SMA Solar Correlations

SMTGF Stock

USD 40.40 3.25 7.45%

The current 90-days correlation between SMA Solar Technology and Cardinal Energy is -0.09 (i.e., Good diversification). The correlation of SMA Solar 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.

SMA Solar Correlation With Market

Poor diversification

The correlation between SMA Solar Technology and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMA Solar Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SMA Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMA Solar 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 SMA Solar - 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 SMA Solar Technology to buy it.

Moving together with SMA Pink Sheet

0.86	SMTGY	SMA Solar Technology	Pair Corr
0.61	WF	Woori Financial Group Earnings Call Today	Pair Corr
0.64	BCH	Banco De Chile	Pair Corr
0.73	OIA	Invesco Municipal Income	Pair Corr
0.82	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.72	ENS	Enersys Earnings Call This Week	Pair Corr
0.82	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.77	KCDMY	Kimberly Clark de	Pair Corr
0.72	NTRS	Northern Trust	Pair Corr
0.65	ONTF	ON24 Inc	Pair Corr
0.8	SHOO	Steven Madden	Pair Corr
0.62	PGEZF	Group Ten Metals	Pair Corr
0.78	COMP	Compass	Pair Corr

Moving against SMA Pink Sheet

0.67	FNMFO	Federal National Mortgage	Pair Corr
0.6	SEDG	SolarEdge Technologies Downward Rally	Pair Corr
0.59	MYBUF	Meyer Burger Technology	Pair Corr
0.57	XISHY	Xinyi Solar Holdings	Pair Corr
0.51	FSLR	First Solar Tech Boost	Pair Corr
0.43	XNYIF	Xinyi Solar Holdings	Pair Corr
0.57	BROGF	BROGF	Pair Corr
0.39	RVSN	Rail Vision	Pair Corr

Related Correlations Analysis

	AOIFF	BWEFF	SOGFF	COPJF	KELTF	OILRF	CRLFF	DALXF	DYLLF	SQZZF
AOIFF		0.52	0.0	0.71	0.56	0.27	0.63	0.76	0.71	-0.47	AOIFF
BWEFF	0.52		0.0	0.87	0.3	0.43	0.28	0.6	0.83	-0.69	BWEFF
SOGFF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SOGFF
COPJF	0.71	0.87	0.0		0.41	0.48	0.38	0.66	0.8	-0.63	COPJF
KELTF	0.56	0.3	0.0	0.41		0.17	0.76	0.69	0.49	-0.33	KELTF
OILRF	0.27	0.43	0.0	0.48	0.17		0.12	0.29	0.32	-0.43	OILRF
CRLFF	0.63	0.28	0.0	0.38	0.76	0.12		0.82	0.56	-0.36	CRLFF
DALXF	0.76	0.6	0.0	0.66	0.69	0.29	0.82		0.87	-0.47	DALXF
DYLLF	0.71	0.83	0.0	0.8	0.49	0.32	0.56	0.87		-0.58	DYLLF
SQZZF	-0.47	-0.69	0.0	-0.63	-0.33	-0.43	-0.36	-0.47	-0.58		SQZZF
	AOIFF	BWEFF	SOGFF	COPJF	KELTF	OILRF	CRLFF	DALXF	DYLLF	SQZZF

Please upgrade your account to get full access to Macroaxis premium features

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

COPJF	+ 0.87	BWEFF
DYLLF	+ 0.87	DALXF
DYLLF	+ 0.83	BWEFF
DALXF	+ 0.82	CRLFF
DYLLF	+ 0.8	COPJF
DALXF	+ 0.76	AOIFF

High negative correlations

SQZZF	- 0.69	BWEFF
SQZZF	- 0.63	COPJF
SQZZF	- 0.58	DYLLF
SQZZF	- 0.47	DALXF
SQZZF	- 0.47	AOIFF
SQZZF	- 0.43	OILRF

Risk-Adjusted Indicators

There is a big difference between SMA Pink Sheet performing well and SMA Solar 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 SMA Solar'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
AOIFF	1.54	0.21	0.08	(0.56)	1.56	(2.08)	3.28	(3.08)	8.84
BWEFF	1.00	0.34	0.00	(37.69)	0.00	0.00	1.05	0.00	21.72
SOGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COPJF	437.14	218.59	0.00	2.34	0.00	0.00	0.00	0.00	14,647
KELTF	2.41	0.30	0.08	2.35	2.68	(2.96)	4.29	(4.63)	18.62
OILRF	4.44	0.89	0.05	(0.84)	5.53	(17.14)	20.00	(16.67)	53.00
CRLFF	1.78	0.26	0.11	0.72	1.98	(1.86)	3.74	(3.61)	9.02
DALXF	2.08	0.64	0.21	1.31	2.19	(2.38)	4.60	(3.58)	14.05
DYLLF	3.51	0.65	0.17	0.44	3.49	(4.34)	8.25	(5.88)	25.23
SQZZF	3.39	0.48	0.00	(0.15)	0.00	0.00	1.92	(1.48)	65.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in SMA Solar 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.

Did you try this?

Run Commodity Channel Now

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum

All Next

Launch Module

SMA Solar Corporate Management

Jurgen Reinert	Head CEO	Profile
Thomas Pixa	CFO Board	Profile
Volker Wachenfeld	VP Integration	Profile
Julia Damm	Ma Relations	Profile
Marko Werner	Ex Sales	Profile
Volker Wasgindt	Head Affairs	Profile
Anja Jasper	Head Communications	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC