Abits Correlations

ABTS Stock

2.79 0.08 2.79%

The current 90-days correlation between Abits Group and Garden Stage Limited is 0.1 (i.e., Average diversification). The correlation of Abits 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Abits Correlation With Market

Excellent diversification

The correlation between Abits Group and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abits Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Abits Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abits Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Abits Stock

0.93	YOC	YOC AG	Pair Corr
0.7	EDHL	Everbright Digital Upward Rally	Pair Corr
0.65	CHR	Cheer Holding	Pair Corr
0.69	HCO	High Co SA	Pair Corr
0.79	INF	Informa PLC	Pair Corr
0.75	INTJ	Intelligent Group	Pair Corr
0.68	GTN	GTN	Pair Corr
0.64	IS3	I Synergy Group Split	Pair Corr

Moving against Abits Stock

0.68	FLNT	Fluent Inc	Pair Corr
0.67	CCO	Clear Channel Outdoor	Pair Corr
0.64	VSME	VS Media Holdings	Pair Corr
0.61	EEX	Emerald Expositions	Pair Corr
0.39	HAO	Haoxi Health Technology	Pair Corr
0.36	ALINV	Invibes Advertising	Pair Corr
0.36	ABLVW	Able View Global	Pair Corr
0.31	ALMKS	Making Science Group	Pair Corr
0.63	DEC	JC Decaux SA	Pair Corr
0.6	PEBB	Pebble Group	Pair Corr

Related Correlations Analysis

	CNF	GSIW	LMFA	MEGL	CARV	COHN	NCPL	AURE	TACO	MIGI
CNF		-0.25	-0.13	-0.2	-0.57	0.15	-0.21	0.06	-0.34	-0.32	CNF
GSIW	-0.25		0.32	0.19	0.44	-0.33	0.35	0.26	0.58	0.36	GSIW
LMFA	-0.13	0.32		0.63	0.41	-0.59	0.79	0.89	-0.17	0.67	LMFA
MEGL	-0.2	0.19	0.63		0.23	-0.17	0.51	0.57	-0.3	0.42	MEGL
CARV	-0.57	0.44	0.41	0.23		-0.4	0.75	0.06	0.46	0.84	CARV
COHN	0.15	-0.33	-0.59	-0.17	-0.4		-0.58	-0.59	-0.07	-0.51	COHN
NCPL	-0.21	0.35	0.79	0.51	0.75	-0.58		0.57	0.01	0.89	NCPL
AURE	0.06	0.26	0.89	0.57	0.06	-0.59	0.57		-0.28	0.37	AURE
TACO	-0.34	0.58	-0.17	-0.3	0.46	-0.07	0.01	-0.28		0.12	TACO
MIGI	-0.32	0.36	0.67	0.42	0.84	-0.51	0.89	0.37	0.12		MIGI
	CNF	GSIW	LMFA	MEGL	CARV	COHN	NCPL	AURE	TACO	MIGI

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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

AURE	+ 0.89	LMFA
MIGI	+ 0.89	NCPL
MIGI	+ 0.84	CARV
NCPL	+ 0.79	LMFA
NCPL	+ 0.75	CARV
MIGI	+ 0.67	LMFA

High negative correlations

AURE	- 0.59	COHN
COHN	- 0.59	LMFA
NCPL	- 0.58	COHN
CARV	- 0.57	CNF
MIGI	- 0.51	COHN
COHN	- 0.4	CARV

Risk-Adjusted Indicators

There is a big difference between Abits Stock performing well and Abits Company 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 Abits' 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
CNF	3.56	0.25	0.05	0.32	4.62	(3.97)	9.70	(9.12)	26.22
GSIW	2.56	(0.21)	0.00	(0.08)	0.00	0.00	7.69	(7.14)	19.17
LMFA	4.70	(1.85)	0.00	(0.60)	0.00	0.00	9.09	(10.17)	26.94
MEGL	2.89	(0.50)	0.00	(0.34)	0.00	0.00	5.04	(6.57)	39.73
CARV	5.13	(0.84)	0.00	(1.77)	0.00	0.00	13.17	(13.85)	44.19
COHN	5.55	0.96	0.12	1.15	7.39	(5.92)	13.40	(11.12)	44.38
NCPL	8.30	(0.85)	0.00	(1.54)	0.00	0.00	15.05	(17.14)	129.26
AURE	4.91	(0.68)	0.00	1.73	0.00	0.00	13.64	(10.71)	31.22
TACO	0.08	(0.01)	(0.36)	(0.88)	0.11	(0.14)	0.20	(0.29)	0.59
MIGI	8.05	(2.04)	0.00	(1.07)	0.00	0.00	14.61	(16.05)	61.71

Abits Corporate Executives

Elected by the shareholders, the Abits' board of directors comprises two types of representatives: Abits inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Abits. The board's role is to monitor Abits' management team and ensure that shareholders' interests are well served. Abits' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Abits' outside directors are responsible for providing unbiased perspectives on the board's policies.

Wanhong Tan

CFO Secretary

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