Correlation Between Cipher Mining and CullenFrost Bankers
Can any of the company-specific risk be diversified away by investing in both Cipher Mining and CullenFrost Bankers 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 Cipher Mining and CullenFrost Bankers into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cipher Mining and CullenFrost Bankers, you can compare the effects of market volatilities on Cipher Mining and CullenFrost Bankers 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 Cipher Mining with a short position of CullenFrost Bankers. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cipher Mining and CullenFrost Bankers.
Diversification Opportunities for Cipher Mining and CullenFrost Bankers
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between Cipher and CullenFrost is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Cipher Mining and CullenFrost Bankers in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CullenFrost Bankers and Cipher Mining 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 Cipher Mining are associated (or correlated) with CullenFrost Bankers. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CullenFrost Bankers has no effect on the direction of Cipher Mining i.e., Cipher Mining and CullenFrost Bankers go up and down completely randomly.
Pair Corralation between Cipher Mining and CullenFrost Bankers
Given the investment horizon of 90 days Cipher Mining is expected to generate 4.33 times more return on investment than CullenFrost Bankers. However, Cipher Mining is 4.33 times more volatile than CullenFrost Bankers. It trades about 0.28 of its potential returns per unit of risk. CullenFrost Bankers is currently generating about -0.07 per unit of risk. If you would invest 668.00 in Cipher Mining on July 23, 2025 and sell it today you would earn a total of 1,323 from holding Cipher Mining or generate 198.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cipher Mining vs. CullenFrost Bankers
Performance |
| Timeline |
| Cipher Mining |
| CullenFrost Bankers |
Cipher Mining and CullenFrost Bankers Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cipher Mining and CullenFrost Bankers
The main advantage of trading using opposite Cipher Mining and CullenFrost Bankers positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cipher Mining position performs unexpectedly, CullenFrost Bankers 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 CullenFrost Bankers will offset losses from the drop in CullenFrost Bankers' long position.| Cipher Mining vs. Riot Blockchain | Cipher Mining vs. Marathon Digital Holdings | Cipher Mining vs. Bitmine Immersion Technologies, | Cipher Mining vs. Xp Inc |
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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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