SmartFinancial Correlations

SMBK Stock

USD 39.21 1.84 4.48%

The current 90-days correlation between SmartFinancial and First Community Bancshares is 0.84 (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 0.75 (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

0.81	BNPH	BNP PARIBAS ADR	Pair Corr
0.68	AON0	AOZORA BANK LTD	Pair Corr
0.86	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp	Pair Corr
0.73	PB	Prosperity Bancshares	Pair Corr
0.87	RF	Regions Financial Downward Rally	Pair Corr
0.85	HH1	Hancock Whitney	Pair Corr
0.72	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.8	LLBN	Liechtensteinische	Pair Corr
0.78	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.64	SANB	SANTANDER UK 8	Pair Corr
0.74	BEN	Bendigo and Adelaide	Pair Corr
0.74	B4M1	SpareBank 1 SR	Pair Corr
0.89	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.75	FRYA	Swedbank AB	Pair Corr
0.87	VNB	Valley National Bancorp	Pair Corr
0.68	BRE	Banco Bradesco SA	Pair Corr
0.89	EBMT	Eagle Bancorp Montana	Pair Corr
0.79	ECBK	ECB Bancorp	Pair Corr
0.81	BNP	BNP Paribas SA	Pair Corr
0.92	EFSC	Enterprise Financial	Pair Corr
0.7	EGBN	Eagle Bancorp	Pair Corr
0.8	HSBK	Halyk Bank	Pair Corr
0.77	BCGE	Banque Cantonale	Pair Corr
0.92	WABC	Westamerica Bancorporation	Pair Corr
0.93	WASH	Washington Trust Bancorp	Pair Corr

Moving against SmartFinancial Stock

0.61

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	FCBC	SPFI	BWB	BCAL	SMBC	THFF	IBCP	GSBC	NBBK	HTBK
FCBC		0.88	0.84	-0.19	0.88	0.87	0.85	0.46	0.88	0.79	FCBC
SPFI	0.88		0.95	-0.19	0.96	0.97	0.85	0.66	0.87	0.89	SPFI
BWB	0.84	0.95		-0.11	0.94	0.97	0.87	0.63	0.91	0.86	BWB
BCAL	-0.19	-0.19	-0.11		-0.19	-0.11	-0.07	0.21	0.0	-0.41	BCAL
SMBC	0.88	0.96	0.94	-0.19		0.98	0.8	0.73	0.88	0.93	SMBC
THFF	0.87	0.97	0.97	-0.11	0.98		0.85	0.71	0.91	0.9	THFF
IBCP	0.85	0.85	0.87	-0.07	0.8	0.85		0.42	0.86	0.68	IBCP
GSBC	0.46	0.66	0.63	0.21	0.73	0.71	0.42		0.5	0.62	GSBC
NBBK	0.88	0.87	0.91	0.0	0.88	0.91	0.86	0.5		0.73	NBBK
HTBK	0.79	0.89	0.86	-0.41	0.93	0.9	0.68	0.62	0.73		HTBK
	FCBC	SPFI	BWB	BCAL	SMBC	THFF	IBCP	GSBC	NBBK	HTBK

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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

THFF	+ 0.98	SMBC
THFF	+ 0.97	SPFI
THFF	+ 0.97	BWB
SMBC	+ 0.96	SPFI
BWB	+ 0.95	SPFI
SMBC	+ 0.94	BWB

High negative correlations

HTBK	- 0.41	BCAL
SMBC	- 0.19	BCAL
BCAL	- 0.19	SPFI
BCAL	- 0.19	FCBC
THFF	- 0.11	BCAL
BCAL	- 0.11	BWB

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCBC	1.56	0.24	0.13	0.31	1.59	(1.78)	4.02	(2.86)	9.29
SPFI	1.10	0.05	0.03	0.14	1.23	(1.30)	2.81	(2.00)	9.15
BWB	1.20	0.02	0.02	0.10	1.47	(1.36)	2.85	(2.33)	9.97
BCAL	0.92	(0.09)	0.00	(0.06)	0.00	0.00	2.11	(2.16)	5.15
SMBC	1.30	0.10	0.06	0.18	1.52	(1.47)	3.09	(2.46)	10.17
THFF	1.39	0.10	0.06	0.19	1.45	(1.61)	2.59	(2.36)	10.39
IBCP	1.12	0.09	0.01	56.10	1.23	(1.29)	2.55	(2.34)	8.99
GSBC	1.20	0.00	0.00	0.08	1.97	(1.23)	2.52	(2.86)	14.35
NBBK	1.14	0.08	0.05	0.18	1.23	(1.30)	2.21	(1.97)	7.79
HTBK	1.24	0.15	0.10	0.19	1.46	(1.39)	2.87	(2.44)	11.07

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 CPA	Executive CFO	Profile
	Ronald Gorczynski	Executive CFO	Profile

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