Spire Global Correlations

SPIR Stock

USD 8.96 0.16 1.75%

The current 90-days correlation between Spire Global and Acacia Research is 0.26 (i.e., Modest 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

Very weak diversification

The correlation between Spire Global and DJI is 0.53 (i.e., Very 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.

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

0.68	CUV	Realord Group Holdings	Pair Corr
0.67	0JXF	Protector Forsikring ASA	Pair Corr

Moving against Spire Stock

0.65	0NUT	Nextensa NV	Pair Corr
0.4	0A9G	Mereo BioPharma Group	Pair Corr

Related Correlations Analysis

	ANPA	ACTG	CVEO	CMDB	FLYX	JELD	SBC	ACCO	QUAD	WNC
ANPA		0.12	0.18	-0.17	0.18	0.59	0.51	0.38	-0.27	0.43	ANPA
ACTG	0.12		0.82	0.77	-0.61	-0.25	0.14	0.73	0.54	0.69	ACTG
CVEO	0.18	0.82		0.78	-0.54	-0.39	0.42	0.89	0.58	0.85	CVEO
CMDB	-0.17	0.77	0.78		-0.64	-0.51	-0.02	0.53	0.5	0.62	CMDB
FLYX	0.18	-0.61	-0.54	-0.64		0.34	0.11	-0.37	-0.44	-0.32	FLYX
JELD	0.59	-0.25	-0.39	-0.51	0.34		0.21	-0.13	-0.56	-0.02	JELD
SBC	0.51	0.14	0.42	-0.02	0.11	0.21		0.57	0.07	0.55	SBC
ACCO	0.38	0.73	0.89	0.53	-0.37	-0.13	0.57		0.62	0.87	ACCO
QUAD	-0.27	0.54	0.58	0.5	-0.44	-0.56	0.07	0.62		0.38	QUAD
WNC	0.43	0.69	0.85	0.62	-0.32	-0.02	0.55	0.87	0.38		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

ACCO	+ 0.89	CVEO
WNC	+ 0.87	ACCO
WNC	+ 0.85	CVEO
CVEO	+ 0.82	ACTG
CMDB	+ 0.78	CVEO
CMDB	+ 0.77	ACTG

High negative correlations

FLYX	- 0.64	CMDB
FLYX	- 0.61	ACTG
QUAD	- 0.56	JELD
FLYX	- 0.54	CVEO
JELD	- 0.51	CMDB
QUAD	- 0.44	FLYX

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	16.12	1.90	0.12	0.30	16.35	(20.28)	40.67	(36.88)	308.92
ACTG	1.55	0.15	0.07	0.20	1.87	(1.66)	3.30	(3.13)	8.15
CVEO	0.94	0.29	0.25	0.33	0.73	(1.09)	2.53	(1.56)	6.05
CMDB	1.73	0.20	0.09	0.39	2.00	(1.81)	3.57	(3.29)	13.64
FLYX	7.98	0.34	0.06	0.10	8.08	(11.08)	21.01	(11.89)	161.87
JELD	3.87	(0.32)	0.00	(0.08)	0.00	0.00	8.37	(10.14)	31.37
SBC	2.41	0.10	0.04	0.11	2.75	(2.90)	6.78	(5.09)	17.06
ACCO	1.34	0.18	0.11	0.18	1.58	(1.50)	3.21	(2.48)	8.99
QUAD	1.66	0.27	0.11	0.24	2.33	(1.80)	3.87	(5.12)	12.61
WNC	2.36	0.14	0.07	0.11	2.46	(2.73)	5.45	(4.14)	15.66

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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