CleanSpark Correlations

CLSK Stock

USD 12.57 0.38 3.12%

The current 90-days correlation between CleanSpark and Bitfarms is 0.74 (i.e., 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 0.45 (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

0.78	ENLV	Enlivex Therapeutics	Pair Corr
0.63	WKEY	Wisekey International	Pair Corr
0.78	FRGE	Forge Global Holdings	Pair Corr
0.8	U	Unity Software Upward Rally	Pair Corr
0.89	DIOD	Diodes Incorporated	Pair Corr
0.76	AI	C3 Ai Inc	Pair Corr
0.69	BB	BlackBerry	Pair Corr
0.69	BL	Blackline	Pair Corr
0.67	DT	Dynatrace Holdings LLC	Pair Corr
0.81	DV	DoubleVerify Holdings	Pair Corr
0.85	FN	Fabrinet	Pair Corr
0.75	JG	Aurora Mobile	Pair Corr
0.77	KD	Kyndryl Holdings	Pair Corr
0.77	KE	Kimball Electronics	Pair Corr
0.8	MQ	Marqeta	Pair Corr
0.79	MU	Micron Technology	Pair Corr
0.78	MX	MagnaChip Semiconductor	Pair Corr
0.86	ON	ON Semiconductor	Pair Corr
0.74	VS	Versus Systems	Pair Corr
0.71	ZS	Zscaler	Pair Corr
0.69	DOMO	Domo Inc	Pair Corr
0.74	VECO	Veeco Instruments	Pair Corr

Moving against CleanSpark Stock

0.53	MKDW	MKDWELL Tech Ordinary	Pair Corr
0.53	FI	Fiserv, Earnings Call This Week	Pair Corr
0.32	IT	Gartner	Pair Corr
0.67	VERI	Veritone Buyout Trend	Pair Corr
0.54	VERX	Vertex	Pair Corr

Related Correlations Analysis

	BITF	HUT	RIOT	MARA	WULF	BTBT	NNDM	CAN
BITF		0.21	0.14	0.51	0.25	0.33	0.68	0.56	BITF
HUT	0.21		0.98	0.91	0.98	0.88	0.1	0.04	HUT
RIOT	0.14	0.98		0.89	0.96	0.84	0.1	0.01	RIOT
MARA	0.51	0.91	0.89		0.9	0.86	0.31	0.31	MARA
WULF	0.25	0.98	0.96	0.9		0.86	0.17	-0.01	WULF
BTBT	0.33	0.88	0.84	0.86	0.86		0.1	0.12	BTBT
NNDM	0.68	0.1	0.1	0.31	0.17	0.1		0.24	NNDM
CAN	0.56	0.04	0.01	0.31	-0.01	0.12	0.24		CAN
	BITF	HUT	RIOT	MARA	WULF	BTBT	NNDM	CAN

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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

RIOT	+ 0.98	HUT
WULF	+ 0.98	HUT
WULF	+ 0.96	RIOT
MARA	+ 0.91	HUT
WULF	+ 0.9	MARA
MARA	+ 0.89	RIOT

High negative correlations

CAN

- 0.01

WULF

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
BITF	3.46	0.17	0.06	0.21	3.88	(4.20)	7.48	(6.25)	21.66
HUT	4.19	0.60	0.22	0.33	3.46	(5.68)	11.74	(6.83)	21.75
RIOT	3.79	0.53	0.20	0.31	3.29	(4.71)	8.09	(5.84)	21.51
MARA	3.50	0.47	0.15	0.32	3.44	(3.91)	10.29	(5.88)	24.01
WULF	5.57	0.76	0.20	0.32	4.86	(6.67)	15.53	(8.78)	27.45
BTBT	4.46	0.80	0.17	0.61	4.37	(5.74)	11.79	(7.25)	30.85
NNDM	1.99	0.02	0.02	0.13	2.29	(2.51)	4.73	(4.29)	14.14
CAN	5.55	0.11	0.06	0.15	5.60	(7.05)	10.67	(10.26)	25.91

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

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