Correlation Between Bgin Blockchain and Rimini Street
Can any of the company-specific risk be diversified away by investing in both Bgin Blockchain and Rimini Street at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Bgin Blockchain and Rimini Street into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bgin Blockchain Limited and Rimini Street, you can compare the effects of market volatilities on Bgin Blockchain and Rimini Street and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Bgin Blockchain with a short position of Rimini Street. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bgin Blockchain and Rimini Street.
Diversification Opportunities for Bgin Blockchain and Rimini Street
0.39 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Bgin and Rimini is 0.39. Overlapping area represents the amount of risk that can be diversified away by holding Bgin Blockchain Limited and Rimini Street in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rimini Street and Bgin Blockchain is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Bgin Blockchain Limited are associated (or correlated) with Rimini Street. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rimini Street has no effect on the direction of Bgin Blockchain i.e., Bgin Blockchain and Rimini Street go up and down completely randomly.
Pair Corralation between Bgin Blockchain and Rimini Street
Given the investment horizon of 90 days Bgin Blockchain Limited is expected to generate 3.81 times more return on investment than Rimini Street. However, Bgin Blockchain is 3.81 times more volatile than Rimini Street. It trades about -0.03 of its potential returns per unit of risk. Rimini Street is currently generating about -0.22 per unit of risk. If you would invest 317.00 in Bgin Blockchain Limited on October 12, 2025 and sell it today you would lose (19.00) from holding Bgin Blockchain Limited or give up 5.99% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Bgin Blockchain Limited vs. Rimini Street
Performance |
| Timeline |
| Bgin Blockchain |
| Rimini Street |
Bgin Blockchain and Rimini Street Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bgin Blockchain and Rimini Street
The main advantage of trading using opposite Bgin Blockchain and Rimini Street positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bgin Blockchain position performs unexpectedly, Rimini Street can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rimini Street will offset losses from the drop in Rimini Street's long position.| Bgin Blockchain vs. GDEV Inc | Bgin Blockchain vs. Gravity Co | Bgin Blockchain vs. SohuCom | Bgin Blockchain vs. Nano Dimension |
| Rimini Street vs. Commerce | Rimini Street vs. CS Disco LLC | Rimini Street vs. eGain | Rimini Street vs. Forge Global Holdings |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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