 | 0.58 | 0.8 | 0.37 | SOL | |
OKB | 0.12 | 0.39 | 0.19 | 0.38 | -0.31 | 0.27 | 0.32 | 0.05 | 0.39 | OKB | |
ARB | 0.63 | 0.93 | 0.58 | 0.38 | -0.1 | 0.58 | 0.29 | 0.32 | 0.94 | ARB | |
TRX | 0.4 | -0.07 | 0.4 | -0.31 | -0.1 | 0.48 | 0.08 | 0.56 | -0.14 | TRX | |
LINK | 0.84 | 0.46 | 0.8 | 0.27 | 0.58 | 0.48 | 0.61 | 0.85 | 0.43 | LINK | |
OP | 0.63 | 0.08 | 0.58 | 0.32 | 0.29 | 0.08 | 0.61 | 0.68 | 0.1 | OP | |
XLM | 0.86 | 0.14 | 0.8 | 0.05 | 0.32 | 0.56 | 0.85 | 0.68 | 0.12 | XLM | |
APT | 0.47 | 0.97 | 0.37 | 0.39 | 0.94 | -0.14 | 0.43 | 0.1 | 0.12 | APT | |
XRP | STETH | SOL | OKB | ARB | TRX | LINK | OP | XLM | APT |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between 1WO Crypto Coin performing well and 1WO 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 1WO'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| XRP | 3.55 | 0.40 | 0.09 | 0.13 | 3.39 | 0.0403 | (6.57) | 4.26 | (4.23) | 88.03 |
| STETH | 1.27 | (0.22) | 0.00 | (0.39) | 0.00 | (0.11) | 0.00 | 2.79 | (3.25) | 13.94 |
| SOL | 3.32 | 0.34 | 0.09 | 0.27 | 3.49 | 0.07 | (3.76) | 8.16 | (5.19) | 26.42 |
| OKB | 1.47 | (0.07) | 0.00 | (0.37) | 0.00 | (0.0355) | 0.00 | 3.22 | (2.76) | 12.10 |
| ARB | 2.59 | (0.37) | 0.00 | (30.48) | 0.00 | (0.1) | 0.00 | 4.59 | (5.71) | 25.37 |
| TRX | 1.32 | 0.24 | 0.12 | (0.75) | 1.70 | 0.13 | (1.36) | 3.05 | (2.55) | 10.52 |
| LINK | 2.92 | 0.41 | 0.12 | 0.41 | 2.99 | 0.09 | (3.32) | 9.08 | (5.38) | 28.96 |
| OP | 3.04 | 0.02 | 0.01 | 0.02 | 3.50 | 0.0059 | (3.89) | 9.02 | (6.87) | 20.96 |
| XLM | 4.70 | 0.90 | 0.09 | 2.03 | 4.65 | 0.09 | (12.85) | 10.50 | (9.09) | 85.07 |
| APT | 2.56 | (0.51) | 0.00 | (0.65) | 0.00 | (0.14) | 0.00 | 3.51 | (7.93) | 19.94 |
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in 1WO 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.Did you try this?
Run Equity Analysis Now
Equity AnalysisResearch over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
| All Next | Launch Module |
How to invest in 1WO
You need to understand the risk of getting into digital currencies such as 1WO 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 1WO in four ways:Buy 1WO through an exchange
Get yourself a crypto wallet before embarking on your 1WO 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 1WO. 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 1WO through an exchange
You don't have to buy a full token when starting out since 1WO 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 1WO through a broker
If you don't want to store your 1WO 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 1WO through an exchange-traded fund (ETF)
You can also invest in 1WO 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 1WO 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in 1WO. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for 1WO Crypto Coin analysis
When running 1WO's price analysis, check to measure 1WO's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy 1WO is operating at the current time. Most of 1WO's value examination focuses on studying past and present price actions to predict the probability of 1WO's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move 1WO's coin price. Additionally, you may evaluate how adding 1WO to your portfolios can decrease your overall portfolio volatility.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |