Cipher Mining Correlations

CIFR Stock

USD 6.45 0.33 4.87%

The current 90-days correlation between Cipher Mining and Iris Energy is 0.77 (i.e., Poor diversification). The correlation of Cipher Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cipher Mining Correlation With Market

Very weak diversification

The correlation between Cipher Mining and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cipher Mining and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Cipher Stock, please use our How to Invest in Cipher Mining guide.

Moving together with Cipher Stock

0.77	V	Visa Class A	Pair Corr
0.69	DHIL	Diamond Hill Investment	Pair Corr
0.85	DIST	Distoken Acquisition	Pair Corr
0.83	AB	AllianceBernstein	Pair Corr
0.79	AC	Associated Capital	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group Normal Trading	Pair Corr
0.89	CG	Carlyle Group	Pair Corr
0.93	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.93	LC	LendingClub Corp	Pair Corr
0.75	LX	Lexinfintech Holdings	Pair Corr
0.85	MA	Mastercard	Pair Corr
0.79	MC	Moelis	Pair Corr
0.97	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.78	PX	P10 Inc	Pair Corr
0.87	QD	Qudian Inc	Pair Corr
0.96	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.7	TW	Tradeweb Markets	Pair Corr
0.86	WT	WisdomTree	Pair Corr
0.93	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.73	DUET	DUET Acquisition Corp	Pair Corr
0.73	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.87	DYCQ	DT Cloud Acquisition	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr

Moving against Cipher Stock

0.62	PT	Pintec Technology	Pair Corr
0.84	WU	Western Union	Pair Corr
0.7	XP	Xp Inc	Pair Corr
0.59	RM	Regional Management Corp	Pair Corr
0.34	DMYY	dMY Squared Technology	Pair Corr
0.33	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.86	BRKHU	BurTech Acquisition Corp	Pair Corr
0.66	BRKHW	BurTech Acquisition Corp	Pair Corr
0.59	BRACU	Broad Capital Acquisition	Pair Corr
0.38	EMCGR	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	IREN	CLSK	SDIG	BITF	WULF	ARBK	GREE	ARBKF	HUT	HIVE
IREN		0.91	0.78	0.62	0.94	0.36	0.83	-0.16	0.87	0.96	IREN
CLSK	0.91		0.79	0.69	0.88	0.44	0.83	-0.23	0.87	0.94	CLSK
SDIG	0.78	0.79		0.95	0.72	0.61	0.58	-0.04	0.65	0.82	SDIG
BITF	0.62	0.69	0.95		0.54	0.71	0.43	0.01	0.48	0.68	BITF
WULF	0.94	0.88	0.72	0.54		0.25	0.81	-0.19	0.9	0.95	WULF
ARBK	0.36	0.44	0.61	0.71	0.25		0.36	0.02	0.17	0.4	ARBK
GREE	0.83	0.83	0.58	0.43	0.81	0.36		-0.23	0.75	0.86	GREE
ARBKF	-0.16	-0.23	-0.04	0.01	-0.19	0.02	-0.23		-0.24	-0.19	ARBKF
HUT	0.87	0.87	0.65	0.48	0.9	0.17	0.75	-0.24		0.89	HUT
HIVE	0.96	0.94	0.82	0.68	0.95	0.4	0.86	-0.19	0.89		HIVE
	IREN	CLSK	SDIG	BITF	WULF	ARBK	GREE	ARBKF	HUT	HIVE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HIVE	+ 0.96	IREN
BITF	+ 0.95	SDIG
HIVE	+ 0.95	WULF
WULF	+ 0.94	IREN
HIVE	+ 0.94	CLSK
CLSK	+ 0.91	IREN

High negative correlations

HUT	- 0.24	ARBKF
ARBKF	- 0.23	GREE
ARBKF	- 0.23	CLSK
HIVE	- 0.19	ARBKF
ARBKF	- 0.19	WULF
ARBKF	- 0.16	IREN

Risk-Adjusted Indicators

There is a big difference between Cipher Stock performing well and Cipher Mining Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cipher Mining's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IREN	5.46	(0.11)	0.07	0.10	5.24	(6.52)	14.82	(8.41)	35.75
CLSK	5.40	(0.18)	0.07	0.09	5.30	(7.10)	12.72	(7.82)	44.80
SDIG	4.65	(0.46)	(0.01)	0.01	5.32	(5.53)	13.24	(7.94)	39.35
BITF	4.54	(0.58)	0.00	(0.03)	0.00	0.00	10.16	(7.05)	33.47
WULF	5.38	0.29	0.11	0.20	5.42	(6.12)	9.85	(8.41)	37.34
ARBK	4.80	(0.69)	0.00	(0.07)	0.00	0.00	10.71	(9.77)	25.44
GREE	4.80	(0.08)	0.01	0.08	5.52	(5.28)	12.70	(9.16)	29.19
ARBKF	6.14	(0.35)	(0.01)	0.02	7.12	(9.74)	9.09	(15.38)	34.85
HUT	4.68	0.79	0.22	0.32	4.37	(5.35)	11.05	(6.95)	32.14
HIVE	4.48	(0.16)	0.03	0.07	5.01	(5.22)	11.81	(7.71)	29.04

Cipher Mining Corporate Management

Chris Totin	Chief Officer	Profile
Courtney Frazier	Head Operations	Profile
Joshua Kane	Head Relation	Profile
Edward CPA	Chief Officer	Profile
Samy Biyadi	Head Power	Profile
Reuben Govender	Head Markets	Profile

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