Correlation Between CleanSpark and China Clean
Can any of the company-specific risk be diversified away by investing in both CleanSpark and China Clean 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 CleanSpark and China Clean into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CleanSpark and China Clean Energy, you can compare the effects of market volatilities on CleanSpark and China Clean 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 CleanSpark with a short position of China Clean. Check out your portfolio center. Please also check ongoing floating volatility patterns of CleanSpark and China Clean.
Diversification Opportunities for CleanSpark and China Clean
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between CleanSpark and China is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CleanSpark and China Clean Energy in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on China Clean Energy and CleanSpark 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 CleanSpark are associated (or correlated) with China Clean. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of China Clean Energy has no effect on the direction of CleanSpark i.e., CleanSpark and China Clean go up and down completely randomly.
Pair Corralation between CleanSpark and China Clean
If you would invest 1,239 in CleanSpark on July 20, 2025 and sell it today you would earn a total of 713.00 from holding CleanSpark or generate 57.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.48% |
| Values | Daily Returns |
CleanSpark vs. China Clean Energy
Performance |
| Timeline |
| CleanSpark |
| China Clean Energy |
CleanSpark and China Clean Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CleanSpark and China Clean
The main advantage of trading using opposite CleanSpark and China Clean positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CleanSpark position performs unexpectedly, China Clean 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 China Clean will offset losses from the drop in China Clean's long position.| CleanSpark vs. StubHub Holdings, | CleanSpark vs. Cirrus Logic | CleanSpark vs. Webull Corp | CleanSpark vs. Clearwater Analytics Holdings |
| China Clean vs. Summit Environmental | China Clean vs. Green Energy Live | China Clean vs. Historic Discoveries | China Clean vs. Mercator Minerals |
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 Stocks Directory module to find actively traded stocks across global markets.
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