Correlation
The correlation between ^XCMP and CIFR is 0.40, 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.
^XCMP vs. CIFR
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and Cipher Mining Inc. (CIFR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or CIFR.
Performance
^XCMP vs. CIFR - Performance Comparison
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Key characteristics
^XCMP:
0.49
CIFR:
-0.10
^XCMP:
0.84
CIFR:
0.67
^XCMP:
1.12
CIFR:
1.08
^XCMP:
0.51
CIFR:
-0.16
^XCMP:
1.67
CIFR:
-0.35
^XCMP:
7.38%
CIFR:
39.28%
^XCMP:
25.99%
CIFR:
114.20%
^XCMP:
-35.83%
CIFR:
-97.16%
^XCMP:
-6.84%
CIFR:
-76.10%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly higher than CIFR's -25.22% return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
CIFR
-25.22%
15.67%
-48.82%
-15.16%
21.81%
N/A
N/A
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Risk-Adjusted Performance
^XCMP vs. CIFR — Risk-Adjusted Performance Rank
^XCMP
CIFR
^XCMP vs. CIFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and Cipher Mining Inc. (CIFR). 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.
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Drawdowns
^XCMP vs. CIFR - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for ^XCMP and CIFR.
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Volatility
^XCMP vs. CIFR - Volatility Comparison
The current volatility for NASDAQ Composite Total Return Index (^XCMP) is 5.56%, while Cipher Mining Inc. (CIFR) has a volatility of 29.03%. This indicates that ^XCMP experiences smaller price fluctuations and is considered to be less risky than CIFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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