Cipher Mining Correlations

CIFRW Stock

USD 4.09 0.15 3.54%

The current 90-days correlation between Cipher Mining and Hut 8 Corp is -0.23 (i.e., Very good 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

Good diversification

The correlation between Cipher Mining and DJI is -0.04 (i.e., Good 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.

Build AI portfolio with Cipher Stock

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

Moving together with Cipher Stock

0.62	IPX	Impax Asset Management	Pair Corr
0.63	KUR-H	Kure Technologies	Pair Corr

Moving against Cipher Stock

0.86	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.83	CG	Carlyle Group	Pair Corr
0.74	JLEN	JLEN Environmental Assets	Pair Corr
0.72	DMYY	dMY Squared Technology	Pair Corr
0.68	WT	WisdomTree	Pair Corr
0.66	VELO	Velo3D Upward Rally	Pair Corr
0.65	VCTR	Victory Capital Holdings	Pair Corr
0.58	BBUC	Brookfield Business Corp	Pair Corr
0.54	NP	Neptune Insurance	Pair Corr
0.54	SII	Sprott Inc	Pair Corr
0.45	VINP	Vinci Partners Inves	Pair Corr
0.68	ACQ	Acorn Capital Investment	Pair Corr
0.59	FBRT	Franklin BSP Realty	Pair Corr
0.58	SMT	Scottish Mortgage	Pair Corr
0.55	LBS	Life Banc Split Split	Pair Corr
0.53	VRTS	Virtus Investment	Pair Corr
0.52	DGS	Dividend Growth Split	Pair Corr
0.49	WI	Western Investment	Pair Corr
0.45	FINS	Angel Oak Financial	Pair Corr
0.43	CSOC-A	Canso Select Opportu	Pair Corr
0.39	GEGGL	Great Elm Group	Pair Corr
0.36	HRI	Herald Investment Trust	Pair Corr
0.35	IEM	Impax Environmental	Pair Corr
0.33	ANSCU	Agriculture Natural	Pair Corr
0.82	AMP	Ameriprise Financial	Pair Corr
0.65	BKN	BlackRock Investment	Pair Corr
0.61	CET	Central Securities	Pair Corr
0.6	BLK	BlackRock	Pair Corr
0.56	APO	Apollo Global Management	Pair Corr
0.53	BAM	Brookfield Asset Man	Pair Corr

Related Correlations Analysis

	MC	LAZ	RJF	SNEX	BGC	VIRT	HUT	PJT	UPST	NNI
MC		0.51	0.84	0.9	0.18	-0.18	0.69	0.83	0.69	0.73	MC
LAZ	0.51		0.57	0.39	-0.08	0.45	0.27	0.46	0.22	0.48	LAZ
RJF	0.84	0.57		0.82	0.39	0.02	0.68	0.76	0.56	0.63	RJF
SNEX	0.9	0.39	0.82		0.34	-0.27	0.68	0.85	0.78	0.61	SNEX
BGC	0.18	-0.08	0.39	0.34		-0.06	0.3	0.29	0.49	0.1	BGC
VIRT	-0.18	0.45	0.02	-0.27	-0.06		-0.1	-0.1	-0.35	-0.2	VIRT
HUT	0.69	0.27	0.68	0.68	0.3	-0.1		0.62	0.57	0.43	HUT
PJT	0.83	0.46	0.76	0.85	0.29	-0.1	0.62		0.69	0.44	PJT
UPST	0.69	0.22	0.56	0.78	0.49	-0.35	0.57	0.69		0.48	UPST
NNI	0.73	0.48	0.63	0.61	0.1	-0.2	0.43	0.44	0.48		NNI
	MC	LAZ	RJF	SNEX	BGC	VIRT	HUT	PJT	UPST	NNI

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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

SNEX	+ 0.9	MC
PJT	+ 0.85	SNEX
RJF	+ 0.84	MC
PJT	+ 0.83	MC
SNEX	+ 0.82	RJF
UPST	+ 0.78	SNEX

High negative correlations

UPST	- 0.35	VIRT
VIRT	- 0.27	SNEX
NNI	- 0.2	VIRT
VIRT	- 0.18	MC
PJT	- 0.1	VIRT
HUT	- 0.1	VIRT

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
MC	1.51	0.06	0.07	0.12	1.88	(1.58)	3.36	(3.43)	9.10
LAZ	1.44	(0.01)	0.02	0.08	2.12	(1.36)	3.13	(2.51)	12.15
RJF	1.06	0.00	0.00	0.09	1.35	(1.10)	2.22	(2.17)	6.21
SNEX	1.75	0.01	0.03	0.10	2.00	(1.82)	4.80	(3.20)	10.99
BGC	0.99	(0.08)	0.00	(0.03)	0.00	0.00	2.45	(2.05)	6.73
VIRT	1.19	0.12	0.04	0.43	1.41	(1.23)	2.35	(2.00)	6.62
HUT	5.60	0.16	0.05	0.13	7.75	(5.26)	14.21	(13.52)	31.48
PJT	1.40	0.00	0.01	0.09	2.06	(1.34)	3.08	(2.64)	9.59
UPST	3.38	(0.25)	(0.02)	0.00	4.66	(3.12)	6.89	(7.77)	18.48
NNI	1.13	(0.01)	(0.04)	0.07	1.27	(1.22)	2.43	(2.15)	6.61

Cipher Mining Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cipher Mining stock to make a market-neutral strategy. Peer analysis of Cipher Mining could also be used in its relative valuation, which is a method of valuing Cipher Mining by comparing valuation metrics with similar companies.

Moelis Co Lazard Raymond James Financial Stonex Group BGC Group Virtu Financial Hut 8 Corp PJT Partners Upstart Holdings Nelnet Inc American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

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

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