SMC Corp Correlations

SMECF Stock

USD 447.81 17.19 3.70%

The current 90-days correlation between SMC Corp and IHI Corporation is -0.03 (i.e., Good 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.

SMC Corp Correlation With Market

Poor diversification

The correlation between SMC Corp and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMC Corp 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 to buy it.

Moving together with SMC Pink Sheet

0.73	SIEGY	Siemens AG ADR Earnings Call Tomorrow	Pair Corr
0.74	SMAWF	Siemens AG Class Earnings Call Tomorrow	Pair Corr
0.75	PH	Parker Hannifin	Pair Corr
0.81	EMR	Emerson Electric	Pair Corr
0.74	CMI	Cummins	Pair Corr
0.65	WMT	Walmart Common Stock	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.83	INTC	Intel	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr

Moving against SMC Pink Sheet

0.64	MSFT	Microsoft	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	IHICF	VWDRY	VWSYF	ALFVY	ALFVF	EPIPF	MTUAF	HOCFF	KHNGY	WEICF
IHICF		0.22	0.31	0.51	0.75	0.07	0.36	0.23	0.39	0.75	IHICF
VWDRY	0.22		0.94	0.87	0.57	0.73	0.75	0.87	0.84	0.6	VWDRY
VWSYF	0.31	0.94		0.87	0.64	0.74	0.77	0.88	0.88	0.65	VWSYF
ALFVY	0.51	0.87	0.87		0.81	0.65	0.82	0.88	0.91	0.86	ALFVY
ALFVF	0.75	0.57	0.64	0.81		0.43	0.58	0.63	0.73	0.9	ALFVF
EPIPF	0.07	0.73	0.74	0.65	0.43		0.44	0.86	0.8	0.37	EPIPF
MTUAF	0.36	0.75	0.77	0.82	0.58	0.44		0.7	0.7	0.67	MTUAF
HOCFF	0.23	0.87	0.88	0.88	0.63	0.86	0.7		0.92	0.62	HOCFF
KHNGY	0.39	0.84	0.88	0.91	0.73	0.8	0.7	0.92		0.73	KHNGY
WEICF	0.75	0.6	0.65	0.86	0.9	0.37	0.67	0.62	0.73		WEICF
	IHICF	VWDRY	VWSYF	ALFVY	ALFVF	EPIPF	MTUAF	HOCFF	KHNGY	WEICF

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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
IHICF	0.75	0.28	0.00	(0.48)	0.00	0.00	1.73	0.00	12.86
VWDRY	1.68	0.10	0.04	0.18	2.33	(1.83)	3.90	(2.39)	16.06
VWSYF	2.05	0.48	0.12	(0.53)	2.33	(2.23)	6.18	(3.43)	22.35
ALFVY	1.12	0.22	0.16	0.30	1.04	(1.26)	2.50	(1.51)	7.14
ALFVF	0.67	0.40	0.00	(0.50)	0.00	0.00	0.00	0.00	11.62
EPIPF	0.22	0.12	0.00	(0.58)	0.00	0.00	0.00	0.00	7.40
MTUAF	2.00	0.20	0.04	(0.61)	2.10	(2.18)	5.47	(3.45)	10.28
HOCFF	2.30	0.48	0.16	0.47	2.26	(2.99)	5.08	(4.13)	13.78
KHNGY	1.20	0.34	0.24	0.43	0.98	(1.40)	3.23	(2.27)	7.08
WEICF	3.10	1.03	0.24	(1.34)	2.71	(4.05)	6.75	(4.84)	37.32

Be your own money manager

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

Yoshitada Doi	Vice Officer	Profile
Toshio Isoe	GM Officer	Profile
Masahiro Ota	GM Officer	Profile
Susumu Maruyama	Ex Director	Profile
Samuel Neff	Ex Director	Profile
Kelley Stacy	Ex Director	Profile

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