Greenidge Generation Correlations

GREE Stock

USD 0.84 0.04 4.58%

The current 90-days correlation between Greenidge Generation and Cipher Mining is 0.09 (i.e., Significant diversification). The correlation of Greenidge Generation 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.

Greenidge Generation Correlation With Market

Average diversification

The correlation between Greenidge Generation Holdings and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenidge Generation Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenidge Generation Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Greenidge Stock

0.8	WD	Walker Dunlop	Pair Corr
0.65	ECPG	Encore Capital Group	Pair Corr
0.78	SYF	Synchrony Financial	Pair Corr
0.79	ORGN	Origin Materials	Pair Corr
0.93	PYPL	PayPal Holdings	Pair Corr
0.72	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.95	BITF	Bitfarms	Pair Corr
0.81	CODI	Compass Diversified	Pair Corr
0.62	DHIL	Diamond Hill Investment	Pair Corr
0.75	AX	Axos Financial	Pair Corr
0.82	BX	Blackstone Group	Pair Corr
0.69	CG	Carlyle Group Normal Trading	Pair Corr
0.83	CM	Canadian Imperial Bank	Pair Corr

Moving against Greenidge Stock

0.76	V	Visa Class A Sell-off Trend	Pair Corr
0.68	GDST	Goldenstone Acquisition	Pair Corr
0.62	RENEW	Cartesian Growth	Pair Corr
0.55	WSBF	Waterstone Financial	Pair Corr
0.52	MA	Mastercard	Pair Corr
0.46	PT	Pintec Technology	Pair Corr
0.65	COOP	Mr Cooper Group	Pair Corr
0.59	BK	Bank of New York Sell-off Trend	Pair Corr
0.58	BBDC	Barings BDC	Pair Corr
0.45	L	Loews Corp	Pair Corr
0.44	SNFCA	Security National Earnings Call Today	Pair Corr
0.44	AC	Associated Capital	Pair Corr
0.88	LX	Lexinfintech Holdings	Pair Corr
0.84	GL	Globe Life	Pair Corr
0.82	DB	Deutsche Bank AG	Pair Corr
0.78	LU	Lufax Holding	Pair Corr
0.63	CB	Chubb	Pair Corr
0.5	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	CIFR	WULF	IREN	ARBK	SDIG	BITF	CLSK	ARBKF
CIFR		0.81	0.96	0.65	0.63	0.76	0.87	0.58	CIFR
WULF	0.81		0.82	0.89	0.84	0.93	0.89	0.69	WULF
IREN	0.96	0.82		0.66	0.6	0.75	0.89	0.52	IREN
ARBK	0.65	0.89	0.66		0.85	0.94	0.71	0.65	ARBK
SDIG	0.63	0.84	0.6	0.85		0.86	0.66	0.63	SDIG
BITF	0.76	0.93	0.75	0.94	0.86		0.84	0.67	BITF
CLSK	0.87	0.89	0.89	0.71	0.66	0.84		0.57	CLSK
ARBKF	0.58	0.69	0.52	0.65	0.63	0.67	0.57		ARBKF
	CIFR	WULF	IREN	ARBK	SDIG	BITF	CLSK	ARBKF

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Risk-Adjusted Indicators

There is a big difference between Greenidge Stock performing well and Greenidge Generation 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 Greenidge Generation'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CIFR	5.22	(1.02)	(0.44)	9.59	(11.84)	42.74
WULF	5.87	(1.01)	(0.26)	10.95	(12.10)	43.82
IREN	5.12	(0.68)	(0.30)	7.86	(11.97)	32.72
ARBK	4.60	(0.67)	4.90	10.53	(9.09)	34.95
SDIG	3.94	(0.94)	(1.06)	6.99	(7.97)	24.43
BITF	3.90	(0.90)	1.35	6.93	(8.87)	22.16
CLSK	4.47	(0.35)	(0.14)	9.15	(8.05)	24.87
ARBKF	8.77	(0.58)	(1.23)	15.45	(17.54)	41.67

Greenidge Generation Corporate Management

Dale Irwin	President	Profile
Greg Ohanessian	Chief Officer	Profile
Dustin Beaudry	Chief Officer	Profile
CFA CFA	CEO Director	Profile
Robert Loughran	Chief Officer	Profile
Scott MacKenzie	Chief Officer	Profile

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