Bitfarms Correlations

BITF Stock

3.02 -0.01 -0.33%

The current 90-days correlation between Bitfarms and EQB Inc is 0.09 (i.e., Significant diversification).The rolling correlation of Bitfarms with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Correlation Summary - Bitfarms

Good diversification

Across the chosen horizon, BITF and DJI show a correlation of -0.07 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Correlation context here can be used to compare Bitfarms with related instruments. Wash sale rules may restrict substantially identical replacements in some jurisdictions; this view is informational only.

Moving together with Bitfarms Stock

0.81	KKR	KKR Co Inc	Pair Corr
0.8	MSFT	Microsoft CDR	Pair Corr
0.8	MSFT	Microsoft Corp CDR	Pair Corr
0.76	ZMSF	MICROSOFT BMO CDR	Pair Corr

Moving against Bitfarms Stock

0.73	BCE-PR	BCE Inc Pref	Pair Corr
0.71	AME	Abacus Mining	Pair Corr
0.7	IPCO	International Petroleum	Pair Corr
0.65	CTRL	Edge Total Intelligence	Pair Corr
0.63	OXY	Occidental Petroleum CDR	Pair Corr
0.54	BQE	BQE Water	Pair Corr
0.43	PGDC	Patagonia Gold Corp	Pair Corr
0.39	QTRH	Quarterhill Earnings Call This Week	Pair Corr
0.34	CAPT	Capitan Silver Corp	Pair Corr

Related Correlations Analysis

	IFC-PA	EQB	BBUC	HUT	ELF	CF	SATO	DMGI	CSTR
IFC-PA		0.91	-0.57	0.25	0.36	0.8	-0.93	-0.45	-0.01	IFC-PA
EQB	0.91		-0.45	0.26	0.37	0.84	-0.93	-0.5	-0.12	EQB
BBUC	-0.57	-0.45		0.07	0.0	-0.44	0.52	0.4	-0.19	BBUC
HUT	0.25	0.26	0.07		0.61	0.17	-0.27	0.44	-0.19	HUT
ELF	0.36	0.37	0.0	0.61		0.48	-0.45	0.32	-0.24	ELF
CF	0.8	0.84	-0.44	0.17	0.48		-0.85	-0.38	-0.08	CF
SATO	-0.93	-0.93	0.52	-0.27	-0.45	-0.85		0.47	0.08	SATO
DMGI	-0.45	-0.5	0.4	0.44	0.32	-0.38	0.47		-0.06	DMGI
CSTR	-0.01	-0.12	-0.19	-0.19	-0.24	-0.08	0.08	-0.06		CSTR
	IFC-PA	EQB	BBUC	HUT	ELF	CF	SATO	DMGI	CSTR

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

EQB	+ 0.91	IFC-PA
CF	+ 0.84	EQB
CF	+ 0.8	IFC-PA
ELF	+ 0.61	HUT
SATO	+ 0.52	BBUC
CF	+ 0.48	ELF

High negative correlations

SATO	- 0.93	EQB
SATO	- 0.93	IFC-PA
SATO	- 0.85	CF
BBUC	- 0.57	IFC-PA
DMGI	- 0.5	EQB
SATO	- 0.45	ELF

Risk-Adjusted Indicators

There is a big difference between Bitfarms Stock performing well and Bitfarms 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 Bitfarms' 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
IFC-PA	0.39	0.07	0.23	-2.08	0.33	-0.44	0.90	-0.73	2.08
EQB	1.06	0.20	0.16	0.67	1.37	-1.14	2.50	-2.00	8.77
BBUC	1.70	-0.19	0.00	-0.22	0.00	0.00	3.39	-3.89	10.68
HUT	5.13	0.56	0.07	0.13	6.60	-5.12	13.66	-9.71	32.49
ELF	0.81	0.05	0.07	0.05	1.00	-0.85	1.82	-1.66	6.94
CF	1.31	0.12	0.11	0.30	1.29	-1.55	3.31	-2.21	13.40
SATO	4.65	-0.62	0.00	1.08	0.00	0.00	14.29	-14.29	36.67
DMGI	4.38	-0.11	0.00	-0.10	0.00	0.00	10.00	-7.69	21.64
CSTR	33.06	9.53	0.17	0.98	23.60	-100.00	100.00	-50.00	150.00

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Bitfarms is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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Bitfarms Corporate Management

Governance review matters for Bitfarms because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.

Patricia Osorio	VP Secretary	Profile
Rachel Silverstein	General America	Profile
Philippe Fortier	Senior Development	Profile
Nicolas Bonta	Founder Chairman	Profile
Liam Wilson	Chief Officer	Profile
MarcAndre Ammann	Senior Accounting	Profile

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