Bitmis Corp Correlations

BIMT Stock

USD 33.60 0.10 0.30%

The current 90-days correlation between Bitmis Corp and Morningstar Unconstrained Allocation is -0.06 (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

Poor diversification

The correlation between Bitmis Corp and DJI is 0.79 (i.e., Poor 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

0.82	FTDR	Frontdoor	Pair Corr
0.65	BYDGF	Boyd Group Services	Pair Corr
0.83	06407EAE5	BZLNZ 2285 27	Pair Corr
0.8	BK	Bank of New York	Pair Corr
0.7	ISFFF	ISS A/S	Pair Corr
0.62	CASH	Meta Financial Group	Pair Corr
0.63	CPCAY	Cathay Pacific Airways Downward Rally	Pair Corr
0.62	UEIC	Universal Electronics Earnings Call This Week	Pair Corr
0.65	GOOG	Alphabet Class C	Pair Corr
0.75	ANDE	Andersons	Pair Corr

Moving against Bitmis Pink Sheet

0.7	FSTF	First State Financial	Pair Corr
0.61	ERHE	ERHC Energy	Pair Corr
0.44	HRB	HR Block	Pair Corr
0.41	DDDX	3Dx Industries	Pair Corr
0.39	RVSN	Rail Vision Upward Rally	Pair Corr
0.33	AVIJF	AviChina Industry	Pair Corr

Related Correlations Analysis

	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	WQTM	OSHDF	AMPL	QUAYX
MSTSX		0.68	0.71	-0.51	0.76	0.99	0.59	0.0	-0.24	0.65	MSTSX
ABHYX	0.68		0.49	-0.69	0.65	0.72	0.48	0.0	0.06	0.44	ABHYX
LBHIX	0.71	0.49		-0.32	0.71	0.73	0.66	0.0	-0.22	0.84	LBHIX
SCAXF	-0.51	-0.69	-0.32		-0.71	-0.53	-0.51	0.0	0.12	-0.42	SCAXF
VIASP	0.76	0.65	0.71	-0.71		0.75	0.55	0.0	-0.15	0.62	VIASP
RRTLX	0.99	0.72	0.73	-0.53	0.75		0.6	0.0	-0.27	0.68	RRTLX
WQTM	0.59	0.48	0.66	-0.51	0.55	0.6		0.0	-0.22	0.88	WQTM
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OSHDF
AMPL	-0.24	0.06	-0.22	0.12	-0.15	-0.27	-0.22	0.0		-0.27	AMPL
QUAYX	0.65	0.44	0.84	-0.42	0.62	0.68	0.88	0.0	-0.27		QUAYX
	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	WQTM	OSHDF	AMPL	QUAYX

Please upgrade your account to get full access to Macroaxis premium features

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

RRTLX	+ 0.99	MSTSX
QUAYX	+ 0.88	WQTM
QUAYX	+ 0.84	LBHIX
VIASP	+ 0.76	MSTSX
RRTLX	+ 0.75	VIASP
RRTLX	+ 0.73	LBHIX

High negative correlations

VIASP	- 0.71	SCAXF
SCAXF	- 0.69	ABHYX
RRTLX	- 0.53	SCAXF
WQTM	- 0.51	SCAXF
SCAXF	- 0.51	MSTSX
QUAYX	- 0.42	SCAXF

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
MSTSX	0.67	0.14	0.16	0.26	0.34	(0.82)	1.45	(1.01)	12.28
ABHYX	0.08	0.00	(0.29)	0.37	0.00	(0.17)	0.23	(0.12)	0.92
LBHIX	0.13	0.04	(0.30)	1.15	0.00	(0.24)	0.24	(0.18)	2.20
SCAXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIASP	0.27	0.04	(0.11)	(1.35)	0.24	(0.32)	0.64	(0.59)	2.04
RRTLX	0.28	0.04	(0.03)	0.19	0.08	(0.35)	0.58	(0.49)	3.30
WQTM	1.76	(0.04)	0.00	0.21	0.00	0.00	3.48	(3.52)	8.51
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMPL	3.77	0.14	0.01	(0.46)	3.97	(5.23)	10.26	(7.81)	21.47
QUAYX	1.16	0.08	(0.01)	(0.22)	1.64	(1.13)	2.08	(2.41)	5.92

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.

Did you try this?

Run Price Ceiling Movement Now

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC