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Bitcoin / Tech Sector Correlation (Bitcoin)
Tier 1

The Rolling Correlation between Bitcoin and the US Tech Sector.

Overview

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BTC Price with Bitcoin / Tech Sector Correlation

Factor Plot

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▆ Very Low▆ Low▆ Moderate▆ High▆ Very High

0.11

The Rolling Correlation between Bitcoin and the US Tech Sector.

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Scatter plot - Bitcoin / Tech Sector Correlation and BTC 30 and 90 Day Average Returns

Backtest - Strategy Performance

Benchmark (Bitcoin)Strategy
-76.6%
-40%
62.1%
34.7%
1.06
1.17
58.9%
41.5%
0.00
0.11
1.00
0.45

Predictive factors are designed to be translated into simple long-only strategy, with simulated past performance:

  • 100% Long when the predictive factor is close to 1, with a position size equivalent to the predictive factor value.
  • Flat when the predictive factor is close to 0, with a position size equivalent to the predictive factor value.

The strategy is rebalanced daily, on a continuous basis. There are 0.05% transaction costs applied on each position adjustment.

Replicate the backtest

Get started by replicating the historical performance with our code snippets.

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