Bit Digital, Inc. Ordinary Shares (BTBT) — Stock Correlations & Overview
Over the past year, BTBT has moved most closely with BKCH, STCE, DAPP. Explore the stocks most correlated and inversely correlated with BTBT below, along with its price, financials, and company profile.
Stocks correlated with BTBT
Correlation of daily returns. Higher positive values move with BTBT; negative values move opposite it. Informational only, not investment advice.
Most correlated with BTBT
| Symbol | Company | Correlation |
|---|---|---|
| BKCH | Global X Blockchain ETF | 0.84 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.84 |
| DAPP | VanEck Digital Transformation ETF | 0.84 |
| NODE | VanEck Onchain Economy ETF | 0.84 |
| IBLC | iShares Blockchain and Tech ETF | 0.84 |
Most inversely correlated with BTBT
| Symbol | Company | Correlation |
|---|---|---|
| SBIT | ProShares UltraShort Bitcoin ETF | -0.66 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.66 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.65 |
| BITI | ProShares Short Bitcoin ETF | -0.65 |
| SETH | ProShares Short Ether ETF | -0.64 |
Frequently asked questions about BTBT correlations
- Which stocks are most correlated with BTBT?
- Based on one year of daily returns, the stocks most correlated with Bit Digital, Inc. Ordinary Shares (BTBT) are BKCH (0.84), STCE (0.84) and DAPP (0.84). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BTBT?
- Over the past year, the stocks most inversely correlated with Bit Digital, Inc. Ordinary Shares (BTBT) are SBIT (-0.66), BTCZ (-0.66) and SARK (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BTBT correlations calculated?
- We compute the correlation of daily returns between BTBT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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