Spire Global Correlations

SPIR Stock

USD 9.70 0.91 8.58%

The current 90-days correlation between Spire Global and Rich Sparkle Holdings is 0.01 (i.e., Significant 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

Poor diversification

The correlation between Spire Global and DJI is 0.64 (i.e., Poor 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.

Build AI portfolio with Spire Stock

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

0.67	0Q7L	AMAG Austria Metall	Pair Corr
0.75	0I47	Costco Wholesale Corp	Pair Corr
0.82	0L8B	Southern Copper Corp	Pair Corr
0.62	ROL	Rollins	Pair Corr
0.74	RTO	Rentokil Initial PLC	Pair Corr
0.65	0N9K	Elmos Semiconductor	Pair Corr
0.72	0LVK	Westlake Chemical Corp	Pair Corr
0.72	0IW3	Global Net Lease	Pair Corr

Moving against Spire Stock

0.42	0KBL	Omega Healthcare Inv	Pair Corr
0.39	36E	GFL ENVIRONM Earnings Call This Week	Pair Corr
0.33	GFL	Gfl Environmental	Pair Corr
0.33	TMIP	Taylor Maritime Inve	Pair Corr
0.32	0RFX	Bell Food Group Earnings Call This Week	Pair Corr
0.75	0KXM	Roper Technologies	Pair Corr
0.68	0JUJ	Liberty Media Corp	Pair Corr
0.63	ALTUV	BIO UV Group	Pair Corr
0.56	0HYE	Cincinnati Financial Corp Earnings Call This Week	Pair Corr
0.36	0H30	Indutrade AB	Pair Corr
0.34	0HW4	Charter Communications	Pair Corr

Related Correlations Analysis

	ANPA	ACTG	CVEO	CMDB	FLYX	JELD	SBC	ACCO	QUAD	WNC
ANPA		0.43	0.7	0.13	0.05	0.18	0.44	0.62	0.21	0.64	ANPA
ACTG	0.43		0.66	0.67	-0.12	-0.04	0.67	0.63	0.64	0.77	ACTG
CVEO	0.7	0.66		0.38	0.06	0.24	0.81	0.87	0.56	0.84	CVEO
CMDB	0.13	0.67	0.38		-0.08	-0.11	0.53	0.39	0.51	0.64	CMDB
FLYX	0.05	-0.12	0.06	-0.08		0.07	0.19	0.18	0.1	0.16	FLYX
JELD	0.18	-0.04	0.24	-0.11	0.07		0.11	0.48	0.08	0.24	JELD
SBC	0.44	0.67	0.81	0.53	0.19	0.11		0.86	0.84	0.84	SBC
ACCO	0.62	0.63	0.87	0.39	0.18	0.48	0.86		0.71	0.89	ACCO
QUAD	0.21	0.64	0.56	0.51	0.1	0.08	0.84	0.71		0.69	QUAD
WNC	0.64	0.77	0.84	0.64	0.16	0.24	0.84	0.89	0.69		WNC
	ANPA	ACTG	CVEO	CMDB	FLYX	JELD	SBC	ACCO	QUAD	WNC

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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

WNC	+ 0.89	ACCO
ACCO	+ 0.87	CVEO
ACCO	+ 0.86	SBC
WNC	+ 0.84	CVEO
QUAD	+ 0.84	SBC
WNC	+ 0.84	SBC

High negative correlations

FLYX	- 0.12	ACTG
JELD	- 0.11	CMDB
FLYX	- 0.08	CMDB
JELD	- 0.04	ACTG

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
ANPA	13.68	4.51	0.33	1.11	10.45	(15.95)	22.60	(23.66)	295.76
ACTG	1.78	0.26	0.10	0.32	2.17	(1.86)	3.54	(3.39)	15.00
CVEO	1.19	0.19	0.08	0.39	1.68	(1.28)	2.41	(1.82)	14.66
CMDB	1.83	0.56	0.29	2.06	1.40	(2.28)	4.18	(2.89)	15.86
FLYX	7.56	0.28	0.06	0.11	8.24	(10.54)	11.96	(11.89)	161.87
JELD	4.15	(0.64)	0.00	(0.13)	0.00	0.00	9.36	(10.14)	31.31
SBC	2.51	0.39	0.15	0.25	2.43	(3.16)	7.42	(3.83)	17.06
ACCO	1.46	0.03	0.02	0.08	1.99	(1.53)	3.25	(2.99)	9.71
QUAD	1.53	0.27	0.09	(8.76)	2.18	(1.64)	3.33	(3.00)	11.32
WNC	2.27	0.41	0.21	0.25	1.96	(2.93)	5.45	(3.47)	16.28

Spire Global Corporate Management

Jon Christensen	Global Development	Profile
Gabriel Oehme	Chief Officer	Profile
Jeroen Cappaert	CoFounder CTO	Profile
Michelle Nadeau	Global Operations	Profile
Tim Braswell	Chief Officer	Profile
Peter Platzer	President, CoFounder	Profile

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