CleanSpark Correlations

CLSK Stock

USD 9.21 0.60 6.97%

The current 90-days correlation between CleanSpark and Hut 8 Corp is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CleanSpark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanSpark moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CleanSpark Correlation With Market

Very weak diversification

The correlation between CleanSpark and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CleanSpark and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CleanSpark Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.

Moving together with CleanSpark Stock

0.67	MI	NFT Limited	Pair Corr
0.72	WKEY	Wisekey International Upward Rally	Pair Corr
0.85	ANY	Sphere 3D Corp	Pair Corr
0.61	BAH	Booz Allen Hamilton	Pair Corr
0.75	FRGE	Forge Global Holdings	Pair Corr
0.8	GRYP	Gryphon Digital Mining	Pair Corr
0.93	MARA	Marathon Digital Holdings	Pair Corr
0.78	RIOT	Riot Blockchain	Pair Corr
0.75	BL	Blackline	Pair Corr
0.77	KD	Kyndryl Holdings	Pair Corr
0.61	KN	Knowles Cor	Pair Corr

Moving against CleanSpark Stock

0.66	NTRP	NextTrip	Pair Corr
0.45	GBTG	Global Business Travel Earnings Call Tomorrow	Pair Corr
0.44	FUFU	BitFuFu Class A	Pair Corr
0.38	DGNX	Diginex Limited Ordinary	Pair Corr
0.66	FI	Fiserv,	Pair Corr
0.4	DQ	Daqo New Energy	Pair Corr

Related Correlations Analysis

	HUT	HIVE	BTBT	WULF	BITF	MARA	RIOT	CIFR	IREN	SDIG
HUT		0.86	0.53	0.9	0.54	0.84	0.89	0.75	0.91	-0.5	HUT
HIVE	0.86		0.62	0.94	0.86	0.89	0.91	0.96	0.86	-0.18	HIVE
BTBT	0.53	0.62		0.74	0.57	0.4	0.64	0.64	0.77	0.08	BTBT
WULF	0.9	0.94	0.74		0.76	0.78	0.94	0.9	0.95	-0.21	WULF
BITF	0.54	0.86	0.57	0.76		0.71	0.73	0.87	0.63	0.11	BITF
MARA	0.84	0.89	0.4	0.78	0.71		0.82	0.79	0.75	-0.39	MARA
RIOT	0.89	0.91	0.64	0.94	0.73	0.82		0.85	0.88	-0.2	RIOT
CIFR	0.75	0.96	0.64	0.9	0.87	0.79	0.85		0.81	0.01	CIFR
IREN	0.91	0.86	0.77	0.95	0.63	0.75	0.88	0.81		-0.3	IREN
SDIG	-0.5	-0.18	0.08	-0.21	0.11	-0.39	-0.2	0.01	-0.3		SDIG
	HUT	HIVE	BTBT	WULF	BITF	MARA	RIOT	CIFR	IREN	SDIG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CIFR	+ 0.96	HIVE
IREN	+ 0.95	WULF
WULF	+ 0.94	HIVE
RIOT	+ 0.94	WULF
IREN	+ 0.91	HUT
RIOT	+ 0.91	HIVE

High negative correlations

SDIG	- 0.5	HUT
SDIG	- 0.39	MARA
SDIG	- 0.3	IREN
SDIG	- 0.21	WULF
SDIG	- 0.2	RIOT
SDIG	- 0.18	HIVE

Risk-Adjusted Indicators

There is a big difference between CleanSpark Stock performing well and CleanSpark 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 CleanSpark'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
HUT	4.59	0.39	0.06	0.13	4.97	(5.71)	11.74	(8.05)	25.68
HIVE	3.78	0.05	0.00	(0.02)	0.00	0.00	7.83	(7.75)	21.95
BTBT	4.15	0.12	0.03	(1.70)	5.05	(4.55)	7.08	(7.50)	20.79
WULF	5.94	0.23	0.02	0.04	7.19	(6.25)	14.16	(12.41)	27.34
BITF	4.42	(0.09)	0.00	(0.08)	0.00	0.00	8.91	(9.33)	34.41
MARA	4.49	0.42	0.07	0.15	5.30	(5.27)	11.61	(9.58)	27.62
RIOT	4.30	0.18	0.03	0.04	4.61	(5.36)	7.98	(8.32)	21.51
CIFR	5.54	0.11	0.01	0.00	6.93	(5.71)	10.93	(9.76)	31.76
IREN	4.21	0.33	0.05	0.14	5.60	(4.11)	9.03	(9.86)	20.92
SDIG	3.94	(0.95)	0.00	2.60	0.00	0.00	6.99	(7.97)	24.43

CleanSpark Corporate Management

Rachel Silverstein	SVP Counsel	Profile
Bernardo Schucman	VP Division	Profile
Brian Carson	Chief Officer	Profile
Gary CPA	Chief Officer	Profile
Bradley Audiss	Senior Operations	Profile
Scott Garrison	Senior Growth	Profile
Owen Cadwalader	VP Operations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC