Sound Point Correlations

SPME Stock

25.05 0.03 0.12%

The current 90-days correlation between Sound Point Meridian and Ares Management LP is 0.32 (i.e., Weak 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

Poor diversification

The correlation between Sound Point Meridian and DJI is 0.78 (i.e., Poor 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

0.68	BK	Bank of New York	Pair Corr
0.83	IVSBF	Investor AB ser	Pair Corr
0.87	IVSXF	Investor AB	Pair Corr
0.7	COHG	Cheetah Oil Gas	Pair Corr
0.86	ENADF	Enad Global 7	Pair Corr
0.88	ASML	ASML Holding NV	Pair Corr
0.67	DOLE	Dole PLC	Pair Corr
0.64	SBGSY	Schneider Electric	Pair Corr
0.77	FLRAF	Essentra plc	Pair Corr
0.8	IMPUF	Impala Platinum Holdings Earnings Call This Week	Pair Corr
0.87	TOELF	Tokyo Electron	Pair Corr
0.77	CKHUY	CK Hutchison Holdings	Pair Corr
0.88	TTC	Toro Earnings Call This Week	Pair Corr
0.74	EXR	Extra Space Storage	Pair Corr
0.87	ACR-PC	ACRES Commercial Realty	Pair Corr
0.75	EDU	New Oriental Education	Pair Corr
0.68	CCL	Carnival	Pair Corr

Moving against Sound Stock

0.7	FSTF	First State Financial	Pair Corr
0.66	ERHE	ERHC Energy	Pair Corr
0.54	ARES	Ares Management LP Downward Rally	Pair Corr
0.45	BX	Blackstone Group	Pair Corr
0.45	BAM	Brookfield Asset Man	Pair Corr
0.42	APO	Apollo Global Management	Pair Corr
0.44	ULTXF	Ultra Resources	Pair Corr
0.39	ZTCOF	ZTE Corp H Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BLK	BX	BK	BAM	APO	IVSBF	IVSXF	AMP	ARES
BLK		0.29	0.66	0.14	0.25	0.28	0.38	0.56	0.2	BLK
BX	0.29		-0.11	0.77	0.92	-0.75	-0.69	0.17	0.97	BX
BK	0.66	-0.11		-0.06	0.01	0.62	0.68	0.77	-0.15	BK
BAM	0.14	0.77	-0.06		0.79	-0.55	-0.6	0.01	0.81	BAM
APO	0.25	0.92	0.01	0.79		-0.67	-0.62	0.33	0.94	APO
IVSBF	0.28	-0.75	0.62	-0.55	-0.67		0.95	0.24	-0.78	IVSBF
IVSXF	0.38	-0.69	0.68	-0.6	-0.62	0.95		0.37	-0.74	IVSXF
AMP	0.56	0.17	0.77	0.01	0.33	0.24	0.37		0.12	AMP
ARES	0.2	0.97	-0.15	0.81	0.94	-0.78	-0.74	0.12		ARES
	BLK	BX	BK	BAM	APO	IVSBF	IVSXF	AMP	ARES

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

ARES	+ 0.97	BX
IVSXF	+ 0.95	IVSBF
ARES	+ 0.94	APO
APO	+ 0.92	BX
ARES	+ 0.81	BAM
APO	+ 0.79	BAM

High negative correlations

ARES	- 0.78	IVSBF
IVSBF	- 0.75	BX
ARES	- 0.74	IVSXF
IVSXF	- 0.69	BX
IVSBF	- 0.67	APO
IVSXF	- 0.62	APO

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
BLK	1.17	(0.03)	0.00	0.06	1.57	(1.19)	2.64	(2.52)	10.50
BX	1.67	(0.46)	0.00	(0.17)	0.00	0.00	2.80	(5.57)	9.49
BK	1.20	0.08	0.06	0.15	1.55	(1.25)	2.65	(2.22)	9.00
BAM	1.60	(0.21)	0.00	(0.04)	0.00	0.00	2.44	(4.33)	10.10
APO	1.66	(0.46)	0.00	(0.15)	0.00	0.00	3.61	(5.06)	10.73
IVSBF	1.09	0.35	0.14	(9.40)	1.03	(1.44)	2.84	(2.17)	6.45
IVSXF	0.97	0.28	0.08	2.92	0.80	(2.75)	3.84	(2.39)	7.80
AMP	1.38	(0.04)	0.00	0.05	2.26	(1.23)	2.91	(3.80)	10.55
ARES	2.22	(0.54)	0.00	(0.16)	0.00	0.00	4.27	(5.15)	18.45

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC