Smart Share Correlations

Smart Share Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Smart Share Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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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    MCW + 0.86 FTDR SCI + 0.86 MCW SCI + 0.74 FTDR ROL + 0.19 SCI ROL + 0.05 BFAM

High negative correlations    BFAM - 0.9 FTDR MCW - 0.81 BFAM SCI - 0.72 BFAM ROL - 0.06 MCW ROL - 0.06 FTDR

Risk-Adjusted Indicators

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