Super Micro Correlations

SMCI Stock

USD 33.15 3.45 11.62%

The current 90-days correlation between Super Micro Computer and Pure Storage is 0.19 (i.e., Average diversification). The correlation of Super Micro 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.

Super Micro Correlation With Market

Good diversification

The correlation between Super Micro Computer and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Super Micro Computer and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Super Micro Computer. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Super Stock

0.87	CDW	CDW Corp	Pair Corr
0.68	CLFD	Clearfield	Pair Corr
0.69	DIOD	Diodes Incorporated	Pair Corr

Moving against Super Stock

0.87	EHGO	Eshallgo Class A Downward Rally	Pair Corr
0.74	PAR	PAR Technology	Pair Corr
0.73	IONQ	IONQ Inc	Pair Corr
0.7	NTGR	NETGEAR	Pair Corr
0.69	LITE	Lumentum Holdings	Pair Corr
0.68	RGTIW	Rigetti Computing	Pair Corr
0.64	IDN	Intellicheck Mobilisa	Pair Corr
0.64	MSI	Motorola Solutions	Pair Corr
0.63	RGTI	Rigetti Computing Buyout Trend	Pair Corr
0.62	ZBRA	Zebra Technologies	Pair Corr
0.57	EXTR	Extreme Networks	Pair Corr
0.57	QBTS	D Wave Quantum Buyout Trend	Pair Corr
0.57	QUBT	Quantum Computing Trending	Pair Corr
0.54	SSYS	Stratasys	Pair Corr
0.49	HPE	Hewlett Packard Ente Earnings Call Tomorrow	Pair Corr
0.44	RCAT	Red Cat Holdings Trending	Pair Corr
0.39	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.35	HPQ	HP Inc	Pair Corr
0.77	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.72	ML	MoneyLion	Pair Corr
0.7	WK	Workiva	Pair Corr
0.68	DOCU	DocuSign	Pair Corr
0.63	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.57	BKTI	BK Technologies	Pair Corr
0.56	BL	Blackline	Pair Corr
0.56	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.51	IT	Gartner	Pair Corr
0.5	CIEN	Ciena Corp Fiscal Year End 5th of December 2024	Pair Corr
0.49	GB	Global Blue Group	Pair Corr

Related Correlations Analysis

	QBTS	RGTI	CRCT	QUBT	IONQ	PSTG	DELL	DM	SSYS	NNDM
QBTS		0.81	-0.56	0.93	0.88	0.01	0.71	-0.3	0.76	-0.34	QBTS
RGTI	0.81		-0.36	0.73	0.9	0.16	0.75	-0.1	0.62	-0.29	RGTI
CRCT	-0.56	-0.36		-0.59	-0.48	0.15	-0.17	0.73	-0.41	0.74	CRCT
QUBT	0.93	0.73	-0.59		0.86	-0.08	0.66	-0.27	0.77	-0.34	QUBT
IONQ	0.88	0.9	-0.48	0.86		-0.01	0.85	-0.16	0.77	-0.31	IONQ
PSTG	0.01	0.16	0.15	-0.08	-0.01		0.1	0.16	0.1	0.26	PSTG
DELL	0.71	0.75	-0.17	0.66	0.85	0.1		0.13	0.7	-0.07	DELL
DM	-0.3	-0.1	0.73	-0.27	-0.16	0.16	0.13		-0.31	0.6	DM
SSYS	0.76	0.62	-0.41	0.77	0.77	0.1	0.7	-0.31		-0.08	SSYS
NNDM	-0.34	-0.29	0.74	-0.34	-0.31	0.26	-0.07	0.6	-0.08		NNDM
	QBTS	RGTI	CRCT	QUBT	IONQ	PSTG	DELL	DM	SSYS	NNDM

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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

QUBT	+ 0.93	QBTS
IONQ	+ 0.9	RGTI
IONQ	+ 0.88	QBTS
IONQ	+ 0.86	QUBT
DELL	+ 0.85	IONQ
RGTI	+ 0.81	QBTS

High negative correlations

QUBT	- 0.59	CRCT
CRCT	- 0.56	QBTS
IONQ	- 0.48	CRCT
SSYS	- 0.41	CRCT
CRCT	- 0.36	RGTI
NNDM	- 0.34	QUBT

Risk-Adjusted Indicators

There is a big difference between Super Stock performing well and Super Micro 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 Super Micro'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
QBTS	6.18	1.39	0.35	0.45	4.21	(9.10)	15.58	(6.93)	41.50
RGTI	5.43	0.78	0.22	0.34	4.40	(7.16)	16.84	(8.13)	31.98
CRCT	2.18	(0.12)	0.00	0.57	0.00	0.00	4.30	(5.75)	20.08
QUBT	10.05	4.20	0.53	1.85	6.37	(14.04)	29.35	(7.96)	122.30
IONQ	5.66	2.22	0.43	1.02	4.05	(6.62)	16.30	(6.53)	47.83
PSTG	2.08	(0.41)	0.00	(0.13)	0.00	0.00	2.97	(6.29)	16.80
DELL	2.05	0.24	0.14	0.26	2.06	(2.37)	4.33	(4.46)	10.85
DM	1.72	0.07	(0.01)	0.67	2.31	(1.87)	3.69	(3.95)	21.58
SSYS	2.95	0.16	0.08	0.20	3.00	(3.52)	9.26	(4.95)	25.45
NNDM	1.93	(0.09)	0.00	(0.08)	0.00	0.00	2.93	(3.69)	15.19

Super Micro Corporate Management

Michael Staiger	VP Devel	Profile
ShinChun Hsu	Senior Business	Profile
George Kao	Senior Operations	Profile
Don Clegg	Senior Sales	Profile
Michael McNerney	Vice Security	Profile

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