SmartFinancial Correlations

Stocks . USA . 
Stock . SmartFinancial
SMBK Stock  USD 42.78  0.17  0.40%   
The current 90-days correlation between SmartFinancial and First Community Bancshares is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SmartFinancial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartFinancial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SmartFinancial Correlation With Market

Poor diversification

The correlation between SmartFinancial and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SmartFinancial and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SmartFinancial Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartFinancial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy SmartFinancial Stock please use our How to buy in SmartFinancial Stock guide.

Moving together with SmartFinancial Stock

  0.82BIRG Bank of IrelandPairCorr
  0.87AX Axos FinancialPairCorr
  0.64VABK Virginia National Normal TradingPairCorr
  0.8FFIN First Financial Bank Normal TradingPairCorr
  0.9ASB Associated Banc CorpPairCorr
  0.93CPF Central Pacific Financial Normal TradingPairCorr
  0.79FSFG First Savings Financial Earnings Call This WeekPairCorr
  0.92HWC Hancock Whitney CorpPairCorr
  0.78FUNC First United Earnings Call This WeekPairCorr
  0.92FVCB FVCBankcorpPairCorr
  0.93MCB Metropolitan Bank HoldingPairCorr
  0.92MTB MT BankPairCorr
  0.9WBS Webster FinancialPairCorr
  0.95HFWA Heritage Financial Normal TradingPairCorr
  0.65HWBK Hawthorn BancsharesPairCorr
  0.87IBOC International BancsharesPairCorr
  0.94ISTR Investar Holding CorpPairCorr
  0.95LCNB LCNBPairCorr
  0.9OVLY Oak Valley BancorpPairCorr
  0.63MBLPD Macquarie BankPairCorr
  0.82VBNK VersaBankPairCorr
  0.8BFL BSP Financial GroupPairCorr
  0.88SFBS ServisFirst BancsharesPairCorr
  0.92AROW Arrow Financial Normal TradingPairCorr
  0.94TCBI Texas Capital BancsharesPairCorr
  0.93BPRN Bank Of PrincetonPairCorr
  0.8TFSL TFS FinancialPairCorr
  0.9BWFG Bankwell FinancialPairCorr
  0.73CADE Cadence BancorpPairCorr
  0.81CFFI CF FinancialPairCorr
  0.66FCAP First Capital Normal TradingPairCorr

Moving against SmartFinancial Stock

  0.823YB Postal Savings BankPairCorr
  0.37BBC BNK BankingPairCorr
  0.47BKLRF Berkeley EnergyPairCorr

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

THFF
+ 0.99
SMBC
SMBC
+ 0.97
BWB
THFF
+ 0.97
BWB
IBCP
+ 0.97
BWB
BWB
+ 0.96
SPFI
THFF
+ 0.96
SPFI
  

High negative correlations

HTBK
- 0.03
BCAL

Risk-Adjusted Indicators

There is a big difference between SmartFinancial Stock performing well and SmartFinancial 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 SmartFinancial'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FCBC  1.50  0.31  0.18  0.31  1.36 
(1.81)
 4.02 
(2.14)
 9.31 
SPFI  1.15  0.21  0.17  0.27  1.03 
(1.46)
 2.92 
(2.19)
 9.15 
BWB  1.21  0.21  0.15  0.25  1.13 
(1.40)
 3.22 
(1.96)
 9.97 
BCAL  0.93  0.04  0.01  0.14  1.21 
(1.01)
 2.11 
(1.97)
 5.74 
SMBC  1.27  0.27  0.19  0.35  1.20 
(1.55)
 3.00 
(1.77)
 10.20 
THFF  1.37  0.30  0.22  0.36  1.10 
(1.67)
 3.55 
(1.60)
 10.39 
IBCP  1.22  0.23  0.17  0.28  1.00 
(1.48)
 2.80 
(2.34)
 7.82 
GSBC  1.17  0.16  0.08  0.23  1.66 
(1.24)
 2.88 
(2.01)
 14.35 
NBBK  1.19  0.29  0.22  0.77  0.96 
(1.46)
 2.93 
(1.83)
 6.22 
HTBK  1.18  0.34  0.24  0.34  1.05 
(1.38)
 2.85 
(2.06)
 9.72 

SmartFinancial Corporate Executives

Elected by the shareholders, the SmartFinancial's board of directors comprises two types of representatives: SmartFinancial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SmartFinancial. The board's role is to monitor SmartFinancial's management team and ensure that shareholders' interests are well served. SmartFinancial'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, SmartFinancial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald CPAExecutive CFOProfile
Ronald GorczynskiExecutive CFOProfile
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