Bit Origin Correlations

BTOG Stock

USD 2.91 0.11 3.93%

The current 90-days correlation between Bit Origin and Eastside Distilling is -0.09 (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

Pay attention - limited upside

The correlation between Bit Origin and DJI is -0.74 (i.e., Pay attention - limited upside) 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 employment.

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

0.69	LW	Lamb Weston Holdings	Pair Corr
0.73	3GS	Global Sweeteners	Pair Corr
0.85	VITL	Vital Farms	Pair Corr
0.61	0M7	COFCO Joycome Foods	Pair Corr
0.93	EDBL	Edible Garden AG	Pair Corr
0.64	2UO	HAPPINESS DEV GRP Split	Pair Corr
0.71	LSPP	Chocoladefabriken Lindt	Pair Corr
0.75	DKL	Dekeloil Public	Pair Corr
0.69	BON	Bon Natural Life	Pair Corr

Moving against Bit Stock

0.9	GCG	Greencore Group plc	Pair Corr
0.85	7FP	Freshpet	Pair Corr
0.84	AEP	Anglo-Eastern Plantations	Pair Corr
0.81	RE-B	REA Holdings plc	Pair Corr
0.77	DOLE	Dole PLC	Pair Corr
0.34	MTM	MTM Critical Metals	Pair Corr
0.32	5P7	PREMIUM BRANDS HLDGS	Pair Corr
0.88	JDEP	Jde Peets Nv	Pair Corr
0.87	YIR	Yihai International	Pair Corr
0.78	SB7	Saputo Inc	Pair Corr
0.78	WEST	Westrock Coffee	Pair Corr
0.57	SSH	Südwestdeutsche Salzwerke	Pair Corr
0.5	T4H	TreeHouse Foods Earnings Call This Week	Pair Corr
0.43	D7V	PT Mayora Indah	Pair Corr
0.36	RSI	Rogers Sugar	Pair Corr
0.84	FRPT	Freshpet	Pair Corr
0.84	HRL	Hormel Foods	Pair Corr
0.65	APN	Applied Nutrition Plc	Pair Corr
0.6	CAG	ConAgra Foods Aggressive Push	Pair Corr
0.36	CCO	The Calmer	Pair Corr
0.33	JJ1	JJ SNACK FOODS	Pair Corr

Related Correlations Analysis

	NAII	MWYN	AACG	JVA	MTEX	PLAG	EDTK	BEDU	BON	BLNE
NAII		0.09	-0.19	0.11	-0.57	0.4	-0.07	0.52	-0.37	0.49	NAII
MWYN	0.09		-0.03	0.47	0.05	-0.4	0.0	-0.17	0.31	-0.06	MWYN
AACG	-0.19	-0.03		0.03	0.56	-0.13	0.84	-0.6	0.58	-0.04	AACG
JVA	0.11	0.47	0.03		0.18	-0.68	-0.01	-0.36	0.21	-0.38	JVA
MTEX	-0.57	0.05	0.56	0.18		-0.56	0.34	-0.63	0.68	-0.67	MTEX
PLAG	0.4	-0.4	-0.13	-0.68	-0.56		0.02	0.59	-0.44	0.75	PLAG
EDTK	-0.07	0.0	0.84	-0.01	0.34	0.02		-0.55	0.49	0.14	EDTK
BEDU	0.52	-0.17	-0.6	-0.36	-0.63	0.59	-0.55		-0.61	0.48	BEDU
BON	-0.37	0.31	0.58	0.21	0.68	-0.44	0.49	-0.61		-0.34	BON
BLNE	0.49	-0.06	-0.04	-0.38	-0.67	0.75	0.14	0.48	-0.34		BLNE
	NAII	MWYN	AACG	JVA	MTEX	PLAG	EDTK	BEDU	BON	BLNE

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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

EDTK	+ 0.84	AACG
BLNE	+ 0.75	PLAG
BON	+ 0.68	MTEX
BEDU	+ 0.59	PLAG
BON	+ 0.58	AACG
MTEX	+ 0.56	AACG

High negative correlations

PLAG	- 0.68	JVA
BLNE	- 0.67	MTEX
BEDU	- 0.63	MTEX
BON	- 0.61	BEDU
BEDU	- 0.6	AACG
MTEX	- 0.57	NAII

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
NAII	3.46	0.37	0.07	1.23	4.33	(3.57)	9.16	(6.62)	35.29
MWYN	3.38	(0.11)	0.00	0.31	0.00	0.00	7.89	(7.87)	29.68
AACG	4.06	(0.26)	0.00	0.50	0.00	0.00	8.89	(8.64)	26.35
JVA	2.29	(0.39)	0.00	(0.34)	0.00	0.00	3.87	(5.60)	26.85
MTEX	2.66	(0.34)	0.00	(0.34)	0.00	0.00	3.77	(4.48)	36.78
PLAG	7.15	1.76	0.17	4.28	8.22	(7.77)	19.77	(13.96)	65.84
EDTK	2.02	(0.20)	0.00	(1.26)	0.00	0.00	4.12	(4.76)	12.61
BEDU	1.42	0.49	0.15	(4.97)	1.38	(2.16)	3.72	(2.24)	21.46
BON	2.31	(0.33)	0.00	(0.25)	0.00	0.00	7.45	(6.83)	17.81
BLNE	5.40	0.52	0.10	0.30	5.84	(6.13)	13.82	(8.46)	33.35

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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