SpringBig Holdings Correlations
| SBIGWDelisted Stock | USD 0.01 0.01 36.51% |
The current 90-days correlation between SpringBig Holdings and SpringBig Holdings is 0.14 (i.e., Average diversification). The correlation of SpringBig Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.
SpringBig Holdings Correlation With Market
Good diversification
The correlation between SpringBig Holdings and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SpringBig Holdings and DJI in the same portfolio, assuming nothing else is changed.
SpringBig |
Moving together with SpringBig Stock
Moving against SpringBig Stock
| 0.69 | BL | Blackline | PairCorr |
| 0.69 | WK | Workiva | PairCorr |
| 0.69 | DOCU | DocuSign Sell-off Trend | PairCorr |
| 0.66 | VERX | Vertex | PairCorr |
| 0.65 | AZ | A2Z Smart Technologies | PairCorr |
| 0.65 | ZM | Zoom Video Communications | PairCorr |
| 0.61 | DSGX | Descartes Systems | PairCorr |
| 0.61 | DUOL | Duolingo | PairCorr |
| 0.59 | ML | MoneyLion | PairCorr |
| 0.58 | AI | C3 Ai Inc | PairCorr |
| 0.56 | DV | DoubleVerify Holdings | PairCorr |
| 0.54 | EB | Eventbrite Class A Buyout Trend | PairCorr |
| 0.53 | DJCO | Daily Journal Corp Earnings Call Tomorrow | PairCorr |
| 0.41 | PD | Pagerduty | PairCorr |
| 0.38 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.32 | ZI | ZoomInfo Technologies Sell-off Trend | PairCorr |
| 0.62 | DUOT | Duos Technologies Tech Boost | PairCorr |
| 0.58 | WFCF | Where Food Comes | PairCorr |
| 0.57 | EGAN | eGain | PairCorr |
| 0.57 | ESTC | Elastic NV | PairCorr |
| 0.56 | WDAY | Workday | PairCorr |
| 0.56 | EXFY | Expensify | PairCorr |
| 0.55 | VMEO | Vimeo Inc | PairCorr |
| 0.53 | EGHT | 8x8 Common Stock | PairCorr |
| 0.53 | ENFN | Enfusion | PairCorr |
| 0.31 | VTSI | VirTra Inc | PairCorr |
Related Correlations Analysis
| -0.39 | -0.44 | -0.18 | -0.32 | SBIG | ||
| -0.39 | 0.8 | -0.23 | 0.58 | DAVEW | ||
| -0.44 | 0.8 | -0.28 | 0.34 | SOUNW | ||
| -0.18 | -0.23 | -0.28 | -0.02 | SWVLW | ||
| -0.32 | 0.58 | 0.34 | -0.02 | MAPSW | ||
| 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 SpringBig Stock performing well and SpringBig 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 SpringBig 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBIG | 5.70 | (1.01) | 0.00 | (47.44) | 0.00 | 14.29 | 41.52 | |||
| DAVEW | 12.95 | 4.69 | 0.36 | (1.50) | 9.84 | 27.68 | 219.63 | |||
| SOUNW | 7.96 | 3.38 | 0.40 | (1.65) | 6.51 | 22.42 | 55.47 | |||
| SWVLW | 5.72 | 0.78 | 0.09 | (0.39) | 5.60 | 19.83 | 51.69 | |||
| MAPSW | 9.96 | 0.72 | 0.05 | (1.97) | 12.52 | 28.53 | 78.90 |
SpringBig Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SpringBig Holdings stock to make a market-neutral strategy. Peer analysis of SpringBig Holdings could also be used in its relative valuation, which is a method of valuing SpringBig Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SpringBig Holdings Corporate Management
| Jeffrey Harris | CEO CoFounder | Profile | |
| Levi Colinas | Senior Success | Profile | |
| Andrew Wei | Cofounder Engineering | Profile | |
| Nat Shaul | CoFounder Marketing | Profile | |
| Shana Zehr | Senior Finance | Profile | |
| Paul Sykes | Chief Officer | Profile | |
| Navin Anand | Chief Officer | Profile |
Still Interested in SpringBig Holdings?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.