Stronghold Digital Correlations
| SDIGDelisted Stock | USD 2.81 0.05 1.81% |
The current 90-days correlation between Stronghold Digital Mining and Terawulf is -0.03 (i.e., Good diversification). The correlation of Stronghold 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.
Stronghold |
Moving together with Stronghold Stock
| 0.67 | WAI | Top KingWin Symbol Change | PairCorr |
| 0.83 | CLSKW | CleanSpark, Warrant | PairCorr |
| 0.74 | CNCKW | Coincheck Group NV | PairCorr |
| 0.72 | CNCK | Coincheck Group NV | PairCorr |
| 0.65 | DHIL | Diamond Hill Investment | PairCorr |
| 0.79 | AX | Axos Financial | PairCorr |
| 0.73 | BX | Blackstone Group | PairCorr |
Moving against Stronghold Stock
| 0.9 | RJF-PB | Raymond James Financial | PairCorr |
| 0.86 | MS-PE | Morgan Stanley | PairCorr |
| 0.81 | SCHW-PD | Charles Schwab | PairCorr |
| 0.81 | MS-PF | Morgan Stanley | PairCorr |
| 0.79 | MS-PI | Morgan Stanley | PairCorr |
| 0.57 | SF-PB | Stifel Financial Corp | PairCorr |
| 0.53 | MS-PO | Morgan Stanley | PairCorr |
| 0.47 | MS-PK | Morgan Stanley | PairCorr |
| 0.38 | SF-PD | Stifel Financial Corp | PairCorr |
| 0.34 | MS-PP | Morgan Stanley | PairCorr |
| 0.65 | GS-PA | Goldman Sachs | PairCorr |
| 0.62 | MER-PK | Merrill Lynch Capital | PairCorr |
| 0.58 | V | Visa Class A | PairCorr |
| 0.55 | BK | Bank of New York | PairCorr |
| 0.45 | GS-PD | Goldman Sachs | PairCorr |
| 0.43 | L | Loews Corp | PairCorr |
| 0.41 | GS-PC | Goldman Sachs | PairCorr |
| 0.4 | AB | AllianceBernstein | PairCorr |
Related Correlations Analysis
| 0.82 | 0.91 | 0.98 | 0.82 | 0.85 | 0.71 | WULF | ||
| 0.82 | 0.69 | 0.79 | 0.96 | 0.86 | 0.52 | IREN | ||
| 0.91 | 0.69 | 0.94 | 0.68 | 0.74 | 0.73 | ARBK | ||
| 0.98 | 0.79 | 0.94 | 0.8 | 0.85 | 0.72 | BITF | ||
| 0.82 | 0.96 | 0.68 | 0.8 | 0.86 | 0.58 | CIFR | ||
| 0.85 | 0.86 | 0.74 | 0.85 | 0.86 | 0.56 | CLSK | ||
| 0.71 | 0.52 | 0.73 | 0.72 | 0.58 | 0.56 | ARBKF | ||
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Risk-Adjusted Indicators
There is a big difference between Stronghold Stock performing well and Stronghold 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 Stronghold 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WULF | 5.92 | (1.09) | 0.00 | (0.28) | 0.00 | 10.95 | 43.82 | |||
| IREN | 5.16 | (0.72) | 0.00 | (0.33) | 0.00 | 7.86 | 32.72 | |||
| ARBK | 4.60 | (0.67) | 0.00 | (0.36) | 0.00 | 10.53 | 34.95 | |||
| BITF | 3.90 | (0.90) | 0.00 | (0.52) | 0.00 | 6.93 | 22.16 | |||
| CIFR | 5.24 | (1.05) | 0.00 | (0.46) | 0.00 | 9.59 | 42.74 | |||
| CLSK | 4.49 | (0.38) | 0.00 | 0.71 | 0.00 | 9.15 | 24.87 | |||
| ARBKF | 8.39 | (0.19) | 0.00 | (0.77) | 0.00 | 15.45 | 41.67 |
Stronghold Digital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stronghold Digital stock to make a market-neutral strategy. Peer analysis of Stronghold Digital could also be used in its relative valuation, which is a method of valuing Stronghold Digital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Stronghold Digital Corporate Management
| Robert Lovett | Vice Compliance | Profile | |
| Matthew Smith | CFO Director | Profile | |
| Richard Shaffer | Senior Management | Profile | |
| Ryan Weber | Chief Officer | Profile | |
| Charles Talcott | Director Operations | Profile |
Still Interested in Stronghold Digital Mining?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.