Safe Pro Correlations

SPAI Stock

4.59 0.02 0.44%

The current 90-days correlation between Safe Pro Group and The Hanover Insurance is -0.14 (i.e., Good diversification). The correlation of Safe Pro 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.

Safe Pro Correlation With Market

Good diversification

The correlation between Safe Pro Group and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safe Pro Group 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 Safe Pro 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 nation.

Moving together with Safe Stock

0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.65	EVTL	Vertical Aerospace Trending	Pair Corr
0.72	SPR	Spirit Aerosystems	Pair Corr
0.82	HOVR	New Horizon Aircraft Symbol Change	Pair Corr

Moving against Safe Stock

0.63	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.6	CW	Curtiss Wright	Pair Corr
0.55	EH	Ehang Holdings	Pair Corr
0.52	EVEX	Eve Holding Trending	Pair Corr
0.47	GD	General Dynamics Sell-off Trend	Pair Corr
0.45	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.39	CVU	CPI Aerostructures	Pair Corr
0.39	HWM	Howmet Aerospace	Pair Corr
0.33	ESLT	Elbit Systems	Pair Corr
0.31	DRS	Leonardo DRS, Common	Pair Corr
0.61	TDG	Transdigm Group	Pair Corr
0.51	VVX	V2X Inc	Pair Corr
0.45	LOAR	Loar Holdings Downward Rally	Pair Corr
0.44	KTOS	Kratos Defense Security	Pair Corr
0.42	RTX	Raytheon Technologies Fiscal Year End 28th of January 2025	Pair Corr
0.37	LUNR	Intuitive Machines Aggressive Push	Pair Corr
0.32	RDW	Redwire Corp	Pair Corr
0.31	PKE	Park Electrochemical	Pair Corr

Related Correlations Analysis

	THG	HWKN	SLF	ECVT	EIG	APD	ECL
THG		0.23	0.9	0.69	0.9	0.69	-0.13	THG
HWKN	0.23		0.36	0.09	0.3	0.31	0.35	HWKN
SLF	0.9	0.36		0.64	0.81	0.67	-0.07	SLF
ECVT	0.69	0.09	0.64		0.86	0.28	-0.61	ECVT
EIG	0.9	0.3	0.81	0.86		0.55	-0.35	EIG
APD	0.69	0.31	0.67	0.28	0.55		0.3	APD
ECL	-0.13	0.35	-0.07	-0.61	-0.35	0.3		ECL
	THG	HWKN	SLF	ECVT	EIG	APD	ECL

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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

SLF	+ 0.9	THG
EIG	+ 0.9	THG
EIG	+ 0.86	ECVT
EIG	+ 0.81	SLF
ECVT	+ 0.69	THG
APD	+ 0.69	THG

High negative correlations

ECL	- 0.61	ECVT
ECL	- 0.35	EIG
ECL	- 0.13	THG
ECL	- 0.07	SLF

Risk-Adjusted Indicators

There is a big difference between Safe Stock performing well and Safe Pro 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 Safe Pro'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
THG	0.99	0.18	0.16	0.31	0.79	(1.13)	2.28	(1.52)	5.50
HWKN	1.67	(0.12)	0.00	0.06	2.48	(1.62)	3.27	(3.65)	12.56
SLF	0.63	0.15	0.14	0.37	0.33	(0.78)	1.39	(0.93)	5.10
ECVT	1.83	0.15	0.11	0.22	1.56	(2.26)	4.55	(3.08)	17.08
EIG	1.04	0.06	0.08	0.17	1.02	(1.19)	2.46	(1.95)	11.24
APD	0.91	0.27	0.18	1.17	0.54	(1.01)	1.90	(1.38)	10.91
ECL	0.73	(0.07)	(0.13)	(0.02)	0.95	(0.71)	1.43	(1.11)	4.42

Safe Pro Corporate Executives

Elected by the shareholders, the Safe Pro's board of directors comprises two types of representatives: Safe Pro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Safe. The board's role is to monitor Safe Pro's management team and ensure that shareholders' interests are well served. Safe Pro's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Safe Pro's outside directors are responsible for providing unbiased perspectives on the board's policies.

Theresa Carlise

Treasurer CFO

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