Marathon Digital Correlations

Stocks . USA . 
Stock . Marathon Digital Holdings
MARA Stock  USD 13.87  0.74  5.07%   
The current 90-days correlation between Marathon Digital Holdings and Hut 8 Corp is 0.78 (i.e., Poor diversification). The correlation of Marathon 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.

Marathon Digital Correlation With Market

Good diversification

The correlation between Marathon Digital Holdings and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marathon Digital Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marathon Digital 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 metropolitan statistical area.

Moving together with Marathon Stock

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Moving against Marathon Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Marathon Stock performing well and Marathon 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 Marathon 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.

Marathon Digital Corporate Management

Narenderkumar MadnaniManaging ExpansionProfile
Adam SwickChief OfficerProfile
Ashu SwamiChief OfficerProfile
Zabi NowaidGeneral SecretaryProfile
Robert SamuelsVice RelationsProfile
William BeamVice ControlProfile
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