Cipher Mining Stock Market Value
| CIFR Stock | USD 6.19 0.32 4.92% |
| Symbol | Cipher |
Cipher Mining Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cipher Mining. If investors know Cipher will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cipher Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Revenue Per Share 0.506 | Quarterly Revenue Growth (0.20) | Return On Assets (0.05) | Return On Equity (0.10) |
The market value of Cipher Mining is measured differently than its book value, which is the value of Cipher that is recorded on the company's balance sheet. Investors also form their own opinion of Cipher Mining's value that differs from its market value or its book value, called intrinsic value, which is Cipher Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cipher Mining's market value can be influenced by many factors that don't directly affect Cipher Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cipher Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cipher Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cipher Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cipher Mining 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cipher Mining's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cipher Mining.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cipher Mining on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cipher Mining or generate 0.0% return on investment in Cipher Mining over 30 days. Cipher Mining is related to or competes with Iris Energy, CleanSpark, Stronghold Digital, Bitfarms, Terawulf, Argo Blockchain, and Greenidge Generation. Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States More
Cipher Mining Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cipher Mining's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cipher Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.58 | |||
| Information Ratio | 0.1097 | |||
| Maximum Drawdown | 40.95 | |||
| Value At Risk | (6.88) | |||
| Potential Upside | 14.17 |
Cipher Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cipher Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cipher Mining's standard deviation. In reality, there are many statistical measures that can use Cipher Mining historical prices to predict the future Cipher Mining's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.3382 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1641 | |||
| Treynor Ratio | 0.1652 |
Cipher Mining Backtested Returns
Cipher Mining appears to be risky, given 3 months investment horizon. Cipher Mining secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Cipher Mining's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please makes use of Cipher Mining's Mean Deviation of 5.04, downside deviation of 4.58, and Risk Adjusted Performance of 0.1048 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cipher Mining holds a performance score of 10. The firm shows a Beta (market volatility) of 5.15, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cipher Mining will likely underperform. Please check Cipher Mining's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Cipher Mining's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Cipher Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Cipher Mining time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cipher Mining price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Cipher Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Cipher Mining lagged returns against current returns
Autocorrelation, which is Cipher Mining stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cipher Mining's stock expected returns. We can calculate the autocorrelation of Cipher Mining returns to help us make a trade decision. For example, suppose you find that Cipher Mining has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cipher Mining regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cipher Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cipher Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cipher Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Cipher Mining Lagged Returns
When evaluating Cipher Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cipher Mining stock have on its future price. Cipher Mining autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cipher Mining autocorrelation shows the relationship between Cipher Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Cipher Mining.
Regressed Prices |
| Timeline |
Pair Trading with Cipher Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cipher Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cipher Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Cipher Stock
| 0.73 | V | Visa Class A | PairCorr |
| 0.83 | DIST | Distoken Acquisition | PairCorr |
| 0.86 | AB | AllianceBernstein | PairCorr |
| 0.78 | AC | Associated Capital | PairCorr |
Moving against Cipher Stock
The ability to find closely correlated positions to Cipher Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cipher Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cipher Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cipher Mining to buy it.
The correlation of Cipher Mining 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cipher Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cipher Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cipher Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cipher Stock Analysis
When running Cipher Mining's price analysis, check to measure Cipher Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.