GREE - SA Quant rating flags four crypto-focused stocks at high risk of underperforming

Seeking Alpha's Quant rating last week flagged crypto-related stocks Bitfarms (NASDAQ:BITF), Silvergate Capital (NYSE:SI), Bit Digital (NASDAQ:BTBT) and Mogo (NASDAQ:MOGO) at high risk of performing badly as the broader digital asset market comes under pressure in the wake of regulatory risks, as well as geopolitical and economic uncertainties. For some context, bitcoin (BTC-USD) is off about 19% year-to-date as war breaks out in Ukraine. Ethereum (ETH-USD) is dropping more than 32% YTD. Since cryptos and risk assets, particularly U.S. equities, share a positive correlation, it's important to note that the S&P 500 (SP500) is also down 11.4% YTD and the tech-heavy Nasdaq (COMP.IND) tumbles nearly 18%. Bitcoin (BTC-USD) -1% last week experienced wild price action again amid a wide string of uncertainties and elevated stock market volatility. Some recent crypto-specific headlines could've pressured digital asset prices; speculators seemed to have mixed views on President Joe Biden's digital asset executive order, which told government agencies to examine the potential risks

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SA Quant rating flags four crypto-focused stocks at high risk of underperforming