Smart Sand Correlations

Stocks . Germany . 
Stock . Smart Sand
1SD Stock  EUR 4.12  0.02  0.48%   
The current 90-days correlation between Smart Sand and Australian Agricultural is -0.18 (i.e., Good diversification). The correlation of Smart Sand 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.

Smart Sand Correlation With Market

Very poor diversification

The correlation between Smart Sand and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Sand and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Smart Sand could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smart Sand 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 Smart Sand - 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 Smart Sand to buy it.

Moving together with Smart Stock

  0.79SSUN Samsung ElectronicsPairCorr
  0.78SSU Samsung ElectronicsPairCorr
  0.8SSU Samsung ElectronicsPairCorr
  0.77SSUN Samsung ElectronicsPairCorr
  0.732X0 CortevaPairCorr
  0.76GZF Engie SAPairCorr
  0.742MF MOBILE FACTORY INCPairCorr
  0.87WWR Woolworths GroupPairCorr
  0.865P8 Blue Foundry Bancorp Earnings Call This WeekPairCorr
  0.83943 FREY EO 250PairCorr
  0.81UEO Westlake ChemicalPairCorr
  0.78WDC WESTERN DIGITALPairCorr
  0.74CU3 Cohu IncPairCorr
  0.65IHF Safestore Holdings plcPairCorr
  0.72PKE Park Aerospace CorpPairCorr
  0.744OQ1 AGNC Investment CorpPairCorr
  0.88JUN3 Jungheinrich AG ONVZOPairCorr
  0.66YBB CARNAVALE RES SplitPairCorr
  0.69ENI Eni SpAPairCorr
  0.78SF SLIGRO FOOD GROUPPairCorr
  0.8NEF NESTE OILPairCorr

Moving against Smart Stock

  0.78BDD CONICO LTD SplitPairCorr
  0.77BYRA BANK RAKYAT IND Earnings Call TodayPairCorr
  0.73BZG2 BANK CENTRAL ASIAPairCorr
  0.6914D tokentus investmentPairCorr
  0.65BZG2 PT Bank CentralPairCorr
  0.51BZG2 BANK CENTRAL ASIAPairCorr
  0.49BYRA BANK RAKYAT IND Earnings Call TodayPairCorr
  0.64DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis


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

HAM
+ 0.69
A35
2WY
+ 0.61
CZH
CZH
+ 0.55
HAM
2WY
+ 0.55
HAM
HAM
+ 0.46
NUF
2WY
+ 0.41
A35
  

High negative correlations

CZH
- 0.6
AY5
UF2
- 0.48
A35
HAM
- 0.45
UF2
NUF
- 0.31
UF2
HAM
- 0.15
AY5
UF2
- 0.14
AY5

Risk-Adjusted Indicators

There is a big difference between Smart Stock performing well and Smart Sand 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 Smart Sand'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Smart Sand 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.

Did you try this?

Run Theme Ratings Now

   

Theme Ratings

Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

Smart Sand Corporate Management

Elected by the shareholders, the Smart Sand's board of directors comprises two types of representatives: Smart Sand inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Smart. The board's role is to monitor Smart Sand's management team and ensure that shareholders' interests are well served. Smart Sand'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, Smart Sand's outside directors are responsible for providing unbiased perspectives on the board's policies.
James JDGeneral VPProfile
William YoungChief OfficerProfile
Josh JayneF MangProfile
Andrew SpeakerCoChairman ProjectsProfile
Charles YoungCEO DirectorProfile
Lee BeckelmanChief OfficerProfile
James YoungGen VPProfile
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
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY