SP Global Correlations

Stocks . USA . 
Stock . SP Global
SPGI Stock  USD 521.29  1.68  0.32%   
The current 90-days correlation between SP Global and Nasdaq Inc is 0.89 (i.e., Very poor diversification). The correlation of SP Global 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.

SP Global Correlation With Market

Almost no diversification

The correlation between SP Global and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SP Global and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SPGI Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.

Moving together with SPGI Stock

  0.66CME CME GroupPairCorr
  0.73DNB Dun Bradstreet Holdings Sell-off TrendPairCorr
  0.69FDS FactSet Research SystemsPairCorr
  0.92ICE Intercontinental ExchangePairCorr
  0.98MCO MoodysPairCorr
  0.97MORN MorningstarPairCorr
  0.87MSCI MSCI IncPairCorr
  0.84NDAQ Nasdaq Inc Sell-off TrendPairCorr
  0.73CBOE Cboe Global Markets Low VolatilityPairCorr
  0.68COIN Coinbase Global TrendingPairCorr
  0.9C Citigroup Aggressive PushPairCorr
  0.84L Loews CorpPairCorr
  0.88V Visa Class APairCorr
  0.77DHIL Diamond Hill InvestmentPairCorr
  0.88AB AllianceBernsteinPairCorr
  0.82AC Associated CapitalPairCorr
  0.89AX Axos FinancialPairCorr
  0.86BK Bank of New YorkPairCorr
  0.88BN Brookfield CorpPairCorr
  0.85BX Blackstone Group Normal TradingPairCorr
  0.84BY Byline BancorpPairCorr
  0.82CG Carlyle Group Normal TradingPairCorr
  0.68CM Canadian Imperial Bank Sell-off TrendPairCorr
  0.84DB Deutsche Bank AG Sell-off TrendPairCorr
  0.87GS Goldman Sachs GroupPairCorr
  0.81HG Hamilton Insurance Group,PairCorr
  0.81IX Orix Corp AdsPairCorr
  0.69KB KB Financial GroupPairCorr
  0.69LC LendingClub CorpPairCorr

Moving against SPGI Stock

  0.41FG FG Annuities LifePairCorr
  0.39RM Regional Management Corp Normal TradingPairCorr
  0.38PT Pintec TechnologyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SPGI Stock performing well and SP Global 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 SP Global'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.

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