Correlation Between XDC Network and Bitget Token

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

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

Diversification Opportunities for XDC Network and Bitget Token

-0.47

Correlation Coefficient

XDC Network  Bitget Token

Very good diversification

The 3 months correlation between XDC and Bitget is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding XDC Network and Bitget token in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bitget token and XDC Network 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 XDC Network are associated (or correlated) with Bitget Token. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitget token has no effect on the direction of XDC Network i.e., XDC Network and Bitget Token go up and down completely randomly.

Pair Corralation between XDC Network and Bitget Token

Assuming the 90 days trading horizon XDC Network is expected to under-perform the Bitget Token. But the crypto coin apears to be less risky and, when comparing its historical volatility, XDC Network is 1.01 times less risky than Bitget Token. The crypto coin trades about -0.19 of its potential returns per unit of risk. The Bitget token is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest  487.00  in Bitget token on July 21, 2025 and sell it today you would lose (20.00) from holding Bitget token or give up 4.11% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

XDC Network  vs.  Bitget token

XDC Network

Risk-Adjusted Performance

Weakest

Over the last 90 days XDC Network has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in November 2025. The latest tumult may also be a sign of longer-term up-swing for XDC Network shareholders.

Bitget token

Risk-Adjusted Performance

Weakest

Over the last 90 days Bitget token has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitget Token is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with XDC Network and Bitget Token

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

The idea behind XDC Network and Bitget token 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.