SP Global Correlations

Stocks . USA . 
Stock . SP Global
SPGI Stock  USD 542.17  4.67  0.87%   
The current 90-days correlation between SP Global and Banco Santander SA is -0.23 (i.e., Very 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

Modest diversification

The correlation between SP Global 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 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 price.
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

  0.93MCO MoodysPairCorr
  0.85NDAQ Nasdaq IncPairCorr
  0.61SAR Saratoga Investment CorpPairCorr
  0.73ACN Accenture plcPairCorr
  0.69VLKAF Volkswagen AGPairCorr
  0.66VWAGY Volkswagen AG 110PairCorr
  0.62VLKPF Volkswagen AG VZOPairCorr
  0.61EL Estee Lauder CompaniesPairCorr
  0.62GPHOF Graphite OnePairCorr
  0.8BNXAF Banxa Holdings Tech BoostPairCorr
  0.69SIDU Sidus Space TrendingPairCorr
  0.79FTV Fortive CorpPairCorr
  0.72BROS Dutch Bros Sell-off TrendPairCorr
  0.8DB Deutsche Bank AGPairCorr
  0.85ADAMI New York Mortgage Symbol ChangePairCorr
  0.75MEOAF Melbana EnergyPairCorr
  0.67LCDX Caliber Imaging DiagPairCorr
  0.84NAUFF NevGold CorpPairCorr

Moving against SPGI Stock

  0.85LFIN LongFin CorpPairCorr
  0.64JD JD Inc AdrPairCorr
  0.5300059 East Money InformationPairCorr
  0.33NMRD Nemaura MedicalPairCorr
  0.45694308HY6 US694308HY69PairCorr

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
+ 0.94
TD
SAN
+ 0.89
BAC
TD
+ 0.87
BAC
COF
+ 0.87
BAC
COF
+ 0.87
SAN
  

High negative correlations

BLK
- 0.36
BAC
BLK
- 0.32
SAN
IBKR
- 0.27
TD
IBKR
- 0.24
SAN
TD
- 0.21
BLK
IBKR
- 0.15
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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