Mawson Infrastructure Correlations

MIGI Stock

USD 0.55 0.06 9.84%

The current 90-days correlation between Mawson Infrastructure and Stronghold Digital Mining is 0.1 (i.e., Average diversification). The correlation of Mawson Infrastructure 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.

Mawson Infrastructure Correlation With Market

Average diversification

The correlation between Mawson Infrastructure Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mawson Infrastructure Group 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 Mawson Infrastructure Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Mawson Stock

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

Moving against Mawson Stock

0.75	V	Visa Class A Sell-off Trend	Pair Corr
0.62	GDST	Goldenstone Acquisition	Pair Corr
0.56	RENEW	Cartesian Growth	Pair Corr
0.51	MA	Mastercard	Pair Corr
0.47	PT	Pintec Technology	Pair Corr
0.46	WSBF	Waterstone Financial	Pair Corr
0.67	COOP	Mr Cooper Group	Pair Corr
0.66	BK	Bank of New York Sell-off Trend	Pair Corr
0.62	BBDC	Barings BDC	Pair Corr
0.45	L	Loews Corp	Pair Corr
0.42	SNFCA	Security National Earnings Call Tomorrow	Pair Corr
0.37	AB	AllianceBernstein	Pair Corr
0.37	AC	Associated Capital	Pair Corr
0.87	GL	Globe Life	Pair Corr
0.87	LX	Lexinfintech Holdings	Pair Corr
0.85	DB	Deutsche Bank AG	Pair Corr
0.81	LU	Lufax Holding	Pair Corr
0.59	CB	Chubb	Pair Corr
0.48	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	WULF	IREN	SDIG	ARBK	BITF	CIFR	CLSK	GREE	ARBKF
WULF		0.82	0.87	0.91	0.98	0.82	0.85	0.94	0.71	WULF
IREN	0.82		0.63	0.69	0.79	0.96	0.86	0.66	0.52	IREN
SDIG	0.87	0.63		0.85	0.86	0.66	0.74	0.86	0.64	SDIG
ARBK	0.91	0.69	0.85		0.94	0.68	0.74	0.9	0.73	ARBK
BITF	0.98	0.79	0.86	0.94		0.8	0.85	0.95	0.72	BITF
CIFR	0.82	0.96	0.66	0.68	0.8		0.86	0.64	0.58	CIFR
CLSK	0.85	0.86	0.74	0.74	0.85	0.86		0.79	0.56	CLSK
GREE	0.94	0.66	0.86	0.9	0.95	0.64	0.79		0.63	GREE
ARBKF	0.71	0.52	0.64	0.73	0.72	0.58	0.56	0.63		ARBKF
	WULF	IREN	SDIG	ARBK	BITF	CIFR	CLSK	GREE	ARBKF

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Risk-Adjusted Indicators

There is a big difference between Mawson Stock performing well and Mawson Infrastructure 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 Mawson Infrastructure'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
WULF	5.92	(1.09)	(0.28)	10.95	(12.41)	43.82
IREN	5.16	(0.72)	(0.33)	7.86	(11.97)	32.72
SDIG	3.94	(0.94)	56.52	6.99	(7.97)	24.43
ARBK	4.60	(0.67)	(0.36)	10.53	(9.09)	34.95
BITF	3.90	(0.90)	(0.52)	6.93	(8.87)	22.16
CIFR	5.24	(1.05)	(0.46)	9.59	(13.00)	42.74
CLSK	4.49	(0.38)	0.71	9.15	(8.41)	24.87
GREE	3.94	(1.26)	(1.03)	8.48	(8.95)	20.87
ARBKF	8.39	(0.19)	(0.77)	15.45	(17.54)	41.67

Mawson Infrastructure Corporate Management

Tom Hughes	General Counsel	Profile
Vikram Murali	Head Development	Profile
Liam Wilson	Chief Officer	Profile
Geneva Skeen	Head Systems	Profile
James Manning	CEO, Founder	Profile
Nicholas HughesJones	Chief Officer	Profile

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