Correlation Between BitFuFu and Oppenheimer Holdings
Can any of the company-specific risk be diversified away by investing in both BitFuFu and Oppenheimer Holdings 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 BitFuFu and Oppenheimer Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BitFuFu Class A and Oppenheimer Holdings, you can compare the effects of market volatilities on BitFuFu and Oppenheimer Holdings 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 BitFuFu with a short position of Oppenheimer Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of BitFuFu and Oppenheimer Holdings.
Diversification Opportunities for BitFuFu and Oppenheimer Holdings
0.69 | Correlation Coefficient |
Poor diversification
The 3 months correlation between BitFuFu and Oppenheimer is 0.69. Overlapping area represents the amount of risk that can be diversified away by holding BitFuFu Class A and Oppenheimer Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oppenheimer Holdings and BitFuFu 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 BitFuFu Class A are associated (or correlated) with Oppenheimer Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oppenheimer Holdings has no effect on the direction of BitFuFu i.e., BitFuFu and Oppenheimer Holdings go up and down completely randomly.
Pair Corralation between BitFuFu and Oppenheimer Holdings
Given the investment horizon of 90 days BitFuFu Class A is expected to under-perform the Oppenheimer Holdings. In addition to that, BitFuFu is 2.24 times more volatile than Oppenheimer Holdings. It trades about -0.08 of its total potential returns per unit of risk. Oppenheimer Holdings is currently generating about -0.05 per unit of volatility. If you would invest 7,137 in Oppenheimer Holdings on August 25, 2025 and sell it today you would lose (529.00) from holding Oppenheimer Holdings or give up 7.41% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
BitFuFu Class A vs. Oppenheimer Holdings
Performance |
| Timeline |
| BitFuFu Class A |
| Oppenheimer Holdings |
BitFuFu and Oppenheimer Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BitFuFu and Oppenheimer Holdings
The main advantage of trading using opposite BitFuFu and Oppenheimer Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BitFuFu position performs unexpectedly, Oppenheimer Holdings 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 Oppenheimer Holdings will offset losses from the drop in Oppenheimer Holdings' long position.| BitFuFu vs. Northpointe Bancshares, | BitFuFu vs. Crescent Capital BDC | BitFuFu vs. Alerus Financial Corp | BitFuFu vs. Solowin Holdings |
| Oppenheimer Holdings vs. Gemini Space Station, | Oppenheimer Holdings vs. Velocity Financial Llc | Oppenheimer Holdings vs. Solowin Holdings | Oppenheimer Holdings vs. Amerant Bancorp |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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