Cipher Mining Inc. Warrant (CIFRW) Correlation Distribution
Across 6,784 rolling correlation observations between Cipher Mining Inc. Warrant (CIFRW) and other NASDAQ-listed stocks, 76.5% are positive and 23.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,784
- Mean correlation
- 0.242
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.5%
- Strong positive (≥0.7)
- 6.1%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 102 | 1.5% | |
| -0.6 to -0.5 | 102 | 1.5% | |
| -0.5 to -0.4 | 173 | 2.6% | |
| -0.4 to -0.3 | 172 | 2.5% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 449 | 6.6% | |
| 0.0 to 0.1 | 448 | 6.6% | |
| 0.1 to 0.2 | 682 | 10.1% | |
| 0.2 to 0.3 | 681 | 10.0% | |
| 0.3 to 0.4 | 891 | 13.1% | |
| 0.4 to 0.5 | 890 | 13.1% | |
| 0.5 to 0.6 | 591 | 8.7% | |
| 0.6 to 0.7 | 591 | 8.7% | |
| 0.7 to 0.8 | 202 | 3.0% | |
| 0.8 to 0.9 | 202 | 3.0% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of CIFRW?
Cipher Mining Inc. Warrant (CIFRW) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,784 pairwise observations.
Is CIFRW positively correlated with other stocks?
Mostly yes — 76.5% of pairs are positive and 23.5% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for CIFRW?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 42% of all pairs.
Explore the full interactive correlation distribution for CIFRW.
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