Correlation Between Bitget Token and Bitkub Coin

Can any of the company-specific risk be diversified away by investing in both Bitget Token and Bitkub Coin 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 Bitget Token and Bitkub Coin into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Bitget token and Bitkub Coin, you can compare the effects of market volatilities on Bitget Token and Bitkub Coin 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 Bitget Token with a short position of Bitkub Coin. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bitget Token and Bitkub Coin.

Diversification Opportunities for Bitget Token and Bitkub Coin

0.74

Correlation Coefficient

Bitget Token  Bitkub Coin

Poor diversification

The 3 months correlation between Bitget and Bitkub is 0.74. Overlapping area represents the amount of risk that can be diversified away by holding Bitget token and Bitkub Coin in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bitkub Coin and Bitget Token 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 Bitget token are associated (or correlated) with Bitkub Coin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitkub Coin has no effect on the direction of Bitget Token i.e., Bitget Token and Bitkub Coin go up and down completely randomly.

Pair Corralation between Bitget Token and Bitkub Coin

Assuming the 90 days trading horizon Bitget token is expected to generate 0.92 times more return on investment than Bitkub Coin. However, Bitget token is 1.09 times less risky than Bitkub Coin. It trades about 0.04 of its potential returns per unit of risk. Bitkub Coin is currently generating about 0.02 per unit of risk. If you would invest  459.00  in Bitget token on April 20, 2025 and sell it today you would earn a total of  25.00  from holding Bitget token or generate 5.45% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Bitget token  vs.  Bitkub Coin

Bitget token

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Bitget token are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental drivers, Bitget Token may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Bitkub Coin

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Bitkub Coin are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound fundamental drivers, Bitkub Coin is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Bitget Token and Bitkub Coin

The main advantage of trading using opposite Bitget Token and Bitkub Coin positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bitget Token position performs unexpectedly, Bitkub Coin 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 Bitkub Coin will offset losses from the drop in Bitkub Coin's long position.

The idea behind Bitget token and Bitkub Coin pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Stocks Directory module to find actively traded stocks across global markets.