Gryphon Digital Correlations

GRYP Stock

0.19 0.01 5.00%

The current 90-days correlation between Gryphon Digital Mining and Canaf Investments is -0.05 (i.e., Good diversification). The correlation of Gryphon Digital 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.

Gryphon Digital Correlation With Market

Average diversification

The correlation between Gryphon Digital Mining 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 Gryphon Digital Mining 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 Gryphon Digital 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 manufacturing.

Moving together with Gryphon Stock

0.63	MI	NFT Limited	Pair Corr
0.82	WKEY	Wisekey International	Pair Corr
0.95	ANY	Sphere 3D Corp	Pair Corr
0.81	BAH	Booz Allen Hamilton	Pair Corr
0.61	FRGE	Forge Global Holdings	Pair Corr
0.63	XTIA	XTI Aerospace,	Pair Corr
0.85	GBTG	Global Business Travel	Pair Corr
0.72	MKDW	MKDWELL Tech Ordinary	Pair Corr
0.89	SLNH	Soluna Holdings	Pair Corr
0.77	CLSK	CleanSpark Upward Rally	Pair Corr
0.61	S	SentinelOne	Pair Corr
0.93	DIOD	Diodes Incorporated	Pair Corr
0.86	AI	C3 Ai Inc	Pair Corr
0.66	BL	Blackline	Pair Corr
0.8	KE	Kimball Electronics	Pair Corr
0.91	KN	Knowles Cor	Pair Corr
0.92	NA	Nano Labs	Pair Corr
0.76	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.9	ON	ON Semiconductor	Pair Corr

Moving against Gryphon Stock

0.65	VCSA	Vacasa Inc	Pair Corr
0.47	BB	BlackBerry Earnings Call This Week	Pair Corr
0.67	JG	Aurora Mobile	Pair Corr
0.61	MQ	Marqeta	Pair Corr
0.56	FI	Fiserv,	Pair Corr
0.51	ML	MoneyLion	Pair Corr

Related Correlations Analysis

	TCI	AMP	CAFZF	SXT	IGI	MKTX	RCC	JYNT
TCI		-0.11	-0.43	-0.38	-0.14	0.3	-0.2	-0.28	TCI
AMP	-0.11		0.09	0.22	-0.31	0.13	-0.21	-0.02	AMP
CAFZF	-0.43	0.09		0.21	0.48	-0.67	0.65	0.44	CAFZF
SXT	-0.38	0.22	0.21		0.06	0.21	0.13	0.34	SXT
IGI	-0.14	-0.31	0.48	0.06		-0.69	0.65	0.58	IGI
MKTX	0.3	0.13	-0.67	0.21	-0.69		-0.57	-0.43	MKTX
RCC	-0.2	-0.21	0.65	0.13	0.65	-0.57		0.58	RCC
JYNT	-0.28	-0.02	0.44	0.34	0.58	-0.43	0.58		JYNT
	TCI	AMP	CAFZF	SXT	IGI	MKTX	RCC	JYNT

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

RCC	+ 0.65	CAFZF
RCC	+ 0.65	IGI
JYNT	+ 0.58	IGI
JYNT	+ 0.58	RCC
IGI	+ 0.48	CAFZF
JYNT	+ 0.44	CAFZF

High negative correlations

MKTX	- 0.69	IGI
MKTX	- 0.67	CAFZF
RCC	- 0.57	MKTX
JYNT	- 0.43	MKTX
CAFZF	- 0.43	TCI
SXT	- 0.38	TCI

Risk-Adjusted Indicators

There is a big difference between Gryphon Stock performing well and Gryphon Digital 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 Gryphon Digital'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
TCI	1.70	0.07	0.05	0.86	1.89	(2.16)	4.21	(3.13)	12.24
AMP	1.27	(0.07)	0.00	(0.09)	0.00	0.00	2.19	(3.64)	8.79
CAFZF	0.41	0.07	0.00	(0.38)	0.00	0.00	0.00	0.00	17.42
SXT	1.21	(0.03)	0.00	(0.08)	0.00	0.00	2.33	(2.24)	11.22
IGI	0.32	(0.01)	0.06	0.05	0.44	(0.30)	0.55	(0.67)	1.51
MKTX	1.16	(0.15)	0.00	0.33	0.00	0.00	2.19	(2.35)	10.64
RCC	0.31	0.02	0.10	0.09	0.37	(0.37)	0.62	(0.77)	3.03
JYNT	1.63	0.26	0.16	0.27	1.41	(2.02)	4.55	(2.75)	10.24

Gryphon Digital Corporate Executives

Elected by the shareholders, the Gryphon Digital's board of directors comprises two types of representatives: Gryphon Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gryphon. The board's role is to monitor Gryphon Digital's management team and ensure that shareholders' interests are well served. Gryphon Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gryphon Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Simeon Salzman	CFO Secretary	Profile
	Simeon CPA	CFO Secretary	Profile

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