Bit Origin Correlations

BTOG Stock

USD 0.18 0.02 10.00%

The current 90-days correlation between Bit Origin and Natural Alternatives International is -0.07 (i.e., Good diversification). The correlation of Bit Origin 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 Origin Correlation With Market

Good diversification

The correlation between Bit Origin and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bit Origin and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bit Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bit Origin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.

Moving together with Bit Stock

0.64	LW	Lamb Weston Holdings	Pair Corr
0.65	TR	Tootsie Roll Industries	Pair Corr
0.65	MTM	MTM Critical Metals	Pair Corr
0.76	VITL	Vital Farms	Pair Corr
0.77	002568	Shanghai Bairun Flavor	Pair Corr
0.63	603288	Foshan Haitian Flavouring	Pair Corr
0.79	EDBL	Edible Garden AG	Pair Corr
0.7	002311	Guangdong Haid Group	Pair Corr
0.62	WEST	Westrock Coffee	Pair Corr
0.63	300143	INKON Life Technology	Pair Corr
0.65	ART	Artisanal Spirits	Pair Corr
0.9	FAMI	Farmmi Inc	Pair Corr
0.87	FARM	Farmer Bros	Pair Corr
0.83	BON	Bon Natural Life	Pair Corr
0.64	CAG	ConAgra Foods	Pair Corr

Moving against Bit Stock

0.78	600257	Dahu Aquaculture	Pair Corr
0.76	RE-B	REA Holdings plc	Pair Corr
0.74	002216	Sanquan Food	Pair Corr
0.71	DOLE	Dole PLC	Pair Corr
0.69	K	Kellanova	Pair Corr
0.69	MBH	Maggie Beer Holdings	Pair Corr
0.66	000798	CNFC Overseas Fishery	Pair Corr
0.58	603697	Youyou Foods	Pair Corr
0.44	000529	Guangdong Guanghong	Pair Corr
0.35	AEP	Anglo Eastern Planta	Pair Corr
0.51	002696	Baiyang Aquatic Group	Pair Corr
0.43	605016	Shandong Bailong Chu	Pair Corr
0.33	002650	Jiajia Food Group	Pair Corr
0.74	BOF	BranchOut Food Common	Pair Corr
0.6	APN	Applied Nutrition Plc	Pair Corr
0.57	FRPT	Freshpet	Pair Corr
0.42	JBS	JBS NV	Pair Corr
0.33	BGS	BG Foods	Pair Corr

Related Correlations Analysis

	NAII	MWYN	AACG	JVA	MTEX	PLAG	EDTK	BEDU	BON	BLNE
NAII		-0.54	-0.52	-0.69	-0.09	0.44	-0.46	0.36	-0.58	-0.63	NAII
MWYN	-0.54		0.43	0.65	0.08	-0.3	0.41	-0.53	0.76	0.84	MWYN
AACG	-0.52	0.43		0.48	0.62	-0.25	0.75	-0.28	0.63	0.51	AACG
JVA	-0.69	0.65	0.48		-0.04	-0.42	0.64	-0.73	0.54	0.78	JVA
MTEX	-0.09	0.08	0.62	-0.04		0.03	0.52	-0.01	0.38	0.07	MTEX
PLAG	0.44	-0.3	-0.25	-0.42	0.03		-0.32	0.19	-0.2	-0.25	PLAG
EDTK	-0.46	0.41	0.75	0.64	0.52	-0.32		-0.61	0.51	0.44	EDTK
BEDU	0.36	-0.53	-0.28	-0.73	-0.01	0.19	-0.61		-0.43	-0.56	BEDU
BON	-0.58	0.76	0.63	0.54	0.38	-0.2	0.51	-0.43		0.69	BON
BLNE	-0.63	0.84	0.51	0.78	0.07	-0.25	0.44	-0.56	0.69		BLNE
	NAII	MWYN	AACG	JVA	MTEX	PLAG	EDTK	BEDU	BON	BLNE

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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

BLNE	+ 0.84	MWYN
BLNE	+ 0.78	JVA
BON	+ 0.76	MWYN
EDTK	+ 0.75	AACG
BLNE	+ 0.69	BON
JVA	+ 0.65	MWYN

High negative correlations

BEDU	- 0.73	JVA
JVA	- 0.69	NAII
BLNE	- 0.63	NAII
BEDU	- 0.61	EDTK
BON	- 0.58	NAII
BLNE	- 0.56	BEDU

Risk-Adjusted Indicators

There is a big difference between Bit Stock performing well and Bit Origin 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 Origin'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
NAII	2.95	0.22	0.05	0.56	3.09	(3.51)	6.54	(5.65)	27.35
MWYN	3.42	(0.48)	0.00	(0.74)	0.00	0.00	7.89	(8.26)	29.68
AACG	3.73	(0.76)	0.00	0.66	0.00	0.00	8.55	(8.64)	21.67
JVA	2.25	(0.30)	0.00	(0.07)	0.00	0.00	5.54	(4.94)	13.30
MTEX	2.84	(0.26)	0.00	0.34	0.00	0.00	5.11	(6.51)	25.17
PLAG	6.21	1.01	0.07	(0.23)	8.59	(6.75)	19.77	(13.96)	65.84
EDTK	1.88	(0.30)	0.00	(1.02)	0.00	0.00	3.81	(4.76)	10.82
BEDU	1.42	0.48	0.16	30.28	1.38	(2.16)	3.72	(2.24)	21.46
BON	2.79	(0.16)	0.00	0.24	0.00	0.00	7.45	(6.54)	18.75
BLNE	5.09	(0.83)	0.00	0.72	0.00	0.00	12.64	(10.41)	36.36

Bit Origin Corporate Management

Xia Wang	Chief Officer	Profile
Erick Minaya	Chief Director	Profile
Lucas Wang	Chairman CEO	Profile
Jiaming Li	President	Profile
Jinghai Jiang	Chief Officer	Profile
Du Lianfei	Ex VP	Profile

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