XTRA Bitcoin Correlations

CBTC Stock

USD 0.0007 0.0001 12.50%

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

Excellent diversification

The correlation between XTRA Bitcoin and DJI is -0.63 (i.e., Excellent diversification) 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

0.83	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.69	GLABF	Gemina Laboratories	Pair Corr
0.76	ZTLLF	Zonetail	Pair Corr
0.66	NSFDF	NXT Energy Solutions	Pair Corr
0.83	HPQ	HP Inc	Pair Corr

Moving against XTRA Pink Sheet

0.89	DD	Dupont De Nemours	Pair Corr
0.85	GOOG	Alphabet Class C	Pair Corr
0.84	BMYMP	Bristol Myers Squibb	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.74	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.73	AA	Alcoa Corp Downward Rally	Pair Corr
0.64	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.51	TSM	Taiwan Semiconductor	Pair Corr
0.5	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.42	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.41	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.4	TRV	The Travelers Companies	Pair Corr
0.35	MCD	McDonalds	Pair Corr
0.34	AXP	American Express Earnings Call This Week	Pair Corr
0.33	KO	Coca Cola Aggressive Push	Pair Corr
0.31	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FNDM	MNTR	BIDCF	GRNBF	BLQC	BKLIF	MXLGF	PLPL	BKBLF	IBRC
FNDM		-0.22	0.36	0.3	-0.26	-0.16	-0.19	0.16	0.0	0.0	FNDM
MNTR	-0.22		-0.05	0.48	0.57	-0.14	0.53	-0.1	0.0	0.0	MNTR
BIDCF	0.36	-0.05		0.21	0.09	-0.13	0.07	-0.11	0.0	0.0	BIDCF
GRNBF	0.3	0.48	0.21		0.43	-0.41	0.28	-0.16	0.0	0.0	GRNBF
BLQC	-0.26	0.57	0.09	0.43		-0.21	0.83	0.0	0.0	0.0	BLQC
BKLIF	-0.16	-0.14	-0.13	-0.41	-0.21		0.0	0.06	0.0	0.0	BKLIF
MXLGF	-0.19	0.53	0.07	0.28	0.83	0.0		0.03	0.0	0.0	MXLGF
PLPL	0.16	-0.1	-0.11	-0.16	0.0	0.06	0.03		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

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

IBRC	+ 1.0	BKBLF
MXLGF	+ 0.83	BLQC
BLQC	+ 0.57	MNTR
MXLGF	+ 0.53	MNTR
GRNBF	+ 0.48	MNTR
BLQC	+ 0.43	GRNBF

High negative correlations

BKLIF	- 0.41	GRNBF
BLQC	- 0.26	FNDM
MNTR	- 0.22	FNDM
BKLIF	- 0.21	BLQC
MXLGF	- 0.19	FNDM
PLPL	- 0.16	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	17.98	0.00	(1.06)	0.00	0.00	1.18	0.00	1,133
MNTR	6.74	0.38	0.03	(2.46)	7.73	(10.49)	12.50	(18.18)	45.00
BIDCF	12.38	1.24	0.09	0.28	12.52	(18.69)	40.00	(24.19)	84.11
GRNBF	2.69	(1.42)	0.00	(1.93)	0.00	0.00	0.00	0.00	90.00
BLQC	10.29	(1.26)	0.00	(0.17)	0.00	0.00	21.95	(20.00)	56.06
BKLIF	86.55	37.27	0.00	0.47	0.00	0.00	0.00	0.00	2,900
MXLGF	6.61	0.62	0.02	0.24	9.86	(110.00)	0.00	(21.33)	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.

Did you try this?

Run Investing Opportunities Now

Investing Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences

All Next

Launch Module

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