XTRA Bitcoin Correlations

CBTC Stock

USD 0.0006 0.0001 14.29%

The current 90-days correlation between XTRA Bitcoin and Fund Inc is 0.01 (i.e., Significant diversification). The correlation of XTRA Bitcoin 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.

XTRA Bitcoin Correlation With Market

Pay attention - limited upside

The correlation between XTRA Bitcoin and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XTRA Bitcoin and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to XTRA Bitcoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XTRA Bitcoin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back XTRA Bitcoin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling XTRA Bitcoin to buy it.

Moving together with XTRA Pink Sheet

0.73	MSFT	Microsoft	Pair Corr
0.81	PBCRY	Bank Central Asia	Pair Corr

Moving against XTRA Pink Sheet

0.85	TSM	Taiwan Semiconductor	Pair Corr
0.82	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.73	BMYMP	Bristol Myers Squibb	Pair Corr
0.55	GOOG	Alphabet Class C	Pair Corr
0.46	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.43	META	Meta Platforms	Pair Corr
0.41	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.85	FRSB	First Resource Bank	Pair Corr
0.83	TOGOF	TomaGold	Pair Corr
0.82	CGECF	Cogeco Inc	Pair Corr
0.82	YLLXF	Yellow Cake plc	Pair Corr
0.78	MEEEF	Metal Energy Corp	Pair Corr
0.75	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.75	MTGRF	Mount Gibson Iron	Pair Corr
0.72	NTZ	Natuzzi SpA	Pair Corr
0.71	AES	AES Earnings Call This Week	Pair Corr
0.7	GRBK	Green Brick Partners Earnings Call This Week	Pair Corr
0.69	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.6	MXCHY	Orbia Advance Corp	Pair Corr
0.59	MEGI	MainStay CBRE Global	Pair Corr
0.56	JLHL	Julong Holding Upward Rally	Pair Corr
0.34	NNRHF	Neinor Homes SA Earnings Call This Week	Pair Corr
0.8	TATT	Tat Techno	Pair Corr
0.79	BLAGF	Blue Lagoon Resources	Pair Corr
0.79	USPH	US Physicalrapy	Pair Corr
0.76	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.75	GS	Goldman Sachs Group	Pair Corr
0.72	INTC	Intel	Pair Corr

Related Correlations Analysis

	FNDM	MNTR	BIDCF	GRNBF	BLQC	BKLIF	MXLGF	PLPL	BKBLF	IBRC
FNDM		-0.06	0.38	0.49	0.0	-0.36	-0.18	0.14	0.0	0.0	FNDM
MNTR	-0.06		-0.13	0.45	0.48	-0.27	0.09	-0.15	0.0	0.0	MNTR
BIDCF	0.38	-0.13		0.17	-0.11	-0.05	-0.09	-0.06	0.0	0.0	BIDCF
GRNBF	0.49	0.45	0.17		0.57	-0.63	-0.19	-0.22	0.0	0.0	GRNBF
BLQC	0.0	0.48	-0.11	0.57		-0.62	0.02	-0.1	0.0	0.0	BLQC
BKLIF	-0.36	-0.27	-0.05	-0.63	-0.62		0.4	0.14	0.0	0.0	BKLIF
MXLGF	-0.18	0.09	-0.09	-0.19	0.02	0.4		0.15	0.0	0.0	MXLGF
PLPL	0.14	-0.15	-0.06	-0.22	-0.1	0.14	0.15		0.0	0.0	PLPL
BKBLF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		1.0	BKBLF
IBRC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0		IBRC
	FNDM	MNTR	BIDCF	GRNBF	BLQC	BKLIF	MXLGF	PLPL	BKBLF	IBRC

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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

IBRC	+ 1.0	BKBLF
BLQC	+ 0.57	GRNBF
GRNBF	+ 0.49	FNDM
BLQC	+ 0.48	MNTR
GRNBF	+ 0.45	MNTR
MXLGF	+ 0.4	BKLIF

High negative correlations

BKLIF	- 0.63	GRNBF
BKLIF	- 0.62	BLQC
BKLIF	- 0.36	FNDM
BKLIF	- 0.27	MNTR
PLPL	- 0.22	GRNBF
MXLGF	- 0.19	GRNBF

Risk-Adjusted Indicators

There is a big difference between XTRA Pink Sheet performing well and XTRA Bitcoin 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 XTRA Bitcoin'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
FNDM	37.55	17.31	0.00	(1.32)	0.00	0.00	1.18	0.00	1,133
MNTR	6.90	0.19	0.02	0.15	7.78	(11.10)	12.50	(12.82)	45.00
BIDCF	10.14	0.28	0.02	0.11	12.28	(15.63)	30.19	(24.19)	66.19
GRNBF	2.69	(1.39)	0.00	(2.56)	0.00	0.00	0.00	0.00	90.00
BLQC	10.78	(0.51)	0.00	(0.05)	0.00	0.00	30.00	(20.50)	90.28
BKLIF	86.56	40.42	0.00	0.52	0.00	0.00	0.00	0.00	2,930
MXLGF	6.59	1.17	0.00	0.44	0.00	0.00	0.00	(16.00)	140.48
PLPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKBLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IBRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in XTRA Bitcoin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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