Bit Origin Correlations

BTOG Stock

USD 0.70 0.03 4.48%

The current 90-days correlation between Bit Origin and Better Choice is 0.21 (i.e., Modest 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

Significant diversification

The correlation between Bit Origin and DJI is 0.06 (i.e., Significant 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.

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 persons.

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

0.81	ICE	Intercontinental Exchange	Pair Corr
0.81	QMCI	Quotemedia	Pair Corr
0.66	CBOE	Cboe Global Markets	Pair Corr
0.73	CB	Chubb	Pair Corr
0.77	KB	KB Financial Group	Pair Corr
0.64	LU	Lufax Holding	Pair Corr

Moving against Bit Stock

0.82	C	Citigroup Aggressive Push	Pair Corr
0.8	CME	CME Group	Pair Corr
0.8	V	Visa Class A	Pair Corr
0.79	DIST	Distoken Acquisition	Pair Corr
0.56	L	Loews Corp	Pair Corr
0.49	COIN	Coinbase Global	Pair Corr
0.45	NDAQ	Nasdaq Inc	Pair Corr
0.42	BN	Brookfield Corp	Pair Corr
0.39	BK	Bank of New York	Pair Corr
0.39	CG	Carlyle Group	Pair Corr
0.34	CM	Canadian Imperial Bank Sell-off Trend	Pair Corr
0.33	MSCI	MSCI Inc	Pair Corr
0.9	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.78	RM	Regional Management Corp Normal Trading	Pair Corr
0.77	LC	LendingClub Corp	Pair Corr
0.73	PX	P10 Inc	Pair Corr
0.7	QD	Qudian Inc	Pair Corr
0.58	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.55	HG	Hamilton Insurance Group,	Pair Corr
0.45	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.44	MA	Mastercard	Pair Corr
0.43	MC	Moelis	Pair Corr
0.38	DB	Deutsche Bank AG Normal Trading	Pair Corr

Related Correlations Analysis

	SMFL	BTTR	FAMI	LSF	PLAG	SNAX	PFODF	RIBT	FREE	SHRG
SMFL		-0.51	0.22	-0.34	-0.12	0.61	-0.66	0.07	-0.6	-0.73	SMFL
BTTR	-0.51		-0.12	0.21	-0.34	-0.66	0.5	0.4	0.57	0.42	BTTR
FAMI	0.22	-0.12		-0.44	-0.09	0.11	-0.07	0.11	0.07	-0.15	FAMI
LSF	-0.34	0.21	-0.44		0.07	0.02	-0.1	-0.39	-0.2	0.1	LSF
PLAG	-0.12	-0.34	-0.09	0.07		0.23	-0.04	-0.32	-0.1	0.12	PLAG
SNAX	0.61	-0.66	0.11	0.02	0.23		-0.82	-0.55	-0.8	-0.68	SNAX
PFODF	-0.66	0.5	-0.07	-0.1	-0.04	-0.82		0.45	0.8	0.85	PFODF
RIBT	0.07	0.4	0.11	-0.39	-0.32	-0.55	0.45		0.5	0.26	RIBT
FREE	-0.6	0.57	0.07	-0.2	-0.1	-0.8	0.8	0.5		0.68	FREE
SHRG	-0.73	0.42	-0.15	0.1	0.12	-0.68	0.85	0.26	0.68		SHRG
	SMFL	BTTR	FAMI	LSF	PLAG	SNAX	PFODF	RIBT	FREE	SHRG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SHRG	+ 0.85	PFODF
FREE	+ 0.8	PFODF
SHRG	+ 0.68	FREE
SNAX	+ 0.61	SMFL
FREE	+ 0.57	BTTR
PFODF	+ 0.5	BTTR

High negative correlations

PFODF	- 0.82	SNAX
FREE	- 0.8	SNAX
SHRG	- 0.73	SMFL
SHRG	- 0.68	SNAX
SNAX	- 0.66	BTTR
PFODF	- 0.66	SMFL

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
SMFL	10.70	(4.28)	0.00	(10.71)	0.00	0.00	17.44	(25.00)	142.62
BTTR	4.46	0.32	0.06	0.28	4.94	(5.11)	11.30	(7.69)	22.90
FAMI	5.56	0.30	0.03	(0.15)	6.47	(7.07)	11.54	(11.11)	43.91
LSF	4.24	0.38	0.08	0.63	4.52	(4.76)	9.06	(7.79)	34.96
PLAG	6.98	0.84	0.09	(2.26)	8.53	(8.01)	15.67	(13.62)	65.79
SNAX	3.73	(0.24)	0.00	0.71	0.00	0.00	7.14	(7.50)	29.38
PFODF	0.65	0.25	0.00	(1.63)	0.00	0.00	0.00	0.00	26.69
RIBT	3.04	(0.15)	0.00	(0.31)	0.00	0.00	5.56	(7.00)	16.03
FREE	0.15	0.01	(0.05)	(0.30)	0.11	(0.27)	0.21	(0.41)	1.04
SHRG	21.08	7.62	0.17	(0.82)	15.38	(70.70)	68.57	(49.00)	263.03

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

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

2024 Macroaxis LLC