SPGC Old Correlations

SPGCDelisted Stock   0.10  0.02  16.67%   
The current 90-days correlation between SPGC Old and SRIVARU Holding Limited is 0.1 (i.e., Average diversification). The correlation of SPGC Old 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.

SPGC Old Correlation With Market

Good diversification

The correlation between SPGC Old and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPGC Old and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving against SPGC Stock

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  0.38JBHT JB Hunt TransportPairCorr
  0.35IBM International BusinessPairCorr
  0.33JNJ Johnson JohnsonPairCorr

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

HYZNZAPP
GOEVWKSP
GOEVZAPP
BINIGOEV
HYZNGOEV
ZAPPWKSP
  

High negative correlations

BINISVMH
BINIGMBL
BINISLNA
GMBLSLNA
HYZNSLNA
GOEVSLNA

Risk-Adjusted Indicators

There is a big difference between SPGC Stock performing well and SPGC Old 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 SPGC Old'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WKSP  4.74 (0.61) 0.00 (0.09) 0.00 
 8.23 
 24.35 
ZAPP  7.04 (3.55) 0.00  9.62  0.00 
 10.00 
 95.70 
AUVI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SVMH  16.18  2.43  0.11 (4.40) 17.71 
 36.11 
 112.72 
SLNA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GOEV  11.78 (4.93) 0.00 (2.06) 0.00 
 33.20 
 107.21 
HYZN  4.46 (1.22) 0.00  0.86  0.00 
 9.58 
 44.94 
GMBL  9.90  0.41  0.03  0.16  11.66 
 32.43 
 82.77 
BINI  12.85 (5.37) 0.00 (1.04) 0.00 
 30.00 
 87.52 

Delisting Warning - SPGC

SPGC Old was delisted

The entity SPGC Old with a symbol SPGC was delisted from NASDAQ Exchange. Please try Newton Golf with a symbol NWTG from now on. Check all delisted instruments accross multiple markets.

SPGC Old Corporate Management

Scott WhiteChief OfficerProfile
Angelo PapadourakisExecutive DistributionProfile
Michael FerrisChief OfficerProfile
Douglas CPAChief OfficerProfile

Still Interested in SPGC Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.