| SPRU Stock | | | 2.88 0.05 1.71% |
The current 90-days correlation between Spruce Power Holding and Nano Labs is 0.1 (i.e., Average diversification). The correlation of Spruce Power 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.
Spruce Power Correlation With Market
Modest diversification
The correlation between Spruce Power Holding and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spruce Power Holding and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Spruce Stock
Moving against Spruce Stock
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Spruce Power Corporate Management