Correlation Between Data Evolution and SpringBig Holdings

Can any of the company-specific risk be diversified away by investing in both Data Evolution and SpringBig Holdings at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Data Evolution and SpringBig Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Data Evolution Holdings and SpringBig Holdings, you can compare the effects of market volatilities on Data Evolution and SpringBig Holdings and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Data Evolution with a short position of SpringBig Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Data Evolution and SpringBig Holdings.

Diversification Opportunities for Data Evolution and SpringBig Holdings

0.0

Correlation Coefficient

Data Evolution  SpringBig Holdings

Pay attention - limited upside

The 3 months correlation between Data and SpringBig is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Data Evolution Holdings and SpringBig Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SpringBig Holdings and Data Evolution is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Data Evolution Holdings are associated (or correlated) with SpringBig Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SpringBig Holdings has no effect on the direction of Data Evolution i.e., Data Evolution and SpringBig Holdings go up and down completely randomly.

Pair Corralation between Data Evolution and SpringBig Holdings

If you would invest  0.01  in Data Evolution Holdings on September 7, 2025 and sell it today you would earn a total of  0.00  from holding Data Evolution Holdings or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.46%
Values	Daily Returns

Data Evolution Holdings  vs.  SpringBig Holdings

Data Evolution Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Data Evolution Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable technical and fundamental indicators, Data Evolution is not utilizing all of its potentials. The recent stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

SpringBig Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days SpringBig Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's forward indicators remain nearly stable which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Data Evolution and SpringBig Holdings

The main advantage of trading using opposite Data Evolution and SpringBig Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Data Evolution position performs unexpectedly, SpringBig Holdings can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SpringBig Holdings will offset losses from the drop in SpringBig Holdings' long position.

The idea behind Data Evolution Holdings and SpringBig Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.