Riot Blockchain Correlations
| RIOT Stock | USD 9.74 0.31 3.08% |
The correlation of Riot 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Riot Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Riot Blockchain moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Riot Blockchain and NYA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riot Blockchain and NYA in the same portfolio, assuming nothing else is changed.
Riot |
The ability to find closely correlated positions to Riot Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Riot Blockchain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Riot Blockchain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Riot Blockchain to buy it.
Moving together with Riot Stock
| 0.71 | FUBO | FubotvInc Aggressive Push | PairCorr |
| 0.7 | MFH | Mercurity Fintech Holding | PairCorr |
| 0.87 | MARA | Marathon Digital Holdings | PairCorr |
| 0.88 | SDIG | Stronghold Digital Mining | PairCorr |
| 0.68 | SLNH | Soluna Holdings | PairCorr |
| 0.63 | BTBT | Bit Digital Financial Report 10th of June 2024 | PairCorr |
| 0.72 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.72 | AI | C3 Ai Inc Tech Boost | PairCorr |
Moving against Riot Stock
| 0.59 | GB | Global Blue Group Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Riot Stock performing well and Riot 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 Riot 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HUT | 4.35 | 0.00 | 0.02 | 0.04 | 5.21 | 11.97 | 26.10 | |||
| CLSK | 5.41 | (0.09) | 0.00 | 0.01 | 5.75 | 13.58 | 35.20 | |||
| BTBT | 4.38 | (0.16) | 0.00 | 0.00 | 0.00 | 10.61 | 29.09 | |||
| BITF | 3.87 | (0.50) | 0.00 | (0.16) | 0.00 | 9.09 | 19.77 | |||
| HIVE | 2.83 | (0.73) | 0.00 | (0.22) | 0.00 | 7.38 | 18.73 | |||
| MARA | 4.80 | (0.68) | 0.00 | (0.09) | 0.00 | 11.79 | 30.65 | |||
| WULF | 5.12 | 0.15 | 0.05 | 0.08 | 4.92 | 9.76 | 44.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Riot Blockchain without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Riot Blockchain Corporate Management
Elected by the shareholders, the Riot Blockchain's board of directors comprises two types of representatives: Riot Blockchain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Riot. The board's role is to monitor Riot Blockchain's management team and ensure that shareholders' interests are well served. Riot Blockchain's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Riot Blockchain's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Philip McPherson | VP Relations | Profile | |
| Ashton Harris | Head Operations | Profile | |
| Colin Yee | Chief Officer | Profile | |
| Ryan Werner | Senior Officer | Profile | |
| Lyle Theriot | Head Construction | Profile | |
| Brian Morgenstern | Head Policy | Profile |
Already Invested in Riot Blockchain?
The danger of trading Riot Blockchain is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Riot Blockchain is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Riot Blockchain. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Riot Blockchain is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Riot Blockchain is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Riot Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Riot Blockchain Stock. Highlighted below are key reports to facilitate an investment decision about Riot Blockchain Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riot Blockchain. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Riot Stock please use our How to Invest in Riot Blockchain guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Riot Stock analysis
When running Riot Blockchain's price analysis, check to measure Riot Blockchain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Riot Blockchain is operating at the current time. Most of Riot Blockchain's value examination focuses on studying past and present price action to predict the probability of Riot Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Riot Blockchain's price. Additionally, you may evaluate how the addition of Riot Blockchain to your portfolios can decrease your overall portfolio volatility.
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Is Riot Blockchain's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Riot Blockchain. If investors know Riot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Riot Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 6.364 | Earnings Share 0.42 | Revenue Per Share 1.448 | Quarterly Revenue Growth 0.083 | Return On Assets 0.0042 |
The market value of Riot Blockchain is measured differently than its book value, which is the value of Riot that is recorded on the company's balance sheet. Investors also form their own opinion of Riot Blockchain's value that differs from its market value or its book value, called intrinsic value, which is Riot Blockchain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Riot Blockchain's market value can be influenced by many factors that don't directly affect Riot Blockchain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Riot Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Riot Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Riot Blockchain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.