Cipher Mining Correlations

CIFRWDelisted Stock

USD 4.09 0.15 3.54%

The current 90-days correlation between Cipher Mining and Hut 8 Corp is 0.08 (i.e., Significant diversification). 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 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.

Cipher Mining Correlation With Market

Excellent diversification

The correlation between Cipher Mining and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cipher Mining and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving against Cipher Stock

0.72	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.71	BA	Boeing Sell-off Trend	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.46	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.45	BFDE	Bedford Energy	Pair Corr
0.39	CAT	Caterpillar	Pair Corr
0.38	COHG	Cheetah Oil Gas	Pair Corr

Related Correlations Analysis

	MC	LAZ	RJF	SNEX	BGC	VIRT	HUT	PJT	UPST	NNI
MC		0.6	0.84	0.92	0.24	0.22	0.75	0.88	0.63	0.58	MC
LAZ	0.6		0.68	0.65	0.11	0.59	0.45	0.62	0.24	0.31	LAZ
RJF	0.84	0.68		0.86	0.4	0.36	0.77	0.73	0.48	0.55	RJF
SNEX	0.92	0.65	0.86		0.26	0.48	0.78	0.82	0.5	0.49	SNEX
BGC	0.24	0.11	0.4	0.26		0.2	0.37	0.21	0.34	0.18	BGC
VIRT	0.22	0.59	0.36	0.48	0.2		0.42	0.35	-0.23	-0.21	VIRT
HUT	0.75	0.45	0.77	0.78	0.37	0.42		0.69	0.41	0.32	HUT
PJT	0.88	0.62	0.73	0.82	0.21	0.35	0.69		0.5	0.32	PJT
UPST	0.63	0.24	0.48	0.5	0.34	-0.23	0.41	0.5		0.59	UPST
NNI	0.58	0.31	0.55	0.49	0.18	-0.21	0.32	0.32	0.59		NNI
	MC	LAZ	RJF	SNEX	BGC	VIRT	HUT	PJT	UPST	NNI

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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

SNEX	+ 0.92	MC
PJT	+ 0.88	MC
SNEX	+ 0.86	RJF
RJF	+ 0.84	MC
PJT	+ 0.82	SNEX
HUT	+ 0.78	SNEX

High negative correlations

UPST	- 0.23	VIRT
NNI	- 0.21	VIRT

Risk-Adjusted Indicators

There is a big difference between Cipher Stock performing well and Cipher Mining 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 Cipher Mining'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
MC	1.59	0.04	0.00	0.22	2.18	(1.60)	3.36	(3.84)	9.78
LAZ	1.52	0.15	0.05	0.51	2.10	(1.45)	3.60	(3.31)	12.15
RJF	1.06	0.00	0.01	0.04	1.34	(1.11)	2.22	(2.20)	5.52
SNEX	1.80	0.16	0.08	0.12	2.02	(1.82)	4.36	(3.12)	9.30
BGC	1.11	(0.06)	0.00	(0.04)	0.00	0.00	2.45	(2.84)	6.73
VIRT	1.32	0.31	0.19	0.85	1.30	(1.50)	2.81	(2.00)	6.62
HUT	5.16	0.54	0.08	0.33	6.91	(4.95)	13.61	(12.53)	28.54
PJT	1.51	(0.07)	0.00	(0.24)	0.00	0.00	3.08	(4.73)	10.14
UPST	3.38	(0.47)	0.00	(0.13)	0.00	0.00	6.09	(7.77)	18.48
NNI	1.16	(0.01)	(0.02)	0.02	1.36	(1.22)	2.43	(2.15)	6.95

Cipher Mining Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cipher Mining stock to make a market-neutral strategy. Peer analysis of Cipher Mining could also be used in its relative valuation, which is a method of valuing Cipher Mining by comparing valuation metrics with similar companies.

Moelis Co Lazard Raymond James Financial Stonex Group BGC Group Virtu Financial Hut 8 Corp PJT Partners Upstart Holdings Nelnet Inc American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Cipher Mining Corporate Management

Courtney Knight	Head Relations	Profile
Will Iwaschuk	Chief Officer	Profile
Courtney Frazier	Head Operations	Profile
Edward CPA	Chief Officer	Profile
Samy Biyadi	Head Power	Profile
Tyler Page	CEO Director	Profile

Still Interested in Cipher Mining?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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