Correlation Between CullenFrost Bankers and Cipher Mining
Can any of the company-specific risk be diversified away by investing in both CullenFrost Bankers and Cipher Mining at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CullenFrost Bankers and Cipher Mining into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CullenFrost Bankers and Cipher Mining, you can compare the effects of market volatilities on CullenFrost Bankers and Cipher Mining and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CullenFrost Bankers with a short position of Cipher Mining. Check out your portfolio center. Please also check ongoing floating volatility patterns of CullenFrost Bankers and Cipher Mining.
Diversification Opportunities for CullenFrost Bankers and Cipher Mining
-0.2 | Correlation Coefficient |
Good diversification
The 3 months correlation between CullenFrost and Cipher is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding CullenFrost Bankers and Cipher Mining in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cipher Mining and CullenFrost Bankers is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CullenFrost Bankers are associated (or correlated) with Cipher Mining. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cipher Mining has no effect on the direction of CullenFrost Bankers i.e., CullenFrost Bankers and Cipher Mining go up and down completely randomly.
Pair Corralation between CullenFrost Bankers and Cipher Mining
Considering the 90-day investment horizon CullenFrost Bankers is expected to under-perform the Cipher Mining. But the stock apears to be less risky and, when comparing its historical volatility, CullenFrost Bankers is 4.5 times less risky than Cipher Mining. The stock trades about -0.07 of its potential returns per unit of risk. The Cipher Mining is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest 647.00 in Cipher Mining on July 25, 2025 and sell it today you would earn a total of 964.00 from holding Cipher Mining or generate 149.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
CullenFrost Bankers vs. Cipher Mining
Performance |
| Timeline |
| CullenFrost Bankers |
| Cipher Mining |
CullenFrost Bankers and Cipher Mining Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CullenFrost Bankers and Cipher Mining
The main advantage of trading using opposite CullenFrost Bankers and Cipher Mining positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CullenFrost Bankers position performs unexpectedly, Cipher Mining 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 offset losses from the drop in Cipher Mining's long position.| CullenFrost Bankers vs. Commerce Bancshares | CullenFrost Bankers vs. Old National Bancorp | CullenFrost Bankers vs. Popular | CullenFrost Bankers vs. Wintrust Financial |
| Cipher Mining vs. Riot Blockchain | Cipher Mining vs. Marathon Digital Holdings | Cipher Mining vs. Bitmine Immersion Technologies, | Cipher Mining vs. Xp Inc |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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