Bitterroot Resources Correlations
| BITTF Stock | USD 0.05 -0.0014 -2.77% |
Bitterroot Resources's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.
Correlation With Market: Bitterroot Resources
Poor diversification
BITTF currently posts a 0.68 correlation with DJI, indicating a Poor diversification relationship for the active sample. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Bitterroot |
Return correlation data for Bitterroot Resources reflects its behavior alongside similar assets. The data captures return relationships using observed price behavior. Substantially identical replacement restrictions may apply under certain wash sale rules. This dataset is provided as reference and does not constitute guidance.
Moving together with Bitterroot Pink Sheet
Moving against Bitterroot Pink Sheet
| 0.57 | LHGI | Lighthouse Global | PairCorr |
| 0.46 | CBDW | 1606 Corp | PairCorr |
| 0.32 | SBRA | Sabra Healthcare REIT | PairCorr |
Related Correlations Analysis
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
Strong stock returns do not always mean Bitterroot Resources Company is outperforming its peers on a fundamental level. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bitterroot Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DECXF | 11.10 | 2.11 | 0.14 | 1.11 | 11.39 | 33.33 | 106.67 | |||
| BGAVF | 22.85 | 7.63 | 0.50 | -0.41 | 13.81 | 23.64 | 699.41 | |||
| PEMSF | 7.29 | 0.71 | 0.12 | -0.53 | 6.50 | 12.42 | 138.60 | |||
| TMASF | 3.57 | 0.47 | 0.03 | 0.07 | 4.64 | 11.76 | 37.22 | |||
| CCWOF | 4.85 | -0.32 | 0.00 | -0.33 | 0.00 | 11.11 | 31.58 | |||
| CBEEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TMRFF | 7.50 | 0.15 | 0.00 | -0.13 | 0.00 | 26.00 | 170.48 | |||
| MGXMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZUUZF | 8.86 | 1.31 | 0.07 | 2.86 | 10.12 | 32.69 | 76.79 | |||
| AVPMF | 17.29 | 6.20 | 0.12 | 1.31 | 14.51 | 75.00 | 212.99 |
Be your own money manager
Serious investors usually evaluate Bitterroot Resources in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.
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