Bitcoin Well Correlations
| BCNWF Stock | USD 0.13 0.01 7.14% |
The current 90-days correlation between Bitcoin Well and OFX Group Ltd is 0.16 (i.e., Average diversification). The correlation of Bitcoin Well 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.
Bitcoin Well Correlation With Market
Modest diversification
The correlation between Bitcoin Well and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin Well and DJI in the same portfolio, assuming nothing else is changed.
Bitcoin |
The ability to find closely correlated positions to Bitcoin Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitcoin Well 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 Bitcoin Well - 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 Bitcoin Well to buy it.
Moving together with Bitcoin OTC Stock
| 0.83 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.83 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.84 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | CGXYY | China Galaxy Securities | PairCorr |
| 0.81 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
| 0.68 | GS-PA | Goldman Sachs | PairCorr |
| 0.62 | MS-PA | Morgan Stanley | PairCorr |
| 0.61 | GS-PD | Goldman Sachs | PairCorr |
| 0.67 | NVDA | NVIDIA | PairCorr |
| 0.86 | MRVL | Marvell Technology Earnings Call Tomorrow | PairCorr |
| 0.8 | ADSK | Autodesk | PairCorr |
| 0.71 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | GM | General Motors | PairCorr |
| 0.84 | ALAB | Astera Labs, Common | PairCorr |
| 0.75 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.7 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.88 | ZM | Zoom Video Communications | PairCorr |
Moving against Bitcoin OTC Stock
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.79 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.63 | EC | Ecopetrol SA ADR | PairCorr |
| 0.55 | PBCRF | PT Bank Central | PairCorr |
| 0.34 | AMIX | Autonomix Medical, Common Downward Rally | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Bitcoin OTC Stock performing well and Bitcoin Well OTC Stock 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 Bitcoin Well'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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPNNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARCNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OZFRY | 1.99 | 0.81 | 0.00 | 0.63 | 0.00 | 0.00 | 66.59 | |||
| EBML | 13.57 | 0.83 | 0.03 | 0.58 | 15.74 | 33.33 | 150.00 | |||
| MATEF | 7.21 | 2.73 | 0.00 | 2.85 | 0.00 | 33.10 | 118.61 | |||
| AAMTF | 1.29 | (0.18) | 0.00 | 0.47 | 0.00 | 0.00 | 37.50 | |||
| AGBAW | 6.24 | 0.22 | 0.01 | (13.99) | 7.60 | 12.50 | 57.14 | |||
| ATCC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABSOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bitcoin Well without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. 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 portfolio.Did you try this?
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Bitcoin Well Corporate Management
Elected by the shareholders, the Bitcoin Well's board of directors comprises two types of representatives: Bitcoin Well inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bitcoin. The board's role is to monitor Bitcoin Well's management team and ensure that shareholders' interests are well served. Bitcoin Well's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bitcoin Well's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Bradley | Chief Director | Profile | |
| Myles Dougan | Director Relations | Profile | |
| Heather Barnhouse | Co Sec | Profile | |
| Adam OBrien | President, Founder | Profile | |
| Karen Smola | Director Marketing | Profile |