BitVentures Correlations
| BVC Stock | 7.03 0.18 2.63% |
The current 90-days correlation between BitVentures Limited and Heritage Insurance Hldgs is -0.15 (i.e., Good 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.
BitVentures Correlation With Market
Very good diversification
The correlation between BitVentures Limited and DJI is -0.41 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BitVentures Limited and DJI in the same portfolio, assuming nothing else is changed.
BitVentures | Build AI portfolio with BitVentures Stock |
Moving together with BitVentures Stock
Moving against BitVentures Stock
| 0.67 | HHI | Henderson High Income | PairCorr |
| 0.66 | RA | Brookfield Real Assets | PairCorr |
| 0.63 | WT | WisdomTree | PairCorr |
| 0.56 | FT | Franklin Universal Closed | PairCorr |
| 0.51 | SPT6 | Beta Systems Software | PairCorr |
| 0.35 | DHIL | Diamond Hill Investment | PairCorr |
| 0.65 | VCTR | Victory Capital Holdings | PairCorr |
| 0.58 | MNTN | Schiehallion Fund | PairCorr |
| 0.54 | MNG | MG Plc | PairCorr |
| 0.53 | ALPN | Alpine Select AG | PairCorr |
| 0.49 | SSSS-P | Shooting Star Acquisition | PairCorr |
| 0.32 | JLEN | JLEN Environmental Assets | PairCorr |
| 0.66 | 8KF | ICHIYOSHI SECS LTD | PairCorr |
| 0.6 | SII | Sprott Inc | PairCorr |
| 0.59 | 8KC | IDI SCA INH | PairCorr |
| 0.54 | XOX-P | Planet X Capital | PairCorr |
Related Correlations Analysis
| -0.59 | -0.62 | 0.0 | -0.72 | 0.63 | HRTG | ||
| -0.59 | 0.66 | 0.0 | 0.74 | -0.27 | PIAIF | ||
| -0.62 | 0.66 | 0.0 | 0.8 | -0.39 | PMNXF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BLNMF | ||
| -0.72 | 0.74 | 0.8 | 0.0 | -0.64 | CGNMF | ||
| 0.63 | -0.27 | -0.39 | 0.0 | -0.64 | NP | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRTG | 2.01 | 0.03 | 0.00 | 0.12 | 2.38 | 2.99 | 19.35 | |||
| PIAIF | 2.52 | 0.28 | 0.05 | 0.93 | 2.83 | 5.56 | 24.23 | |||
| PMNXF | 2.28 | 0.33 | 0.09 | 0.48 | 2.86 | 4.88 | 19.23 | |||
| BLNMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CGNMF | 2.42 | 0.91 | 0.13 | 27.25 | 1.74 | 9.62 | 22.93 | |||
| NP | 3.08 | (0.16) | 0.00 | (0.08) | 0.00 | 5.87 | 27.65 |