Correlation Between Bitcoin Depot and RB Global
Can any of the company-specific risk be diversified away by investing in both Bitcoin Depot and RB Global at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Bitcoin Depot and RB Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bitcoin Depot and RB Global, you can compare the effects of market volatilities on Bitcoin Depot and RB Global and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Bitcoin Depot with a short position of RB Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bitcoin Depot and RB Global.
Diversification Opportunities for Bitcoin Depot and RB Global
-0.59 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Bitcoin and RBA is -0.59. Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin Depot and RB Global in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RB Global and Bitcoin Depot is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Bitcoin Depot are associated (or correlated) with RB Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RB Global has no effect on the direction of Bitcoin Depot i.e., Bitcoin Depot and RB Global go up and down completely randomly.
Pair Corralation between Bitcoin Depot and RB Global
Considering the 90-day investment horizon Bitcoin Depot is expected to under-perform the RB Global. In addition to that, Bitcoin Depot is 2.65 times more volatile than RB Global. It trades about -0.2 of its total potential returns per unit of risk. RB Global is currently generating about 0.04 per unit of volatility. If you would invest 9,804 in RB Global on November 16, 2025 and sell it today you would earn a total of 396.00 from holding RB Global or generate 4.04% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Bitcoin Depot vs. RB Global
Performance |
| Timeline |
| Bitcoin Depot |
| RB Global |
Bitcoin Depot and RB Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bitcoin Depot and RB Global
The main advantage of trading using opposite Bitcoin Depot and RB Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bitcoin Depot position performs unexpectedly, RB Global can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RB Global will offset losses from the drop in RB Global's long position.| Bitcoin Depot vs. Dominari Holdings | Bitcoin Depot vs. Plutus Financial Group | Bitcoin Depot vs. Sol Strategies Common | Bitcoin Depot vs. Income Opportunity Realty |
| RB Global vs. Global Payments | RB Global vs. UL Solutions | RB Global vs. FTAI Aviation | RB Global vs. Rentokil Initial PLC |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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