Mawson Infrastructure Correlations

MIGI Stock

USD 2.08 0.37 21.64%

The current 90-days correlation between Mawson Infrastructure and Stronghold Digital Mining is 0.74 (i.e., Poor diversification). The correlation of Mawson Infrastructure 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.

Mawson Infrastructure Correlation With Market

Very weak diversification

The correlation between Mawson Infrastructure Group and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mawson Infrastructure Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mawson Infrastructure Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Mawson Stock

0.73	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.75	CG	Carlyle Group	Pair Corr
0.77	APO	Apollo Global Management	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	BAM	Brookfield Asset Man	Pair Corr
0.79	BEN	Franklin Resources	Pair Corr
0.73	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.78	KKR	KKR Co LP Normal Trading	Pair Corr
0.73	OWL	Blue Owl Capital	Pair Corr
0.7	MAIN	Main Street Capital	Pair Corr
0.61	ROCL	Roth CH Acquisition	Pair Corr
0.7	ARCC	Ares Capital	Pair Corr
0.71	ARES	Ares Management LP	Pair Corr
0.82	TROW	T Rowe Price	Pair Corr
0.8	CNNE	Cannae Holdings	Pair Corr
0.76	C	Citigroup Aggressive Push	Pair Corr
0.67	L	Loews Corp	Pair Corr
0.73	V	Visa Class A	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.77	AB	AllianceBernstein	Pair Corr
0.64	AC	Associated Capital	Pair Corr
0.79	AX	Axos Financial	Pair Corr
0.72	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.8	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.62	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.84	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.86	LC	LendingClub Corp	Pair Corr
0.73	MA	Mastercard	Pair Corr

Moving against Mawson Stock

0.52	EG	Everest Group	Pair Corr
0.83	WU	Western Union	Pair Corr
0.75	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.61	IX	Orix Corp Ads	Pair Corr
0.49	RM	Regional Management Corp	Pair Corr
0.49	XP	Xp Inc Downward Rally	Pair Corr
0.42	WF	Woori Financial Group	Pair Corr
0.4	PT	Pintec Technology	Pair Corr
0.36	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	IREN	CLSK	SDIG	BITF	WULF	ARBK	GREE	ARBKF	HUT	HIVE
IREN		0.91	0.79	0.64	0.94	0.39	0.83	-0.24	0.86	0.96	IREN
CLSK	0.91		0.78	0.68	0.89	0.42	0.82	-0.22	0.88	0.94	CLSK
SDIG	0.79	0.78		0.96	0.73	0.6	0.58	0.08	0.65	0.83	SDIG
BITF	0.64	0.68	0.96		0.56	0.69	0.44	0.18	0.48	0.69	BITF
WULF	0.94	0.89	0.73	0.56		0.27	0.81	-0.24	0.9	0.95	WULF
ARBK	0.39	0.42	0.6	0.69	0.27		0.38	0.25	0.16	0.42	ARBK
GREE	0.83	0.82	0.58	0.44	0.81	0.38		-0.15	0.73	0.86	GREE
ARBKF	-0.24	-0.22	0.08	0.18	-0.24	0.25	-0.15		-0.32	-0.18	ARBKF
HUT	0.86	0.88	0.65	0.48	0.9	0.16	0.73	-0.32		0.87	HUT
HIVE	0.96	0.94	0.83	0.69	0.95	0.42	0.86	-0.18	0.87		HIVE
	IREN	CLSK	SDIG	BITF	WULF	ARBK	GREE	ARBKF	HUT	HIVE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

High negative correlations

HUT	- 0.32	ARBKF
ARBKF	- 0.24	WULF
ARBKF	- 0.24	IREN
ARBKF	- 0.22	CLSK
HIVE	- 0.18	ARBKF
ARBKF	- 0.15	GREE

Risk-Adjusted Indicators

There is a big difference between Mawson Stock performing well and Mawson Infrastructure 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 Mawson Infrastructure'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	5.50	(0.15)	0.06	0.09	5.40	(6.52)	14.82	(8.41)	35.75
CLSK	5.50	(0.33)	0.04	0.06	5.72	(7.10)	12.72	(12.02)	44.80
SDIG	4.69	(0.50)	(0.02)	0.00	5.37	(5.53)	13.24	(7.94)	39.35
BITF	4.56	(0.61)	0.00	(0.03)	0.00	0.00	10.16	(7.05)	33.47
WULF	5.42	0.25	0.10	0.19	5.49	(6.12)	9.85	(8.41)	37.34
ARBK	4.88	(0.77)	0.00	(0.09)	0.00	0.00	10.71	(9.77)	25.44
GREE	4.87	(0.16)	(0.01)	0.04	5.50	(5.44)	12.70	(9.16)	29.19
ARBKF	6.19	0.16	0.00	0.02	0.00	0.00	9.09	(15.38)	34.85
HUT	4.67	0.79	0.22	0.33	4.36	(5.35)	11.05	(6.95)	32.14
HIVE	4.55	(0.24)	0.01	0.05	5.14	(5.22)	11.81	(7.71)	29.04

Mawson Infrastructure Corporate Management

Tom Hughes	General Counsel	Profile
Vikram Murali	Head Development	Profile
Liam Wilson	Chief Officer	Profile
Geneva Skeen	Head Systems	Profile
James Manning	CEO, Founder	Profile
Nicholas HughesJones	Chief Officer	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

2024 Macroaxis LLC