SMC Corp Correlations

SMCAY Stock

USD 21.64 0.02 0.09%

The current 90-days correlation between SMC Corp Japan and Atlas Copco AB is 0.39 (i.e., Weak diversification). The correlation of SMC Corp 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.

SMC Corp Correlation With Market

Very weak diversification

The correlation between SMC Corp Japan and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMC Corp Japan and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SMC Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMC Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SMC Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SMC Corp Japan to buy it.

Related Correlations Analysis

	SBGSF	ATLKY	FANUY	SIEGY	SDVKF	SBGSY	KNYJF	ATLPF	GGG	FLS
SBGSF		0.41	-0.05	0.04	0.38	0.75	0.66	0.45	0.28	0.25	SBGSF
ATLKY	0.41		0.66	-0.55	0.87	0.37	0.31	0.04	-0.15	-0.42	ATLKY
FANUY	-0.05	0.66		-0.32	0.59	0.09	-0.19	-0.15	-0.07	-0.26	FANUY
SIEGY	0.04	-0.55	-0.32		-0.59	0.12	0.08	0.28	0.39	0.61	SIEGY
SDVKF	0.38	0.87	0.59	-0.59		0.42	0.45	0.27	-0.1	-0.26	SDVKF
SBGSY	0.75	0.37	0.09	0.12	0.42		0.72	0.58	0.35	0.38	SBGSY
KNYJF	0.66	0.31	-0.19	0.08	0.45	0.72		0.68	0.39	0.36	KNYJF
ATLPF	0.45	0.04	-0.15	0.28	0.27	0.58	0.68		0.3	0.55	ATLPF
GGG	0.28	-0.15	-0.07	0.39	-0.1	0.35	0.39	0.3		0.8	GGG
FLS	0.25	-0.42	-0.26	0.61	-0.26	0.38	0.36	0.55	0.8		FLS
	SBGSF	ATLKY	FANUY	SIEGY	SDVKF	SBGSY	KNYJF	ATLPF	GGG	FLS

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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

SDVKF	+ 0.87	ATLKY
FLS	+ 0.8	GGG
SBGSY	+ 0.75	SBGSF
KNYJF	+ 0.72	SBGSY
ATLPF	+ 0.68	KNYJF
KNYJF	+ 0.66	SBGSF

High negative correlations

SDVKF	- 0.59	SIEGY
SIEGY	- 0.55	ATLKY
FLS	- 0.42	ATLKY
SIEGY	- 0.32	FANUY
FLS	- 0.26	SDVKF
FLS	- 0.26	FANUY

Risk-Adjusted Indicators

There is a big difference between SMC Pink Sheet performing well and SMC Corp 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 SMC Corp'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
SBGSF	1.70	(0.04)	(0.04)	0.06	2.16	(1.75)	3.39	(3.14)	11.75
ATLKY	1.25	(0.30)	0.00	(0.19)	0.00	0.00	2.05	(2.81)	10.18
FANUY	1.39	(0.13)	0.00	(1.52)	0.00	0.00	2.89	(2.90)	8.65
SIEGY	1.29	0.48	0.27	2.41	0.97	(1.52)	3.53	(1.58)	10.83
SDVKF	0.90	(0.12)	0.00	(0.24)	0.00	0.00	4.13	(4.58)	13.25
SBGSY	1.20	0.00	(0.07)	0.40	1.53	(1.18)	2.35	(1.95)	8.25
KNYJF	0.62	0.04	(0.02)	1.16	0.97	(5.13)	0.41	(2.54)	13.77
ATLPF	1.03	0.11	0.00	(0.46)	0.00	0.00	4.58	(3.99)	20.38
GGG	0.88	0.03	0.05	0.15	0.81	(0.99)	1.69	(1.47)	7.51
FLS	1.39	0.17	0.16	0.22	1.21	(1.55)	3.04	(2.22)	10.24

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Our tools can tell you how much better you can do entering a position in SMC Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SMC Corp Corporate Management

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