BTC Digital Correlations

BTCT Stock

15.88 0.03 0.19%

The current 90-days correlation between BTC Digital and Xunlei Ltd Adr is -0.07 (i.e., Good diversification). The correlation of BTC Digital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BTC Digital Correlation With Market

Good diversification

The correlation between BTC Digital and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BTC Digital and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BTC Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy BTC Stock please use our How to Invest in BTC Digital guide.

Moving together with BTC Stock

0.83	CAN	Canaan Inc Buyout Trend	Pair Corr
0.71	RMBS	Rambus Inc	Pair Corr
0.61	SITM	Sitime	Pair Corr
0.61	S	SentinelOne	Pair Corr
0.76	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.85	KD	Kyndryl Holdings	Pair Corr
0.78	NN	Nextnav Acquisition Corp	Pair Corr
0.76	ZM	Zoom Video Communications	Pair Corr
0.86	EPAM	EPAM Systems	Pair Corr
0.66	WDAY	Workday	Pair Corr
0.79	FICO	Fair Isaac	Pair Corr
0.87	APP	Applovin Corp	Pair Corr
0.75	CRM	Salesforce Earnings Call This Week	Pair Corr

Moving against BTC Stock

0.9	MPWR	Monolithic Power Systems	Pair Corr
0.89	MCHP	Microchip Technology	Pair Corr
0.75	SWKS	Skyworks Solutions	Pair Corr
0.74	QRVO	Qorvo Inc	Pair Corr
0.73	ADI	Analog Devices	Pair Corr
0.71	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.69	AMKR	Amkor Technology	Pair Corr
0.58	SLAB	Silicon Laboratories	Pair Corr
0.57	NXPI	NXP Semiconductors	Pair Corr
0.41	WOLF	Wolfspeed Trending	Pair Corr
0.4	ON	ON Semiconductor	Pair Corr
0.84	CDW	CDW Corp	Pair Corr
0.61	DM	Desktop Metal	Pair Corr
0.45	STX	Seagate Technology PLC	Pair Corr

Related Correlations Analysis

	FORM	XNET	WPP	IPGP	KLIC	IAS	OGSM
FORM		-0.06	-0.5	-0.24	-0.28	-0.19	0.0	FORM
XNET	-0.06		0.67	0.76	0.73	0.03	0.0	XNET
WPP	-0.5	0.67		0.89	0.81	0.42	0.0	WPP
IPGP	-0.24	0.76	0.89		0.86	0.47	0.0	IPGP
KLIC	-0.28	0.73	0.81	0.86		0.3	0.0	KLIC
IAS	-0.19	0.03	0.42	0.47	0.3		0.0	IAS
OGSM	0.0	0.0	0.0	0.0	0.0	0.0		OGSM
	FORM	XNET	WPP	IPGP	KLIC	IAS	OGSM

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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

IPGP	+ 0.89	WPP
KLIC	+ 0.86	IPGP
KLIC	+ 0.81	WPP
IPGP	+ 0.76	XNET
KLIC	+ 0.73	XNET
WPP	+ 0.67	XNET

High negative correlations

WPP	- 0.5	FORM
KLIC	- 0.28	FORM
IPGP	- 0.24	FORM
IAS	- 0.19	FORM
XNET	- 0.06	FORM
OGSM	- 0.0	IAS

Risk-Adjusted Indicators

There is a big difference between BTC Stock performing well and BTC Digital 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 BTC Digital'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
FORM	2.30	(0.55)	0.00	(0.11)	0.00	0.00	4.53	(5.08)	19.85
XNET	2.90	0.33	0.06	0.64	3.68	(3.42)	6.28	(6.12)	30.75
WPP	1.15	0.15	0.08	0.35	1.11	(1.29)	2.12	(1.96)	8.80
IPGP	1.69	(0.02)	0.03	0.11	1.86	(1.80)	4.46	(3.32)	11.69
KLIC	1.94	(0.02)	0.04	0.12	2.36	(1.97)	4.74	(3.06)	11.34
IAS	1.56	(0.13)	0.00	(0.02)	0.00	0.00	3.26	(2.41)	23.54
OGSM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

BTC Digital Corporate Executives

Elected by the shareholders, the BTC Digital's board of directors comprises two types of representatives: BTC Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BTC. The board's role is to monitor BTC Digital's management team and ensure that shareholders' interests are well served. BTC Digital'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, BTC Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.

Yupeng Guo

Acting Founder

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