Safe Pro Correlations

SPAI Stock

4.27 0.16 3.61%

The current 90-days correlation between Safe Pro Group and Coda Octopus Group is 0.16 (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

Average diversification

The correlation between Safe Pro Group and DJI is 0.15 (i.e., Average 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.

Build AI portfolio with Safe Stock

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

0.76	J	Jacobs Solutions	Pair Corr
0.8	300284	Jsti Group	Pair Corr
0.68	300746	Hanjia Design Croup	Pair Corr
0.82	ENGS	Energys Group Limited	Pair Corr
0.79	603887	Shanghai Chengdi Constr	Pair Corr
0.67	601390	China Railway Group	Pair Corr
0.75	ACM	Aecom Technology	Pair Corr
0.7	EME	EMCOR Group	Pair Corr
0.81	LMB	Limbach Holdings	Pair Corr
0.86	MSW	Ming Shing Group	Pair Corr

Moving against Safe Stock

0.85	ACA	Arcosa Inc	Pair Corr
0.85	APG	Api Group Corp	Pair Corr
0.74	002163	Hainan Development	Pair Corr
0.7	DY	Dycom Industries	Pair Corr
0.7	AGX	Argan Inc	Pair Corr
0.7	FER	Ferrovial SE	Pair Corr
0.53	300668	Shenzhen Jiang	Pair Corr
0.52	002307	Xinjiang Beixin Road	Pair Corr
0.52	300506	Shenzhen Minkave Tec	Pair Corr
0.37	GNP	Genusplus Group	Pair Corr
0.37	FBGL	FBS Global Limited	Pair Corr
0.35	TGP	Tekmar Group plc	Pair Corr
0.91	002047	Shen Zhen Bauing	Pair Corr
0.83	VBC	Verbrec	Pair Corr
0.79	LYL	Lycopodium	Pair Corr
0.79	GLDD	Great Lakes Dredge	Pair Corr
0.73	002051	China Camc Engineering	Pair Corr
0.7	002856	Shenzhen Magic Design	Pair Corr
0.68	ORN	Orion Group Holdings	Pair Corr
0.68	LTOD	Larsen Toubro Limited	Pair Corr

Related Correlations Analysis

	EVLV	CODA	HOVR	DHX	BAER	NNBR	TUSK	FLX	OPXS	OPTT
EVLV		0.5	0.81	0.57	-0.41	0.81	0.79	0.5	0.39	0.67	EVLV
CODA	0.5		0.31	-0.23	-0.53	0.1	0.08	0.58	0.72	0.13	CODA
HOVR	0.81	0.31		0.6	-0.24	0.79	0.8	0.49	0.29	0.84	HOVR
DHX	0.57	-0.23	0.6		0.11	0.86	0.83	0.08	-0.23	0.75	DHX
BAER	-0.41	-0.53	-0.24	0.11		-0.14	-0.12	-0.33	-0.41	0.02	BAER
NNBR	0.81	0.1	0.79	0.86	-0.14		0.87	0.39	0.19	0.84	NNBR
TUSK	0.79	0.08	0.8	0.83	-0.12	0.87		0.35	0.06	0.83	TUSK
FLX	0.5	0.58	0.49	0.08	-0.33	0.39	0.35		0.67	0.42	FLX
OPXS	0.39	0.72	0.29	-0.23	-0.41	0.19	0.06	0.67		0.22	OPXS
OPTT	0.67	0.13	0.84	0.75	0.02	0.84	0.83	0.42	0.22		OPTT
	EVLV	CODA	HOVR	DHX	BAER	NNBR	TUSK	FLX	OPXS	OPTT

Please upgrade your account to get full access to Macroaxis premium features

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

TUSK	+ 0.87	NNBR
NNBR	+ 0.86	DHX
OPTT	+ 0.84	HOVR
OPTT	+ 0.84	NNBR
TUSK	+ 0.83	DHX
OPTT	+ 0.83	TUSK

High negative correlations

BAER	- 0.53	CODA
OPXS	- 0.41	BAER
BAER	- 0.41	EVLV
FLX	- 0.33	BAER
BAER	- 0.24	HOVR
OPXS	- 0.23	DHX

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	2.57	(0.44)	0.00	(0.28)	0.00	0.00	4.95	(4.74)	17.04
CODA	2.56	0.08	0.03	0.15	3.02	(2.66)	4.80	(4.45)	19.09
HOVR	6.41	(0.73)	0.00	(0.05)	0.00	0.00	14.22	(13.57)	53.16
DHX	2.33	(0.83)	0.00	141.51	0.00	0.00	4.35	(5.99)	13.34
BAER	2.89	(0.03)	0.00	(0.18)	0.00	0.00	7.51	(5.62)	17.28
NNBR	3.02	(0.77)	0.00	(0.44)	0.00	0.00	6.29	(5.03)	20.50
TUSK	2.47	(0.45)	0.00	(0.25)	0.00	0.00	3.47	(4.84)	27.95
FLX	3.49	(0.10)	0.00	0.03	4.37	(3.79)	8.22	(6.92)	25.66
OPXS	3.31	0.00	0.03	0.08	4.09	(3.50)	6.87	(6.88)	24.39
OPTT	4.57	(0.77)	0.00	(0.15)	0.00	0.00	7.69	(8.70)	48.21

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC