XTRA Bitcoin Correlations

CBTC Stock

USD 0 0.0002 12.50%

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

Average diversification

The correlation between XTRA Bitcoin 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 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

0.77	NVDA	NVIDIA	Pair Corr
0.71	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.74	BMYMP	Bristol Myers Squibb	Pair Corr
0.84	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.74	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	DIS	Walt Disney Sell-off Trend	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against XTRA Pink Sheet

0.86	TLK	Telkom Indonesia Tbk	Pair Corr
0.83	PPERY	Bank Mandiri Persero	Pair Corr
0.82	BKRKY	Bank Rakyat	Pair Corr
0.73	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.59	PTAIY	Astra International Tbk	Pair Corr
0.88	KO	Coca Cola Aggressive Push	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.76	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.51	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.46	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	CCTL	ICOA	NSAV	LGHL	CBTTF	DBKSF	BLQC	BRPHF	HAON	CBYI
CCTL		0.0	0.54	0.34	0.28	0.86	-0.12	-0.2	0.0	0.0	CCTL
ICOA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	1.0	1.0	ICOA
NSAV	0.54	0.0		0.5	0.54	0.54	-0.49	-0.64	0.0	0.0	NSAV
LGHL	0.34	0.0	0.5		0.39	0.29	-0.27	-0.38	0.0	0.0	LGHL
CBTTF	0.28	0.0	0.54	0.39		0.25	-0.34	-0.32	0.0	0.0	CBTTF
DBKSF	0.86	0.0	0.54	0.29	0.25		-0.06	-0.22	0.0	0.0	DBKSF
BLQC	-0.12	0.0	-0.49	-0.27	-0.34	-0.06		0.62	0.0	0.0	BLQC
BRPHF	-0.2	0.0	-0.64	-0.38	-0.32	-0.22	0.62		0.0	0.0	BRPHF
HAON	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0		1.0	HAON
CBYI	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0		CBYI
	CCTL	ICOA	NSAV	LGHL	CBTTF	DBKSF	BLQC	BRPHF	HAON	CBYI

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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

HAON	+ 1.0	ICOA
CBYI	+ 1.0	ICOA
CBYI	+ 1.0	HAON
DBKSF	+ 0.86	CCTL
BRPHF	+ 0.62	BLQC
NSAV	+ 0.54	CCTL

High negative correlations

BRPHF	- 0.64	NSAV
BLQC	- 0.49	NSAV
BRPHF	- 0.38	LGHL
BLQC	- 0.34	CBTTF
BRPHF	- 0.32	CBTTF
BLQC	- 0.27	LGHL

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
CCTL	6.04	0.61	0.00	(0.12)	0.00	0.00	0.00	0.00	150.00
ICOA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NSAV	12.07	0.20	0.01	0.32	15.45	(21.31)	19.05	(19.05)	255.56
LGHL	4.71	(0.04)	(0.02)	(0.03)	5.23	(7.41)	11.11	(9.09)	36.32
CBTTF	5.49	(0.61)	0.00	(0.08)	0.00	0.00	12.87	(11.03)	47.53
DBKSF	4.26	(0.42)	0.00	0.35	0.00	0.00	0.00	0.00	148.76
BLQC	7.25	0.72	0.10	0.48	6.91	(10.57)	20.97	(14.29)	50.86
BRPHF	3.80	0.31	0.15	0.20	3.95	(4.16)	8.05	(7.25)	35.75
HAON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBYI	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.

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