Spring Valley Correlations

SVIIR Stock

USD 0.14 0.05 59.27%

The current 90-days correlation between Spring Valley Acquisition and VivoPower International PLC is -0.06 (i.e., Good diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Spring Valley Correlation With Market

Average diversification

The correlation between Spring Valley Acquisition and DJI is 0.15 (i.e., Average 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.

Build AI portfolio with Spring Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spring Valley Acquisition. 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 Spring Stock

0.74	AQNB	Algonquin Power Utilities	Pair Corr
0.78	CMS-PC	CMS Energy Earnings Call This Week	Pair Corr
0.69	ELLO	Ellomay Capital	Pair Corr
0.79	ENLT	Enlight Renewable Energy	Pair Corr
0.63	BEP	Brookfield Renewable	Pair Corr

Moving against Spring Stock

0.52	ED	Consolidated Edison	Pair Corr
0.5	WTRG	Essential Utilities	Pair Corr
0.44	FE	FirstEnergy	Pair Corr
0.35	DUKB	Duke Energy Corp	Pair Corr
0.73	EDN	Empresa Distribuidora	Pair Corr
0.57	AWR	American States Water	Pair Corr
0.49	CWT	California Water Service	Pair Corr
0.47	EIX	Edison International Earnings Call This Week	Pair Corr
0.44	HTO	H2O America Symbol Change	Pair Corr
0.41	BKH	Black Hills	Pair Corr
0.37	EXC	Exelon	Pair Corr
0.36	FTS	Fortis Inc	Pair Corr
0.35	AVA	Avista	Pair Corr
0.32	CNP	CenterPoint Energy	Pair Corr

Related Correlations Analysis

	VVPR	DTW	SVIIR	D	ED	ES	FE	HE	NI	SO
VVPR		0.67	0.26	0.64	-0.63	0.81	-0.37	0.38	0.18	-0.05	VVPR
DTW	0.67		0.49	0.78	-0.66	0.82	-0.25	0.47	0.42	0.19	DTW
SVIIR	0.26	0.49		0.57	-0.52	0.42	-0.44	0.28	0.45	0.55	SVIIR
D	0.64	0.78	0.57		-0.72	0.88	-0.37	0.67	0.58	0.48	D
ED	-0.63	-0.66	-0.52	-0.72		-0.82	0.65	-0.56	-0.33	-0.06	ED
ES	0.81	0.82	0.42	0.88	-0.82		-0.46	0.63	0.42	0.14	ES
FE	-0.37	-0.25	-0.44	-0.37	0.65	-0.46		-0.19	-0.23	-0.18	FE
HE	0.38	0.47	0.28	0.67	-0.56	0.63	-0.19		0.26	0.19	HE
NI	0.18	0.42	0.45	0.58	-0.33	0.42	-0.23	0.26		0.7	NI
SO	-0.05	0.19	0.55	0.48	-0.06	0.14	-0.18	0.19	0.7		SO
	VVPR	DTW	SVIIR	D	ED	ES	FE	HE	NI	SO

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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

ES	+ 0.88	D
ES	+ 0.82	DTW
ES	+ 0.81	VVPR
D	+ 0.78	DTW
SO	+ 0.7	NI
DTW	+ 0.67	VVPR

High negative correlations

ES	- 0.82	ED
ED	- 0.72	D
ED	- 0.66	DTW
ED	- 0.63	VVPR
HE	- 0.56	ED
ED	- 0.52	SVIIR

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
VVPR	7.94	1.85	0.18	(19.07)	8.43	(9.98)	22.54	(11.48)	62.08
DTW	0.52	0.04	(0.10)	0.34	0.50	(0.58)	1.11	(0.81)	2.74
SVIIR	10.88	1.53	0.13	0.80	11.05	(13.75)	25.00	(20.00)	71.21
D	0.94	0.04	(0.01)	0.20	0.97	(1.04)	2.00	(1.75)	5.75
ED	0.93	(0.14)	0.00	(1.05)	0.00	0.00	2.19	(2.25)	6.03
ES	0.99	0.11	0.04	0.30	1.02	(1.00)	2.94	(1.92)	7.61
FE	0.71	(0.03)	(0.14)	(0.01)	0.91	(0.74)	1.24	(1.54)	5.32
HE	1.43	0.01	(0.01)	0.14	1.99	(1.43)	2.84	(3.31)	8.77
NI	0.91	0.01	(0.05)	0.16	1.19	(0.92)	2.15	(1.95)	6.03
SO	0.80	0.03	(0.06)	0.26	1.05	(0.80)	1.53	(1.89)	4.80

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

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