Smith AO Correlations

AOS Stock

USD 78.98 0.87 1.11%

The current 90-days correlation between Smith AO and Watts Water Technologies is 0.6 (i.e., Poor diversification). The correlation of Smith AO 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.

Smith AO Correlation With Market

Very poor diversification

The correlation between Smith AO and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smith AO and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Smith Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Smith AO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Smith Stock please use our How to Invest in Smith AO guide.

Moving together with Smith Stock

0.93	NX	Quanex Building Products	Pair Corr
0.87	OC	Owens Corning	Pair Corr
0.78	GWA	GWA Group	Pair Corr
0.74	52SA	SYSTEMAIR AB	Pair Corr
0.86	FBIN	Fortune Brands Innov	Pair Corr
0.7	APT	Alpha Pro Tech	Pair Corr
0.68	CNR	Core Natural Resources	Pair Corr
0.92	GFF	Griffon	Pair Corr
0.73	LII	Lennox International	Pair Corr
0.88	MAS	Masco Earnings Call This Week	Pair Corr
0.89	SSD	Simpson Manufacturing Earnings Call This Week	Pair Corr
0.82	WMS	Advanced Drainage Systems	Pair Corr
0.79	ZEHN	Zehnder	Pair Corr
0.92	IIIN	Insteel Industries	Pair Corr
0.82	FORN	Forbo Holding AG	Pair Corr
0.71	ALPJT	Poujoulat SA	Pair Corr
0.94	PATK	Patrick Industries	Pair Corr
0.64	ALLE	Allegion PLC	Pair Corr

Moving against Smith Stock

0.77	NCL	Northann Corp	Pair Corr
0.75	JCTC	Jewett Cameron Trading	Pair Corr
0.51	2VI	Arlo Technologies	Pair Corr
0.82	TRNR	Interactive Strength	Pair Corr
0.72	ORBS	Eightco Holdings Symbol Change	Pair Corr
0.72	TGEN	Tecogen	Pair Corr
0.59	MSAI	Infrared Cameras Holdings	Pair Corr
0.43	CAPT	Captivision Ordinary	Pair Corr
0.31	BRK-A	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	WTS	FLS	DCI	GNRC	RRX	POOL	SPXC	PSN	AIT	GTLS
WTS		0.93	0.94	0.62	0.87	0.66	0.27	-0.38	0.85	0.7	WTS
FLS	0.93		0.95	0.77	0.89	0.7	0.34	-0.34	0.85	0.66	FLS
DCI	0.94	0.95		0.69	0.88	0.64	0.24	-0.41	0.84	0.78	DCI
GNRC	0.62	0.77	0.69		0.64	0.78	0.61	0.08	0.56	0.26	GNRC
RRX	0.87	0.89	0.88	0.64		0.51	0.29	-0.37	0.79	0.63	RRX
POOL	0.66	0.7	0.64	0.78	0.51		0.54	0.23	0.65	0.2	POOL
SPXC	0.27	0.34	0.24	0.61	0.29	0.54		0.27	0.33	-0.17	SPXC
PSN	-0.38	-0.34	-0.41	0.08	-0.37	0.23	0.27		-0.38	-0.64	PSN
AIT	0.85	0.85	0.84	0.56	0.79	0.65	0.33	-0.38		0.62	AIT
GTLS	0.7	0.66	0.78	0.26	0.63	0.2	-0.17	-0.64	0.62		GTLS
	WTS	FLS	DCI	GNRC	RRX	POOL	SPXC	PSN	AIT	GTLS

Please upgrade your account to get full access to Macroaxis premium features

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

DCI	+ 0.95	FLS
DCI	+ 0.94	WTS
FLS	+ 0.93	WTS
RRX	+ 0.89	FLS
RRX	+ 0.88	DCI
RRX	+ 0.87	WTS

High negative correlations

GTLS	- 0.64	PSN
PSN	- 0.41	DCI
AIT	- 0.38	PSN
PSN	- 0.38	WTS
PSN	- 0.37	RRX
PSN	- 0.34	FLS

Risk-Adjusted Indicators

There is a big difference between Smith Stock performing well and Smith AO 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 Smith AO'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
WTS	1.15	0.15	0.11	0.20	1.36	(1.33)	2.85	(1.61)	9.37
FLS	1.25	0.15	0.14	0.18	1.19	(1.45)	2.46	(2.28)	5.39
DCI	1.23	0.32	0.29	0.42	0.74	(1.48)	2.43	(1.74)	9.29
GNRC	2.34	0.02	0.04	0.09	3.08	(2.31)	4.89	(4.80)	10.93
RRX	2.15	0.58	0.28	0.47	1.67	(2.60)	5.90	(3.75)	11.58
POOL	1.29	(0.05)	(0.02)	0.04	1.26	(1.52)	3.12	(1.92)	6.97
SPXC	1.51	(0.04)	(0.01)	0.05	1.82	(1.53)	3.25	(3.03)	8.89
PSN	1.82	(0.23)	0.00	(0.17)	0.00	0.00	3.68	(3.07)	25.78
AIT	1.19	0.13	0.08	0.19	1.58	(1.25)	2.73	(2.10)	9.70
GTLS	0.10	0.05	(0.41)	0.95	0.00	(0.13)	0.23	(0.11)	1.32

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