SMA Solar Correlations

SMTGF Stock

USD 12.73 2.32 15.42%

The current 90-days correlation between SMA Solar Technology and SCOR PK is 0.06 (i.e., Significant 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

Average diversification

The correlation between SMA Solar Technology and DJI is 0.11 (i.e., Average 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

0.78	FSLR	First Solar	Pair Corr
0.93	ENPH	Enphase Energy	Pair Corr
0.87	SMTGY	SMA Solar Technology	Pair Corr
0.86	AAGH	America Great Health	Pair Corr
0.83	NNAX	New Momentum	Pair Corr

Moving against SMA Pink Sheet

0.88	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.88	CPA	Copa Holdings SA	Pair Corr
0.87	GCPEF	GCL Poly Energy	Pair Corr
0.86	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.86	GVA	Granite Construction	Pair Corr
0.83	AXON	Axon Enterprise	Pair Corr
0.78	KLIC	Kulicke and Soffa	Pair Corr
0.75	FTNT	Fortinet	Pair Corr
0.6	DEC	Diversified Energy	Pair Corr
0.58	DXYZ	Destiny Tech100 Trending	Pair Corr
0.53	XISHY	Xinyi Solar Holdings	Pair Corr
0.44	STI	Solidion Technology Symbol Change	Pair Corr
0.41	XNYIF	Xinyi Solar Holdings	Pair Corr
0.37	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.88	IONQ	IONQ Inc Trending	Pair Corr
0.87	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.85	EWTX	Edgewise Therapeutics	Pair Corr
0.85	NVDA	NVIDIA	Pair Corr
0.84	DUOL	Duolingo	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.76	GOOGL	Alphabet Class A	Pair Corr
0.76	GOOG	Alphabet Class C	Pair Corr
0.75	LUNR	Intuitive Machines Trending	Pair Corr
0.75	PANW	Palo Alto Networks	Pair Corr
0.71	ENB	Enbridge	Pair Corr

Related Correlations Analysis

	VVPR	SPI	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX
VVPR		-0.41	0.0	-0.55	0.73	0.0	-0.6	-0.81	-0.84	VVPR
SPI	-0.41		0.0	0.27	-0.14	0.0	-0.06	0.55	0.36	SPI
AAVXF	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	0.0	AAVXF
SCRYY	-0.55	0.27	0.0		-0.44	0.0	0.44	0.47	0.5	SCRYY
444859BR2	0.73	-0.14	0.0	-0.44		0.0	-0.63	-0.62	-0.59	444859BR2
AQUI	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	0.0	AQUI
SCRYX	-0.6	-0.06	0.0	0.44	-0.63	0.0		0.58	0.6	SCRYX
MSTSX	-0.81	0.55	0.0	0.47	-0.62	0.0	0.58		0.72	MSTSX
LBHIX	-0.84	0.36	0.0	0.5	-0.59	0.0	0.6	0.72		LBHIX
	VVPR	SPI	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX

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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

444859BR2	+ 0.73	VVPR
LBHIX	+ 0.72	MSTSX
LBHIX	+ 0.6	SCRYX
MSTSX	+ 0.58	SCRYX
MSTSX	+ 0.55	SPI
LBHIX	+ 0.5	SCRYY

High negative correlations

AQUI	- 1.0	AAVXF
LBHIX	- 0.84	VVPR
MSTSX	- 0.81	VVPR
SCRYX	- 0.63	444859BR2
MSTSX	- 0.62	444859BR2
SCRYX	- 0.6	VVPR

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
VVPR	6.26	(0.99)	0.00	(6.88)	0.00	0.00	6.40	(15.56)	112.34
SPI	6.61	0.59	0.06	1.13	7.32	(10.13)	12.50	(16.36)	96.42
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96

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.

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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

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