ShotSpotter Correlations

Stocks . Germany . 
Stock . ShotSpotter
918 Stock  EUR 14.30  0.10  0.69%   
The current 90-days correlation between ShotSpotter and Apple Inc is 0.17 (i.e., Average diversification). The correlation of ShotSpotter 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.

ShotSpotter Correlation With Market

Modest diversification

The correlation between ShotSpotter and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ShotSpotter and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ShotSpotter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ShotSpotter 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 ShotSpotter - 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 ShotSpotter to buy it.

Moving together with ShotSpotter Stock

  0.76GZFB ENGIE ADR1 EOPairCorr
  0.82LLD2 Lloyds Banking GroupPairCorr
  0.61NNN1 Tencent HoldingsPairCorr
  0.77RHM Rheinmetall AGPairCorr
  0.67KPN Koninklijke KPN NVPairCorr
  0.672RR Alibaba Group HoldingPairCorr
  0.86PRU Prudential plcPairCorr
  0.76GZF Engie SAPairCorr
  0.62CVS CVS Health CorpPairCorr
  0.68ENLA Enel SpAPairCorr
  0.61FCC Fomento de ConstruccionesPairCorr
  0.86TM2 Sydbank ASPairCorr
  0.79BZI Santander Bank PolskaPairCorr
  0.8XSFA SENECA FOODS APairCorr
  0.81YT2A ATRESMEDIAPairCorr

Moving against ShotSpotter Stock

  0.67MSF MicrosoftPairCorr
  0.66MSF MicrosoftPairCorr
  0.66MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.56W5E Peel Mining LimitedPairCorr
  0.54BBZA BB Biotech AGPairCorr
  0.54RNF Meteoric ResourcesPairCorr
  0.51BBZA BB Biotech AGPairCorr
  0.36APC Apple IncPairCorr
  0.34APC Apple IncPairCorr
  0.34APC Apple IncPairCorr
  0.34APC Apple IncPairCorr
  0.33APC Apple IncPairCorr
  0.33APC Apple IncPairCorr
  0.48432 ARBOR METALS PPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ShotSpotter Stock performing well and ShotSpotter 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 ShotSpotter'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  1.89 (0.31) 0.00 (0.35) 0.00 
 0.00 
 3.49 
(4.92)
 15.31 
APC  2.12 (0.23) 0.00 (0.22) 0.00 
 0.00 
 3.48 
(5.85)
 24.87 
APC  1.90 (0.28) 0.00 (0.33) 0.00 
 0.00 
 3.38 
(5.47)
 15.43 
APC  1.98 (0.28) 0.00 (0.28) 0.00 
 0.00 
 2.99 
(5.29)
 22.77 
APC  2.16 (0.27) 0.00 (0.25) 0.00 
 0.00 
 3.85 
(6.36)
 24.70 
APC  2.01 (0.25) 0.00 (0.24) 0.00 
 0.00 
 2.73 
(5.96)
 21.70 
MSF  1.39 (0.22) 0.00 (0.40) 0.00 
 0.00 
 2.84 
(3.12)
 10.50 
MSF  1.48 (0.19) 0.00 (0.28) 0.00 
 0.00 
 3.16 
(4.44)
 16.01 
MSF  1.47 (0.17) 0.00 (0.26) 0.00 
 0.00 
 3.29 
(3.62)
 14.61 
MSF  1.55 (0.18) 0.00 (0.30) 0.00 
 0.00 
 3.06 
(3.87)
 13.51 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ShotSpotter 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.

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ShotSpotter Corporate Management

Elected by the shareholders, the ShotSpotter's board of directors comprises two types of representatives: ShotSpotter inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ShotSpotter. The board's role is to monitor ShotSpotter's management team and ensure that shareholders' interests are well served. ShotSpotter'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, ShotSpotter's outside directors are responsible for providing unbiased perspectives on the board's policies.
Merline SaintilIndependent DirectorProfile
Nasim GolzadehSenior Vice President - Customer Support and Professional ServicesProfile
Randall HawksIndependent DirectorProfile
Paul AmesSenior Vice President - Products and TechnologyProfile
Thomas GroosIndependent DirectorProfile
Regan DavisVice President - Customer SuccessProfile
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