Cipher Mining Correlations
| CIFRW Stock | USD 1.44 0.01 0.69% |
The current 90-days correlation between Cipher Mining and Cipher Mining is 0.07 (i.e., Significant 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 0.56 (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.
Cipher |
Moving together with Cipher Stock
| 0.72 | SF | Stifel Financial Earnings Call This Week | PairCorr |
| 0.81 | WULF | Terawulf | PairCorr |
| 0.81 | BTM | Bitcoin Depot | PairCorr |
| 0.82 | EVR | Evercore Partners | PairCorr |
| 0.75 | HLI | Houlihan Lokey | PairCorr |
| 0.74 | LAZ | Lazard | PairCorr |
| 0.63 | PWP | Perella Weinberg Partners | PairCorr |
| 0.66 | GRYP | Gryphon Digital Mining Symbol Change | PairCorr |
| 0.77 | HIVE | HIVE Blockchain Tech | PairCorr |
Moving against Cipher Stock
| 0.55 | MS-PF | Morgan Stanley | PairCorr |
| 0.49 | MS-PE | Morgan Stanley | PairCorr |
| 0.46 | HGBL | Heritage Global | PairCorr |
| 0.35 | SRL | Scully Royalty | PairCorr |
| 0.35 | MS-PI | Morgan Stanley | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIFR | 5.77 | 0.61 | 0.10 | 1.13 | 5.66 | 14.56 | 44.02 | |||
| BGRYW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INDIW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARQQW | 22.53 | 9.08 | 0.00 | 1.83 | 0.00 | 0.00 | 536.44 | |||
| LIDRW | 18.79 | 6.50 | 0.34 | (1.09) | 14.30 | 58.54 | 143.51 |
Cipher Mining Corporate Management
| Courtney Knight | Head Relations | Profile | |
| Will Iwaschuk | Chief Officer | Profile | |
| Courtney Frazier | Head Operations | Profile | |
| Edward CPA | Chief Officer | Profile | |
| Samy Biyadi | Head Power | Profile | |
| Tyler Page | CEO Director | Profile |