Spire Correlations

LGR Stock

EUR 75.00 2.50 3.45%

The current 90-days correlation between Spire Inc and Wheaton Precious Metals is 0.14 (i.e., Average diversification). The correlation of Spire 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Spire Correlation With Market

Very good diversification

The correlation between Spire Inc and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spire Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Spire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire 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 Spire - 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 Spire Inc to buy it.

Moving together with Spire Stock

0.62

N9B

BANDAI NAMCO Holdings

Pair Corr

Moving against Spire Stock

0.66	7YC	Synthomer plc	Pair Corr
0.65	D9W	Designer Brands	Pair Corr
0.51	PAE	PACCAR	Pair Corr
0.45	6FO	GOODTECH ASA A	Pair Corr
0.41	KKS	KASPIKZ (SPGDR	Pair Corr
0.39	SII	Wheaton Precious Metals	Pair Corr
0.39	LOR	LOral SA	Pair Corr
0.39	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.38	UTDI	UNITED INTERNET N	Pair Corr
0.36	ADH2	Air Canada	Pair Corr
0.32	ROM	ROHM Co	Pair Corr
0.31	G40	GDS Holdings Limited	Pair Corr
0.65	IRV	Integra Resources Corp	Pair Corr
0.61	ALV	Allianz SE	Pair Corr
0.6	1SZ0	Santacruz Silver Mining Split	Pair Corr
0.56	ADB	Adobe Inc	Pair Corr
0.55	K34	Konecranes Plc	Pair Corr
0.5	1KT	Keysight Technologies	Pair Corr
0.46	E908	Lyxor 1	Pair Corr
0.4	LA3A	Laureate Education Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SII	BNR	PE1	MSI	AJR	3YT	B7S	AACA	LQZ	RNF
SII		0.63	0.84	0.89	0.85	0.37	0.72	0.81	0.82	0.85	SII
BNR	0.63		0.8	0.81	0.52	0.62	0.86	0.86	0.85	0.39	BNR
PE1	0.84	0.8		0.91	0.72	0.47	0.85	0.91	0.93	0.7	PE1
MSI	0.89	0.81	0.91		0.76	0.58	0.89	0.95	0.91	0.7	MSI
AJR	0.85	0.52	0.72	0.76		0.16	0.62	0.7	0.72	0.83	AJR
3YT	0.37	0.62	0.47	0.58	0.16		0.52	0.56	0.46	0.07	3YT
B7S	0.72	0.86	0.85	0.89	0.62	0.52		0.93	0.91	0.56	B7S
AACA	0.81	0.86	0.91	0.95	0.7	0.56	0.93		0.9	0.61	AACA
LQZ	0.82	0.85	0.93	0.91	0.72	0.46	0.91	0.9		0.72	LQZ
RNF	0.85	0.39	0.7	0.7	0.83	0.07	0.56	0.61	0.72		RNF
	SII	BNR	PE1	MSI	AJR	3YT	B7S	AACA	LQZ	RNF

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Risk-Adjusted Indicators

There is a big difference between Spire Stock performing well and Spire 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 Spire'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
SII	2.02	0.57	0.19	1.43	2.25	(2.13)	4.43	(3.88)	15.45
BNR	1.14	0.35	0.19	(1.05)	0.91	(1.53)	3.58	(2.06)	9.43
PE1	3.09	0.51	0.15	0.46	2.79	(4.37)	9.21	(5.50)	24.38
MSI	0.79	0.37	0.18	(2.10)	0.00	(1.75)	2.54	(0.93)	6.46
AJR	27.55	14.12	0.00	(5.75)	0.00	0.00	0.00	0.00	923.26
3YT	1.19	0.23	0.11	(2.12)	0.96	(1.80)	3.70	(2.13)	9.16
B7S	1.99	0.77	0.37	0.82	1.35	(2.66)	5.47	(2.82)	15.49
AACA	1.50	0.42	0.25	0.79	1.20	(1.83)	4.41	(2.33)	8.84
LQZ	2.09	0.58	0.20	6.40	1.89	(2.89)	4.63	(3.06)	15.34
RNF	4.74	0.36	0.05	0.23	5.33	(7.61)	10.55	(9.74)	30.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Spire 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.

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Spire Corporate Management

Elected by the shareholders, the Spire's board of directors comprises two types of representatives: Spire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spire. The board's role is to monitor Spire's management team and ensure that shareholders' interests are well served. Spire'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, Spire's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mark Darrell	VP Officer	Profile
Matthew JD	Senior Officer	Profile
Timothy Krick	Controller Officer	Profile
Stephen Mills	Senior Missouri	Profile
Suzanne Sitherwood	CEO Pres	Profile

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