SmartFinancial, Correlations

SMBK Stock

USD 31.00 0.29 0.93%

The current 90-days correlation between SmartFinancial, and Community West Bancshares is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SmartFinancial, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartFinancial, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SmartFinancial, Correlation With Market

Poor diversification

The correlation between SmartFinancial, and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SmartFinancial, and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy SmartFinancial, Stock please use our How to buy in SmartFinancial, Stock guide.

Moving together with SmartFinancial, Stock

0.94	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.94	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.62	VABK	Virginia National	Pair Corr
0.74	VBFC	Village Bank	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.94	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.74	TECTP	Tectonic Financial	Pair Corr
0.84	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.72	ECBK	ECB Bancorp	Pair Corr
0.93	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.95	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.67	KEY-PL	KeyCorp	Pair Corr
0.97	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.69	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.7	BANC-PF	Banc of California	Pair Corr
0.95	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.82	ESSA	ESSA Bancorp	Pair Corr
0.82	EVBN	Evans Bancorp	Pair Corr
0.97	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.74	WSBCP	WesBanco	Pair Corr
0.9	WMPN	William Penn Bancorp	Pair Corr
0.62	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against SmartFinancial, Stock

0.61	CFG-PE	Citizens Financial	Pair Corr
0.48	TFC-PR	Truist Financial	Pair Corr
0.4	TFC-PO	Truist Financial	Pair Corr
0.79	SBNYL	Signature Bank	Pair Corr
0.71	WAFDP	Washington Federal	Pair Corr
0.71	FRCIL	First Republic Bank	Pair Corr
0.57	FRCCL	First Republic Bank	Pair Corr
0.57	FRCHL	First Republic Bank	Pair Corr
0.56	FRCKL	First Republic Bank	Pair Corr
0.56	FRCML	First Republic Bank	Pair Corr
0.51	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HFBL	HMNF	HVBC	LSBK	CWBC	FFNW	FNWB	FCAP	CULL	ISTR
HFBL		0.12	0.24	-0.14	0.01	-0.36	-0.03	-0.1	-0.14	-0.11	HFBL
HMNF	0.12		0.4	0.49	0.28	-0.59	-0.16	-0.53	-0.5	0.4	HMNF
HVBC	0.24	0.4		0.03	-0.07	-0.47	-0.37	-0.34	-0.54	0.14	HVBC
LSBK	-0.14	0.49	0.03		0.3	-0.15	-0.02	-0.33	-0.28	0.45	LSBK
CWBC	0.01	0.28	-0.07	0.3		-0.27	0.63	-0.79	-0.07	0.82	CWBC
FFNW	-0.36	-0.59	-0.47	-0.15	-0.27		0.28	0.5	0.48	-0.22	FFNW
FNWB	-0.03	-0.16	-0.37	-0.02	0.63	0.28		-0.37	0.15	0.44	FNWB
FCAP	-0.1	-0.53	-0.34	-0.33	-0.79	0.5	-0.37		0.38	-0.69	FCAP
CULL	-0.14	-0.5	-0.54	-0.28	-0.07	0.48	0.15	0.38		-0.3	CULL
ISTR	-0.11	0.4	0.14	0.45	0.82	-0.22	0.44	-0.69	-0.3		ISTR
	HFBL	HMNF	HVBC	LSBK	CWBC	FFNW	FNWB	FCAP	CULL	ISTR

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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

ISTR	+ 0.82	CWBC
FNWB	+ 0.63	CWBC
FCAP	+ 0.5	FFNW
LSBK	+ 0.49	HMNF
CULL	+ 0.48	FFNW
ISTR	+ 0.45	LSBK

High negative correlations

FCAP	- 0.79	CWBC
ISTR	- 0.69	FCAP
FFNW	- 0.59	HMNF
CULL	- 0.54	HVBC
FCAP	- 0.53	HMNF
CULL	- 0.5	HMNF

Risk-Adjusted Indicators

There is a big difference between SmartFinancial, Stock performing well and SmartFinancial, 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 SmartFinancial,'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
HFBL	1.64	0.07	0.02	0.16	2.39	(2.46)	4.70	(4.49)	17.43
HMNF	1.88	0.40	0.15	(4.88)	1.85	(2.37)	4.29	(3.19)	13.15
HVBC	1.51	0.36	0.11	(0.59)	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.29	0.09	0.02	0.45	1.62	(1.87)	3.69	(3.49)	11.07
CWBC	1.03	(0.04)	0.00	(0.12)	0.00	0.00	2.53	(2.16)	11.26
FFNW	0.67	(0.11)	0.00	(0.20)	0.00	0.00	1.36	(1.33)	4.32
FNWB	1.55	(0.08)	0.00	(0.06)	0.00	0.00	3.17	(2.82)	14.21
FCAP	1.50	(0.20)	0.00	(0.27)	0.00	0.00	2.94	(3.81)	10.68
CULL	0.51	(0.11)	0.00	0.70	0.00	0.00	1.18	(1.64)	4.73
ISTR	1.46	0.17	0.12	0.12	1.49	(1.75)	3.17	(2.60)	17.62

SmartFinancial, Corporate Executives

Elected by the shareholders, the SmartFinancial,'s board of directors comprises two types of representatives: SmartFinancial, inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SmartFinancial,. The board's role is to monitor SmartFinancial,'s management team and ensure that shareholders' interests are well served. SmartFinancial,'s inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SmartFinancial,'s outside directors are responsible for providing unbiased perspectives on the board's policies.

	Ronald CPA	Executive CFO	Profile
	Ronald Gorczynski	Executive CFO	Profile

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