SP Global Correlations

Stocks . USA . 
Stock . SP Global
SPGI Stock  USD 417.48  0.81  0.19%   
The current 90-days correlation between SP Global and Banco Santander SA is 0.34 (i.e., Weak 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

Good diversification

The correlation between SP Global and DJI is -0.16 (i.e., Good 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.
  
Build AI portfolio with SPGI Stock
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

  0.843HM MSCI IncPairCorr
  0.85FA1 FactSet Research SystemsPairCorr
  0.83X TMX Group LimitedPairCorr
  0.88FDS FactSet Research SystemsPairCorr
  0.98MCO MoodysPairCorr
  0.66HOOD Robinhood Markets Aggressive PushPairCorr
  0.94NAQ Nasdaq IncPairCorr
  0.77LS4C London Stock Exchange Earnings Call This WeekPairCorr
  0.819TX TMX GROUP LTDPairCorr
  0.97MHL SP GlobalPairCorr
  0.72IC2 Intercontinental ExchangePairCorr
  0.75LSEG London Stock Exchange Earnings Call This WeekPairCorr
  0.88MORN MorningstarPairCorr
  0.79MSCI MSCI IncPairCorr
  0.94NDAQ Nasdaq Inc Normal TradingPairCorr

Moving against SPGI Stock

  0.76CME CME GroupPairCorr
  0.75TW Tradeweb MarketsPairCorr
  0.62MLNMA Nicolas Miguet etPairCorr
  0.62LFIN LongFin CorpPairCorr
  0.57AUX ASX LimitedPairCorr
  0.55AUX1 ASX LTD UNSPONSADRPairCorr
  0.5YBV0 B3 SA UNSPADR1PairCorr
  0.5OSKU JAPAN EX UNADRPairCorr
  0.43LS4D LONDON STEXUNSPADRS12 Earnings Call This WeekPairCorr
  0.36C67 Cboe Global MarketsPairCorr
  0.77MX4A CME GroupPairCorr
  0.45SOUU SINGAPORE EXUNSPADR15PairCorr
  0.45CBOE Cboe Global Markets Low VolatilityPairCorr
  0.35ASX ASXPairCorr
  0.35SOU Singapore ExchangePairCorr

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
+ 0.93
SAN
IBKR
+ 0.85
SAN
BLK
+ 0.77
SAN
COF
+ 0.76
BAC
IBKR
+ 0.76
TD
TD
+ 0.72
BLK
  

High negative correlations

IBKR
- 0.12
COF
IBKR
- 0.05
MCO

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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