Correlation Between Credit Suisse and Cipher Mining

Can any of the company-specific risk be diversified away by investing in both Credit Suisse and Cipher Mining at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Credit Suisse and Cipher Mining into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Credit Suisse X Links and Cipher Mining, you can compare the effects of market volatilities on Credit Suisse and Cipher Mining and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Credit Suisse with a short position of Cipher Mining. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and Cipher Mining.

Diversification Opportunities for Credit Suisse and Cipher Mining

-0.39

Correlation Coefficient

Credit Suisse  Cipher Mining

Very good diversification

The 3 months correlation between Credit and Cipher is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse X Links and Cipher Mining in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cipher Mining and Credit Suisse is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Credit Suisse X Links are associated (or correlated) with Cipher Mining. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cipher Mining has no effect on the direction of Credit Suisse i.e., Credit Suisse and Cipher Mining go up and down completely randomly.

Pair Corralation between Credit Suisse and Cipher Mining

Given the investment horizon of 90 days Credit Suisse X Links is expected to under-perform the Cipher Mining. But the etf apears to be less risky and, when comparing its historical volatility, Credit Suisse X Links is 5.17 times less risky than Cipher Mining. The etf trades about -0.04 of its potential returns per unit of risk. The Cipher Mining is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  1,965  in Cipher Mining on September 11, 2025 and sell it today you would lose (9.00) from holding Cipher Mining or give up 0.46% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Credit Suisse X Links  vs.  Cipher Mining

Credit Suisse X

Risk-Adjusted Performance

Weakest

Over the last 90 days Credit Suisse X Links has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Credit Suisse is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders.

Cipher Mining

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Cipher Mining are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Even with relatively uncertain technical and fundamental indicators, Cipher Mining reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Credit Suisse and Cipher Mining

The main advantage of trading using opposite Credit Suisse and Cipher Mining positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, Cipher Mining can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cipher Mining will offset losses from the drop in Cipher Mining's long position.

The idea behind Credit Suisse X Links and Cipher Mining pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..