HIVE Blockchain Correlations

Stocks . USA . 
Stock . HIVE Blockchain Technologies
HIVE Stock  USD 1.61  0.07  4.17%   
The current 90-days correlation between HIVE Blockchain Tech and Bitfarms is -0.09 (i.e., Good diversification). The correlation of HIVE Blockchain 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.

HIVE Blockchain Correlation With Market

Very weak diversification

The correlation between HIVE Blockchain Technologies and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HIVE Blockchain Technologies 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 HIVE Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with HIVE Stock

  0.74WD Walker DunlopPairCorr
  0.87ECPG Encore Capital GroupPairCorr
  0.81AXP American ExpressPairCorr
  0.93SYF Synchrony FinancialPairCorr
  0.76ORGN Origin MaterialsPairCorr
  0.92PYPL PayPal HoldingsPairCorr
  0.83SOFI SoFi TechnologiesPairCorr
  0.92BITF BitfarmsPairCorr
  0.81CODI Compass DiversifiedPairCorr
  0.88AX Axos FinancialPairCorr
  0.69BN Brookfield CorpPairCorr
  0.89BX Blackstone GroupPairCorr
  0.68BY Byline BancorpPairCorr
  0.83CG Carlyle GroupPairCorr
  0.92CM Canadian Imperial BankPairCorr

Moving against HIVE Stock

  0.84RENEW Cartesian GrowthPairCorr
  0.51V Visa Class APairCorr
  0.45GDST Goldenstone AcquisitionPairCorr
  0.34WSBF Waterstone FinancialPairCorr
  0.5L Loews CorpPairCorr
  0.48COOP Mr Cooper GroupPairCorr
  0.4AB AllianceBernsteinPairCorr
  0.37BK Bank of New YorkPairCorr
  0.91DB Deutsche Bank AGPairCorr
  0.86CB ChubbPairCorr
  0.86LX Lexinfintech Holdings Buyout TrendPairCorr
  0.84LU Lufax HoldingPairCorr
  0.75GL Globe LifePairCorr
  0.73HG Hamilton Insurance Group,PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between HIVE Stock performing well and HIVE Blockchain 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 HIVE Blockchain'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.

HIVE Blockchain Corporate Management

Johanna ThornbladCountry SwedenProfile
Darcy DaubarasChief OfficerProfile
William GrayChief OfficerProfile
Mario SergiChief OfficerProfile
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