LayerZero Correlations
| ZRO Crypto | USD 2.04 -0.02 -0.97% |
The current 90-days correlation between LayerZero and EigenLayer is -0.07 (i.e., Good diversification).The rolling correlation of LayerZero with major benchmarks supports assessment of how its diversification benefit changes during periods of stress versus calm markets.
Market Correlation Profile: LayerZero
Very good diversification
The correlation between ZRO and DJI is -0.21, which Macroaxis classifies as Very good diversification for the selected horizon. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
LayerZero |
Correlation data for LayerZero reflects how it moves relative to similar exposures. The dataset reflects observed co-movement patterns from historical price data. Some regulatory frameworks restrict replacement of substantially identical instruments. All figures are informational and reflect general regulatory context.
Moving together with LayerZero Crypto Coin
Moving against LayerZero Crypto Coin
| 0.47 | CRO | Cronos | PairCorr |
| 0.42 | LINK | Chainlink | PairCorr |
| 0.42 | XLM | Stellar | PairCorr |
| 0.39 | XRP | XRP | PairCorr |
| 0.39 | SUI | Sui | PairCorr |
| 0.37 | SOL | Solana | PairCorr |
| 0.36 | STETH | Staked Ether | PairCorr |
| 0.36 | WBETH | Wrapped Beacon ETH | PairCorr |
| 0.34 | WBTC | Wrapped Bitcoin | PairCorr |
| 0.31 | WLFI | World Liberty Financial | PairCorr |
| 0.57 | UNI | Uniswap Protocol Token | PairCorr |
| 0.49 | WLD | Worldcoin | PairCorr |
| 0.48 | TON | Toncoin | PairCorr |
| 0.46 | MANTLE | Mantle | PairCorr |
| 0.46 | TRUMP | OFFICIAL TRUMP | PairCorr |
| 0.45 | HBAR | Hedera Hashgraph | PairCorr |
| 0.41 | AVAX | Avalanche | PairCorr |
| 0.37 | WEETH | Wrapped eETH | PairCorr |
| 0.31 | XT | XT Token | PairCorr |
| 0.56 | ENA | Ethena | PairCorr |
| 0.55 | ONDO | Ondo | PairCorr |
| 0.47 | GT | Gatechain Token | PairCorr |
| 0.42 | AAVE | Aave | PairCorr |
| 0.4 | BGB | Bitget token | PairCorr |
| 0.33 | VINCI | VINCI | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
Strong stock returns do not always mean LayerZero Cryptocurrency is outperforming its peers on a fundamental level. A thorough review of LayerZero's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZRO | 4.96 | 0.88 | 0.13 | 2.14 | 6.29 | 11.26 | 32.75 | |||
| STETH | 3.14 | -0.35 | 0.00 | 0.98 | 0.00 | 7.85 | 22.83 | |||
| EIGEN | 4.69 | -0.81 | 0.00 | -5.69 | 0.00 | 10.00 | 30.00 | |||
| EOSDAC | 4.49 | -1.27 | 0.00 | -1.15 | 0.00 | 7.79 | 22.75 | |||
| BLZ | 4.32 | -0.20 | 0.00 | -0.72 | 0.00 | 18.07 | 37.97 | |||
| MORPHO | 4.46 | 0.80 | 0.18 | -1.88 | 4.57 | 12.28 | 26.57 | |||
| ALLO | 6.37 | 0.50 | 0.06 | -0.83 | 6.88 | 17.77 | 57.68 | |||
| DIA | 3.90 | -0.42 | 0.00 | 32.40 | 0.00 | 11.11 | 31.53 | |||
| EM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own crypto manager
Optimization tools can help investors judge whether capital allocated to LayerZero is being used efficiently relative to other opportunities in the same crypto universe. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.
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How to invest in LayerZero
This primer frames the basic decisions involved in purchasing, holding, or accessing this cryptocurrency. It focuses on exchange setup, position entry, and practical considerations that often matter to first-time buyers. You need to understand the risk of getting into digital currencies such as ZRO 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 LayerZero in four ways:Buy ZRO through an exchange
Get yourself a crypto wallet before embarking on your LayerZero 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 LayerZero. 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 LayerZero through an exchange
You don't have to buy a full token when starting out since ZRO 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 LayerZero through a broker
If you don't want to store your LayerZero 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 ZRO through an exchange-traded fund (ETF)
You can also invest in ZRO 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
LayerZero Blockchain sector classification and 1.32 Million smaller-cap scale make it a natural anchor for themes targeting Cryptocurrency exposure. Anchoring a Cryptocurrency theme around LayerZero at 1.32 Million can be tuned for upside participation or tighter downside control depending on Blockchain outlook.