Bitcoin Well Correlations
| BCNWF Stock | USD 0.08 0 2.00% |
The correlation of Bitcoin Well 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.
Bitcoin Well Correlation With Market
Average diversification
The correlation between Bitcoin Well and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin Well and DJI in the same portfolio, assuming nothing else is changed.
Bitcoin |
The ability to find closely correlated positions to Bitcoin Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitcoin Well 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 Bitcoin Well - 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 Bitcoin Well to buy it.
Moving together with Bitcoin OTC Stock
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.67 | PTITF | PT Indosat Tbk | PairCorr |
| 0.8 | CAT | Caterpillar | PairCorr |
| 0.76 | AXP | American Express | PairCorr |
Moving against Bitcoin OTC Stock
| 0.67 | TCTZF | Tencent Holdings Downward Rally | PairCorr |
| 0.61 | CWCO | Consolidated Water Earnings Call This Week | PairCorr |
| 0.49 | AXSM | Axsome Therapeutics | PairCorr |
| 0.47 | GS-PA | Goldman Sachs | PairCorr |
| 0.47 | EC | Ecopetrol SA ADR | PairCorr |
| 0.46 | MS-PK | Morgan Stanley | PairCorr |
| 0.45 | BAOB | Baraboo Bancorporation | PairCorr |
| 0.33 | PTAIF | PT Astra International | PairCorr |
| 0.78 | VZ | Verizon Communications | PairCorr |
| 0.77 | JNJ | Johnson Johnson | PairCorr |
| 0.75 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.68 | TRV | The Travelers Companies | PairCorr |
| 0.67 | PG | Procter Gamble | PairCorr |
| 0.54 | NVRO | Nevro Corp | PairCorr |
| 0.53 | IBM | International Business | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bitcoin OTC Stock performing well and Bitcoin Well OTC Stock 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 Bitcoin Well'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPNNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARCNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OZFRY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EBML | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MATEF | 9.73 | 0.84 | 0.09 | (34.17) | 8.97 | 30.77 | 101.82 | |||
| APPCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAMTF | 7.13 | 0.99 | 0.04 | 0.76 | 9.21 | 20.00 | 147.62 | |||
| AGBAW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATCC | 1.49 | (0.80) | 0.00 | 1.81 | 0.00 | 0.00 | 50.00 | |||
| ABSOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Bitcoin Well Corporate Management
Elected by the shareholders, the Bitcoin Well's board of directors comprises two types of representatives: Bitcoin Well inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bitcoin. The board's role is to monitor Bitcoin Well's management team and ensure that shareholders' interests are well served. Bitcoin Well's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bitcoin Well's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Bradley | Chief Director | Profile | |
| Myles Dougan | Director Relations | Profile | |
| Heather Barnhouse | Co Sec | Profile | |
| Adam OBrien | President, Founder | Profile | |
| Karen Smola | Director Marketing | Profile |