Mawson Infrastructure Correlations

MIGI Stock

USD 0.95 0.04 4.40%

The current 90-days correlation between Mawson Infrastructure and Terawulf is 0.13 (i.e., Average 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

Significant diversification

The correlation between Mawson Infrastructure Group and DJI is 0.04 (i.e., Significant 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

0.65	DHIL	Diamond Hill Investment	Pair Corr
0.61	CB	Chubb Earnings Call This Week	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.8	NU	Nu Holdings Aggressive Push	Pair Corr

Moving against Mawson Stock

0.72	MAIN	Main Street Capital	Pair Corr
0.65	GLAD	Gladstone Capital	Pair Corr
0.57	FDUS	Fidus Investment Corp	Pair Corr
0.52	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.43	C	Citigroup Aggressive Push	Pair Corr
0.4	AXP	American Express Earnings Call This Week	Pair Corr
0.31	V	Visa Class A	Pair Corr
0.73	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.71	RM	Regional Management Corp Normal Trading	Pair Corr
0.42	HG	Hamilton Insurance Group,	Pair Corr
0.36	QD	Qudian Inc	Pair Corr
0.33	LC	LendingClub Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	WULF	IREN	SDIG	ARBK	BITF	CIFR	CLSK	GREE	ARBKF
WULF		0.64	0.82	0.38	0.75	0.95	0.78	0.51	0.44	WULF
IREN	0.64		0.35	-0.36	0.26	0.65	0.42	-0.01	-0.29	IREN
SDIG	0.82	0.35		0.6	0.99	0.8	0.91	0.84	0.58	SDIG
ARBK	0.38	-0.36	0.6		0.63	0.31	0.44	0.68	0.89	ARBK
BITF	0.75	0.26	0.99	0.63		0.75	0.9	0.88	0.59	BITF
CIFR	0.95	0.65	0.8	0.31	0.75		0.81	0.5	0.35	CIFR
CLSK	0.78	0.42	0.91	0.44	0.9	0.81		0.71	0.44	CLSK
GREE	0.51	-0.01	0.84	0.68	0.88	0.5	0.71		0.64	GREE
ARBKF	0.44	-0.29	0.58	0.89	0.59	0.35	0.44	0.64		ARBKF
	WULF	IREN	SDIG	ARBK	BITF	CIFR	CLSK	GREE	ARBKF

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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

BITF	+ 0.99	SDIG
CIFR	+ 0.95	WULF
CLSK	+ 0.91	SDIG
CLSK	+ 0.9	BITF
ARBKF	+ 0.89	ARBK
GREE	+ 0.88	BITF

High negative correlations

ARBK	- 0.36	IREN
ARBKF	- 0.29	IREN
GREE	- 0.01	IREN

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
WULF	6.45	0.81	0.12	0.98	6.29	(7.69)	13.92	(10.22)	38.39
IREN	5.90	0.78	0.14	2.53	5.45	(7.27)	16.01	(8.17)	41.36
SDIG	5.29	0.11	0.01	(0.56)	5.86	(6.35)	13.37	(7.94)	39.35
ARBK	5.63	(0.90)	0.00	(13.32)	0.00	0.00	10.71	(11.03)	31.09
BITF	5.13	0.00	0.00	0.02	5.32	(6.52)	10.16	(7.14)	33.47
CIFR	5.77	0.61	0.10	1.13	5.66	(6.97)	14.56	(9.93)	44.02
CLSK	5.50	0.38	0.06	0.44	5.54	(6.89)	14.29	(9.42)	44.80
GREE	5.11	(0.02)	0.00	0.05	0.00	0.00	10.40	(9.16)	29.19
ARBKF	8.69	(0.60)	0.00	(0.23)	0.00	0.00	15.22	(17.65)	55.96

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

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