CleanSpark Correlations

CLSK Stock

USD 13.37 0.64 5.03%

The current 90-days correlation between CleanSpark and Bitdeer Technologies Group is 0.67 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CleanSpark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanSpark moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CleanSpark Correlation With Market

Weak diversification

The correlation between CleanSpark and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CleanSpark and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CleanSpark Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.

Moving together with CleanSpark Stock

0.73	EXFY	Expensify	Pair Corr
0.88	AUR	Aurora Innovation	Pair Corr
0.9	BSY	Bentley Systems	Pair Corr
0.87	PTC	PTC Inc Sell-off Trend	Pair Corr
0.84	RXT	Rackspace Technology	Pair Corr
0.86	SAP	SAP SE ADR	Pair Corr
0.85	TTD	Trade Desk	Pair Corr
0.77	TYL	Tyler Technologies	Pair Corr
0.76	WCT	Wellchange Holdings	Pair Corr
0.72	GWRE	Guidewire Software	Pair Corr
0.72	OVT	Oculus VisionTech	Pair Corr
0.81	EVPL	Everplay Group PLC	Pair Corr
0.68	HTCR	HeartCore Enterprises	Pair Corr
0.75	HUBC	Hub Cyber Security	Pair Corr
0.61	ID	Identillect Technologies	Pair Corr

Moving against CleanSpark Stock

0.72	DBD	Diebold Nixdorf	Pair Corr
0.7	DSP	Viant Technology	Pair Corr
0.65	TTGI	Turnium Technology	Pair Corr
0.43	FICO	Fair Isaac	Pair Corr
0.37	MQ	Marqeta	Pair Corr
0.32	601360	360 Security Technology	Pair Corr
0.48	688229	Bonree Data Technology	Pair Corr

Related Correlations Analysis

	BTDR	CWAN	ACIW	BULL	WEX	ITRI	WK	OS	BILL	BOX
BTDR		-0.72	0.53	0.86	0.21	0.87	-0.25	-0.26	-0.46	0.62	BTDR
CWAN	-0.72		-0.5	-0.73	0.35	-0.59	0.0	0.27	0.64	-0.74	CWAN
ACIW	0.53	-0.5		0.57	0.1	0.61	-0.04	-0.49	0.01	0.71	ACIW
BULL	0.86	-0.73	0.57		0.18	0.87	0.01	-0.44	-0.24	0.79	BULL
WEX	0.21	0.35	0.1	0.18		0.3	-0.16	0.05	0.38	-0.09	WEX
ITRI	0.87	-0.59	0.61	0.87	0.3		-0.05	-0.36	-0.24	0.67	ITRI
WK	-0.25	0.0	-0.04	0.01	-0.16	-0.05		0.25	0.08	0.22	WK
OS	-0.26	0.27	-0.49	-0.44	0.05	-0.36	0.25		-0.21	-0.48	OS
BILL	-0.46	0.64	0.01	-0.24	0.38	-0.24	0.08	-0.21		-0.09	BILL
BOX	0.62	-0.74	0.71	0.79	-0.09	0.67	0.22	-0.48	-0.09		BOX
	BTDR	CWAN	ACIW	BULL	WEX	ITRI	WK	OS	BILL	BOX

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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

ITRI	+ 0.87	BTDR
ITRI	+ 0.87	BULL
BULL	+ 0.86	BTDR
BOX	+ 0.79	BULL
BOX	+ 0.71	ACIW
BOX	+ 0.67	ITRI

High negative correlations

BOX	- 0.74	CWAN
BULL	- 0.73	CWAN
CWAN	- 0.72	BTDR
ITRI	- 0.59	CWAN
ACIW	- 0.5	CWAN
OS	- 0.49	ACIW

Risk-Adjusted Indicators

There is a big difference between CleanSpark Stock performing well and CleanSpark 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 CleanSpark'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
BTDR	5.13	(0.27)	0.00	(0.06)	0.00	0.00	9.99	(9.51)	49.03
CWAN	1.72	0.35	0.15	0.31	2.03	(1.83)	5.40	(3.95)	14.20
ACIW	1.27	(0.31)	0.00	(0.56)	0.00	0.00	2.08	(4.35)	9.43
BULL	2.55	(0.68)	0.00	(0.27)	0.00	0.00	4.58	(5.90)	12.33
WEX	1.34	(0.04)	(0.02)	0.05	1.56	(1.37)	3.06	(2.50)	6.48
ITRI	1.74	(0.46)	0.00	(0.28)	0.00	0.00	2.59	(4.16)	24.28
WK	1.40	(0.05)	0.00	(0.08)	0.00	0.00	3.07	(2.77)	9.65
OS	2.98	0.39	0.14	0.28	2.70	(3.45)	6.39	(4.81)	29.57
BILL	1.96	(0.22)	0.00	(0.05)	0.00	0.00	3.12	(4.27)	18.79
BOX	1.31	(0.41)	0.00	(0.53)	0.00	0.00	2.76	(3.61)	11.36

CleanSpark Corporate Management

Rachel Silverstein	SVP Counsel	Profile
Bernardo Schucman	VP Division	Profile
Brian Carson	Chief Officer	Profile
Gary CPA	Chief Officer	Profile
Bradley Audiss	Senior Operations	Profile
Scott Garrison	Executive Officer	Profile
Owen Cadwalader	VP Operations	Profile

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