Sound Point Correlations

SPMC Stock

13.36 0.05 0.38%

The current 90-days correlation between Sound Point Meridian and Inflection Point Acquisition is 0.05 (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

Very good diversification

The correlation between Sound Point Meridian and DJI is -0.4 (i.e., Very good 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.

Build AI portfolio with Sound Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sound Point Meridian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Sound Stock

0.84	IPX	Impax Asset Management	Pair Corr
0.67	KUR-H	Kure Technologies	Pair Corr

Moving against Sound Stock

0.75	SPT6	Beta Systems Software	Pair Corr
0.71	BBUC	Brookfield Business Corp	Pair Corr
0.5	BK	Bank of New York	Pair Corr
0.47	DHIL	Diamond Hill Investment	Pair Corr
0.43	CG	Carlyle Group Earnings Call Tomorrow	Pair Corr
0.37	HHI	Henderson High Income	Pair Corr
0.37	NP	Neptune Insurance	Pair Corr
0.6	VINP	Vinci Partners Inves	Pair Corr
0.47	DMYY	dMY Squared Technology	Pair Corr
0.47	JLEN	JLEN Environmental Assets	Pair Corr
0.37	MNG	MG Plc	Pair Corr
0.31	VCTR	Victory Capital Holdings	Pair Corr
0.69	ECCC	Eagle Point Credit	Pair Corr
0.64	LBS	Life Banc Split	Pair Corr
0.55	CTPE	CT Private Equity	Pair Corr
0.54	PG4	Principal Financial	Pair Corr
0.51	ECCX	Eagle Point Credit	Pair Corr
0.47	PFQ	Pacific Century Regional	Pair Corr

Related Correlations Analysis

	IPCX	BRR	TLNC	SAR	SCM	NEWTP	PACH	SVAC
IPCX		0.52	-0.37	-0.46	-0.41	0.32	0.29	0.0	IPCX
BRR	0.52		-0.02	-0.85	-0.78	-0.17	0.49	0.0	BRR
TLNC	-0.37	-0.02		0.03	-0.24	-0.18	0.34	0.0	TLNC
SAR	-0.46	-0.85	0.03		0.74	0.41	-0.34	0.0	SAR
SCM	-0.41	-0.78	-0.24	0.74		0.1	-0.58	0.0	SCM
NEWTP	0.32	-0.17	-0.18	0.41	0.1		0.2	0.0	NEWTP
PACH	0.29	0.49	0.34	-0.34	-0.58	0.2		0.0	PACH
SVAC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SVAC
	IPCX	BRR	TLNC	SAR	SCM	NEWTP	PACH	SVAC

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

SCM	+ 0.74	SAR
BRR	+ 0.52	IPCX
PACH	+ 0.49	BRR
NEWTP	+ 0.41	SAR
PACH	+ 0.34	TLNC
NEWTP	+ 0.32	IPCX

High negative correlations

SAR	- 0.85	BRR
SCM	- 0.78	BRR
PACH	- 0.58	SCM
SAR	- 0.46	IPCX
SCM	- 0.41	IPCX
TLNC	- 0.37	IPCX

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	0.14	(0.01)	0.00	0.63	0.00	0.00	0.49	(0.39)	1.08
BRR	4.67	(2.07)	0.00	(0.65)	0.00	0.00	10.06	(14.22)	43.35
TLNC	0.15	0.00	(0.36)	0.16	0.16	(0.24)	0.40	(0.39)	0.89
SAR	0.75	0.08	0.04	0.27	0.76	(0.88)	1.60	(1.27)	4.29
SCM	1.11	(0.04)	(0.04)	0.04	1.54	(1.15)	2.04	(2.59)	7.76
NEWTP	0.51	0.02	(0.09)	0.29	0.56	(0.58)	1.22	(1.08)	3.11
PACH	0.10	0.00	(0.49)	0.99	0.00	(0.18)	0.20	(0.20)	0.89
SVAC	0.00	0.00	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
Daniel Fabian	Chief Officer	Profile

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