Valkyrie Bitcoin Correlations

BTF Etf

USD 15.00 0.05 0.33%

The current 90-days correlation between Valkyrie Bitcoin Strategy and XBTF is 0.15 (i.e., Average diversification). The correlation of Valkyrie Bitcoin 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.

Valkyrie Bitcoin Correlation With Market

Good diversification

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

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

Moving together with Valkyrie Etf

0.93	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.9	BITO	ProShares Bitcoin	Pair Corr
0.94	BLOK	Amplify Transformational	Pair Corr
0.64	BLCN	Siren Nasdaq NexGen	Pair Corr
0.75	BITQ	Bitwise Crypto Industry	Pair Corr
0.91	SPBC	Simplify Equity PLUS	Pair Corr
0.93	BTC	Grayscale Bitcoin Mini	Pair Corr
0.83	DAPP	VanEck Digital Trans	Pair Corr
0.89	CRPT	First Trust SkyBridge	Pair Corr
0.78	MAGS	Roundhill Magnificent	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.66	AXP	American Express	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.85	DIS	Walt Disney Earnings Call This Week	Pair Corr

Moving against Valkyrie Etf

0.38	GREI	Goldman Sachs Future	Pair Corr
0.54	KO	Coca Cola Earnings Call This Week	Pair Corr
0.46	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.45	INTC	Intel	Pair Corr
0.38	HPQ	HP Inc	Pair Corr
0.35	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.53	-0.4	-0.48	0.6	0.78	0.5	0.64	-0.12	-0.63	META
MSFT	0.53		-0.46	-0.22	0.43	0.35	0.63	0.25	0.01	-0.43	MSFT
UBER	-0.4	-0.46		0.64	-0.29	-0.17	-0.62	-0.21	0.25	0.77	UBER
F	-0.48	-0.22	0.64		0.05	-0.31	-0.06	-0.05	0.05	0.9	F
T	0.6	0.43	-0.29	0.05		0.43	0.72	0.6	-0.15	-0.19	T
A	0.78	0.35	-0.17	-0.31	0.43		0.29	0.73	-0.18	-0.4	A
CRM	0.5	0.63	-0.62	-0.06	0.72	0.29		0.51	-0.25	-0.34	CRM
JPM	0.64	0.25	-0.21	-0.05	0.6	0.73	0.51		-0.52	-0.25	JPM
MRK	-0.12	0.01	0.25	0.05	-0.15	-0.18	-0.25	-0.52		0.13	MRK
XOM	-0.63	-0.43	0.77	0.9	-0.19	-0.4	-0.34	-0.25	0.13		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
A	+ 0.78	META
XOM	+ 0.77	UBER
JPM	+ 0.73	A
CRM	+ 0.72	T
JPM	+ 0.64	META

High negative correlations

XOM	- 0.63	META
CRM	- 0.62	UBER
MRK	- 0.52	JPM
F	- 0.48	META
UBER	- 0.46	MSFT
XOM	- 0.43	MSFT

Valkyrie Bitcoin Competition Risk-Adjusted Indicators

There is a big difference between Valkyrie Etf performing well and Valkyrie Bitcoin ETF 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 Valkyrie Bitcoin'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
META	1.40	0.26	0.13	0.73	1.40	(1.60)	3.43	(2.31)	7.43
MSFT	1.11	(0.04)	0.00	(0.73)	0.00	0.00	2.20	(2.79)	10.31
UBER	1.55	(0.21)	0.00	(2.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.46	(0.15)	0.00	(0.17)	0.00	0.00	2.57	(2.90)	11.21
T	1.00	0.11	0.07	0.29	1.06	(1.12)	1.91	(1.84)	7.94
A	1.19	0.20	0.13	0.49	1.05	(1.41)	2.92	(2.16)	8.06
CRM	1.55	0.24	0.11	0.87	1.52	(1.81)	3.70	(2.95)	14.80
JPM	1.03	0.27	0.18	0.92	1.00	(1.23)	1.92	(1.42)	15.87
MRK	1.00	(0.08)	0.00	(0.29)	0.00	0.00	2.00	(2.13)	5.24
XOM	0.86	(0.19)	0.00	(0.33)	0.00	0.00	1.71	(1.93)	6.06

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