Bit Origin Correlations

BTOG Stock

USD 0.41 0.04 10.81%

The current 90-days correlation between Bit Origin and Coffee Holding Co is 0.2 (i.e., Modest 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

Weak diversification

The correlation between Bit Origin and DJI is 0.36 (i.e., Weak 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.

Build AI portfolio with Bit Stock

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 producer price index.

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

Moving against Bit Stock

0.51	603288	Foshan Haitian Flavouring Earnings Call This Week	Pair Corr
0.44	002568	Shanghai Bairun Flavor Earnings Call This Week	Pair Corr
0.38	002216	Sanquan Food	Pair Corr
0.37	002840	Zhejiang Huatong Meat	Pair Corr
0.36	603866	Shenyang Toly Bread	Pair Corr
0.4	300783	Three Squirrels	Pair Corr
0.39	002650	Jiajia Food Group	Pair Corr

Related Correlations Analysis

	JVA	BOF	COOT	NCRA	MWYN	BTCT	NAII	BON	BLNE	PLAG
JVA		0.08	-0.08	-0.31	0.64	0.64	-0.4	0.44	0.67	0.24	JVA
BOF	0.08		-0.03	-0.17	0.25	0.23	0.14	-0.19	-0.11	0.03	BOF
COOT	-0.08	-0.03		0.33	0.0	-0.22	-0.57	0.48	0.28	0.68	COOT
NCRA	-0.31	-0.17	0.33		-0.09	-0.14	-0.16	0.03	-0.12	0.2	NCRA
MWYN	0.64	0.25	0.0	-0.09		0.65	-0.43	0.44	0.6	0.24	MWYN
BTCT	0.64	0.23	-0.22	-0.14	0.65		-0.22	0.21	0.38	0.12	BTCT
NAII	-0.4	0.14	-0.57	-0.16	-0.43	-0.22		-0.92	-0.85	-0.61	NAII
BON	0.44	-0.19	0.48	0.03	0.44	0.21	-0.92		0.84	0.57	BON
BLNE	0.67	-0.11	0.28	-0.12	0.6	0.38	-0.85	0.84		0.42	BLNE
PLAG	0.24	0.03	0.68	0.2	0.24	0.12	-0.61	0.57	0.42		PLAG
	JVA	BOF	COOT	NCRA	MWYN	BTCT	NAII	BON	BLNE	PLAG

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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

BLNE	+ 0.84	BON
PLAG	+ 0.68	COOT
BLNE	+ 0.67	JVA
BTCT	+ 0.65	MWYN
MWYN	+ 0.64	JVA
BTCT	+ 0.64	JVA

High negative correlations

BON	- 0.92	NAII
BLNE	- 0.85	NAII
PLAG	- 0.61	NAII
NAII	- 0.57	COOT
NAII	- 0.43	MWYN
NAII	- 0.4	JVA

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
JVA	2.07	(0.18)	0.00	(0.07)	0.00	0.00	5.00	(4.89)	15.10
BOF	2.44	(0.06)	(0.01)	0.01	3.36	(3.12)	3.47	(3.30)	14.48
COOT	8.31	3.16	0.42	17.49	4.77	(13.30)	15.49	(8.67)	188.83
NCRA	2.52	0.32	0.07	(0.21)	2.23	(3.88)	6.67	(4.03)	18.93
MWYN	5.90	0.17	0.01	(0.15)	6.33	(8.59)	13.25	(10.22)	76.52
BTCT	3.25	(0.49)	0.00	(0.14)	0.00	0.00	5.31	(6.12)	17.91
NAII	2.56	(0.44)	0.00	(0.30)	0.00	0.00	5.56	(5.51)	14.31
BON	2.75	0.50	0.13	0.95	2.73	(3.57)	6.15	(5.11)	32.56
BLNE	7.39	0.69	0.08	0.89	7.58	(9.12)	18.44	(12.16)	47.62
PLAG	4.72	0.40	0.06	0.24	6.79	(4.87)	11.73	(8.54)	39.04

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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