Riot Blockchain Correlations

RIOT Stock

USD 14.14 1.20 7.82%

The current 90-days correlation between Riot Blockchain and Cipher Mining is 0.74 (i.e., Poor diversification). The correlation of Riot Blockchain 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.

Riot Blockchain Correlation With Market

Average diversification

The correlation between Riot Blockchain and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riot Blockchain and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Riot Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riot Blockchain. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Riot Stock please use our How to Invest in Riot Blockchain guide.

Moving together with Riot Stock

0.62	TLS	Telos Corp	Pair Corr
0.88	NBIS	Nebius Group NV	Pair Corr
0.83	SVCO	Silvaco Group Common	Pair Corr

Moving against Riot Stock

0.7	FROG	Jfrog	Pair Corr
0.53	TDC	Teradata Corp Earnings Call This Week	Pair Corr
0.54	APPN	Appian Corp	Pair Corr
0.42	BILL	Bill Com Holdings	Pair Corr
0.41	QLYS	Qualys Inc Earnings Call Tomorrow	Pair Corr
0.34	WTII	Water Technologies	Pair Corr

Related Correlations Analysis

	CIFR	MARA	BMNR	XP	WULF	STEP	ONB	HUT	UWMC	CFR
CIFR		0.68	0.62	0.37	0.82	-0.03	-0.22	0.23	0.61	-0.1	CIFR
MARA	0.68		0.91	0.19	0.46	-0.45	-0.7	-0.16	0.34	-0.55	MARA
BMNR	0.62	0.91		0.04	0.45	-0.39	-0.6	-0.16	0.27	-0.51	BMNR
XP	0.37	0.19	0.04		0.48	0.12	0.06	0.16	0.65	0.15	XP
WULF	0.82	0.46	0.45	0.48		0.08	0.06	0.31	0.7	0.09	WULF
STEP	-0.03	-0.45	-0.39	0.12	0.08		0.72	0.82	0.26	0.91	STEP
ONB	-0.22	-0.7	-0.6	0.06	0.06	0.72		0.6	0.03	0.9	ONB
HUT	0.23	-0.16	-0.16	0.16	0.31	0.82	0.6		0.22	0.78	HUT
UWMC	0.61	0.34	0.27	0.65	0.7	0.26	0.03	0.22		0.18	UWMC
CFR	-0.1	-0.55	-0.51	0.15	0.09	0.91	0.9	0.78	0.18		CFR
	CIFR	MARA	BMNR	XP	WULF	STEP	ONB	HUT	UWMC	CFR

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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

BMNR	+ 0.91	MARA
CFR	+ 0.91	STEP
CFR	+ 0.9	ONB
WULF	+ 0.82	CIFR
HUT	+ 0.82	STEP
CFR	+ 0.78	HUT

High negative correlations

ONB	- 0.7	MARA
ONB	- 0.6	BMNR
CFR	- 0.55	MARA
CFR	- 0.51	BMNR
STEP	- 0.45	MARA
STEP	- 0.39	BMNR

Risk-Adjusted Indicators

There is a big difference between Riot Stock performing well and Riot Blockchain 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 Riot Blockchain'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	5.10	(0.14)	0.00	(0.04)	0.00	0.00	12.10	(10.41)	36.13
MARA	3.53	(1.10)	0.00	(0.52)	0.00	0.00	6.57	(7.12)	20.04
BMNR	5.71	(1.11)	0.00	(0.31)	0.00	0.00	10.27	(10.47)	32.25
XP	1.93	0.13	0.04	0.18	2.82	(1.85)	4.64	(4.83)	15.10
WULF	4.48	0.13	0.02	0.15	5.77	(4.41)	10.37	(9.48)	24.71
STEP	1.65	(0.03)	0.00	0.02	2.41	(1.65)	3.30	(2.96)	7.04
ONB	1.16	0.32	0.23	0.30	1.03	(1.38)	2.93	(1.59)	7.78
HUT	5.29	0.32	0.05	0.18	7.02	(5.01)	13.61	(12.53)	28.54
UWMC	2.58	(0.17)	0.00	(0.02)	0.00	0.00	6.11	(5.41)	27.66
CFR	1.02	0.19	0.20	0.25	0.73	(1.31)	3.15	(1.28)	7.64

Riot Blockchain Corporate Management

Ashton Harris	Head Operations	Profile
Colin Yee	Chief Officer	Profile
Stephen Howell	Chief Officer	Profile
Ryan Werner	Senior Officer	Profile
Lyle Theriot	Head Construction	Profile

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