Correlation Between My Screen and SpringBig Holdings

Can any of the company-specific risk be diversified away by investing in both My Screen 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 My Screen and SpringBig Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between My Screen Mobile and SpringBig Holdings, you can compare the effects of market volatilities on My Screen 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 My Screen with a short position of SpringBig Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of My Screen and SpringBig Holdings.

Diversification Opportunities for My Screen and SpringBig Holdings

0.0

Correlation Coefficient

My Screen  SpringBig Holdings

Pay attention - limited upside

The 3 months correlation between MYSL and SpringBig is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding My Screen Mobile and SpringBig Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SpringBig Holdings and My Screen 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 My Screen Mobile 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 My Screen i.e., My Screen and SpringBig Holdings go up and down completely randomly.

Pair Corralation between My Screen and SpringBig Holdings

If you would invest  2.50  in SpringBig Holdings on August 19, 2025 and sell it today you would earn a total of  0.00  from holding SpringBig Holdings or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

My Screen Mobile  vs.  SpringBig Holdings

My Screen Mobile

Risk-Adjusted Performance

Weakest

Over the last 90 days My Screen Mobile has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, My Screen is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors.

SpringBig Holdings

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in SpringBig Holdings are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile forward indicators, SpringBig Holdings reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with My Screen and SpringBig Holdings

The main advantage of trading using opposite My Screen and SpringBig Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if My Screen 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 My Screen Mobile 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.