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CIFR vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between CIFR and BTC-USD is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

CIFR vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cipher Mining Inc. (CIFR) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
22.01%
57.08%
CIFR
BTC-USD

Key characteristics

Sharpe Ratio

CIFR:

0.24

BTC-USD:

1.56

Sortino Ratio

CIFR:

1.34

BTC-USD:

2.30

Omega Ratio

CIFR:

1.14

BTC-USD:

1.23

Calmar Ratio

CIFR:

0.34

BTC-USD:

1.37

Martin Ratio

CIFR:

0.91

BTC-USD:

7.28

Ulcer Index

CIFR:

31.60%

BTC-USD:

10.81%

Daily Std Dev

CIFR:

121.50%

BTC-USD:

44.36%

Max Drawdown

CIFR:

-97.16%

BTC-USD:

-93.07%

Current Drawdown

CIFR:

-64.12%

BTC-USD:

-10.79%

Returns By Period

In the year-to-date period, CIFR achieves a 26.15% return, which is significantly lower than BTC-USD's 124.03% return.


CIFR

YTD

26.15%

1M

-23.16%

6M

22.01%

1Y

29.28%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

124.03%

1M

-3.16%

6M

57.08%

1Y

120.12%

5Y*

67.07%

10Y*

76.22%

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Risk-Adjusted Performance

CIFR vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Cipher Mining Inc. (CIFR) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for CIFR, currently valued at 0.60, compared to the broader market-4.00-2.000.002.000.601.56
The chart of Sortino ratio for CIFR, currently valued at 1.72, compared to the broader market-4.00-2.000.002.004.001.722.30
The chart of Omega ratio for CIFR, currently valued at 1.19, compared to the broader market0.501.001.502.001.191.23
The chart of Calmar ratio for CIFR, currently valued at 0.36, compared to the broader market0.002.004.006.000.361.37
The chart of Martin ratio for CIFR, currently valued at 2.36, compared to the broader market-5.000.005.0010.0015.0020.0025.002.367.28
CIFR
BTC-USD

The current CIFR Sharpe Ratio is 0.24, which is lower than the BTC-USD Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of CIFR and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.60
1.56
CIFR
BTC-USD

Drawdowns

CIFR vs. BTC-USD - Drawdown Comparison

The maximum CIFR drawdown since its inception was -97.16%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CIFR and BTC-USD. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-64.12%
-10.79%
CIFR
BTC-USD

Volatility

CIFR vs. BTC-USD - Volatility Comparison

Cipher Mining Inc. (CIFR) has a higher volatility of 38.81% compared to Bitcoin (BTC-USD) at 13.51%. This indicates that CIFR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
38.81%
13.51%
CIFR
BTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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