Spire Global Correlations

SPIR Stock

USD 15.95 0.36 2.31%

The current 90-days correlation between Spire Global and PFSweb Inc is -0.14 (i.e., Good diversification). The correlation of Spire 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Spire Global Correlation With Market

Weak diversification

The correlation between Spire Global and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spire Global and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire 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 gross domestic product.

To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.

Moving together with Spire Stock

0.78	G	Genpact Limited	Pair Corr
0.73	BR	Broadridge Financial	Pair Corr
0.8	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.67	LZ	LegalZoom	Pair Corr
0.88	SQ	Block Inc Tech Boost	Pair Corr
0.64	WM	Waste Management	Pair Corr
0.82	DRVN	Driven Brands Holdings	Pair Corr
0.65	VRSK	Verisk Analytics	Pair Corr
0.67	VSEC	VSE Corporation	Pair Corr
0.79	EXLS	ExlService Holdings	Pair Corr
0.73	ADP	Automatic Data Processing	Pair Corr
0.77	FOUR	Shift4 Payments Tech Boost	Pair Corr
0.68	KAR	KAR Auction Services	Pair Corr
0.68	RBA	RB Global	Pair Corr

Moving against Spire Stock

0.75	VCIG	VCI Global Limited	Pair Corr
0.71	MG	Mistras Group	Pair Corr
0.57	VLTO	Veralto	Pair Corr
0.56	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.49	FC	Franklin Covey	Pair Corr
0.39	FA	First Advantage Corp	Pair Corr
0.77	DSS	DSS Inc	Pair Corr
0.75	EFX	Equifax	Pair Corr
0.58	WHLM	Wilhelmina	Pair Corr
0.4	EXPO	Exponent	Pair Corr
0.65	MMS	Maximus Downward Rally	Pair Corr
0.63	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.61	FCN	FTI Consulting	Pair Corr
0.61	SMX	SMX Public Limited	Pair Corr
0.55	LGCL	Lucas GC Limited	Pair Corr
0.49	TRI	Thomson Reuters Corp	Pair Corr

Related Correlations Analysis

	LICN	PFSW	SP	UNF	FA	PFMT	NTIP	RTO	WHLM	MADGF
LICN		0.28	-0.08	-0.02	-0.39	-0.2	0.0	0.45	0.15	0.35	LICN
PFSW	0.28		0.64	0.22	-0.68	-0.11	-0.65	-0.21	-0.7	0.02	PFSW
SP	-0.08	0.64		0.34	-0.35	-0.13	-0.77	-0.65	-0.88	-0.44	SP
UNF	-0.02	0.22	0.34		0.14	-0.41	-0.31	-0.28	-0.36	-0.31	UNF
FA	-0.39	-0.68	-0.35	0.14		0.24	0.34	-0.22	0.36	-0.39	FA
PFMT	-0.2	-0.11	-0.13	-0.41	0.24		0.05	-0.22	-0.01	-0.22	PFMT
NTIP	0.0	-0.65	-0.77	-0.31	0.34	0.05		0.47	0.84	0.16	NTIP
RTO	0.45	-0.21	-0.65	-0.28	-0.22	-0.22	0.47		0.69	0.86	RTO
WHLM	0.15	-0.7	-0.88	-0.36	0.36	-0.01	0.84	0.69		0.42	WHLM
MADGF	0.35	0.02	-0.44	-0.31	-0.39	-0.22	0.16	0.86	0.42		MADGF
	LICN	PFSW	SP	UNF	FA	PFMT	NTIP	RTO	WHLM	MADGF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MADGF	+ 0.86	RTO
WHLM	+ 0.84	NTIP
WHLM	+ 0.69	RTO
SP	+ 0.64	PFSW
RTO	+ 0.47	NTIP
RTO	+ 0.45	LICN

High negative correlations

WHLM	- 0.88	SP
NTIP	- 0.77	SP
WHLM	- 0.7	PFSW
FA	- 0.68	PFSW
RTO	- 0.65	SP
NTIP	- 0.65	PFSW

Risk-Adjusted Indicators

There is a big difference between Spire Stock performing well and Spire 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 Spire 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LICN	3.34	0.05	0.01	0.14	5.27	(3.63)	7.96	(7.93)	36.27
PFSW	2.08	0.14	0.03	0.35	2.81	(2.29)	5.84	(5.09)	17.10
SP	1.24	0.18	0.08	0.66	1.17	(1.38)	3.66	(1.81)	7.05
UNF	1.20	(0.07)	0.00	0.06	1.32	(1.34)	2.78	(2.44)	10.96
FA	1.26	(0.10)	(0.06)	(0.01)	1.60	(1.34)	2.48	(3.01)	9.66
PFMT	2.12	(0.32)	0.00	(0.10)	0.00	0.00	4.62	(3.95)	21.95
NTIP	1.98	(0.17)	0.00	0.89	0.00	0.00	3.88	(4.37)	32.25
RTO	1.57	(0.37)	0.00	(0.55)	0.00	0.00	2.40	(2.69)	22.43
WHLM	2.96	(0.53)	0.00	(10.01)	0.00	0.00	6.54	(8.01)	39.65
MADGF	0.49	(0.11)	0.00	1.43	0.00	0.00	0.30	0.00	16.41

Spire Global Corporate Management

Jon Christensen	Global Development	Profile
Jeroen Cappaert	CoFounder CTO	Profile
Michelle Nadeau	Global Operations	Profile
Tim Braswell	Chief Officer	Profile
Peter Platzer	President, CoFounder	Profile
Benjamin Hackman	Head Relations	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

2024 Macroaxis LLC