SMC Corp Correlations

SMECF Stock

USD 401.11 5.41 1.37%

The current 90-days correlation between SMC Corp and Shapeways Holdings, Common is -0.02 (i.e., Good diversification). The correlation of SMC Corp 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.

SMC Corp Correlation With Market

Average diversification

The correlation between SMC Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMC Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SMC Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMC Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SMC Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SMC Corp to buy it.

Moving against SMC Pink Sheet

0.46	SZKMF	Suzuki Motor	Pair Corr
0.49	CTRN	Citi Trends	Pair Corr
0.46	WBA	Walgreens Boots Alliance	Pair Corr
0.45	CISO	Cerberus Cyber Sentinel	Pair Corr
0.44	DYAI	Dyadic International	Pair Corr
0.38	SMLR	Semler Scientific	Pair Corr
0.33	SUM	Summit Materials	Pair Corr
0.53	BKV	BKV Corporation	Pair Corr
0.42	GBXI	GBX International	Pair Corr
0.38	TEVA	Teva Pharma Industries Trending	Pair Corr
0.38	ZENV	Zenvia Inc	Pair Corr
0.37	INVZ	Innoviz Technologies Buyout Trend	Pair Corr
0.33	PSQH	PSQ Holdings	Pair Corr

Related Correlations Analysis

	SHPW	JCSE	GTEC	LASE	BURU	RCIT	OFLX	LXFR	HURC
SHPW		0.02	-0.13	-0.02	0.86	-0.06	-0.01	-0.1	0.28	SHPW
JCSE	0.02		-0.25	-0.13	0.07	-0.14	-0.41	-0.15	-0.14	JCSE
GTEC	-0.13	-0.25		-0.06	0.03	0.32	0.56	-0.02	0.08	GTEC
LASE	-0.02	-0.13	-0.06		0.15	0.48	0.06	-0.59	-0.46	LASE
BURU	0.86	0.07	0.03	0.15		0.15	0.02	-0.39	0.13	BURU
RCIT	-0.06	-0.14	0.32	0.48	0.15		0.45	-0.26	0.14	RCIT
OFLX	-0.01	-0.41	0.56	0.06	0.02	0.45		0.32	0.3	OFLX
LXFR	-0.1	-0.15	-0.02	-0.59	-0.39	-0.26	0.32		0.59	LXFR
HURC	0.28	-0.14	0.08	-0.46	0.13	0.14	0.3	0.59		HURC
	SHPW	JCSE	GTEC	LASE	BURU	RCIT	OFLX	LXFR	HURC

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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

BURU	+ 0.86	SHPW
HURC	+ 0.59	LXFR
OFLX	+ 0.56	GTEC
RCIT	+ 0.48	LASE
OFLX	+ 0.45	RCIT
RCIT	+ 0.32	GTEC

High negative correlations

LXFR	- 0.59	LASE
HURC	- 0.46	LASE
OFLX	- 0.41	JCSE
LXFR	- 0.39	BURU
LXFR	- 0.26	RCIT
GTEC	- 0.25	JCSE

Risk-Adjusted Indicators

There is a big difference between SMC Pink Sheet performing well and SMC Corp 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 SMC Corp'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
SHPW	34.67	13.80	0.00	2.45	0.00	0.00	100.00	(50.00)	980.00
JCSE	6.39	0.79	0.10	(0.46)	6.97	(9.20)	9.17	(11.11)	91.57
GTEC	3.24	(0.31)	0.00	(2.47)	0.00	0.00	7.72	(6.69)	19.88
LASE	9.16	0.44	0.04	0.16	11.74	(10.60)	13.74	(22.07)	119.41
BURU	11.68	2.11	0.14	(1.51)	11.71	(16.85)	22.22	(18.87)	166.30
RCIT	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.22	(1.76)	5.40
OFLX	1.53	(0.31)	0.00	(0.17)	0.00	0.00	3.44	(2.71)	11.71
LXFR	1.72	0.07	0.04	0.09	1.70	(2.20)	3.46	(2.97)	18.80
HURC	1.79	0.05	0.02	0.07	1.87	(2.04)	4.27	(3.00)	21.98

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Our tools can tell you how much better you can do entering a position in SMC Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SMC Corp Corporate Management

Yoshitada Doi	Vice Officer	Profile
Toshio Isoe	GM Officer	Profile
Masahiro Ota	GM Officer	Profile
Susumu Maruyama	Ex Director	Profile
Samuel Neff	Ex Director	Profile
Kelley Stacy	Ex Director	Profile

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