Spring Valley Correlations
| SVII Stock | USD 11.52 0.01 0.09% |
The correlation of Spring Valley 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.
Spring Valley Correlation With Market
Good diversification
The correlation between Spring Valley Acquisition and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spring Valley Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Spring |
Moving together with Spring Stock
Moving against Spring Stock
| 0.77 | SYF | Synchrony Financial | PairCorr |
| 0.76 | ORGN | Origin Materials | PairCorr |
| 0.74 | ECPG | Encore Capital Group | PairCorr |
| 0.62 | AXP | American Express | PairCorr |
| 0.58 | WD | Walker Dunlop | PairCorr |
| 0.86 | BITF | Bitfarms Buyout Trend | PairCorr |
| 0.86 | CODI | Compass Diversified | PairCorr |
| 0.78 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.74 | AX | Axos Financial | PairCorr |
| 0.69 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.58 | UPST | Upstart Holdings | PairCorr |
| 0.56 | DHIL | Diamond Hill Investment | PairCorr |
| 0.34 | APAM | Artisan Partners Asset | PairCorr |
| 0.86 | LC | LendingClub Corp | PairCorr |
| 0.85 | CM | Canadian Imperial Bank | PairCorr |
| 0.73 | BX | Blackstone Group | PairCorr |
| 0.64 | CG | Carlyle Group Normal Trading | PairCorr |
| 0.61 | BY | Byline Bancorp | PairCorr |
| 0.53 | BN | Brookfield Corp | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPCMU | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JAQCU | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WAVS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | XPAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NCAC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FLFV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GMFIU | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Spring Stock performing well and Spring Valley 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 Spring Valley'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPCMU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JAQCU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WAVS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XPAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NCAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FLFV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMFIU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Spring Valley Corporate Executives
Elected by the shareholders, the Spring Valley's board of directors comprises two types of representatives: Spring Valley inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spring. The board's role is to monitor Spring Valley's management team and ensure that shareholders' interests are well served. Spring Valley'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, Spring Valley's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Kaplan | CFO Development | Profile |