Terawulf Correlations

WULF Stock

USD 4.73 0.09 1.94%

The current 90-days correlation between Terawulf and Iris Energy is -0.04 (i.e., Good diversification). The correlation of Terawulf 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.

Terawulf Correlation With Market

Good diversification

The correlation between Terawulf and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Terawulf and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Terawulf. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Terawulf Stock please use our How to Invest in Terawulf guide.

Moving together with Terawulf Stock

0.64	WD	Walker Dunlop	Pair Corr
0.62	BEN	Franklin Resources	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.61	BY	Byline Bancorp	Pair Corr

Moving against Terawulf Stock

0.57	MAIN	Main Street Capital	Pair Corr
0.56	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.54	GCMG	GCM Grosvenor	Pair Corr
0.51	GECC	Great Elm Capital	Pair Corr
0.49	ARES	Ares Management LP Earnings Call This Week	Pair Corr
0.49	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.36	C	Citigroup Earnings Call This Week	Pair Corr
0.31	CNF	CNFinance Holdings	Pair Corr
0.58	GL	Globe Life Earnings Call This Week	Pair Corr
0.47	DB	Deutsche Bank AG	Pair Corr
0.47	LX	Lexinfintech Holdings Trending	Pair Corr
0.43	RM	Regional Management Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IREN	SDIG	ARBK	BITF	HUT	RIOT	MARA	CIFR	GREE	HIVE
IREN		0.26	-0.27	0.32	0.77	0.63	0.62	0.58	0.08	0.28	IREN
SDIG	0.26		0.7	0.89	0.17	0.21	0.61	0.76	0.9	0.89	SDIG
ARBK	-0.27	0.7		0.79	-0.35	-0.12	0.09	0.49	0.8	0.79	ARBK
BITF	0.32	0.89	0.79		0.16	0.33	0.47	0.86	0.85	0.98	BITF
HUT	0.77	0.17	-0.35	0.16		0.75	0.64	0.48	-0.07	0.11	HUT
RIOT	0.63	0.21	-0.12	0.33	0.75		0.36	0.59	0.0	0.31	RIOT
MARA	0.62	0.61	0.09	0.47	0.64	0.36		0.6	0.38	0.45	MARA
CIFR	0.58	0.76	0.49	0.86	0.48	0.59	0.6		0.68	0.83	CIFR
GREE	0.08	0.9	0.8	0.85	-0.07	0.0	0.38	0.68		0.86	GREE
HIVE	0.28	0.89	0.79	0.98	0.11	0.31	0.45	0.83	0.86		HIVE
	IREN	SDIG	ARBK	BITF	HUT	RIOT	MARA	CIFR	GREE	HIVE

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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

HIVE	+ 0.98	BITF
GREE	+ 0.9	SDIG
BITF	+ 0.89	SDIG
HIVE	+ 0.89	SDIG
CIFR	+ 0.86	BITF
HIVE	+ 0.86	GREE

High negative correlations

HUT	- 0.35	ARBK
ARBK	- 0.27	IREN
RIOT	- 0.12	ARBK
GREE	- 0.07	HUT
GREE	- 0.0	RIOT

Risk-Adjusted Indicators

There is a big difference between Terawulf Stock performing well and Terawulf 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 Terawulf'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	6.22	0.52	0.06	(2.16)	6.76	(7.57)	16.01	(11.63)	53.96
SDIG	5.11	(0.12)	0.00	0.29	0.00	0.00	13.37	(9.77)	39.35
ARBK	5.66	(1.05)	0.00	(3.24)	0.00	0.00	10.71	(11.03)	31.09
BITF	4.98	(0.21)	0.00	1.01	0.00	0.00	10.10	(9.81)	33.47
HUT	5.77	0.87	0.10	(1.11)	6.65	(6.74)	12.15	(10.05)	49.56
RIOT	5.47	0.46	0.06	1.76	6.29	(6.13)	10.74	(12.32)	41.59
MARA	5.14	0.24	0.03	0.80	5.85	(5.58)	13.09	(9.72)	43.97
CIFR	5.57	0.01	(0.01)	0.13	6.88	(6.38)	14.56	(10.27)	54.57
GREE	4.60	(0.48)	0.00	0.80	0.00	0.00	9.31	(9.16)	28.70
HIVE	4.37	(0.19)	0.00	(0.39)	0.00	0.00	11.06	(10.03)	26.81

Terawulf Corporate Management

Patrick Fleury	Chief Officer	Profile
Sean Farrell	Senior Operations	Profile
Stephanie Fleischmann	Chief Counsel	Profile
Kerri Langlais	Chief Director	Profile
Kenneth Hegman	Chief IKONICS	Profile
William Harrison	Vice Relations	Profile
Claude Piguet	Executive IKONICS	Profile

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