Sphere 3D Correlations
| ANY Stock | USD 0.86 0.19 18.10% |
The current 90-days correlation between Sphere 3D Corp and DatChat is 0.11 (i.e., Average diversification). The correlation of Sphere 3D 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.
Sphere 3D Correlation With Market
Modest diversification
The correlation between Sphere 3D Corp and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sphere 3D Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Sphere Stock
| 0.81 | BB | BlackBerry | PairCorr |
| 0.81 | ZS | Zscaler | PairCorr |
| 0.86 | GETB | GetBusy PLC | PairCorr |
| 0.8 | NBIS | Nebius Group NV | PairCorr |
| 0.65 | ORCL | Oracle | PairCorr |
| 0.66 | OSPN | OneSpan | PairCorr |
Moving against Sphere Stock
| 0.84 | 300311 | Surfilter Network | PairCorr |
| 0.76 | PRO | Prophecy International | PairCorr |
| 0.74 | XTKG | X3 Holdings Tech Boost | PairCorr |
| 0.72 | 300379 | Beijing Tongtech | PairCorr |
| 0.6 | 002439 | Beijing Venustech | PairCorr |
| 0.51 | OS | OneStream, Class A | PairCorr |
| 0.48 | RPD | Rapid7 Inc | PairCorr |
| 0.38 | IVDA | Iveda Solutions | PairCorr |
| 0.82 | 600271 | Aisino Corp | PairCorr |
| 0.77 | 300365 | Beijing Forever Tech | PairCorr |
| 0.59 | 300369 | Nsfocus Information | PairCorr |
| 0.51 | RBRK | Rubrik, | PairCorr |
| 0.44 | LSPD | Lightspeed Commerce | PairCorr |
Related Correlations Analysis
| -0.75 | 0.49 | 0.65 | -0.59 | 0.39 | DATS | ||
| -0.75 | -0.26 | -0.38 | 0.47 | -0.05 | MRIN | ||
| 0.49 | -0.26 | 0.81 | -0.2 | 0.83 | FRGT | ||
| 0.65 | -0.38 | 0.81 | -0.37 | 0.81 | AUUD | ||
| -0.59 | 0.47 | -0.2 | -0.37 | -0.2 | BBIG | ||
| 0.39 | -0.05 | 0.83 | 0.81 | -0.2 | ATER | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sphere Stock performing well and Sphere 3D 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 Sphere 3D'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DATS | 3.92 | (0.33) | 0.00 | (0.52) | 0.00 | 7.81 | 29.69 | |||
| MRIN | 5,622 | 2,852 | 219.42 | 30.07 | 0.00 | 69.41 | 188,375 | |||
| FRGT | 3.29 | (0.90) | 0.00 | (0.38) | 0.00 | 5.67 | 23.86 | |||
| AUUD | 5.17 | (1.25) | 0.00 | (0.45) | 0.00 | 10.19 | 32.15 | |||
| BBIG | 20.64 | 6.16 | 0.11 | (0.79) | 17.51 | 100.00 | 150.00 | |||
| ATER | 2.60 | (0.31) | 0.00 | 0.66 | 0.00 | 5.05 | 32.04 |
Sphere 3D Corporate Executives
Elected by the shareholders, the Sphere 3D's board of directors comprises two types of representatives: Sphere 3D inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sphere. The board's role is to monitor Sphere 3D's management team and ensure that shareholders' interests are well served. Sphere 3D'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, Sphere 3D's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kurt Kalbfleisch | CFO and Sr. VP | Profile |