Bit Brother Correlations
| BETSF Stock | 0.0001 0.00 0.00% |
The correlation of Bit Brother 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.
Bit Brother Correlation With Market
Excellent diversification
The correlation between Bit Brother Limited and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bit Brother Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bit Brother could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Brother 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 Bit Brother - 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 Bit Brother Limited to buy it.
Moving together with Bit Pink Sheet
Moving against Bit Pink Sheet
| 0.76 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.72 | AA | Alcoa Corp | PairCorr |
| 0.66 | GOOG | Alphabet Class C | PairCorr |
| 0.65 | JNJ | Johnson Johnson | PairCorr |
| 0.58 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.58 | BA | Boeing | PairCorr |
| 0.56 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.55 | DD | Dupont De Nemours | PairCorr |
| 0.51 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.39 | FCAP | First Capital | PairCorr |
| 0.37 | GE | GE Aerospace | PairCorr |
| 0.36 | NFG | National Fuel Gas | PairCorr |
| 0.36 | PFE | Pfizer Inc | PairCorr |
| 0.34 | META | Meta Platforms | PairCorr |
| 0.33 | SHPHF | Sihuan Pharmaceutical | 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
There is a big difference between Bit Pink Sheet performing well and Bit Brother 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 Bit Brother'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RTNB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VBTC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| THDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JACO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KLGG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PRLO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RIVX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FUEG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SCDA | 57.96 | 28.29 | 0.00 | 1.66 | 0.00 | 0.00 | 1,900 | |||
| SPDC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Bit Brother Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bit Brother pink sheet to make a market-neutral strategy. Peer analysis of Bit Brother could also be used in its relative valuation, which is a method of valuing Bit Brother by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |