SP Global Correlations

Stocks . USA . 
Stock . SP Global
SPGI Stock  USD 527.79  0.00  0.00%   
The current 90-days correlation between SP Global and Banco Santander SA is -0.01 (i.e., Good diversification). The correlation of SP Global 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.

SP Global Correlation With Market

Very poor diversification

The correlation between SP Global and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SP Global and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. 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.
For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.

Moving together with SPGI Stock

  0.65PBMRF PT Bumi ResourcesPairCorr
  0.84RIOCF Riocan REITPairCorr
  0.73WNC Wabash National Earnings Call This WeekPairCorr
  0.79AFGYF AFC Energy plcPairCorr
  0.79CHRW CH Robinson WorldwidePairCorr
  0.69SYPR Sypris Solutions Upward RallyPairCorr
  0.79AIZ AssurantPairCorr
  0.84PSZKY Powszechna Kasa Oszc Normal TradingPairCorr
  0.74EXPE Expedia Group Earnings Call This WeekPairCorr
  0.73JFBHF Jungfraubahn HoldingPairCorr
  0.88BWA BorgWarner Earnings Call This WeekPairCorr
  0.65SBNC Southern BancSharesPairCorr
  0.72ECPG Encore Capital GroupPairCorr
  0.67ISPR Ispire Technology CommonPairCorr
  0.61FCBC First Community Banc Normal TradingPairCorr
  0.85GMGMF Graphene ManufacturingPairCorr

Moving against SPGI Stock

  0.81AGMH AGM Group HoldingsPairCorr
  0.55CMWCF Cromwell PropertyPairCorr
  0.51PBCRF PT Bank CentralPairCorr
  0.39BKRKF PT Bank RakyatPairCorr
  0.33TW Tradeweb Markets Sell-off TrendPairCorr

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

TD
+ 0.94
SAN
COF
+ 0.86
BAC
TD
+ 0.84
MCO
MCO
+ 0.83
SAN
IBKR
+ 0.74
BLK
COF
+ 0.74
TD
  

High negative correlations

IBKR
- 0.09
BAC

Risk-Adjusted Indicators

There is a big difference between SPGI Stock performing well and SP Global 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 SP Global'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.

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