Cipher Mining Correlations

Stocks . USA . 
Stock . Cipher Mining
CIFRW Stock  USD 2.04  0.07  3.32%   
The current 90-days correlation between Cipher Mining and Cipher Mining is 0.88 (i.e., Very poor 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

Very weak diversification

The correlation between Cipher Mining and DJI is 0.49 (i.e., Very weak 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, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.

Moving together with Cipher Stock

  0.84V Visa Class APairCorr
  0.91MA MastercardPairCorr
  0.95MS Morgan Stanley Fiscal Year End 21st of January 2025 PairCorr
  0.61TW Tradeweb MarketsPairCorr
  0.62ECPG Encore Capital GroupPairCorr
  0.92ENVA Enova InternationalPairCorr
  0.7FDUS Fidus Investment CorpPairCorr
  0.89AGM Federal AgriculturalPairCorr
  0.93AMP Ameriprise Financial Fiscal Year End 22nd of January 2025 PairCorr
  0.84AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.93COF Capital One Financial Fiscal Year End 23rd of January 2025 PairCorr
  0.93DFS Discover Financial Fiscal Year End 15th of January 2025 PairCorr
  0.87FRHC Freedom Holding CorpPairCorr
  0.73NMR Nomura Holdings ADRPairCorr
  0.75SLM SLM Corp Normal TradingPairCorr
  0.93SYF Synchrony Financial Fiscal Year End 28th of January 2025 PairCorr
  0.86IREN Iris EnergyPairCorr
  0.68LRFC Logan Ridge FinancePairCorr
  0.89MFIN Medallion Financial Corp Normal TradingPairCorr
  0.65OPRT Oportun Financial CorpPairCorr
  0.86PYPL PayPal HoldingsPairCorr
  0.82ALLY Ally Financial Fiscal Year End 17th of January 2025 PairCorr
  0.64ALTI Alvarium TiedemannPairCorr
  0.89APAM Artisan Partners Asset Fiscal Year End 4th of February 2025 PairCorr

Moving against Cipher Stock

  0.82WU Western UnionPairCorr
  0.72FCFS FirstCashPairCorr
  0.57PT Pintec TechnologyPairCorr
  0.82ORGN Origin MaterialsPairCorr
  0.66MCVT Mill City VenturesPairCorr
  0.62GROW US Global InvestorsPairCorr
  0.52PFLT PennantPark Floating RatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
LIDRW
+ 0.6
CIFR
INDIW
+ 0.41
CIFR
LIDRW
+ 0.4
BGRYW
LIDRW
+ 0.27
ARQQW
BGRYW
+ 0.14
CIFR
ARQQW
+ 0.13
BGRYW
  
High negative correlations   
INDIW
- 0.18
BGRYW
ARQQW
- 0.0
INDIW

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.

Cipher Mining Corporate Management

Will IwaschukChief OfficerProfile
Courtney FrazierHead OperationsProfile
Edward CPAChief OfficerProfile
Samy BiyadiHead PowerProfile
Tyler PageCEO DirectorProfile
Chris TotinChief OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY