Bitwise 10 Correlations

OTC Funds . USA . 
Fund . Bitwise 10 Crypto
BITW Fund  USD 76.00  0.20  0.26%   
The current 90-days correlation between Bitwise 10 Crypto and Grayscale Digital Large is 0.87 (i.e., Very poor diversification). The correlation of Bitwise 10 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.

Bitwise 10 Correlation With Market

Modest diversification

The correlation between Bitwise 10 Crypto and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitwise 10 Crypto and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise 10 Crypto. Also, note that the market value of any otc fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Bitwise OTC Fund

  0.66NHS Neuberger Berman HighPairCorr
  0.86MIOIX Morgan Stanley InstiPairCorr
  0.93JGMRX Janus TritonPairCorr
  0.92GMYYX Mydestination 2045PairCorr
  0.89INPSX Internet UltrasectorPairCorr
  0.86PYSIX Payden Strategic IncomePairCorr
  0.92ATECX Ab Sustainable GlobalPairCorr
  0.72FRIFX Fidelity Real EstatePairCorr
  0.91LPREX Blackrock LifepathPairCorr
  0.93GCSSX Goldman Sachs SmallPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94JSOCX Jpmorgan Strategic IncomePairCorr
  0.72BIMIX Baird Intermediate BondPairCorr
  0.92JGMNX Janus TritonPairCorr
  0.92STRBX Sterling Capital BehPairCorr
  0.93STPAX Technology MunicationsPairCorr
  0.92PRSIX Trowe Price PersonalPairCorr
  0.92GWOAX Gmo Global DevelopedPairCorr
  0.94MSPIX Mainstay Sp 500PairCorr
  0.93EMXIX Ashmore Emerging MarketsPairCorr
  0.68PGCAX Investment Grade PoratePairCorr
  0.77ANGLX Angel Oak MultiPairCorr
  0.87GCIIX Goldman Sachs InternPairCorr
  0.92PRMDX Maryland Short TermPairCorr
  0.93RBOTX American Funds 2065PairCorr
  0.93CHYDX Calamos High IncomePairCorr
  0.93PISHX Cohen Steers PreferredPairCorr
  0.92CLVRX Columbia InternationalPairCorr
  0.78FESIX Fidelity Sai RealPairCorr
  0.78DLEUX Doubleline ShillerPairCorr
  0.9TILCX T Rowe PricePairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.92STSEX Blackrock ExchangePairCorr
  0.91DVOIX Dividend OpportunitiesPairCorr
  0.92USBSX Cornerstone ModeratePairCorr
  0.92GMWZX Mydestination 2025PairCorr
  0.93DHMYX Diamond Hill SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bitwise OTC Fund performing well and Bitwise 10 OTC Fund 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 Bitwise 10'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bitwise 10 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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