CleanSpark Correlations

CLSK Stock

USD 13.86 0.83 6.37%

The current 90-days correlation between CleanSpark and Hut 8 Corp is 0.78 (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

Very weak diversification

The correlation between CleanSpark and DJI is 0.57 (i.e., Very 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.

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 state.

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

Moving together with CleanSpark Stock

0.95	ANY	Sphere 3D Corp	Pair Corr
0.8	FUFU	BitFuFu Class A	Pair Corr
0.76	GRYP	Gryphon Digital Mining Symbol Change	Pair Corr
0.9	MARA	Marathon Digital Holdings Buyout Trend	Pair Corr
0.96	RIOT	Riot Blockchain Buyout Trend	Pair Corr
0.78	SDIG	Stronghold Digital Mining	Pair Corr
0.92	BTBT	Bit Digital Upward Rally	Pair Corr
0.9	DGHI	Digihost Technology	Pair Corr
0.83	S	SentinelOne	Pair Corr
0.69	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.82	BL	Blackline	Pair Corr
0.84	FI	Fiserv,	Pair Corr
0.69	IT	Gartner	Pair Corr
0.74	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.78	KE	Kimball Electronics	Pair Corr
0.76	KN	Knowles Cor	Pair Corr
0.84	ML	MoneyLion	Pair Corr

Moving against CleanSpark Stock

0.8	XTIA	XTI Aerospace, Symbol Change	Pair Corr
0.7	NTRP	NextTrip Symbol Change	Pair Corr
0.69	WKEY	Wisekey International	Pair Corr
0.6	FRGE	Forge Global Holdings	Pair Corr
0.57	ENLV	Enlivex Therapeutics	Pair Corr
0.38	MKDW	MKDWELL Tech Ordinary	Pair Corr
0.64	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.62	MQ	Marqeta	Pair Corr
0.32	DM	Desktop Metal	Pair Corr

Related Correlations Analysis

	HUT	HIVE	BTBT	WULF	BITF	MARA	RIOT	CIFR	IREN	SDIG
HUT		0.86	0.81	0.89	0.5	0.89	0.93	0.9	0.87	0.66	HUT
HIVE	0.86		0.95	0.95	0.71	0.78	0.96	0.93	0.95	0.83	HIVE
BTBT	0.81	0.95		0.9	0.69	0.81	0.91	0.9	0.94	0.82	BTBT
WULF	0.89	0.95	0.9		0.59	0.78	0.95	0.95	0.93	0.75	WULF
BITF	0.5	0.71	0.69	0.59		0.57	0.58	0.5	0.67	0.96	BITF
MARA	0.89	0.78	0.81	0.78	0.57		0.86	0.81	0.83	0.66	MARA
RIOT	0.93	0.96	0.91	0.95	0.58	0.86		0.98	0.94	0.73	RIOT
CIFR	0.9	0.93	0.9	0.95	0.5	0.81	0.98		0.93	0.67	CIFR
IREN	0.87	0.95	0.94	0.93	0.67	0.83	0.94	0.93		0.8	IREN
SDIG	0.66	0.83	0.82	0.75	0.96	0.66	0.73	0.67	0.8		SDIG
	HUT	HIVE	BTBT	WULF	BITF	MARA	RIOT	CIFR	IREN	SDIG

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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
HUT	4.81	1.19	0.30	0.44	4.04	(5.64)	14.21	(6.62)	32.14
HIVE	4.64	0.04	0.06	0.13	4.94	(5.39)	11.81	(7.71)	29.04
BTBT	5.42	0.11	0.08	0.14	5.65	(6.18)	11.34	(9.72)	42.28
WULF	5.50	0.53	0.14	0.26	5.39	(6.26)	10.96	(8.41)	37.34
BITF	4.65	(0.36)	0.00	0.02	5.09	(5.58)	10.16	(7.05)	33.47
MARA	4.81	0.30	0.14	0.18	4.69	(6.11)	11.02	(8.26)	43.97
RIOT	4.17	0.32	0.14	0.19	4.63	(4.64)	9.54	(7.38)	38.48
CIFR	5.40	0.52	0.19	0.23	4.56	(7.44)	14.38	(7.49)	43.73
IREN	5.95	0.42	0.15	0.20	5.12	(7.27)	16.01	(8.41)	35.75
SDIG	4.78	(0.23)	0.02	0.06	5.27	(5.67)	13.24	(7.94)	39.35

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	Senior Growth	Profile
Owen Cadwalader	VP Operations	Profile

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