Correlation Between EBullion and BitFrontier Capital

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

By analyzing existing cross correlation between EBullion and BitFrontier Capital Holdings, you can compare the effects of market volatilities on EBullion and BitFrontier Capital 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 EBullion with a short position of BitFrontier Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of EBullion and BitFrontier Capital.

Diversification Opportunities for EBullion and BitFrontier Capital

0.0

Correlation Coefficient

EBullion  BitFrontier Capital

Pay attention - limited upside

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

Pair Corralation between EBullion and BitFrontier Capital

If you would invest  0.05  in BitFrontier Capital Holdings on May 11, 2025 and sell it today you would earn a total of  0.04  from holding BitFrontier Capital Holdings or generate 80.0% return on investment over 90 days.

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

EBullion  vs.  BitFrontier Capital Holdings

EBullion

Risk-Adjusted Performance

Weakest

Over the last 90 days EBullion has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent primary indicators, EBullion is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors.

BitFrontier Capital

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in BitFrontier Capital Holdings are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite fairly unsteady fundamental indicators, BitFrontier Capital demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with EBullion and BitFrontier Capital

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

The idea behind EBullion and BitFrontier Capital Holdings 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.