Bitcoin Depot Correlations

BTM Stock

1.10 0.10 8.33%

The current 90-days correlation between Bitcoin Depot and Dominari Holdings is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitcoin Depot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitcoin Depot moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bitcoin Depot Correlation With Market

Excellent diversification

The correlation between Bitcoin Depot and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin Depot and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bitcoin Stock

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

To learn how to invest in Bitcoin Stock, please use our How to Invest in Bitcoin Depot guide.

Moving together with Bitcoin Stock

0.71	VIRC	Virco Manufacturing	Pair Corr
0.92	KBL	K Bro Linen	Pair Corr
0.64	AXR	AMREP	Pair Corr
0.88	DSS	DSS Inc	Pair Corr
0.77	YIBO	Planet Image Interna	Pair Corr
0.64	300729	Loctek Ergonomic Tec	Pair Corr
0.86	TRI	Thomson Reuters Corp	Pair Corr
0.78	MIMI	Mint Incorporation	Pair Corr
0.79	PMEC	Primech Holdings	Pair Corr

Moving against Bitcoin Stock

0.86	DXT	Dexterra Group	Pair Corr
0.77	DLX	Deluxe Earnings Call Next Week	Pair Corr
0.76	UNF	Unifirst	Pair Corr
0.72	EBF	Ennis Inc	Pair Corr
0.66	BRC	Brady	Pair Corr
0.56	BCO	Brinks Company	Pair Corr
0.55	HCSG	Healthcare Services Potential Growth	Pair Corr
0.53	603600	UE Furniture	Pair Corr
0.5	GDI	GDI Integrated	Pair Corr
0.47	RBA	RB Global	Pair Corr
0.46	ACU	Acme United	Pair Corr
0.45	CXW	CoreCivic	Pair Corr
0.37	CIX	CompX International	Pair Corr
0.88	LQDT	Liquidity Services	Pair Corr
0.87	DCM	Data Communications	Pair Corr
0.86	SMFG	Sumitomo Mitsui Financial Earnings Call This Week	Pair Corr
0.82	MATW	Matthews International Downward Rally	Pair Corr
0.69	CGY	Calian Technologies	Pair Corr
0.64	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.62	603187	Qingdao Hiron Commercial	Pair Corr
0.61	QUAD	Quad Graphics	Pair Corr
0.61	MUFG	Mitsubishi UFJ Financial Sell-off Trend	Pair Corr
0.6	CMPR	Cimpress NV Earnings Call This Week	Pair Corr
0.57	TILE	Interface	Pair Corr

Related Correlations Analysis

	DOMH	PLUT	STKE	IOR	CPBI	AFJK	OAKU	HGBL	SSBI	OFS
DOMH		0.42	0.64	-0.04	-0.23	-0.19	-0.19	0.58	0.13	0.77	DOMH
PLUT	0.42		0.69	0.16	-0.84	-0.77	-0.04	0.35	-0.63	0.46	PLUT
STKE	0.64	0.69		-0.01	-0.58	-0.59	-0.2	0.73	-0.22	0.8	STKE
IOR	-0.04	0.16	-0.01		-0.28	-0.08	0.12	-0.06	-0.2	-0.03	IOR
CPBI	-0.23	-0.84	-0.58	-0.28		0.81	-0.17	-0.19	0.77	-0.27	CPBI
AFJK	-0.19	-0.77	-0.59	-0.08	0.81		-0.1	-0.27	0.58	-0.31	AFJK
OAKU	-0.19	-0.04	-0.2	0.12	-0.17	-0.1		-0.21	-0.13	-0.39	OAKU
HGBL	0.58	0.35	0.73	-0.06	-0.19	-0.27	-0.21		0.24	0.76	HGBL
SSBI	0.13	-0.63	-0.22	-0.2	0.77	0.58	-0.13	0.24		0.19	SSBI
OFS	0.77	0.46	0.8	-0.03	-0.27	-0.31	-0.39	0.76	0.19		OFS
	DOMH	PLUT	STKE	IOR	CPBI	AFJK	OAKU	HGBL	SSBI	OFS

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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

AFJK	+ 0.81	CPBI
OFS	+ 0.8	STKE
OFS	+ 0.77	DOMH
SSBI	+ 0.77	CPBI
OFS	+ 0.76	HGBL
HGBL	+ 0.73	STKE

High negative correlations

CPBI	- 0.84	PLUT
AFJK	- 0.77	PLUT
SSBI	- 0.63	PLUT
AFJK	- 0.59	STKE
CPBI	- 0.58	STKE
OFS	- 0.39	OAKU

Risk-Adjusted Indicators

There is a big difference between Bitcoin Stock performing well and Bitcoin Depot 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 Bitcoin Depot'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
DOMH	3.90	(0.42)	0.00	(0.10)	0.00	0.00	8.27	(8.39)	24.67
PLUT	1.63	(0.15)	0.00	(0.38)	0.00	0.00	2.83	(3.32)	9.93
STKE	5.50	(1.06)	0.00	(0.16)	0.00	0.00	11.80	(9.17)	29.73
IOR	0.93	0.05	(0.01)	(0.20)	1.61	(3.44)	3.49	(2.62)	17.00
CPBI	0.63	0.07	0.01	0.81	1.16	(0.61)	1.37	(1.17)	5.01
AFJK	37.29	17.16	1.01	(1.29)	12.36	(65.15)	60.89	(22.49)	1,067
OAKU	0.36	0.01	(0.02)	0.13	0.62	(1.03)	1.24	(0.83)	6.66
HGBL	2.27	(0.18)	0.00	(0.11)	0.00	0.00	5.69	(4.05)	16.17
SSBI	1.22	0.20	0.06	1.36	1.78	(1.27)	3.62	(2.69)	8.92
OFS	2.34	(0.40)	0.00	(0.60)	0.00	0.00	4.51	(5.92)	16.93

Bitcoin Depot Corporate Management

Brian Sweatt	Chief Officer	Profile
Bill Knoll	Head Product	Profile
Philip Brown	Chief Officer	Profile
Elizabeth Simer	Chief Officer	Profile
Jason Sacco	Vice Operations	Profile
Wendy Rusk	Vice Sales	Profile

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