Sprott Correlations

SII Stock

USD 70.84 0.91 1.27%

The current 90-days correlation between Sprott Inc and Diamond Hill Investment is -0.16 (i.e., Good diversification). The correlation of Sprott 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.

Sprott Correlation With Market

Very good diversification

The correlation between Sprott Inc and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sprott Stock

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

Moving together with Sprott Stock

0.91	VRTS	Virtus Investment	Pair Corr
0.92	FDUS	Fidus Investment Corp	Pair Corr
0.83	AXP	American Express	Pair Corr
0.79	BLX	Foreign Trade Bank	Pair Corr
0.89	PNNT	PennantPark Investment	Pair Corr
0.89	SEIC	SEI Investments	Pair Corr
0.73	SLRC	SLR Investment Corp	Pair Corr
0.92	SOFI	SoFi Technologies Earnings Call This Week	Pair Corr
0.97	CNNE	Cannae Holdings	Pair Corr
0.95	C	Citigroup Aggressive Push	Pair Corr
0.87	L	Loews Corp Earnings Call This Week	Pair Corr
0.86	DHIL	Diamond Hill Investment	Pair Corr
0.9	AX	Axos Financial Earnings Call This Week	Pair Corr
0.87	BK	Bank of New York	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Sell-off Trend	Pair Corr
0.92	CG	Carlyle Group Normal Trading	Pair Corr
0.95	CM	Canadian Imperial Bank	Pair Corr
0.87	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.95	GS	Goldman Sachs Group	Pair Corr
0.65	HG	Hamilton Insurance Group,	Pair Corr
0.94	IX	Orix Corp Ads	Pair Corr
0.93	KB	KB Financial Group	Pair Corr
0.86	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.87	MC	Moelis	Pair Corr
0.91	MS	Morgan Stanley	Pair Corr

Moving against Sprott Stock

0.8	AIHS	Senmiao Technology	Pair Corr
0.68	EG	Everest Group Earnings Call This Week	Pair Corr
0.56	FG	FG Annuities Life	Pair Corr
0.55	CB	Chubb	Pair Corr
0.76	LX	Lexinfintech Holdings Normal Trading	Pair Corr
0.33	TW	Tradeweb Markets	Pair Corr

Related Correlations Analysis

	IIM	DHIL	SPPP	GAM	NIE	TDW	NE	NBR	OII
IIM		-0.14	-0.52	-0.31	-0.24	-0.24	-0.21	-0.21	-0.22	IIM
DHIL	-0.14		0.83	0.92	0.92	0.89	0.79	0.53	0.77	DHIL
SPPP	-0.52	0.83		0.92	0.89	0.9	0.83	0.58	0.82	SPPP
GAM	-0.31	0.92	0.92		0.99	0.92	0.87	0.52	0.86	GAM
NIE	-0.24	0.92	0.89	0.99		0.91	0.86	0.5	0.87	NIE
TDW	-0.24	0.89	0.9	0.92	0.91		0.94	0.75	0.91	TDW
NE	-0.21	0.79	0.83	0.87	0.86	0.94		0.74	0.9	NE
NBR	-0.21	0.53	0.58	0.52	0.5	0.75	0.74		0.67	NBR
OII	-0.22	0.77	0.82	0.86	0.87	0.91	0.9	0.67		OII
	IIM	DHIL	SPPP	GAM	NIE	TDW	NE	NBR	OII

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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

NIE	+ 0.99	GAM
NE	+ 0.94	TDW
GAM	+ 0.92	DHIL
NIE	+ 0.92	DHIL
GAM	+ 0.92	SPPP
TDW	+ 0.92	GAM

High negative correlations

SPPP	- 0.52	IIM
GAM	- 0.31	IIM
TDW	- 0.24	IIM
NIE	- 0.24	IIM
OII	- 0.22	IIM
NBR	- 0.21	IIM

Risk-Adjusted Indicators

There is a big difference between Sprott Stock performing well and Sprott 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 Sprott'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
IIM	0.35	(0.06)	(0.45)	(0.03)	0.43	(0.36)	0.87	(0.60)	2.09
DHIL	1.08	0.04	0.03	0.24	1.11	(1.18)	2.87	(2.09)	6.75
SPPP	1.47	0.52	0.16	(1.59)	1.31	(1.76)	4.29	(2.76)	8.64
GAM	0.48	0.13	0.09	0.41	0.00	(0.56)	1.36	(0.70)	3.20
NIE	0.54	0.13	0.11	0.40	0.00	(0.69)	1.26	(0.71)	4.04
TDW	2.13	0.47	0.20	0.66	1.66	(2.24)	5.75	(3.61)	12.32
NE	1.92	0.40	0.18	0.65	1.60	(2.30)	4.65	(3.25)	11.80
NBR	3.73	0.01	0.03	0.21	4.25	(3.95)	7.65	(7.61)	17.51
OII	1.73	0.49	0.15	7.65	1.58	(2.09)	4.97	(3.32)	8.86

Sprott Corporate Management

Sharon Ranson	Non-Executive Independent Director	Profile
Edward Coyne	Senior Managing Director	Profile
Steve Yuzpe	Senior Managing Director, CEO of SRHI	Profile
PEng PE	Managing Sustainability	Profile
John CFA	Managing Director	Profile
Tim Sorensen	Managing Director, CEO of SCP	Profile

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