Sobr Safe Correlations

SOBR Stock

USD 1.01 0.05 5.21%

The correlation of Sobr Safe 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.

Sobr Safe Correlation With Market

Modest diversification

The correlation between Sobr Safe and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sobr Safe 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 Sobr Safe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.

Moving together with Sobr Stock

0.74	ESE	ESCO Technologies Earnings Call This Week	Pair Corr
0.78	KNW	Know Labs	Pair Corr
0.62	VNT	Vontier Corp	Pair Corr
0.86	GNSS	Genasys	Pair Corr
0.91	ITRI	Itron Inc	Pair Corr
0.67	NOVT	Novanta	Pair Corr
0.74	SOTK	Sono Tek Corp	Pair Corr
0.68	SVRE	SaverOne 2014	Pair Corr

Moving against Sobr Stock

0.77	MIND	Mind Technology Tech Boost	Pair Corr
0.68	ELSE	Electro Sensors	Pair Corr
0.62	FCUV	Focus Universal	Pair Corr
0.6	MVIS	Microvision	Pair Corr
0.59	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.57	WRAP	Wrap Technologies	Pair Corr
0.54	BKSY	Blacksky Technology Tech Boost	Pair Corr
0.46	SVREW	SaverOne 2014	Pair Corr
0.73	BB	BlackBerry Aggressive Push	Pair Corr
0.7	VS	Versus Systems	Pair Corr
0.49	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.31	QH	Quhuo	Pair Corr

Related Correlations Analysis

	MIND	SVREW	MINDP	AWIN	AWINW	BNSO	CPTN	SVRE	QNGYQ	FTV
MIND		0.47	0.0	0.0	0.0	0.0	-0.03	-0.38	0.0	0.05	MIND
SVREW	0.47		0.0	0.0	0.0	0.0	0.62	-0.38	0.0	0.36	SVREW
MINDP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MINDP
AWIN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AWIN
AWINW	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AWINW
BNSO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BNSO
CPTN	-0.03	0.62	0.0	0.0	0.0	0.0		0.21	0.0	-0.17	CPTN
SVRE	-0.38	-0.38	0.0	0.0	0.0	0.0	0.21		0.0	-0.61	SVRE
QNGYQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	QNGYQ
FTV	0.05	0.36	0.0	0.0	0.0	0.0	-0.17	-0.61	0.0		FTV
	MIND	SVREW	MINDP	AWIN	AWINW	BNSO	CPTN	SVRE	QNGYQ	FTV

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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

CPTN	+ 0.62	SVREW
SVREW	+ 0.47	MIND
FTV	+ 0.36	SVREW
SVRE	+ 0.21	CPTN
FTV	+ 0.05	MIND
MINDP	+ 0.0	MIND

High negative correlations

FTV	- 0.61	SVRE
SVRE	- 0.38	SVREW
SVRE	- 0.38	MIND
FTV	- 0.17	CPTN
CPTN	- 0.03	MIND
FTV	- 0.0	QNGYQ

Risk-Adjusted Indicators

There is a big difference between Sobr Stock performing well and Sobr Safe 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 Sobr Safe'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
MIND	3.88	1.74	0.49	(1.71)	2.36	(5.67)	12.43	(3.63)	53.88
SVREW	24.01	6.05	0.21	(1.62)	20.45	(35.47)	91.30	(34.34)	143.18
MINDP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AWIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AWINW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNSO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPTN	0.45	0.05	(0.03)	0.40	0.44	(0.71)	1.25	(0.64)	3.40
SVRE	5.27	(1.27)	0.00	(0.55)	0.00	0.00	5.95	(7.87)	96.43
QNGYQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTV	0.88	0.15	0.13	0.27	0.74	(1.01)	1.91	(1.46)	6.80

Sobr Safe Corporate Management

Gerard Wenzel	Chief Officer	Profile
Christopher Whitaker	Chief Officer	Profile
Michael Watson	Chief Marketing	Profile
Scott Bennett	Executive Operations	Profile

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