Cipher Digital Inc. Common Stock (CIFR) — Stock Correlations & Overview
Over the past year, CIFR has moved most closely with WGMI, MNRS, NODE. Explore the stocks most correlated and inversely correlated with CIFR below, along with its price, financials, and company profile.
Stocks correlated with CIFR
Correlation of daily returns. Higher positive values move with CIFR; negative values move opposite it. Informational only, not investment advice.
Most correlated with CIFR
| Symbol | Company | Correlation |
|---|---|---|
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.92 |
| MNRS | Grayscale Bitcoin Miners ETF | 0.87 |
| NODE | VanEck Onchain Economy ETF | 0.85 |
| BKCH | Global X Blockchain ETF | 0.84 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.83 |
Most inversely correlated with CIFR
| Symbol | Company | Correlation |
|---|---|---|
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.59 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.54 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.54 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.53 |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.53 |
Frequently asked questions about CIFR correlations
- Which stocks are most correlated with CIFR?
- Based on one year of daily returns, the stocks most correlated with Cipher Digital Inc. Common Stock (CIFR) are WGMI (0.92), MNRS (0.87) and NODE (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CIFR?
- Over the past year, the stocks most inversely correlated with Cipher Digital Inc. Common Stock (CIFR) are TSXD (-0.59), BTAL (-0.54) and TSMZ (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CIFR correlations calculated?
- We compute the correlation of daily returns between CIFR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.