Spectral Correlations

MDAIW Stock

0.45 0.01 2.17%

The current 90-days correlation between Spectral AI and Caseys General Stores is -0.07 (i.e., Good diversification). The correlation of Spectral 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Spectral Correlation With Market

Weak diversification

The correlation between Spectral AI and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectral AI and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Spectral Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Spectral AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Spectral Stock

0.34	DYNT	Dynatronics	Pair Corr
0.31	FIE1	FIELMANN AG ON	Pair Corr
0.52	ABT	Abbott Laboratories	Pair Corr
0.41	EMBC	Embecta Corp	Pair Corr
0.4	ENOV	Enovis Corp Earnings Call This Week	Pair Corr
0.39	MM3	Merit Medical Systems Earnings Call This Week	Pair Corr
0.38	FEMY	Femasys	Pair Corr
0.35	EUDA	EUDA Health Holdings	Pair Corr
0.33	IUI1	Intuitive Surgical	Pair Corr

Related Correlations Analysis

	ANSCU	NOA	ZZHGY	ASAGF	CMGHF	CEOA	VICT	CASY
ANSCU		0.75	0.0	-0.04	-0.17	0.0	0.0	0.84	ANSCU
NOA	0.75		0.0	-0.05	-0.23	0.0	0.0	0.9	NOA
ZZHGY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ZZHGY
ASAGF	-0.04	-0.05	0.0		0.18	0.0	0.0	-0.04	ASAGF
CMGHF	-0.17	-0.23	0.0	0.18		0.0	0.0	-0.13	CMGHF
CEOA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CEOA
VICT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	VICT
CASY	0.84	0.9	0.0	-0.04	-0.13	0.0	0.0		CASY
	ANSCU	NOA	ZZHGY	ASAGF	CMGHF	CEOA	VICT	CASY

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

CASY	+ 0.9	NOA
CASY	+ 0.84	ANSCU
NOA	+ 0.75	ANSCU
CMGHF	+ 0.18	ASAGF
ZZHGY	+ 0.0	ANSCU
CEOA	+ 0.0	ANSCU

High negative correlations

CMGHF	- 0.23	NOA
CMGHF	- 0.17	ANSCU
CASY	- 0.13	CMGHF
ASAGF	- 0.05	NOA
CASY	- 0.04	ASAGF
ASAGF	- 0.04	ANSCU

Risk-Adjusted Indicators

There is a big difference between Spectral Stock performing well and Spectral 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 Spectral'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
ANSCU	0.13	0.04	0.00	(0.10)	0.00	0.00	0.09	0.00	5.76
NOA	1.49	0.22	0.11	0.38	1.61	(1.68)	2.46	(2.77)	9.93
ZZHGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASAGF	1.27	0.10	0.00	(0.32)	1.65	(3.31)	4.30	(4.04)	13.67
CMGHF	0.31	(0.01)	0.00	0.03	0.00	0.00	0.00	0.00	19.72
CEOA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VICT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CASY	1.20	0.32	0.18	2.73	1.25	(1.46)	2.70	(2.03)	9.89

Spectral Corporate Management

Stan Micek	Interim Officer	Profile
Jeffrey Thatcher	Chief Scientist	Profile
Vincent Capone	General Secretary	Profile
Christine Marks	Vice Commercialization	Profile
Louis Percoco	General Manager	Profile

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