First BITCoin Correlations

BITCF Stock

USD 0.0001 0.00 0.000003%

The correlation of First BITCoin 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.

First BITCoin Correlation With Market

Very good diversification

The correlation between First BITCoin Capital and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First BITCoin Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First BITCoin Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with First Stock

0.88	EZPW	EZCORP Inc	Pair Corr
0.8	SRL	Scully Royalty	Pair Corr
0.75	ORGN	Origin Materials	Pair Corr
0.68	AMRK	Amark Preci	Pair Corr

Moving against First Stock

0.85	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.77	AXP	American Express	Pair Corr
0.75	SF	Stifel Financial Earnings Call Today	Pair Corr
0.75	WSBF	Waterstone Financial Earnings Call Today	Pair Corr
0.73	EVR	Evercore Partners Earnings Call Today	Pair Corr
0.72	GS	Goldman Sachs Group	Pair Corr
0.72	HLI	Houlihan Lokey Earnings Call This Week	Pair Corr
0.67	MC	Moelis Earnings Call Today	Pair Corr
0.66	COF	Capital One Financial Earnings Call Today	Pair Corr
0.65	V	Visa Class A Earnings Call This Week	Pair Corr
0.57	MA	Mastercard	Pair Corr
0.38	DOMH	Dominari Holdings	Pair Corr
0.83	GAIN	Gladstone Investment	Pair Corr
0.81	OPFI	OppFi Inc	Pair Corr
0.75	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.72	GLAD	Gladstone Capital	Pair Corr
0.69	LAZ	Lazard Earnings Call Tomorrow	Pair Corr
0.69	GROW	US Global Investors	Pair Corr
0.68	PWP	Perella Weinberg Partners	Pair Corr
0.66	JXN	Jackson Financial	Pair Corr
0.65	PJT	PJT Partners Earnings Call This Week	Pair Corr
0.63	MAIN	Main Street Capital	Pair Corr
0.59	SCM	Stellus Capital Inve	Pair Corr
0.58	HTGC	Hercules Capital	Pair Corr
0.42	LMFA	LM Funding America Trending	Pair Corr
0.83	TPVG	Triplepoint Venture	Pair Corr
0.81	TSLX	Sixth Street Specialty	Pair Corr
0.78	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.75	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.73	ALLY	Ally Financial	Pair Corr
0.73	APAM	Artisan Partners Asset	Pair Corr
0.71	SEIC	SEI Investments Earnings Call Today	Pair Corr
0.64	PFLT	PennantPark Floating Rate	Pair Corr

Related Correlations Analysis

	HAON	CBYI	BTGN	CBTC	BTCS	GAHC	MGTI	ARSC	SING
HAON		1.0	1.0	0.0	0.0	0.0	0.0	1.0	0.0	HAON
CBYI	1.0		1.0	0.0	0.0	0.0	0.0	1.0	0.0	CBYI
BTGN	1.0	1.0		0.0	0.0	0.0	0.0	1.0	0.0	BTGN
CBTC	0.0	0.0	0.0		0.46	0.0	0.0	0.0	0.0	CBTC
BTCS	0.0	0.0	0.0	0.46		0.0	0.0	0.0	0.0	BTCS
GAHC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GAHC
MGTI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MGTI
ARSC	1.0	1.0	1.0	0.0	0.0	0.0	0.0		0.0	ARSC
SING	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SING
	HAON	CBYI	BTGN	CBTC	BTCS	GAHC	MGTI	ARSC	SING

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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

CBYI	+ 1.0	HAON
BTGN	+ 1.0	HAON
ARSC	+ 1.0	HAON
BTGN	+ 1.0	CBYI
ARSC	+ 1.0	CBYI
ARSC	+ 1.0	BTGN

High negative correlations

SING	- 0.0	ARSC
SING	- 0.0	MGTI
ARSC	- 0.0	MGTI
SING	- 0.0	GAHC
ARSC	- 0.0	GAHC
MGTI	- 0.0	GAHC

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First BITCoin 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 First BITCoin'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
HAON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBYI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBTC	6.96	0.58	0.05	0.61	6.80	(12.85)	12.50	(11.11)	51.52
BTCS	9.42	3.61	0.31	(1.77)	7.83	(11.35)	21.26	(10.04)	140.51
GAHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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