CRMT vs SPKL: Correlation
How closely do America's Car-Mart, Inc. (CRMT) and Spark I Acquisition Corp. - Class A (SPKL) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMT and SPKL?
Across a 3-year window, the weekly returns of CRMT and SPKL correlate at -0.41, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.50 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -394.0 %².
Among the 13 assets we track against CRMT, SPKL sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months SPKL outperformed by 100.6 percentage points (-95.1% for CRMT against +5.5% for SPKL). One caveat on sizing: CRMT is 6.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRMT vs SPKL: side by side
| CRMT (America's Car-Mart, Inc.) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | -95.1% | +5.5% |
| 5-year return | -98.2% | n/a |
| Volatility (ann.) | 78.3% | 11.9% |
| Beta vs S&P 500 | 1.85 | 0.07 |
| Max drawdown (3Y) | -98.2% | -15.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMT | SPKL |
|---|---|---|
| 2022 | -29.4% | – |
| 2023 | +4.9% | – |
| 2024 | -32.4% | +4.9% |
| 2025 | -50.7% | +7.4% |
| 2026 | -90.9% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMT and SPKL good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRMT and SPKL?
As of 2026-08-27, the correlation of weekly returns between CRMT and SPKL is -0.41 over 3 years, -0.50 over 1 year and n/a over 5 years.
Is SPKL a good diversifier for CRMT?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
A reading of -0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CRMT correlations · SPKL correlations
