CIFR vs PWCM: Correlation
Cipher Digital Inc. (CIFR) and PowerCompute, Inc. (PWCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and PWCM?
On 3 years of weekly data the CIFR/PWCM correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.47 over 3. The 5-year figure is 0.42, and annualized covariance runs at 6215.5 %².
Within CIFR's tracked universe of 18 assets, PWCM comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CIFR ahead by 236.0 points (+139.9% versus -96.1%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CIFR vs PWCM: side by side
| CIFR (Cipher Digital Inc.) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | +139.9% | -96.1% |
| 5-year return | +63.3% | -99.8% |
| Volatility (ann.) | 114.3% | 115.8% |
| Beta vs S&P 500 | 2.86 | 2.15 |
| Max drawdown (3Y) | -71.7% | -99.3% |
| Market cap | $7.0B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | PWCM |
|---|---|---|
| 2022 | -87.9% | -88.6% |
| 2023 | +637.5% | +11.8% |
| 2024 | +12.3% | -41.9% |
| 2025 | +218.1% | -79.3% |
| 2026 | +13.6% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and PWCM good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CIFR and PWCM?
As of 2026-08-27, the correlation of weekly returns between CIFR and PWCM is 0.47 over 3 years, 0.55 over 1 year and 0.42 over 5 years.
Is PWCM a good diversifier for CIFR?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cifr-vs-pwcm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cifr-vs-pwcm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIFR correlations · PWCM correlations
