Sprott Correlations

SII Stock

USD 44.42 0.41 0.93%

The current 90-days correlation between Sprott Inc and Invesco Quality Municipal is 0.22 (i.e., Modest 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

Modest diversification

The correlation between Sprott Inc and DJI is 0.23 (i.e., Modest 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.

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

0.7	AB	AllianceBernstein	Pair Corr
0.76	AC	Associated Capital	Pair Corr
0.67	BN	Brookfield Corp	Pair Corr
0.72	CG	Carlyle Group	Pair Corr
0.76	DB	Deutsche Bank AG	Pair Corr
0.7	LX	Lexinfintech Holdings	Pair Corr
0.68	QD	Qudian Inc	Pair Corr
0.8	TW	Tradeweb Markets Normal Trading	Pair Corr
0.75	WD	Walker Dunlop	Pair Corr
0.63	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Sprott Stock

0.42	RM	Regional Management Corp	Pair Corr
0.36	XP	Xp Inc	Pair Corr
0.75	BRACU	Broad Capital Acquisition	Pair Corr
0.56	BRKHU	BurTech Acquisition Corp	Pair Corr
0.46	EMCGU	Embrace Change Acqui	Pair Corr
0.41	ECPG	Encore Capital Group	Pair Corr

Related Correlations Analysis

	IQI	OIA	KTF	EVN	MYD	BSIG	MUI	FOCS	CEF	PHYS
IQI		0.75	0.47	0.84	0.84	-0.35	0.37	-0.35	-0.01	0.01	IQI
OIA	0.75		0.7	0.44	0.69	0.05	0.62	0.23	0.48	0.47	OIA
KTF	0.47	0.7		0.22	0.67	0.44	0.51	0.4	0.36	0.34	KTF
EVN	0.84	0.44	0.22		0.79	-0.62	0.08	-0.6	-0.21	-0.21	EVN
MYD	0.84	0.69	0.67	0.79		-0.12	0.28	-0.18	0.08	0.06	MYD
BSIG	-0.35	0.05	0.44	-0.62	-0.12		0.07	0.66	0.37	0.34	BSIG
MUI	0.37	0.62	0.51	0.08	0.28	0.07		0.35	0.43	0.46	MUI
FOCS	-0.35	0.23	0.4	-0.6	-0.18	0.66	0.35		0.71	0.69	FOCS
CEF	-0.01	0.48	0.36	-0.21	0.08	0.37	0.43	0.71		0.98	CEF
PHYS	0.01	0.47	0.34	-0.21	0.06	0.34	0.46	0.69	0.98		PHYS
	IQI	OIA	KTF	EVN	MYD	BSIG	MUI	FOCS	CEF	PHYS

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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

PHYS	+ 0.98	CEF
EVN	+ 0.84	IQI
MYD	+ 0.84	IQI
MYD	+ 0.79	EVN
OIA	+ 0.75	IQI
CEF	+ 0.71	FOCS

High negative correlations

BSIG	- 0.62	EVN
FOCS	- 0.6	EVN
FOCS	- 0.35	IQI
BSIG	- 0.35	IQI
PHYS	- 0.21	EVN
CEF	- 0.21	EVN

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
IQI	0.39	(0.01)	(0.22)	(0.12)	0.53	(0.37)	0.79	(0.70)	2.30
OIA	0.59	0.02	(0.12)	(0.76)	0.70	(0.64)	1.33	(1.32)	3.28
KTF	0.43	0.04	(0.13)	(0.91)	0.49	(0.52)	1.12	(0.61)	3.40
EVN	0.44	(0.04)	0.00	1.62	0.00	0.00	0.84	(1.05)	2.73
MYD	0.49	0.01	(0.17)	0.32	0.55	(0.55)	1.08	(1.06)	2.65
BSIG	1.44	0.22	0.18	0.23	1.30	(1.59)	3.12	(3.01)	9.55
MUI	0.29	0.02	(0.15)	1.74	0.49	(0.32)	0.73	(0.65)	3.31
FOCS	0.09	0.00	(1.15)	0.16	0.07	(0.10)	0.21	(0.17)	0.56
CEF	0.98	0.13	0.01	(11.56)	1.23	(1.00)	2.24	(1.90)	6.53
PHYS	0.72	0.12	(0.01)	(1.30)	0.93	(0.74)	1.31	(1.19)	4.56

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
PEng PE	Managing Devel	Profile
John CFA	Managing Director	Profile
Tim Sorensen	Managing Director, CEO of SCP	Profile

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