Correlation Between Bitwise Funds and Hodges Small

Can any of the company-specific risk be diversified away by investing in both Bitwise Funds and Hodges Small 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 Bitwise Funds and Hodges Small into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Bitwise Funds Trust and Hodges Small Intrinsic, you can compare the effects of market volatilities on Bitwise Funds and Hodges Small 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 Bitwise Funds with a short position of Hodges Small. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bitwise Funds and Hodges Small.

Diversification Opportunities for Bitwise Funds and Hodges Small

0.0

Correlation Coefficient

Bitwise Funds  Hodges Small

Pay attention - limited upside

The 3 months correlation between Bitwise and Hodges is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Bitwise Funds Trust and Hodges Small Intrinsic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hodges Small Intrinsic and Bitwise Funds 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 Bitwise Funds Trust are associated (or correlated) with Hodges Small. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hodges Small Intrinsic has no effect on the direction of Bitwise Funds i.e., Bitwise Funds and Hodges Small go up and down completely randomly.

Pair Corralation between Bitwise Funds and Hodges Small

If you would invest  0.00  in Hodges Small Intrinsic on August 26, 2025 and sell it today you would earn a total of  0.00  from holding Hodges Small Intrinsic or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Bitwise Funds Trust  vs.  Hodges Small Intrinsic

Bitwise Funds Trust

Risk-Adjusted Performance

Weakest

Over the last 90 days Bitwise Funds Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Bitwise Funds is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Hodges Small Intrinsic

Risk-Adjusted Performance

Weakest

Over the last 90 days Hodges Small Intrinsic has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Hodges Small is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Bitwise Funds and Hodges Small

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

The idea behind Bitwise Funds Trust and Hodges Small Intrinsic 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.