Everything's correlated? :(

Everything was obviously a figure of speech. More specifically, my asset examples explained further what I meant.

 

I just realized BTC is uncorrelated af to like.. everything except other cryptos

 

% NO;
silver is not very correlated @ all to up-trending stocks + /SPY/QQQ. Like the old elite public profitable DoW deriVatives trader noted,''DOW is correlated to itself''.....................................................................................................................Spell checker not used+ not a prediction.

 

I think, - it's the way around, BTC is the flagship like index & shitcoins follow.

 

Your OP thesis carries much greater risk than one bigger position in a singular instrument because you haven’t hedged highly positive correlations and because of the substantial execution slippage involved in covering several positions in lieu of a single position.

You’re Delta directional to the extreme... I personally can’t imagine a more exposed risk profile than your OP.

Possibly if you were short OTC hourly electricity in the INC/DEC market. Other than that you’ve built the death machine as far as regulated exchange products go

 

%%
That;
+ many very HI positiVe past correlations dont mean much@ all. OIL for example has had some HI correlations ... with Stock indexes/ETFs. Doesnt mean much @ all- oil has no earnings+ stocks NEVER make WEDNESDAY moves like OIL.,

 

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LOL; black gold /Texas TEA Then one day Jeb was shootin' @ some food + up from the ground comes a bubblin' crude................................................................I like big oil companies- not a stock tip- too many cycles for me.

 

Whether multiple markets are correlated or not also depends on the time scale you are taking into consideration.
See here an overview based on the last 180 days: https://www.mrci.com/special/corr180.php
That same website has some other matrices as well. You will see that often agriculture futures show a low correlation with the rest.

 

I am quite familiar with the MRCI data - but to understand and appreciate the lead-lag relationship you need to have the actual order books up side-by-side.

The MRCI daily close correlations are an excellent screener to choose which order books to observe