SpringBig Holdings Correlations

Summary

SBIGDelisted Stock

USD 0.34 0.03 8.11%

The current 90-days correlation between SpringBig Holdings and Sonic Foundry is 0.11 (i.e., Average diversification). The correlation of SpringBig Holdings 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.

SpringBig Holdings Correlation With Market

Good diversification

The correlation between SpringBig Holdings and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SpringBig Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 together with SpringBig Stock

0.77

VERB

VERB TECHNOLOGY PANY Trending

Pair Corr

Moving against SpringBig Stock

0.82	DUOL	Duolingo	Pair Corr
0.7	BL	Blackline	Pair Corr
0.66	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.65	QH	Quhuo	Pair Corr
0.63	U	Unity Software Aggressive Push	Pair Corr
0.63	DT	Dynatrace Holdings LLC	Pair Corr
0.63	DOCU	DocuSign	Pair Corr
0.61	VERX	Vertex	Pair Corr
0.61	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.6	DUOT	Duos Technologies Upward Rally	Pair Corr
0.52	WK	Workiva	Pair Corr
0.5	AI	C3 Ai Inc Earnings Call Next Week	Pair Corr
0.44	ZM	Zoom Video Communications	Pair Corr
0.37	ML	MoneyLion	Pair Corr
0.35	DJCO	Daily Journal Corp	Pair Corr
0.32	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.31	VMEO	Vimeo Inc	Pair Corr
0.77	API	Agora Inc	Pair Corr
0.75	ENFN	Enfusion	Pair Corr
0.68	FICO	Fair Isaac	Pair Corr
0.53	EGHT	8x8 Common Stock Tech Boost	Pair Corr
0.43	DIDIY	Didi Global ADR	Pair Corr
0.42	ANY	Sphere 3D Corp	Pair Corr

Related Correlations Analysis

	SOFO	CUEN	OLB	FDBL	FMEGF	LSPKF	LVWD	CREX	MFON
SOFO		-0.36	0.08	0.71	-0.17	0.18	-0.2	0.17	-0.38	SOFO
CUEN	-0.36		0.18	-0.06	0.4	-0.43	0.11	0.22	-0.08	CUEN
OLB	0.08	0.18		0.04	0.44	-0.27	-0.05	0.6	-0.18	OLB
FDBL	0.71	-0.06	0.04		-0.17	-0.08	-0.09	0.2	-0.19	FDBL
FMEGF	-0.17	0.4	0.44	-0.17		-0.12	-0.03	0.05	-0.33	FMEGF
LSPKF	0.18	-0.43	-0.27	-0.08	-0.12		-0.31	-0.17	-0.11	LSPKF
LVWD	-0.2	0.11	-0.05	-0.09	-0.03	-0.31		-0.38	0.12	LVWD
CREX	0.17	0.22	0.6	0.2	0.05	-0.17	-0.38		-0.06	CREX
MFON	-0.38	-0.08	-0.18	-0.19	-0.33	-0.11	0.12	-0.06		MFON
	SOFO	CUEN	OLB	FDBL	FMEGF	LSPKF	LVWD	CREX	MFON

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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

FDBL	+ 0.71	SOFO
CREX	+ 0.6	OLB
FMEGF	+ 0.44	OLB
FMEGF	+ 0.4	CUEN
CREX	+ 0.22	CUEN
CREX	+ 0.2	FDBL

High negative correlations

LSPKF	- 0.43	CUEN
CREX	- 0.38	LVWD
MFON	- 0.38	SOFO
CUEN	- 0.36	SOFO
MFON	- 0.33	FMEGF
LVWD	- 0.31	LSPKF

Risk-Adjusted Indicators

There is a big difference between SpringBig Stock performing well and SpringBig Holdings 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 SpringBig Holdings' 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
SOFO	3.24	0.09	0.00	0.46	3.51	(5.48)	7.41	(7.45)	35.29
CUEN	4.18	0.22	0.04	0.31	5.67	(4.66)	10.49	(7.63)	52.26
OLB	5.91	(0.39)	0.00	(0.13)	0.00	0.00	14.45	(12.03)	43.35
FDBL	3.01	0.59	0.00	0.57	0.00	0.00	0.00	0.00	150.00
FMEGF	1.07	0.10	0.00	0.26	0.00	0.00	6.25	0.00	38.91
LSPKF	0.98	(0.17)	0.00	0.29	0.00	0.00	0.00	0.00	46.79
LVWD	4.86	1.49	0.10	(2.28)	4.37	(20.26)	13.33	(10.53)	85.33
CREX	2.55	(0.37)	0.00	(0.14)	0.00	0.00	6.09	(5.19)	22.99
MFON	9.04	1.35	0.06	1.18	11.11	(28.64)	20.00	(16.67)	195.83

View SpringBig Holdings Related Equities

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Risk & Return

Correlation

SpringBig Holdings Corporate Management

Jeffrey Harris	CEO CoFounder	Profile
Andrew Wei	Cofounder Engineering	Profile
Nat Shaul	CoFounder Marketing	Profile
Paul Sykes	Chief Officer	Profile
Navin Anand	Chief Officer	Profile
Sam Harris	CoFounder CPO	Profile
Mark Horbal	CoFounder Communications	Profile

Still Interested in SpringBig Holdings?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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