Bit Origin Correlations

BTOG Stock

USD 0.26 0.02 7.14%

The current 90-days correlation between Bit Origin and Better Choice is -0.06 (i.e., Good diversification). The correlation of Bit Origin 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.

Bit Origin Correlation With Market

Significant diversification

The correlation between Bit Origin and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bit Origin 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 Bit Origin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.

Moving together with Bit Stock

0.87	VALU	Value Line	Pair Corr
0.74	FDS	FactSet Research Systems Earnings Call Today	Pair Corr
0.71	MORN	Morningstar	Pair Corr
0.66	MSCI	MSCI Inc	Pair Corr
0.64	COIN	Coinbase Global	Pair Corr
0.8	DHIL	Diamond Hill Investment	Pair Corr
0.68	AX	Axos Financial	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.71	CM	Canadian Imperial Bank	Pair Corr
0.8	LC	LendingClub Corp	Pair Corr

Moving against Bit Stock

0.85	ICE	Intercontinental Exchange	Pair Corr
0.83	V	Visa Class A	Pair Corr
0.82	CME	CME Group	Pair Corr
0.79	CBOE	Cboe Global Markets Low Volatility	Pair Corr
0.77	BK	Bank of New York	Pair Corr
0.66	MKTW	Marketwise	Pair Corr
0.64	QMCI	Quotemedia	Pair Corr
0.47	AB	AllianceBernstein	Pair Corr
0.45	L	Loews Corp	Pair Corr
0.43	SPGI	SP Global	Pair Corr
0.43	C	Citigroup Aggressive Push	Pair Corr
0.41	AC	Associated Capital	Pair Corr
0.37	CB	Chubb	Pair Corr
0.92	GL	Globe Life	Pair Corr
0.92	TD	Toronto Dominion Bank	Pair Corr
0.89	LX	Lexinfintech Holdings	Pair Corr
0.83	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.68	LU	Lufax Holding	Pair Corr
0.68	WF	Woori Financial Group	Pair Corr
0.63	MA	Mastercard	Pair Corr
0.54	PT	Pintec Technology	Pair Corr
0.33	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	SMFL	BTTR	FAMI	LSF	PLAG	SNAX	PFODF	RIBT	FREE	SHRG
SMFL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMFL
BTTR	0.0		0.8	0.79	0.77	0.54	0.0	0.0	0.0	-0.27	BTTR
FAMI	0.0	0.8		0.71	0.74	0.71	0.0	0.0	0.0	-0.39	FAMI
LSF	0.0	0.79	0.71		0.75	0.45	0.0	0.0	0.0	-0.14	LSF
PLAG	0.0	0.77	0.74	0.75		0.29	0.0	0.0	0.0	0.02	PLAG
SNAX	0.0	0.54	0.71	0.45	0.29		0.0	0.0	0.0	-0.74	SNAX
PFODF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PFODF
RIBT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	RIBT
FREE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FREE
SHRG	0.0	-0.27	-0.39	-0.14	0.02	-0.74	0.0	0.0	0.0		SHRG
	SMFL	BTTR	FAMI	LSF	PLAG	SNAX	PFODF	RIBT	FREE	SHRG

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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

FAMI	+ 0.8	BTTR
LSF	+ 0.79	BTTR
PLAG	+ 0.77	BTTR
PLAG	+ 0.75	LSF
PLAG	+ 0.74	FAMI
LSF	+ 0.71	FAMI

High negative correlations

SHRG	- 0.74	SNAX
SHRG	- 0.39	FAMI
SHRG	- 0.27	BTTR
SHRG	- 0.14	LSF
SHRG	- 0.0	FREE
SHRG	- 0.0	RIBT

Risk-Adjusted Indicators

There is a big difference between Bit Stock performing well and Bit Origin 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 Bit Origin'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
SMFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.66	(0.25)	0.00	(0.30)	0.00	0.00	5.56	(6.71)	30.68
FAMI	3.98	(0.84)	0.00	0.95	0.00	0.00	7.36	(8.39)	30.87
LSF	3.82	(0.33)	0.00	(0.30)	0.00	0.00	7.59	(9.10)	28.35
PLAG	4.04	(0.40)	0.00	14.28	0.00	0.00	8.95	(8.52)	22.70
SNAX	4.43	0.01	0.00	(0.09)	0.00	0.00	12.05	(7.50)	50.79
PFODF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RIBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FREE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHRG	23.83	7.10	0.27	(2.08)	16.03	(62.77)	99.00	(33.50)	263.03

Bit Origin Corporate Management

Xia Wang	Chief Officer	Profile
Erick Minaya	Chief Director	Profile
Lucas Wang	Chairman CEO	Profile
Jiaming Li	President	Profile
Jinghai Jiang	Chief Officer	Profile
Du Lianfei	Ex VP	Profile

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