Sprott Correlations

SII Stock

USD 83.98 2.25 2.75%

The current 90-days correlation between Sprott Inc and Patria Investments is 0.24 (i.e., Modest diversification). The correlation of Sprott 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.

Sprott Correlation With Market

Significant diversification

The correlation between Sprott Inc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sprott Stock

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

0.64	BBUC	Brookfield Business Corp	Pair Corr
0.74	BK	Bank of New York	Pair Corr
0.87	FT	Franklin Universal Closed	Pair Corr
0.8	TY	Tri Continental Closed	Pair Corr
0.61	WTL	WT Financial Group	Pair Corr
0.95	TEK	Tekcapital plc	Pair Corr
0.7	MEC	Morphic Ethical Equities	Pair Corr
0.85	VINP	Vinci Partners Inves	Pair Corr
0.83	BCBN	Base Carbon Earnings Call This Week	Pair Corr
0.79	OEQ	Orion Equities	Pair Corr
0.99	SII	Sprott Inc	Pair Corr

Moving against Sprott Stock

0.94	PX	P10 Inc Earnings Call Today	Pair Corr
0.62	DHIL	Diamond Hill Investment	Pair Corr
0.57	CG	Carlyle Group Earnings Call Today	Pair Corr
0.5	BX	Blackstone Group	Pair Corr
0.95	JLEN	JLEN Environmental Assets	Pair Corr
0.8	MNTN	Schiehallion	Pair Corr
0.79	VCTR	Victory Capital Holdings Earnings Call Today	Pair Corr
0.73	GCMGW	GCM Grosvenor	Pair Corr
0.64	SCGL	Sealand Capital Galaxy	Pair Corr
0.57	PNI	Pinnacle Investment	Pair Corr
0.52	MFG	Magellan Financial	Pair Corr
0.5	ALAB-P	A Labs Capital	Pair Corr
0.56	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	PAX	GCMG	ECC	BBT	BUR	WT	TSLX	OAK-PB	TY	OAK-PA
PAX		-0.33	-0.3	-0.35	-0.65	0.0	-0.4	0.76	0.75	0.8	PAX
GCMG	-0.33		0.62	0.73	0.86	0.66	0.84	-0.13	-0.51	-0.4	GCMG
ECC	-0.3	0.62		0.72	0.6	0.53	0.59	0.13	-0.2	-0.12	ECC
BBT	-0.35	0.73	0.72		0.6	0.28	0.73	-0.16	-0.4	-0.39	BBT
BUR	-0.65	0.86	0.6	0.6		0.61	0.77	-0.42	-0.74	-0.62	BUR
WT	0.0	0.66	0.53	0.28	0.61		0.36	0.2	-0.19	0.03	WT
TSLX	-0.4	0.84	0.59	0.73	0.77	0.36		-0.24	-0.57	-0.5	TSLX
OAK-PB	0.76	-0.13	0.13	-0.16	-0.42	0.2	-0.24		0.73	0.86	OAK-PB
TY	0.75	-0.51	-0.2	-0.4	-0.74	-0.19	-0.57	0.73		0.88	TY
OAK-PA	0.8	-0.4	-0.12	-0.39	-0.62	0.03	-0.5	0.86	0.88		OAK-PA
	PAX	GCMG	ECC	BBT	BUR	WT	TSLX	OAK-PB	TY	OAK-PA

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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

OAK-PA	+ 0.88	TY
BUR	+ 0.86	GCMG
OAK-PA	+ 0.86	OAK-PB
TSLX	+ 0.84	GCMG
OAK-PA	+ 0.8	PAX
TSLX	+ 0.77	BUR

High negative correlations

TY	- 0.74	BUR
BUR	- 0.65	PAX
OAK-PA	- 0.62	BUR
TY	- 0.57	TSLX
TY	- 0.51	GCMG
OAK-PA	- 0.5	TSLX

Risk-Adjusted Indicators

There is a big difference between Sprott Stock performing well and Sprott 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 Sprott'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
PAX	1.10	0.06	0.04	0.15	1.27	(1.14)	2.49	(2.19)	6.23
GCMG	0.76	(0.07)	0.00	(0.07)	0.00	0.00	1.86	(1.44)	7.82
ECC	1.64	(0.16)	0.00	(0.09)	0.00	0.00	2.98	(4.02)	14.76
BBT	1.33	(0.02)	0.00	0.08	1.57	(1.58)	4.28	(2.11)	11.42
BUR	1.65	(0.58)	0.00	(0.25)	0.00	0.00	3.49	(4.45)	15.16
WT	1.38	(0.24)	0.00	(0.08)	0.00	0.00	2.88	(2.50)	7.35
TSLX	0.94	(0.18)	0.00	(0.11)	0.00	0.00	1.63	(2.41)	6.72
OAK-PB	0.48	0.01	(0.12)	0.14	0.51	(0.55)	1.16	(0.86)	2.78
TY	0.35	0.02	(0.03)	0.13	0.37	(0.39)	0.79	(0.71)	3.00
OAK-PA	0.51	0.00	(0.08)	0.10	0.70	(0.50)	1.15	(1.21)	3.19

Sprott Corporate Management

Sharon Ranson	Non-Executive Independent Director	Profile
Edward Coyne	Senior Managing Director	Profile
Steve Yuzpe	Senior Managing Director, CEO of SRHI	Profile
PEng PE	Managing Sustainability	Profile
John CFA	Managing Director	Profile
Tim Sorensen	Managing Director, CEO of SCP	Profile

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