Sobr Safe Correlations

SOBR Stock

USD 4.39 0.06 1.39%

The current 90-days correlation between Sobr Safe and bioAffinity Technologies, is 0.09 (i.e., Significant diversification). The correlation of Sobr Safe 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.

Sobr Safe Correlation With Market

Average diversification

The correlation between Sobr Safe and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sobr Safe and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sobr Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sobr Safe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.

Moving together with Sobr Stock

0.76	WATT	Energous	Pair Corr
0.67	MVIS	Microvision	Pair Corr
0.67	U	Unity Software	Pair Corr
0.7	DQ	Daqo New Energy Earnings Call This Week	Pair Corr

Moving against Sobr Stock

0.72	GB	Global Blue Group	Pair Corr
0.6	IT	Gartner	Pair Corr
0.44	ACFN	Acorn Energy, Common Tech Boost	Pair Corr
0.38	ODYS	Odysightai Common Stock	Pair Corr
0.38	SOTK	Sono Tek Corp	Pair Corr

Related Correlations Analysis

	AWIN	BIAF	BKSY	ILAG	LASE	MIND	MKSI	SUNE	SVRE	VRAX
AWIN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AWIN
BIAF	0.0		-0.19	-0.26	0.3	-0.17	-0.44	0.65	0.5	0.15	BIAF
BKSY	0.0	-0.19		0.67	0.26	0.75	0.88	-0.52	-0.77	-0.46	BKSY
ILAG	0.0	-0.26	0.67		-0.24	0.48	0.69	-0.48	-0.8	-0.74	ILAG
LASE	0.0	0.3	0.26	-0.24		0.11	0.05	0.29	0.28	0.44	LASE
MIND	0.0	-0.17	0.75	0.48	0.11		0.68	-0.37	-0.54	-0.5	MIND
MKSI	0.0	-0.44	0.88	0.69	0.05	0.68		-0.73	-0.88	-0.44	MKSI
SUNE	0.0	0.65	-0.52	-0.48	0.29	-0.37	-0.73		0.77	0.33	SUNE
SVRE	0.0	0.5	-0.77	-0.8	0.28	-0.54	-0.88	0.77		0.64	SVRE
VRAX	0.0	0.15	-0.46	-0.74	0.44	-0.5	-0.44	0.33	0.64		VRAX
	AWIN	BIAF	BKSY	ILAG	LASE	MIND	MKSI	SUNE	SVRE	VRAX

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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

MKSI	+ 0.88	BKSY
SVRE	+ 0.77	SUNE
MIND	+ 0.75	BKSY
MKSI	+ 0.69	ILAG
MKSI	+ 0.68	MIND
ILAG	+ 0.67	BKSY

High negative correlations

SVRE	- 0.88	MKSI
SVRE	- 0.8	ILAG
SVRE	- 0.77	BKSY
VRAX	- 0.74	ILAG
SUNE	- 0.73	MKSI
SVRE	- 0.54	MIND

Risk-Adjusted Indicators

There is a big difference between Sobr Stock performing well and Sobr Safe 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 Sobr Safe'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
AWIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIAF	7.99	0.22	0.00	7.37	10.17	(10.38)	17.24	(15.56)	65.80
BKSY	4.71	1.42	0.34	0.88	3.77	(5.43)	13.61	(5.78)	47.23
ILAG	5.06	0.99	0.05	(0.40)	6.58	(6.39)	10.64	(10.00)	52.34
LASE	4.67	0.07	0.04	0.27	5.41	(5.15)	13.39	(9.56)	38.35
MIND	3.58	0.31	0.16	0.39	2.88	(4.67)	7.74	(4.80)	37.29
MKSI	2.41	0.25	0.27	0.34	1.70	(3.07)	6.25	(3.43)	18.27
SUNE	4.19	(0.42)	0.00	0.37	0.00	0.00	8.64	(9.73)	30.25
SVRE	6.60	(1.07)	0.00	(0.70)	0.00	0.00	15.34	(14.68)	59.01
VRAX	3.24	(0.16)	0.01	0.14	4.03	(3.52)	6.25	(6.45)	24.63

Sobr Safe Corporate Management

Gerard Wenzel	Chief Officer	Profile
Christopher Whitaker	Chief Officer	Profile
Michael Watson	Chief Marketing	Profile
Scott Bennett	Executive Operations	Profile

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