Correlation Between Orthometrix and BitFuFu

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

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

Diversification Opportunities for Orthometrix and BitFuFu

0.0

Correlation Coefficient

Orthometrix  BitFuFu

Pay attention - limited upside

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

Pair Corralation between Orthometrix and BitFuFu

If you would invest  379.00  in BitFuFu Class A on May 20, 2025 and sell it today you would lose (2.00) from holding BitFuFu Class A or give up 0.53% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

Orthometrix  vs.  BitFuFu Class A

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.

BitFuFu Class A

Risk-Adjusted Performance

Weakest

Compared to the overall equity markets, risk-adjusted returns on investments in BitFuFu Class A are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable technical and fundamental indicators, BitFuFu is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Orthometrix and BitFuFu

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

The idea behind Orthometrix and BitFuFu Class A 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.