Cipher Mining Inc. Common Stock (CIFR) Correlation Distribution
Across 6,804 rolling correlation observations between Cipher Mining Inc. Common Stock (CIFR) and other NASDAQ-listed stocks, 77.3% are positive and 22.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.264, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,804
- Mean correlation
- 0.264
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.3%
- Strong positive (≥0.7)
- 8%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 105 | 1.5% | |
| -0.6 to -0.5 | 104 | 1.5% | |
| -0.5 to -0.4 | 164 | 2.4% | |
| -0.4 to -0.3 | 164 | 2.4% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 424 | 6.2% | |
| 0.0 to 0.1 | 424 | 6.2% | |
| 0.1 to 0.2 | 664 | 9.8% | |
| 0.2 to 0.3 | 663 | 9.7% | |
| 0.3 to 0.4 | 735 | 10.8% | |
| 0.4 to 0.5 | 735 | 10.8% | |
| 0.5 to 0.6 | 747 | 11.0% | |
| 0.6 to 0.7 | 746 | 11.0% | |
| 0.7 to 0.8 | 268 | 3.9% | |
| 0.8 to 0.9 | 268 | 3.9% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of CIFR?
Cipher Mining Inc. Common Stock (CIFR) has an average correlation of about 0.264 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is CIFR positively correlated with other stocks?
Mostly yes — 77.3% of pairs are positive and 22.7% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for CIFR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 40.2% of all pairs.
Explore the full interactive correlation distribution for CIFR.
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