Correlation Between Gex Management and Cipher Mining

Can any of the company-specific risk be diversified away by investing in both Gex Management 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 Gex Management and Cipher Mining into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Gex Management and Cipher Mining, you can compare the effects of market volatilities on Gex Management 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 Gex Management with a short position of Cipher Mining. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gex Management and Cipher Mining.

Diversification Opportunities for Gex Management and Cipher Mining

0.0

Correlation Coefficient

Gex Management  Cipher Mining

Pay attention - limited upside

The 3 months correlation between Gex and Cipher is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Gex Management and Cipher Mining in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cipher Mining and Gex Management 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 Gex Management 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 Gex Management i.e., Gex Management and Cipher Mining go up and down completely randomly.

Pair Corralation between Gex Management and Cipher Mining

If you would invest  922.00  in Cipher Mining on September 9, 2025 and sell it today you would earn a total of  1,006  from holding Cipher Mining or generate 109.11% return on investment over 90 days.

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

Gex Management  vs.  Cipher Mining

Gex Management

Risk-Adjusted Performance

Weakest

Over the last 90 days Gex Management has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Gex Management is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Cipher Mining

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Cipher Mining are ranked lower than 14 (%) 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 Gex Management and Cipher Mining

The main advantage of trading using opposite Gex Management and Cipher Mining positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gex Management 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 Gex Management 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.

Check out your portfolio center.

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 Money Managers module to screen money managers from public funds and ETFs managed around the world.