Is Mara stock correlated with the price of Bitcoin (BTC-USD)?

In recent financial market analyses, there has been a growing interest in understanding the potential correlations between traditional stocks and the volatile world of cryptocurrencies. One such question that has arisen is whether Mara stock, a publicly traded company with a significant focus on blockchain technology, is correlated with the price of Bitcoin (BTC-USD). As a financial expert, I must delve into the complexities of market behavior and assess if there is a statistical link between these two entities. Mara's involvement in the crypto sphere begs the question: Are its stock prices influenced by the fluctuations of Bitcoin, or are they independent market forces? The answer to this question could provide valuable insights for investors seeking to diversify their portfolios in today's rapidly evolving financial landscape.