CIFRW vs. APLD
CIFRW (Cipher Mining Inc) and APLD (Applied Digital Corporation) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, CIFRW returned 20.35%/yr vs 54.74%/yr for APLD. At a 0.25 correlation, their price movements are largely independent.
Performance
CIFRW vs. APLD - Performance Comparison
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Returns By Period
CIFRW
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -17.87%
- 1Y
- 789.13%
- 3Y*
- 94.02%
- 5Y*
- 20.35%
- 10Y*
- —
APLD
- 1D
- -6.58%
- 1M
- 25.48%
- YTD
- 82.34%
- 6M
- 52.28%
- 1Y
- 336.20%
- 3Y*
- 69.14%
- 5Y*
- 54.74%
- 10Y*
- 90.24%
CIFRW vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CIFRW Cipher Mining Inc | 0.00% | 202.27% | -21.79% | 2,778.54% | -94.68% | 7.10% | 44.52% |
APLD Applied Digital Corporation | 82.34% | 220.94% | 13.35% | 266.30% | -92.68% | 11,789.90% | 10.12% |
Correlation
The correlation between CIFRW and APLD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020 | 0.25 |
The correlation between CIFRW and APLD shifts across timeframes, from 0.25 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CIFRW:
$1.66B
APLD:
$12.15B
CIFRW:
-$2.33
APLD:
-$0.72
CIFRW:
8.99
APLD:
30.30
CIFRW:
2.32
APLD:
7.71
CIFRW:
$174.98M
APLD:
$390.57M
CIFRW:
-$172.84M
APLD:
$124.93M
CIFRW:
-$169.22M
APLD:
-$154.66M
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Return for Risk
CIFRW vs. APLD — Risk / Return Rank
CIFRW
APLD
CIFRW vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cipher Mining Inc (CIFRW) and Applied Digital Corporation (APLD). 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.
| CIFRW | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.38 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 15.45 | 6.73 | +8.72 |
| Martin ratioReturn relative to average drawdown | 21.95 | 15.32 | +6.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIFRW | APLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.50 | 3.06 | +3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.38 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.05 | +0.16 |
Drawdowns
CIFRW vs. APLD - Drawdown Comparison
The maximum CIFRW drawdown since its inception was -98.68%, roughly equal to the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for CIFRW and APLD.
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Drawdown Indicators
| CIFRW | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.68% | -99.70% | +1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -71.70% | -50.31% | -21.39% |
Max Drawdown (3Y)Largest decline over 3 years | -90.70% | -76.66% | -14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -98.57% | -97.10% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -97.10% | — |
Current DrawdownCurrent decline from peak | -69.86% | -9.95% | -59.91% |
Average DrawdownAverage peak-to-trough decline | -64.72% | -83.28% | +18.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.53% | 22.07% | +25.46% |
Volatility
CIFRW vs. APLD - Volatility Comparison
The current volatility for Cipher Mining Inc (CIFRW) is 0.00%, while Applied Digital Corporation (APLD) has a volatility of 34.53%. This indicates that CIFRW experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIFRW | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 34.53% | -34.53% |
Volatility (6M)Calculated over the trailing 6-month period | 92.75% | 79.55% | +13.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 170.68% | 110.57% | +60.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 180.22% | 145.02% | +35.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 181.39% | 295.29% | -113.90% |
Dividends
CIFRW vs. APLD - Dividend Comparison
Neither CIFRW nor APLD has paid dividends to shareholders.
Financials
CIFRW vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Cipher Mining Inc and Applied Digital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CIFRW and APLD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (34.53%) compared to CIFRW (0.00%). In terms of maximum drawdown, CIFRW dropped -98.68% vs APLD's -99.70%.
CIFRW currently has the higher Sharpe Ratio (6.50 vs 3.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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