Safe Pro Correlations
| SPAI Stock | 4.81 0.09 1.91% |
The current 90-days correlation between Safe Pro Group and Coda Octopus Group is 0.15 (i.e., Average 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
Modest diversification
The correlation between Safe Pro Group and DJI is 0.26 (i.e., Modest 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.
Moving together with Safe Stock
| 0.68 | EME | EMCOR Group | PairCorr |
| 0.68 | FLR | Fluor | PairCorr |
| 0.61 | WSC | Willscot Mobile Mini Sell-off Trend | PairCorr |
Moving against Safe Stock
Related Correlations Analysis
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EVLV | 2.59 | (0.40) | 0.00 | (0.42) | 0.00 | 4.95 | 15.16 | |||
| CODA | 2.68 | 0.07 | 0.02 | 0.11 | 3.07 | 5.36 | 24.05 | |||
| HOVR | 5.77 | (0.25) | 0.00 | (0.02) | 0.00 | 13.16 | 38.44 | |||
| DHX | 2.50 | (0.20) | 0.00 | (0.75) | 0.00 | 4.44 | 13.34 | |||
| BAER | 3.59 | 0.84 | 0.23 | 1.00 | 2.86 | 10.84 | 22.79 | |||
| NNBR | 3.24 | (0.29) | 0.00 | (0.23) | 0.00 | 5.43 | 21.64 | |||
| TUSK | 3.27 | 0.23 | 0.07 | 0.27 | 3.21 | 7.65 | 27.95 | |||
| FLX | 3.10 | 0.04 | 0.00 | 0.01 | 0.00 | 8.22 | 25.66 | |||
| OPXS | 2.84 | (0.16) | 0.00 | (0.08) | 0.00 | 5.44 | 19.02 | |||
| OPTT | 5.96 | 0.06 | 0.02 | 0.07 | 6.90 | 22.81 | 38.97 |
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 | Profile |