Correlation Between BitFuFu and Orthometrix

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

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

Diversification Opportunities for BitFuFu and Orthometrix

0.0

Correlation Coefficient

BitFuFu  Orthometrix

Pay attention - limited upside

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

Pair Corralation between BitFuFu and Orthometrix

If you would invest  372.00  in BitFuFu Class A on May 16, 2025 and sell it today you would earn a total of  19.00  from holding BitFuFu Class A or generate 5.11% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.39%
Values	Daily Returns

BitFuFu Class A  vs.  Orthometrix

BitFuFu Class A

Risk-Adjusted Performance

Soft

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

Orthometrix

Risk-Adjusted Performance

Weakest

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

Pair Trading with BitFuFu and Orthometrix

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

The idea behind BitFuFu Class A and Orthometrix 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.

Check out your portfolio center.

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 Equity Valuation module to check real value of public entities based on technical and fundamental data.