CleanSpark Correlations

CLSK Stock

USD 9.85 0.54 5.80%

The current 90-days correlation between CleanSpark and Ebang International Holdings is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CleanSpark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanSpark moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CleanSpark Correlation With Market

Good diversification

The correlation between CleanSpark and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CleanSpark and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CleanSpark Stock

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

For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.

Moving together with CleanSpark Stock

0.62	U	Unity Software	Pair Corr
0.61	DMRC	Digimarc	Pair Corr
0.63	VERI	Veritone	Pair Corr

Moving against CleanSpark Stock

0.45	DSG	Dillistone Group PLC	Pair Corr
0.43	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.42	TRB	Tribal Group plc	Pair Corr
0.4	RNI	OXFORD METRICS LS	Pair Corr
0.42	EGHT	8x8 Common Stock	Pair Corr
0.38	MKQ	Mitek Systems	Pair Corr

Related Correlations Analysis

	SPPL	CSAI	VBIX	CREX	GREE	TGHL	NTCL	ANY	EBON
SPPL		0.8	-0.23	-0.75	0.54	0.44	0.72	0.78	0.63	SPPL
CSAI	0.8		-0.06	-0.55	0.59	0.69	0.81	0.91	0.89	CSAI
VBIX	-0.23	-0.06		0.5	-0.33	0.44	0.07	-0.06	0.07	VBIX
CREX	-0.75	-0.55	0.5		-0.32	-0.22	-0.53	-0.57	-0.36	CREX
GREE	0.54	0.59	-0.33	-0.32		0.11	0.32	0.63	0.66	GREE
TGHL	0.44	0.69	0.44	-0.22	0.11		0.73	0.7	0.67	TGHL
NTCL	0.72	0.81	0.07	-0.53	0.32	0.73		0.89	0.68	NTCL
ANY	0.78	0.91	-0.06	-0.57	0.63	0.7	0.89		0.87	ANY
EBON	0.63	0.89	0.07	-0.36	0.66	0.67	0.68	0.87		EBON
	SPPL	CSAI	VBIX	CREX	GREE	TGHL	NTCL	ANY	EBON

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

ANY	+ 0.91	CSAI
EBON	+ 0.89	CSAI
ANY	+ 0.89	NTCL
EBON	+ 0.87	ANY
NTCL	+ 0.81	CSAI
CSAI	+ 0.8	SPPL

High negative correlations

CREX	- 0.75	SPPL
ANY	- 0.57	CREX
CREX	- 0.55	CSAI
NTCL	- 0.53	CREX
EBON	- 0.36	CREX
GREE	- 0.33	VBIX

Risk-Adjusted Indicators

There is a big difference between CleanSpark Stock performing well and CleanSpark 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 CleanSpark'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
SPPL	4.01	(0.76)	0.00	(3.82)	0.00	0.00	10.42	(8.43)	24.08
CSAI	5.06	(0.90)	0.00	(0.22)	0.00	0.00	13.58	(8.06)	30.71
VBIX	4.14	(0.12)	0.00	0.18	0.00	0.00	7.69	(7.00)	40.59
CREX	2.84	0.12	0.04	0.14	3.21	(3.82)	7.99	(6.19)	21.32
GREE	4.49	(0.73)	0.00	(0.22)	0.00	0.00	10.46	(9.30)	26.38
TGHL	6.52	(0.53)	0.00	(0.72)	0.00	0.00	11.11	(14.63)	85.98
NTCL	7.21	(0.97)	0.00	0.46	0.00	0.00	12.50	(16.36)	71.43
ANY	4.12	(2.24)	0.00	(0.97)	0.00	0.00	5.97	(10.08)	26.28
EBON	2.98	(0.79)	0.00	(0.32)	0.00	0.00	5.91	(5.20)	22.90

CleanSpark Corporate Management

Rachel Silverstein	SVP Counsel	Profile
Bernardo Schucman	VP Division	Profile
Brian Carson	Chief Officer	Profile
Gary CPA	Chief Officer	Profile
Bradley Audiss	Senior Operations	Profile
Scott Garrison	Executive Officer	Profile
Owen Cadwalader	VP Operations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC