HIVE Blockchain Correlations

Stocks . USA . 
Stock . HIVE Blockchain Technologies
HIVE Stock  USD 2.23  0.01  0.45%   
The current 90-days correlation between HIVE Blockchain Tech and Bitfarms is 0.68 (i.e., Poor diversification). The correlation of HIVE Blockchain is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

HIVE Blockchain Correlation With Market

Very weak diversification

The correlation between HIVE Blockchain Technologies and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HIVE Blockchain Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with HIVE Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIVE Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with HIVE Stock

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Moving against HIVE Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between HIVE Stock performing well and HIVE Blockchain 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 HIVE Blockchain'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.

HIVE Blockchain Corporate Management

Johanna ThornbladCountry SwedenProfile
Darcy DaubarasChief OfficerProfile
William GrayChief OfficerProfile
Mario SergiChief OfficerProfile
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