SP Global Correlations

SPGI Stock

USD 548.44 0.89 0.16%

The current 90-days correlation between SP Global and Nasdaq Inc is 0.42 (i.e., Very weak diversification). The correlation of SP Global 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.

SP Global Correlation With Market

Very weak diversification

The correlation between SP Global and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SP Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPGI Stock

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

For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.

Moving together with SPGI Stock

0.64	DNB	Dun Bradstreet Holdings	Pair Corr
0.91	MCO	Moodys	Pair Corr
0.89	NDAQ	Nasdaq Inc	Pair Corr
0.87	CBOE	Cboe Global Markets	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.86	L	Loews Corp	Pair Corr
0.82	AX	Axos Financial	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.71	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.8	BX	Blackstone Group	Pair Corr
0.84	CG	Carlyle Group	Pair Corr
0.72	CM	Canadian Imperial Bank	Pair Corr
0.92	DB	Deutsche Bank AG	Pair Corr
0.7	FG	FG Annuities Life	Pair Corr
0.87	GL	Globe Life	Pair Corr
0.8	GS	Goldman Sachs Group	Pair Corr
0.68	HG	Hamilton Insurance Group,	Pair Corr
0.87	IX	Orix Corp Ads	Pair Corr
0.91	LC	LendingClub Corp	Pair Corr

Moving against SPGI Stock

0.87	MORN	Morningstar	Pair Corr
0.79	FDS	FactSet Research Systems	Pair Corr
0.69	CB	Chubb	Pair Corr
0.62	AC	Associated Capital	Pair Corr
0.61	V	Visa Class A	Pair Corr
0.31	QMCI	Quotemedia	Pair Corr
0.73	XP	Xp Inc Normal Trading	Pair Corr
0.65	LX	Lexinfintech Holdings	Pair Corr
0.58	TW	Tradeweb Markets	Pair Corr
0.5	WU	Western Union	Pair Corr
0.48	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.33	PB	Prosperity Bancshares	Pair Corr

Related Correlations Analysis

	MSCI	NDAQ	ICE	CME	MCO	FDS
MSCI		-0.02	-0.1	-0.01	0.15	0.25	MSCI
NDAQ	-0.02		0.61	0.04	0.9	-0.78	NDAQ
ICE	-0.1	0.61		0.57	0.54	-0.18	ICE
CME	-0.01	0.04	0.57		0.13	0.22	CME
MCO	0.15	0.9	0.54	0.13		-0.66	MCO
FDS	0.25	-0.78	-0.18	0.22	-0.66		FDS
	MSCI	NDAQ	ICE	CME	MCO	FDS

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

MCO	+ 0.9	NDAQ
ICE	+ 0.61	NDAQ
CME	+ 0.57	ICE
MCO	+ 0.54	ICE
FDS	+ 0.25	MSCI
FDS	+ 0.22	CME

High negative correlations

FDS	- 0.78	NDAQ
FDS	- 0.66	MCO
FDS	- 0.18	ICE
ICE	- 0.1	MSCI
NDAQ	- 0.02	MSCI
CME	- 0.01	MSCI

Risk-Adjusted Indicators

There is a big difference between SPGI Stock performing well and SP Global 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 SP Global'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
MSCI	1.01	(0.08)	(0.04)	0.02	1.94	(0.94)	2.35	(2.24)	12.62
NDAQ	0.71	0.16	0.12	0.46	0.54	(0.80)	1.60	(1.20)	7.00
ICE	0.63	(0.04)	0.00	(0.05)	0.00	0.00	1.12	(1.15)	3.88
CME	0.79	(0.08)	0.00	0.53	0.00	0.00	1.25	(1.94)	5.71
MCO	0.82	(0.04)	(0.02)	0.08	0.90	(0.87)	1.75	(1.50)	5.58
FDS	0.99	(0.38)	0.00	(0.47)	0.00	0.00	1.32	(2.18)	6.38

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC