Scisparc Correlations

SPRC Stock

USD 1.40 0.04 2.94%

The current 90-days correlation between Scisparc and Indaptus Therapeutics is 0.13 (i.e., Average diversification). The correlation of Scisparc 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.

Scisparc Correlation With Market

Average diversification

The correlation between Scisparc and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scisparc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Scisparc Stock

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

For information on how to trade Scisparc Stock refer to our How to Trade Scisparc Stock guide.

Moving together with Scisparc Stock

0.75	PG	Procter Gamble	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.8	MSFT	Microsoft	Pair Corr

Moving against Scisparc Stock

0.88	CSCO	Cisco Systems	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.85	FTV	Fortive Corp	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.8	AMGN	Amgen Inc	Pair Corr
0.8	AXP	American Express	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.78	BAC	Bank of America	Pair Corr
0.75	GILD	Gilead Sciences	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.64	MCD	McDonalds	Pair Corr
0.61	IBM	International Business	Pair Corr
0.54	JPM	JPMorgan Chase	Pair Corr
0.5	MMM	3M Company	Pair Corr

Related Correlations Analysis

	INDP	SLRX	SLXN	LIPO	JSPR	ONCO	AZTR	SCNI	PTIX	ARTL
INDP		0.87	0.81	0.72	0.87	0.75	0.85	0.79	0.78	0.84	INDP
SLRX	0.87		0.87	0.82	0.92	0.86	0.93	0.86	0.9	0.92	SLRX
SLXN	0.81	0.87		0.84	0.84	0.89	0.93	0.92	0.88	0.91	SLXN
LIPO	0.72	0.82	0.84		0.75	0.82	0.85	0.81	0.93	0.85	LIPO
JSPR	0.87	0.92	0.84	0.75		0.77	0.91	0.81	0.86	0.93	JSPR
ONCO	0.75	0.86	0.89	0.82	0.77		0.83	0.95	0.85	0.8	ONCO
AZTR	0.85	0.93	0.93	0.85	0.91	0.83		0.85	0.93	0.97	AZTR
SCNI	0.79	0.86	0.92	0.81	0.81	0.95	0.85		0.84	0.84	SCNI
PTIX	0.78	0.9	0.88	0.93	0.86	0.85	0.93	0.84		0.93	PTIX
ARTL	0.84	0.92	0.91	0.85	0.93	0.8	0.97	0.84	0.93		ARTL
	INDP	SLRX	SLXN	LIPO	JSPR	ONCO	AZTR	SCNI	PTIX	ARTL

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Risk-Adjusted Indicators

There is a big difference between Scisparc Stock performing well and Scisparc 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 Scisparc'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
INDP	6.39	0.07	0.03	0.07	6.63	(8.11)	18.70	(11.60)	39.67
SLRX	6.05	(2.09)	0.00	(3.58)	0.00	0.00	10.05	(13.48)	66.01
SLXN	3.75	(0.88)	0.00	(0.34)	0.00	0.00	10.98	(8.19)	37.24
LIPO	6.31	(1.66)	0.00	(0.61)	0.00	0.00	15.00	(15.15)	42.20
JSPR	3.70	(0.38)	0.00	(0.17)	0.00	0.00	6.55	(8.06)	20.79
ONCO	4.98	(0.85)	0.00	(0.53)	0.00	0.00	9.77	(12.46)	36.81
AZTR	4.67	(1.34)	0.00	(0.44)	0.00	0.00	6.76	(11.86)	32.63
SCNI	4.87	(0.80)	0.00	(0.17)	0.00	0.00	10.77	(9.29)	38.82
PTIX	4.75	(1.93)	0.00	2.13	0.00	0.00	9.38	(8.72)	24.38
ARTL	5.11	(1.62)	0.00	(4.17)	0.00	0.00	6.59	(11.08)	44.88

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