SPAR Correlations

SGRP Stock

USD 0.80 0.02 2.56%

The current 90-days correlation between SPAR Group and Globus Maritime is -0.23 (i.e., Very good diversification). The correlation of SPAR 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.

SPAR Correlation With Market

Excellent diversification

The correlation between SPAR Group and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPAR Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPAR Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPAR Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with SPAR Stock

0.65	YOC	YOC AG	Pair Corr
0.64	EDHL	Everbright Digital	Pair Corr
0.65	CHR	Cheer Holding	Pair Corr
0.75	YDKG	Yueda Digital Holding Symbol Change	Pair Corr
0.72	INF	Informa PLC	Pair Corr

Moving against SPAR Stock

0.74	CCO	Clear Channel Outdoor Earnings Call This Week	Pair Corr
0.55	EEX	Emerald Expositions	Pair Corr
0.5	FLNT	Fluent Inc	Pair Corr
0.46	VSME	VS Media Holdings	Pair Corr
0.6	GKO	Geekco Technologies Corp	Pair Corr
0.57	ALMKS	Making Science Group	Pair Corr
0.47	SAA	MC Saatchi	Pair Corr
0.39	ALINV	Invibes Advertising	Pair Corr

Related Correlations Analysis

	GLBS	MSGY	BURU	BTOC	PRZO	GFAI	MSW	PSHG	SIDU	LIQT
GLBS		-0.2	-0.56	-0.49	-0.27	-0.2	-0.45	-0.02	0.3	-0.35	GLBS
MSGY	-0.2		0.55	0.53	0.36	0.41	0.21	0.13	0.22	0.27	MSGY
BURU	-0.56	0.55		0.91	0.43	0.71	0.46	0.5	-0.23	0.5	BURU
BTOC	-0.49	0.53	0.91		0.38	0.79	0.44	0.58	-0.31	0.49	BTOC
PRZO	-0.27	0.36	0.43	0.38		0.56	0.57	0.27	-0.14	0.73	PRZO
GFAI	-0.2	0.41	0.71	0.79	0.56		0.63	0.77	-0.51	0.58	GFAI
MSW	-0.45	0.21	0.46	0.44	0.57	0.63		0.49	-0.65	0.68	MSW
PSHG	-0.02	0.13	0.5	0.58	0.27	0.77	0.49		-0.55	0.33	PSHG
SIDU	0.3	0.22	-0.23	-0.31	-0.14	-0.51	-0.65	-0.55		-0.4	SIDU
LIQT	-0.35	0.27	0.5	0.49	0.73	0.58	0.68	0.33	-0.4		LIQT
	GLBS	MSGY	BURU	BTOC	PRZO	GFAI	MSW	PSHG	SIDU	LIQT

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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

BTOC	+ 0.91	BURU
GFAI	+ 0.79	BTOC
PSHG	+ 0.77	GFAI
LIQT	+ 0.73	PRZO
GFAI	+ 0.71	BURU
LIQT	+ 0.68	MSW

High negative correlations

SIDU	- 0.65	MSW
BURU	- 0.56	GLBS
SIDU	- 0.55	PSHG
SIDU	- 0.51	GFAI
BTOC	- 0.49	GLBS
MSW	- 0.45	GLBS

Risk-Adjusted Indicators

There is a big difference between SPAR Stock performing well and SPAR 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 SPAR'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
GLBS	3.57	1.05	0.20	(2.38)	3.10	(4.73)	12.58	(7.01)	26.30
MSGY	5.86	(0.78)	0.00	(2.35)	0.00	0.00	8.20	(10.29)	99.93
BURU	4.97	(1.26)	0.00	(0.31)	0.00	0.00	8.70	(13.33)	45.00
BTOC	3.38	(0.52)	0.00	(0.30)	0.00	0.00	5.77	(6.82)	30.92
PRZO	5.74	(0.17)	0.00	0.05	6.23	(6.67)	11.76	(10.00)	57.11
GFAI	5.78	(0.03)	0.01	0.09	5.10	(9.71)	15.58	(9.23)	40.07
MSW	6.65	(0.23)	0.00	(7.42)	0.00	0.00	13.27	(14.88)	44.28
PSHG	2.71	(0.04)	(0.01)	0.07	3.65	(2.96)	5.77	(7.29)	16.86
SIDU	11.76	2.60	0.29	0.82	9.05	(15.35)	34.88	(14.96)	125.36
LIQT	3.94	0.01	(0.01)	0.14	4.99	(4.15)	8.11	(7.77)	24.84

SPAR Corporate Management

Joshua Jewett	Chief Officer	Profile
Kyle Watkins	Senior Development	Profile
Husam Mufti	Global Officer	Profile
Kenneth Schroader	Senior Remodel	Profile

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