Spotify Technology Correlations
| S1PO34 Stock | BRL 717.59 5.37 0.75% |
The current 90-days correlation between Spotify Technology and Electronic Arts is 0.09 (i.e., Significant diversification). The correlation of Spotify Technology 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.
Spotify Technology Correlation With Market
Significant diversification
The correlation between Spotify Technology SA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spotify Technology SA and DJI in the same portfolio, assuming nothing else is changed.
Spotify |
The ability to find closely correlated positions to Spotify Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spotify Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spotify Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spotify Technology SA to buy it.
Moving together with Spotify Stock
| 0.8 | GOGL35 | Alphabet | PairCorr |
| 0.8 | GOGL34 | Alphabet | PairCorr |
| 0.71 | M1TA34 | Meta Platforms | PairCorr |
| 0.79 | AIRB34 | Airbnb Inc | PairCorr |
| 0.94 | T1WL34 | Twilio Inc | PairCorr |
| 0.64 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.7 | SNEC34 | Sony Group Split | PairCorr |
| 0.79 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.63 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.81 | NMRH34 | Nomura Holdings | PairCorr |
| 0.77 | AAPL34 | Apple Inc | PairCorr |
Moving against Spotify Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Spotify Stock performing well and Spotify Technology 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 Spotify Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| E1DU34 | 2.21 | 0.05 | (0.02) | (0.53) | 3.16 | 3.95 | 18.30 | |||
| EAIN34 | 1.02 | 0.21 | 0.10 | 0.80 | 0.99 | 2.30 | 5.00 | |||
| FIQE3 | 1.45 | (0.01) | (0.05) | 0.72 | 2.31 | 2.64 | 11.45 | |||
| MLAS3 | 2.50 | (0.57) | 0.00 | 5.98 | 0.00 | 5.88 | 16.83 | |||
| BMOB3 | 1.30 | (0.14) | 0.00 | 1.11 | 0.00 | 2.62 | 10.12 | |||
| SSFO34 | 1.35 | 0.52 | 0.22 | (2.27) | 1.14 | 4.07 | 11.21 | |||
| MTSA4 | 1.78 | (0.22) | 0.00 | 0.49 | 0.00 | 4.08 | 9.25 | |||
| MRFG3 | 1.91 | 0.40 | 0.11 | (1.08) | 1.80 | 4.32 | 12.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Spotify Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Money Flow Index Now
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
Spotify Technology Corporate Management
Elected by the shareholders, the Spotify Technology's board of directors comprises two types of representatives: Spotify Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spotify. The board's role is to monitor Spotify Technology's management team and ensure that shareholders' interests are well served. Spotify Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Spotify Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bryan Goldberg | Head Relations | Profile | |
| Dustee Jenkins | Global Affairs | Profile | |
| Eve Konstan | G Counsel | Profile | |
| Paul Vogel | Chief Officer | Profile | |
| Dawn Ostroff | Chief Officer | Profile | |
| Paul Sawyer | Controller Officer | Profile |