BTC Digital Correlations
| BTCT Stock | 3.36 0.08 2.33% |
The current 90-days correlation between BTC Digital and Arrow Electronics is 0.39 (i.e., Weak diversification). The correlation of BTC Digital 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. If the correlation is 0, the equities are not correlated; they are entirely random.
BTC Digital Correlation With Market
Weak diversification
The correlation between BTC Digital and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BTC Digital and DJI in the same portfolio, assuming nothing else is changed.
Moving against BTC Stock
| 0.58 | MU | Micron Technology | PairCorr |
| 0.51 | MRVL | Marvell Technology Aggressive Push | PairCorr |
| 0.5 | NVMI | Nova | PairCorr |
| 0.5 | AVGO | Broadcom Aggressive Push | PairCorr |
| 0.49 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.48 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.47 | AMD | Advanced Micro Devices Aggressive Push | PairCorr |
| 0.4 | CAMT | Camtek | PairCorr |
| 0.4 | VRRM | Verra Mobility Corp | PairCorr |
| 0.34 | QRVO | Qorvo Inc Sell-off Trend | PairCorr |
| 0.6 | IBM | International Business Earnings Call This Week | PairCorr |
| 0.53 | LPL | LG Display Earnings Call This Week | PairCorr |
| 0.5 | LITE | Lumentum Holdings | PairCorr |
| 0.44 | MSFT | Microsoft | PairCorr |
| 0.41 | FRGE | Forge Global Holdings | PairCorr |
| 0.34 | MITK | Mitek Systems Earnings Call This Week | PairCorr |
| 0.32 | KPLT | Katapult Holdings | PairCorr |
| 0.32 | AVPTW | AvePoint | PairCorr |
| 0.61 | QUBT | Quantum Computing Aggressive Push | PairCorr |
| 0.59 | LTRY | Lottery, Common Stock | PairCorr |
| 0.52 | AVNW | Aviat Networks | PairCorr |
| 0.52 | CSCO | Cisco Systems | PairCorr |
| 0.51 | RDWR | Radware | PairCorr |
| 0.45 | QBTS | D Wave Quantum Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.94 | 0.95 | 0.83 | 0.9 | 0.89 | ARW | ||
| 0.94 | 0.92 | 0.78 | 0.84 | 0.9 | ECVT | ||
| 0.95 | 0.92 | 0.73 | 0.84 | 0.9 | UAN | ||
| 0.83 | 0.78 | 0.73 | 0.75 | 0.59 | ALB-PA | ||
| 0.9 | 0.84 | 0.84 | 0.75 | 0.82 | UBER | ||
| 0.89 | 0.9 | 0.9 | 0.59 | 0.82 | MOS | ||
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Risk-Adjusted Indicators
There is a big difference between BTC Stock performing well and BTC Digital 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 BTC Digital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARW | 1.02 | 0.29 | 0.30 | 0.49 | 0.41 | 2.49 | 5.68 | |||
| ECVT | 1.77 | 0.51 | 0.19 | 1.01 | 1.90 | 4.82 | 14.44 | |||
| UAN | 0.77 | 0.33 | 0.33 | 3.32 | 0.00 | 2.17 | 4.83 | |||
| ALB-PA | 2.21 | 0.22 | 0.13 | 0.28 | 1.89 | 5.69 | 12.16 | |||
| UBER | 1.64 | 0.20 | 0.13 | 0.33 | 1.40 | 4.19 | 10.87 | |||
| MOS | 1.23 | 0.48 | 0.24 | 56.83 | 0.97 | 3.38 | 8.30 |
BTC Digital Corporate Executives
Elected by the shareholders, the BTC Digital's board of directors comprises two types of representatives: BTC Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BTC. The board's role is to monitor BTC Digital's management team and ensure that shareholders' interests are well served. BTC Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BTC Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yupeng Guo | Acting Founder | Profile |