Bitmis Corp Correlations

BIMT Stock

USD 31.50 0.10 0.32%

The current 90-days correlation between Bitmis Corp and Rollins is -0.03 (i.e., Good diversification). The correlation of Bitmis Corp 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.

Bitmis Corp Correlation With Market

Significant diversification

The correlation between Bitmis Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitmis Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bitmis Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitmis Corp 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 Bitmis Corp - 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 Bitmis Corp to buy it.

Moving together with Bitmis Pink Sheet

0.73	BA	Boeing Sell-off Trend	Pair Corr
0.68	ASML	ASML Holding NV	Pair Corr
0.88	MU	Micron Technology Buyout Trend	Pair Corr
0.7	ADAM	New York Mortgage Symbol Change	Pair Corr
0.93	DVRNF	Deveron Corp	Pair Corr
0.75	AMP	Ameriprise Financial	Pair Corr
1.0	FVTI	Fortune Valley Treasures	Pair Corr
0.89	DDL	Dingdong Limited ADR	Pair Corr
0.78	GIB	CGI Inc	Pair Corr
0.66	JFU	9F Inc	Pair Corr
0.7	GMRE	Global Medical REIT	Pair Corr

Moving against Bitmis Pink Sheet

0.49	PTAIF	PT Astra International	Pair Corr
0.45	PBCRF	PT Bank Central Earnings Call Tomorrow	Pair Corr
0.42	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.34	HRB	HR Block	Pair Corr
0.33	BKRKF	PT Bank Rakyat	Pair Corr
0.31	DTG	DTE Energy	Pair Corr
0.49	ZDAI	Primega Group Holdings Symbol Change	Pair Corr

Related Correlations Analysis

	ROL	DTG	SCI	BFAM	HRB	FTDR	BYDGF
ROL		-0.73	-0.44	0.24	-0.82	-0.51	0.37	ROL
DTG	-0.73		0.81	-0.25	0.89	0.62	-0.66	DTG
SCI	-0.44	0.81		-0.2	0.73	0.66	-0.63	SCI
BFAM	0.24	-0.25	-0.2		-0.13	0.0	0.14	BFAM
HRB	-0.82	0.89	0.73	-0.13		0.68	-0.5	HRB
FTDR	-0.51	0.62	0.66	0.0	0.68		-0.27	FTDR
BYDGF	0.37	-0.66	-0.63	0.14	-0.5	-0.27		BYDGF
	ROL	DTG	SCI	BFAM	HRB	FTDR	BYDGF

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

HRB	+ 0.89	DTG
SCI	+ 0.81	DTG
HRB	+ 0.73	SCI
FTDR	+ 0.68	HRB
FTDR	+ 0.66	SCI
FTDR	+ 0.62	DTG

High negative correlations

HRB	- 0.82	ROL
DTG	- 0.73	ROL
BYDGF	- 0.66	DTG
BYDGF	- 0.63	SCI
FTDR	- 0.51	ROL
BYDGF	- 0.5	HRB

Risk-Adjusted Indicators

There is a big difference between Bitmis Pink Sheet performing well and Bitmis Corp 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 Bitmis Corp'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
ROL	0.94	0.13	0.05	0.52	1.12	(1.13)	1.80	(1.68)	11.46
DTG	0.42	(0.07)	0.00	(0.09)	0.00	0.00	0.81	(0.81)	2.35
SCI	0.87	(0.02)	(0.07)	0.04	0.99	(0.95)	1.77	(1.61)	7.10
BFAM	1.64	(0.07)	(0.05)	(0.01)	2.01	(1.81)	3.48	(3.15)	23.49
HRB	1.33	(0.32)	0.00	(1.04)	0.00	0.00	2.42	(3.29)	8.10
FTDR	1.64	(0.21)	0.00	(0.13)	0.00	0.00	2.96	(2.86)	18.24
BYDGF	1.10	0.02	(0.07)	0.01	1.36	(1.26)	2.95	(2.12)	9.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bitmis Corp 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.

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