BitVentures Correlations

BVC Stock

8.88 0.05 0.56%

The current 90-days correlation between BitVentures Limited and Upland Software is 0.23 (i.e., Modest diversification). The correlation of BitVentures 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.

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Moving against BitVentures Stock

0.37	GME	GameStop Corp	Pair Corr
0.31	OIA	Invesco Municipal Income	Pair Corr
0.33	TYGO	Tigo Energy Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PSQH	QH	API	IDN	SAIH	SOGP	CMTL	ATHR	GCTS	UPLD
PSQH		0.01	-0.76	-0.64	-0.26	-0.01	-0.74	0.27	0.69	0.89	PSQH
QH	0.01		-0.08	0.41	0.61	-0.07	-0.19	0.46	0.33	-0.07	QH
API	-0.76	-0.08		0.34	0.41	0.37	0.87	-0.37	-0.77	-0.77	API
IDN	-0.64	0.41	0.34		0.42	-0.19	0.22	0.21	-0.22	-0.48	IDN
SAIH	-0.26	0.61	0.41	0.42		0.13	0.32	0.15	-0.18	-0.42	SAIH
SOGP	-0.01	-0.07	0.37	-0.19	0.13		0.2	-0.13	-0.04	-0.12	SOGP
CMTL	-0.74	-0.19	0.87	0.22	0.32	0.2		-0.36	-0.87	-0.75	CMTL
ATHR	0.27	0.46	-0.37	0.21	0.15	-0.13	-0.36		0.46	0.27	ATHR
GCTS	0.69	0.33	-0.77	-0.22	-0.18	-0.04	-0.87	0.46		0.63	GCTS
UPLD	0.89	-0.07	-0.77	-0.48	-0.42	-0.12	-0.75	0.27	0.63		UPLD
	PSQH	QH	API	IDN	SAIH	SOGP	CMTL	ATHR	GCTS	UPLD

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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

UPLD	+ 0.89	PSQH
CMTL	+ 0.87	API
GCTS	+ 0.69	PSQH
UPLD	+ 0.63	GCTS
SAIH	+ 0.61	QH
ATHR	+ 0.46	QH

High negative correlations

GCTS	- 0.87	CMTL
UPLD	- 0.77	API
GCTS	- 0.77	API
API	- 0.76	PSQH
UPLD	- 0.75	CMTL
CMTL	- 0.74	PSQH

Risk-Adjusted Indicators

There is a big difference between BitVentures Stock performing well and BitVentures 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 BitVentures' 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
PSQH	3.37	(1.63)	0.00	(0.75)	0.00	0.00	5.36	(8.53)	19.40
QH	6.31	0.04	0.00	0.02	0.00	0.00	21.00	(13.49)	65.89
API	1.99	0.28	0.08	(2.18)	2.48	(2.16)	4.88	(4.71)	15.98
IDN	3.16	0.44	0.09	(0.25)	3.14	(3.71)	5.94	(5.44)	47.19
SAIH	4.20	0.00	0.00	0.05	0.00	0.00	7.21	(8.99)	51.10
SOGP	4.26	(0.07)	0.00	0.02	5.12	(5.09)	10.82	(10.01)	37.07
CMTL	3.84	1.00	0.21	1.23	4.01	(4.71)	8.77	(6.75)	22.76
ATHR	2.91	(0.07)	0.00	(0.29)	0.00	0.00	7.88	(6.94)	25.31
GCTS	3.34	(0.27)	0.00	(1.25)	0.00	0.00	6.62	(7.94)	35.21
UPLD	2.24	(0.75)	0.00	(0.52)	0.00	0.00	5.23	(5.42)	11.78

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