Bit Origin Correlations

BTOG Stock

USD 4.04 0.36 8.18%

The current 90-days correlation between Bit Origin and Eastside Distilling is 0.04 (i.e., Significant 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

Excellent diversification

The correlation between Bit Origin and DJI is -0.66 (i.e., Excellent 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

0.83	LW	Lamb Weston Holdings	Pair Corr
0.82	VITL	Vital Farms	Pair Corr
0.93	EDBL	Edible Garden AG	Pair Corr
0.74	002311	Guangdong Haid Group	Pair Corr
0.67	002840	Zhejiang Huatong Meat	Pair Corr
0.8	FAMI	Farmmi Inc	Pair Corr
0.64	FARM	Farmer Bros	Pair Corr
0.8	002481	Yan Tai Shuang	Pair Corr
0.64	002650	Jiajia Food Group	Pair Corr
0.75	BON	Bon Natural Life	Pair Corr
0.8	CPB	Campbells	Pair Corr
0.66	FLO	Flowers Foods	Pair Corr
0.95	FTFT	Future Fintech Group	Pair Corr

Moving against Bit Stock

0.87	RE-B	REA Holdings plc	Pair Corr
0.82	600257	Dahu Aquaculture	Pair Corr
0.77	DOLE	Dole PLC	Pair Corr
0.73	AEP	Anglo Eastern Planta	Pair Corr
0.5	000798	CNFC Overseas Fishery	Pair Corr
0.47	002216	Sanquan Food	Pair Corr
0.38	603697	Youyou Foods Co	Pair Corr
0.7	605016	Shandong Bailong Chu	Pair Corr
0.61	002696	Baiyang Aquatic Group	Pair Corr
0.43	BOF	BranchOut Food Common	Pair Corr
0.36	300143	INKON Life Technology	Pair Corr
0.81	JBS	JBS NV	Pair Corr
0.78	FRPT	Freshpet	Pair Corr
0.75	PPC	Pilgrims Pride Corp	Pair Corr
0.73	APN	Applied Nutrition Plc	Pair Corr
0.64	HSY	Hershey	Pair Corr
0.47	HRL	Hormel Foods	Pair Corr

Related Correlations Analysis

	NAII	MWYN	AACG	JVA	MTEX	PLAG	EDTK	BEDU	BON	BLNE
NAII		-0.11	-0.41	-0.23	-0.64	0.63	-0.28	0.67	-0.52	0.01	NAII
MWYN	-0.11		0.13	0.42	-0.07	-0.08	0.2	-0.42	0.43	0.57	MWYN
AACG	-0.41	0.13		0.39	0.65	-0.21	0.86	-0.53	0.7	0.33	AACG
JVA	-0.23	0.42	0.39		-0.02	-0.27	0.41	-0.69	0.35	0.67	JVA
MTEX	-0.64	-0.07	0.65	-0.02		-0.34	0.5	-0.41	0.61	-0.16	MTEX
PLAG	0.63	-0.08	-0.21	-0.27	-0.34		-0.21	0.4	-0.29	0.17	PLAG
EDTK	-0.28	0.2	0.86	0.41	0.5	-0.21		-0.47	0.64	0.34	EDTK
BEDU	0.67	-0.42	-0.53	-0.69	-0.41	0.4	-0.47		-0.63	-0.5	BEDU
BON	-0.52	0.43	0.7	0.35	0.61	-0.29	0.64	-0.63		0.29	BON
BLNE	0.01	0.57	0.33	0.67	-0.16	0.17	0.34	-0.5	0.29		BLNE
	NAII	MWYN	AACG	JVA	MTEX	PLAG	EDTK	BEDU	BON	BLNE

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

EDTK	+ 0.86	AACG
BON	+ 0.7	AACG
BEDU	+ 0.67	NAII
BLNE	+ 0.67	JVA
MTEX	+ 0.65	AACG
BON	+ 0.64	EDTK

High negative correlations

BEDU	- 0.69	JVA
MTEX	- 0.64	NAII
BON	- 0.63	BEDU
BEDU	- 0.53	AACG
BON	- 0.52	NAII
BLNE	- 0.5	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	3.10	0.76	0.18	(2.71)	3.00	(3.53)	9.16	(5.65)	28.68
MWYN	3.17	(0.22)	0.00	(0.04)	0.00	0.00	7.50	(7.87)	29.68
AACG	3.89	(0.17)	0.00	(0.07)	0.00	0.00	8.89	(8.51)	21.67
JVA	2.11	(0.20)	0.00	(0.08)	0.00	0.00	5.54	(4.41)	16.33
MTEX	3.17	(0.21)	0.00	(0.83)	0.00	0.00	5.11	(6.51)	36.78
PLAG	6.17	0.74	0.07	(0.65)	8.40	(6.64)	17.28	(13.96)	65.84
EDTK	1.98	0.00	(0.02)	0.12	2.55	(2.20)	4.12	(4.76)	12.61
BEDU	1.42	0.47	0.16	2.00	1.38	(2.16)	3.72	(2.24)	21.46
BON	2.72	(0.21)	0.00	(0.09)	0.00	0.00	7.55	(6.83)	18.75
BLNE	5.45	0.15	0.03	0.13	6.79	(5.78)	13.82	(10.41)	27.16

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

2026 Macroaxis LLC