Sound Point Correlations
| SPMC Stock | 13.21 0.19 1.42% |
The current 90-days correlation between Sound Point Meridian and Inflection Point Acquisition is 0.08 (i.e., Significant diversification). The correlation of Sound Point 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.
Sound Point Correlation With Market
Average diversification
The correlation between Sound Point Meridian and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sound Point Meridian and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Sound Stock
| 0.75 | TEK | Tekcapital plc | PairCorr |
| 0.9 | IPX | Impax Asset Management | PairCorr |
| 0.73 | MEC | Morphic Ethical Equities | PairCorr |
| 0.76 | SSSS-P | Shooting Star Acquisition | PairCorr |
| 0.8 | GCMGW | GCM Grosvenor | PairCorr |
Moving against Sound Stock
| 0.8 | BK | Bank of New York | PairCorr |
| 0.68 | AB | AllianceBernstein | PairCorr |
| 0.59 | HHI | Henderson High Income | PairCorr |
| 0.34 | DHIL | Diamond Hill Investment | PairCorr |
| 0.9 | VINP | Vinci Partners Inves | PairCorr |
| 0.76 | MNG | MG Plc | PairCorr |
| 0.7 | VELO | Velo3D, Tech Boost | PairCorr |
| 0.7 | ALAB-P | A Labs Capital | PairCorr |
| 0.46 | MNTN | Schiehallion | PairCorr |
| 0.86 | LBS | Life Banc Split Split | PairCorr |
| 0.83 | CTPE | CT Private Equity | PairCorr |
| 0.83 | DFN | Dividend 15 Split | PairCorr |
| 0.73 | ECCC | Eagle Point Credit | PairCorr |
| 0.72 | PCFT | Polar Capital Global | PairCorr |
| 0.71 | SII | Sprott Inc | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sound Stock performing well and Sound Point 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 Sound Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPCX | 0.18 | (0.01) | (0.24) | 0.01 | 0.19 | 0.50 | 1.37 | |||
| BRR | 3.15 | (1.71) | 0.00 | (0.75) | 0.00 | 1.26 | 44.04 | |||
| TLNC | 0.15 | 0.02 | (0.18) | 0.67 | 0.00 | 0.40 | 0.90 | |||
| SAR | 0.90 | (0.07) | 0.00 | (0.03) | 0.00 | 1.54 | 6.31 | |||
| SCM | 1.09 | (0.10) | 0.00 | (0.06) | 0.00 | 1.92 | 6.88 | |||
| NEWTP | 0.58 | (0.04) | 0.00 | (0.39) | 0.00 | 1.25 | 3.21 | |||
| PACH | 0.11 | 0.01 | (0.40) | (0.56) | 0.00 | 0.30 | 0.89 | |||
| SVAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Sound Point Corporate Management
| Kevin Gerlitz | Chief Officer | Profile | |
| Andrea JD | Corporate Secretary | Profile | |
| Lucas Foss | Chief Officer | Profile | |
| Joshua Harris | Head Accounting | Profile |