Sound Point Correlations

SPME Stock

25.02 0.09 0.36%

The current 90-days correlation between Sound Point Meridian and Artisan Partners Asset is 0.1 (i.e., Average 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

Significant diversification

The correlation between Sound Point Meridian and DJI is 0.07 (i.e., Significant 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 industry.

Moving together with Sound Stock

0.65	APO	Apollo Global Management	Pair Corr
0.76	BK	Bank of New York	Pair Corr
0.75	IVSBF	Investor AB ser	Pair Corr
0.83	IVSXF	Investor AB	Pair Corr
0.77	TLK	Telkom Indonesia Tbk	Pair Corr
0.78	PTAIY	Astra International Tbk	Pair Corr
0.85	PPERY	Bank Mandiri Persero	Pair Corr
0.66	PPERF	Bank Mandiri Persero	Pair Corr
0.91	ATI	Allegheny Technologies	Pair Corr
0.62	FOJCF	Fortum Oyj	Pair Corr
0.73	WNEB	Western New England	Pair Corr
0.81	WFC	Wells Fargo Sell-off Trend	Pair Corr
0.7	VIK	Viking Holdings	Pair Corr
0.83	BORR	Borr Drilling	Pair Corr
0.76	AKAAF	Aker ASA	Pair Corr
0.64	FECCF	Frontera Energy Corp	Pair Corr
0.68	LTHIF	InZinc Mining	Pair Corr
0.66	FRRDF	Frontier Developments plc	Pair Corr
0.78	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.86	NWG	Natwest Group PLC Normal Trading	Pair Corr
0.81	TTE	TotalEnergies SE ADR	Pair Corr
0.84	LCCC	Lakeshore Acquisition III	Pair Corr

Moving against Sound Stock

0.66	PTAIF	PT Astra International	Pair Corr
0.63	BLK	BlackRock	Pair Corr
0.51	BAM	Brookfield Asset Man	Pair Corr
0.45	BX	Blackstone Group Sell-off Trend	Pair Corr

Related Correlations Analysis

	APAM	HTGC	CNS	OAK-PA	OAK-PB	BBUC	GBDC	BUR	WSFS
APAM		-0.24	0.76	0.42	0.43	0.04	0.14	0.44	-0.37	APAM
HTGC	-0.24		-0.45	-0.35	-0.27	0.18	0.39	-0.11	0.76	HTGC
CNS	0.76	-0.45		0.64	0.61	0.21	0.18	0.49	-0.55	CNS
OAK-PA	0.42	-0.35	0.64		0.85	0.27	-0.07	0.75	-0.6	OAK-PA
OAK-PB	0.43	-0.27	0.61	0.85		0.24	-0.01	0.74	-0.51	OAK-PB
BBUC	0.04	0.18	0.21	0.27	0.24		0.55	0.18	0.08	BBUC
GBDC	0.14	0.39	0.18	-0.07	-0.01	0.55		-0.22	0.27	GBDC
BUR	0.44	-0.11	0.49	0.75	0.74	0.18	-0.22		-0.42	BUR
WSFS	-0.37	0.76	-0.55	-0.6	-0.51	0.08	0.27	-0.42		WSFS
	APAM	HTGC	CNS	OAK-PA	OAK-PB	BBUC	GBDC	BUR	WSFS

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

OAK-PB	+ 0.85	OAK-PA
CNS	+ 0.76	APAM
WSFS	+ 0.76	HTGC
BUR	+ 0.75	OAK-PA
BUR	+ 0.74	OAK-PB
OAK-PA	+ 0.64	CNS

High negative correlations

WSFS	- 0.6	OAK-PA
WSFS	- 0.55	CNS
WSFS	- 0.51	OAK-PB
CNS	- 0.45	HTGC
WSFS	- 0.42	BUR
WSFS	- 0.37	APAM

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
APAM	0.94	(0.15)	0.00	(0.09)	0.00	0.00	2.24	(2.30)	5.46
HTGC	0.97	(0.08)	0.00	(0.03)	0.00	0.00	1.86	(2.07)	5.08
CNS	1.19	(0.17)	0.00	(0.06)	0.00	0.00	2.06	(2.68)	13.66
OAK-PA	0.61	(0.05)	0.00	(0.39)	0.00	0.00	1.20	(1.15)	5.29
OAK-PB	0.50	(0.06)	0.00	(0.40)	0.00	0.00	0.94	(1.17)	4.82
BBUC	1.87	(0.07)	(0.01)	0.03	2.95	(1.82)	3.85	(3.80)	17.00
GBDC	0.76	(0.08)	0.00	(0.04)	0.00	0.00	1.67	(1.55)	5.67
BUR	1.71	(0.58)	0.00	(0.34)	0.00	0.00	3.18	(3.77)	15.16
WSFS	1.07	(0.01)	0.00	0.06	1.62	(1.05)	2.40	(1.84)	8.47

Sound Point Corporate Management

Kevin Gerlitz	Chief Officer	Profile
Andrea JD	Corporate Secretary	Profile
Lucas Foss	Chief Officer	Profile
Joshua Harris	Head Accounting	Profile

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