Safe Pro Correlations
| SPAI Stock | 3.58 0.24 7.19% |
The current 90-days correlation between Safe Pro Group and CLPS Inc is 0.02 (i.e., Significant diversification). The correlation of Safe Pro 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.
Safe Pro Correlation With Market
Average diversification
The correlation between Safe Pro Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safe Pro Group and DJI in the same portfolio, assuming nothing else is changed.
Safe |
Moving together with Safe Stock
| 0.9 | PL | Planet Labs PBC | PairCorr |
| 0.69 | DPRO | Draganfly | PairCorr |
| 0.63 | ESLT | Elbit Systems | PairCorr |
| 0.75 | EVEX | Eve Holding | PairCorr |
| 0.67 | EVTL | Vertical Aerospace | PairCorr |
| 0.84 | CAE | CAE Inc | PairCorr |
| 0.68 | NPK | National Presto Indu | PairCorr |
| 0.81 | RDW | Redwire Corp | PairCorr |
| 0.76 | TGI | Triumph Group | PairCorr |
| 0.73 | HOVR | New Horizon Aircraft | PairCorr |
Moving against Safe Stock
| 0.78 | GD | General Dynamics Earnings Call This Week | PairCorr |
| 0.75 | NOC | Northrop Grumman Earnings Call This Week | PairCorr |
| 0.68 | EH | Ehang Holdings | PairCorr |
| 0.67 | LMT | Lockheed Martin Earnings Call Tomorrow | PairCorr |
| 0.6 | LHX | L3Harris Technologies Earnings Call This Week | PairCorr |
| 0.54 | HII | Huntington Ingalls | PairCorr |
| 0.48 | KWE | KWESST Micro Systems | PairCorr |
| 0.37 | GE | GE Aerospace Earnings Call Tomorrow | PairCorr |
| 0.77 | AIRI | Air Industries Group | PairCorr |
| 0.65 | TDG | Transdigm Group | PairCorr |
| 0.62 | SVT | Servotronics Potential Growth | PairCorr |
| 0.6 | RTX | Raytheon Technologies Fiscal Year End 28th of January 2025 | PairCorr |
| 0.57 | VVX | V2X Inc | PairCorr |
| 0.56 | SARO | StandardAero, | PairCorr |
| 0.47 | TXT | Textron Earnings Call This Week | PairCorr |
| 0.34 | OPXS | Optex Systems Holdings, | PairCorr |
Related Correlations Analysis
| -0.7 | -0.69 | 0.0 | 0.87 | -0.84 | 0.0 | CDNS | ||
| -0.7 | 0.58 | 0.0 | -0.72 | 0.61 | 0.0 | CLPS | ||
| -0.69 | 0.58 | 0.0 | -0.86 | 0.84 | 0.0 | UBER | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | NWMH | ||
| 0.87 | -0.72 | -0.86 | 0.0 | -0.84 | 0.0 | SEIC | ||
| -0.84 | 0.61 | 0.84 | 0.0 | -0.84 | 0.0 | CDW | ||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | DTATF | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Safe Stock performing well and Safe Pro 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 Safe Pro'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDNS | 1.71 | 0.14 | 0.05 | 0.64 | 2.19 | 2.57 | 18.93 | |||
| CLPS | 2.78 | 0.03 | (0.01) | 0.00 | 3.20 | 7.34 | 24.69 | |||
| UBER | 1.63 | (0.33) | 0.00 | (26.89) | 0.00 | 2.67 | 12.29 | |||
| NWMH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SEIC | 0.97 | 0.25 | 0.15 | 0.84 | 1.22 | 1.63 | 10.38 | |||
| CDW | 1.40 | (0.25) | 0.00 | (0.42) | 0.00 | 2.67 | 12.23 | |||
| DTATF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Safe Pro Corporate Executives
Elected by the shareholders, the Safe Pro's board of directors comprises two types of representatives: Safe Pro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Safe. The board's role is to monitor Safe Pro's management team and ensure that shareholders' interests are well served. Safe Pro'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, Safe Pro's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Theresa Carlise | Treasurer CFO | Profile |