Spok Holdings Correlations

SPOK Stock

USD 16.54 0.38 2.25%

The current 90-days correlation between Spok Holdings and National Research Corp is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spok Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spok Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Spok Holdings Correlation With Market

Weak diversification

The correlation between Spok Holdings and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spok Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Spok Stock please use our How to buy in Spok Stock guide.

Moving together with Spok Stock

0.63	T	ATT Inc Aggressive Push	Pair Corr
0.61	IQ	iQIYI Inc	Pair Corr
0.66	SE	Sea	Pair Corr
0.65	TU	Telus Corp	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.68	WB	Weibo Corp	Pair Corr
0.69	ZH	Zhihu Inc ADR	Pair Corr

Moving against Spok Stock

0.47	TC	TuanChe ADR	Pair Corr
0.54	WBTN	WEBTOON Entertainment	Pair Corr
0.41	WIMI	WiMi Hologram Cloud	Pair Corr
0.31	DRCT	Direct Digital Holdings	Pair Corr

Related Correlations Analysis

	FORA	STRM	NRC	HQY	NXGN	DH	EVH	SLP	PRVA	RNLX
FORA		0.19	-0.26	0.71	0.0	0.74	-0.49	0.7	0.74	0.0	FORA
STRM	0.19		-0.54	0.27	0.0	0.16	-0.51	0.27	0.18	0.0	STRM
NRC	-0.26	-0.54		-0.3	0.0	-0.19	0.56	-0.13	-0.33	0.0	NRC
HQY	0.71	0.27	-0.3		0.0	0.77	-0.54	0.82	0.86	0.0	HQY
NXGN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NXGN
DH	0.74	0.16	-0.19	0.77	0.0		-0.47	0.87	0.84	0.0	DH
EVH	-0.49	-0.51	0.56	-0.54	0.0	-0.47		-0.54	-0.6	0.0	EVH
SLP	0.7	0.27	-0.13	0.82	0.0	0.87	-0.54		0.79	0.0	SLP
PRVA	0.74	0.18	-0.33	0.86	0.0	0.84	-0.6	0.79		0.0	PRVA
RNLX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RNLX
	FORA	STRM	NRC	HQY	NXGN	DH	EVH	SLP	PRVA	RNLX

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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

SLP	+ 0.87	DH
PRVA	+ 0.86	HQY
PRVA	+ 0.84	DH
SLP	+ 0.82	HQY
PRVA	+ 0.79	SLP
DH	+ 0.77	HQY

High negative correlations

PRVA	- 0.6	EVH
SLP	- 0.54	EVH
EVH	- 0.54	HQY
NRC	- 0.54	STRM
EVH	- 0.51	STRM
EVH	- 0.49	FORA

Risk-Adjusted Indicators

There is a big difference between Spok Stock performing well and Spok Holdings 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 Spok Holdings' 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
FORA	3.15	0.24	0.05	0.85	4.36	(3.59)	5.98	(6.48)	48.14
STRM	4.22	0.21	0.04	(0.23)	5.08	(4.87)	10.54	(8.70)	33.52
NRC	1.93	(0.31)	0.00	(0.27)	0.00	0.00	3.81	(3.35)	16.14
HQY	1.22	0.05	0.03	0.08	1.76	(1.17)	2.27	(2.56)	7.20
NXGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DH	2.45	0.35	0.13	0.31	2.37	(3.23)	6.80	(4.46)	17.13
EVH	2.61	(0.30)	0.00	(10.05)	0.00	0.00	4.55	(7.87)	19.42
SLP	2.00	0.19	0.06	0.11	2.73	(2.18)	4.43	(3.86)	20.23
PRVA	1.56	0.22	0.10	0.17	1.89	(1.61)	3.86	(3.37)	9.28
RNLX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Spok Holdings Corporate Management

Steve Pennington	VP Marketing	Profile
Renee Hall	Chief Administration	Profile
Calvin Rice	Chief Officer	Profile
Michael CPA	Chief Officer	Profile
RN MSN	Chief Officer	Profile

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