Sprott Correlations

SII Stock

USD 118.91 4.97 4.01%

The current 90-days correlation between Sprott Inc and GigCapital7 Corp Class is 0.04 (i.e., Significant diversification). The correlation of Sprott 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.

Sprott Correlation With Market

Poor diversification

The correlation between Sprott Inc and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sprott Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Inc. 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 Sprott Stock

0.8	LBS	Life Banc Split	Pair Corr
0.94	DFN	Dividend 15 Split	Pair Corr
0.82	CSOC-A	Canso Select Opportu	Pair Corr
0.96	DGS	Dividend Growth Split	Pair Corr
0.94	ASA	ASA Gold	Pair Corr
0.61	BTI	Bailador Technology	Pair Corr
0.81	HRZN	Horizon Technology	Pair Corr
0.85	SBC	Brompton Split Banc	Pair Corr
0.85	URB-A	Urbana	Pair Corr
0.84	LCS	Brompton Lifeco Split Split	Pair Corr
0.74	URB	Urbana	Pair Corr
0.64	CGL	CATLIN GROUP	Pair Corr
0.72	BBDC	Barings BDC	Pair Corr
0.83	PWI	Sustainable Power	Pair Corr
0.95	TRIN	Trinity Capital	Pair Corr
0.89	CSWC	Capital Southwest	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr

Moving against Sprott Stock

0.54	NMFC	New Mountain Finance	Pair Corr
0.5	MFIC	MidCap Financial Inv	Pair Corr
0.34	QUE	Queste Communications	Pair Corr
0.71	MSFT	Microsoft	Pair Corr
0.56	MMM	3M Company	Pair Corr
0.43	GBHPF	Global Hemp Group	Pair Corr
0.39	T	ATT Inc Aggressive Push	Pair Corr
0.34	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	SOR	GIG	SAR	PNNT	DHIL	GLAD	SCM
SOR		-0.21	0.82	-0.74	0.43	0.72	0.68	SOR
GIG	-0.21		-0.11	0.42	0.09	-0.43	-0.06	GIG
SAR	0.82	-0.11		-0.56	0.75	0.76	0.86	SAR
PNNT	-0.74	0.42	-0.56		-0.24	-0.68	-0.43	PNNT
DHIL	0.43	0.09	0.75	-0.24		0.38	0.74	DHIL
GLAD	0.72	-0.43	0.76	-0.68	0.38		0.76	GLAD
SCM	0.68	-0.06	0.86	-0.43	0.74	0.76		SCM
	SOR	GIG	SAR	PNNT	DHIL	GLAD	SCM

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

SCM	+ 0.86	SAR
SAR	+ 0.82	SOR
GLAD	+ 0.76	SAR
SCM	+ 0.76	GLAD
DHIL	+ 0.75	SAR
SCM	+ 0.74	DHIL

High negative correlations

PNNT	- 0.74	SOR
GLAD	- 0.68	PNNT
PNNT	- 0.56	SAR
SCM	- 0.43	PNNT
GLAD	- 0.43	GIG
DHIL	- 0.24	PNNT

Risk-Adjusted Indicators

There is a big difference between Sprott Stock performing well and Sprott 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 Sprott'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
SOR	0.80	0.14	0.07	1.26	1.05	(0.78)	1.83	(1.93)	5.72
GIG	0.16	(0.06)	0.00	(0.47)	0.00	0.00	0.19	(0.28)	1.03
SAR	0.77	0.11	0.09	0.26	0.76	(0.89)	1.60	(1.27)	4.29
PNNT	1.12	(0.13)	0.00	(0.27)	0.00	0.00	2.16	(2.42)	7.91
DHIL	1.52	0.61	0.48	(0.76)	0.35	(1.96)	1.64	(1.67)	45.03
GLAD	0.97	0.10	0.06	0.27	1.08	(1.05)	2.10	(1.60)	9.50
SCM	1.04	0.07	0.04	0.15	1.22	(1.16)	2.04	(2.16)	6.84

Sprott Corporate Management

Sharon Ranson	Non-Executive Independent Director	Profile
Edward Coyne	Senior Managing Director	Profile
Steve Yuzpe	Senior Managing Director, CEO of SRHI	Profile
CPA CMA	Managing Treasurer	Profile
PEng PE	Managing Sustainability	Profile
John CFA	Managing Director	Profile

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