SPAR Correlations

SGRP Stock

USD 0.80 0.00 0.000001%

The current 90-days correlation between SPAR Group and Globus Maritime is -0.32 (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 -0.57 (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 inflation.

Moving together with SPAR Stock

0.82	XHLD	TEN Holdings Common	Pair Corr
0.7	MIRI	Mirriad Advertising PLC	Pair Corr
0.87	IBTA	Ibotta	Pair Corr
0.82	MNTN	MNTN Inc Earnings Call This Week	Pair Corr
0.74	NEXN	Nexxen International	Pair Corr
0.74	ALBLD	Bilendi	Pair Corr

Moving against SPAR Stock

0.87	DKUPL	Dekuple	Pair Corr
0.8	CCO	Clear Channel Outdoor	Pair Corr
0.58	OMC	Omnicom Group Earnings Call This Week	Pair Corr
0.5	WPP	WPP PLC ADR	Pair Corr
0.49	FLNT	Fluent Inc	Pair Corr
0.42	HHS	Harte Hanks	Pair Corr
0.39	EEX	Emerald Expositions	Pair Corr
0.35	ALFUM	Fill Up Media	Pair Corr
0.64	ALBIZ	Obiz Concept SAS	Pair Corr
0.63	ALISP	ISPD Network SA	Pair Corr
0.45	DEC	JC Decaux SA	Pair Corr
0.45	SRAX	SRAX Inc	Pair Corr
0.42	ALKLA	Klarsen SA	Pair Corr

Related Correlations Analysis

	GLBS	MSGY	BURU	BTOC	PRZO	GFAI	MSW	PSHG	SIDU	LIQT
GLBS		0.53	-0.64	0.04	-0.38	-0.46	-0.77	0.3	0.58	-0.71	GLBS
MSGY	0.53		-0.47	-0.06	-0.04	-0.35	-0.47	-0.01	0.43	-0.42	MSGY
BURU	-0.64	-0.47		0.38	0.42	0.83	0.88	-0.05	-0.53	0.86	BURU
BTOC	0.04	-0.06	0.38		0.2	0.72	0.32	0.56	-0.5	0.27	BTOC
PRZO	-0.38	-0.04	0.42	0.2		0.43	0.46	0.0	-0.26	0.55	PRZO
GFAI	-0.46	-0.35	0.83	0.72	0.43		0.79	0.38	-0.73	0.73	GFAI
MSW	-0.77	-0.47	0.88	0.32	0.46	0.79		-0.03	-0.69	0.91	MSW
PSHG	0.3	-0.01	-0.05	0.56	0.0	0.38	-0.03		-0.43	-0.14	PSHG
SIDU	0.58	0.43	-0.53	-0.5	-0.26	-0.73	-0.69	-0.43		-0.55	SIDU
LIQT	-0.71	-0.42	0.86	0.27	0.55	0.73	0.91	-0.14	-0.55		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

LIQT	+ 0.91	MSW
MSW	+ 0.88	BURU
LIQT	+ 0.86	BURU
GFAI	+ 0.83	BURU
MSW	+ 0.79	GFAI
LIQT	+ 0.73	GFAI

High negative correlations

MSW	- 0.77	GLBS
SIDU	- 0.73	GFAI
LIQT	- 0.71	GLBS
SIDU	- 0.69	MSW
BURU	- 0.64	GLBS
LIQT	- 0.55	SIDU

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	3.09	0.57	0.12	4.86	3.14	(4.67)	12.58	(7.01)	26.30
MSGY	7.29	0.73	0.03	(1.28)	17.50	(7.39)	24.82	(18.49)	120.94
BURU	4.96	(0.90)	0.00	(0.28)	0.00	0.00	8.70	(10.00)	39.29
BTOC	3.24	(0.45)	0.00	(0.21)	0.00	0.00	5.77	(7.41)	20.70
PRZO	5.73	(0.11)	0.00	(0.02)	0.00	0.00	11.20	(9.60)	53.90
GFAI	4.37	(1.12)	0.00	(0.30)	0.00	0.00	10.94	(10.39)	25.97
MSW	6.46	(0.74)	0.00	(0.44)	0.00	0.00	13.00	(14.88)	31.70
PSHG	2.34	0.04	0.00	0.21	3.17	(2.63)	4.98	(4.25)	16.86
SIDU	11.86	2.49	0.27	0.80	8.71	(16.97)	34.88	(14.96)	125.36
LIQT	3.97	(0.46)	0.00	(1.05)	0.00	0.00	8.11	(8.87)	21.94

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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