Smart Global Correlations
| SGHDelisted Stock | USD 20.41 0.36 1.80% |
The current 90-days correlation between Smart Global Holdings and Silicon Motion Technology is -0.22 (i.e., Very good diversification). The correlation of Smart Global 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 Global Correlation With Market
Very good diversification
The correlation between Smart Global Holdings and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Global Holdings and DJI in the same portfolio, assuming nothing else is changed.
Smart |
Moving together with Smart Stock
Moving against Smart Stock
| 0.75 | T | ATT Inc Aggressive Push | PairCorr |
| 0.69 | PTAIF | PT Astra International | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
| 0.65 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.65 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.61 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.58 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.56 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.54 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.52 | SSNLF | Samsung Electronics | PairCorr |
| 0.46 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.38 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.36 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.34 | HPQ | HP Inc | PairCorr |
| 0.32 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Smart Stock performing well and Smart Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIMO | 1.80 | (0.35) | 0.00 | (0.27) | 0.00 | 3.17 | 12.89 | |||
| MTSI | 2.07 | 0.17 | 0.09 | 0.19 | 2.39 | 5.00 | 17.09 | |||
| SMTC | 2.85 | 0.39 | 0.13 | 0.37 | 2.95 | 6.02 | 19.03 | |||
| AOSL | 3.34 | (0.30) | 0.00 | (0.08) | 0.00 | 7.41 | 30.77 | |||
| MX | 1.68 | (0.45) | 0.00 | (3.19) | 0.00 | 3.36 | 17.81 | |||
| MXL | 3.31 | 0.03 | 0.06 | 0.09 | 4.18 | 8.45 | 27.68 | |||
| DIOD | 2.25 | (0.43) | 0.00 | (0.11) | 0.00 | 3.96 | 15.29 | |||
| SITM | 2.65 | 0.49 | 0.18 | 0.31 | 2.65 | 6.98 | 23.86 | |||
| LASR | 2.66 | (0.18) | (0.01) | 0.01 | 4.60 | 4.41 | 51.57 | |||
| CEVA | 2.03 | 0.16 | 0.09 | 0.21 | 1.95 | 3.48 | 20.17 |
Delisting Warning - SGH
Smart Global Holdings was delisted
| The entity Smart Global Holdings with a symbol SGH was delisted from NASDAQ Exchange. Please try Penguin Solutions, with a symbol PENG from now on. Check all delisted instruments accross multiple markets. |
Smart Global Corporate Management
| Mark Seamans | Vice Marketing | Profile | |
| David Laurello | Senior Solutions | Profile | |
| Claude Demby | Consultant | Profile | |
| Joseph Clark | Senior Solutions | Profile | |
| Anne JD | Senior Officer | Profile |
Still Interested in Smart Global Holdings?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.