Solarmax Technology Correlations
| SMXT Stock | 0.72 0.01 1.37% |
The current 90-days correlation between Solarmax Technology and FTC Solar is 0.02 (i.e., Significant diversification). The correlation of Solarmax Technology 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.
Solarmax Technology Correlation With Market
Excellent diversification
The correlation between Solarmax Technology Common and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solarmax Technology Common and DJI in the same portfolio, assuming nothing else is changed.
Moving against Solarmax Stock
| 0.67 | FIBK | First Interstate Ban | PairCorr |
| 0.6 | BNKHF | BOC Hong Kong | PairCorr |
| 0.55 | OBYCF | Obayashi | PairCorr |
| 0.48 | FCAP | First Capital | PairCorr |
| 0.46 | YLLXF | Yellow Cake plc | PairCorr |
| 0.42 | JUPGF | Jupiter Gold | PairCorr |
| 0.41 | ENS | Enersys | PairCorr |
| 0.35 | SHPHF | Sihuan Pharmaceutical | PairCorr |
| 0.35 | NFG | National Fuel Gas | PairCorr |
| 0.33 | SECVY | Seche Environnement | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Solarmax Stock performing well and Solarmax Technology 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 Solarmax Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JKS | 2.95 | (0.01) | (0.01) | 0.05 | 4.01 | 8.25 | 25.53 | |||
| OMSE | 2.59 | (0.23) | 0.00 | (5.05) | 0.00 | 5.74 | 16.38 | |||
| PNRG | 2.74 | 0.38 | 0.10 | 0.73 | 3.13 | 5.49 | 15.84 | |||
| SMC | 1.61 | 0.43 | 0.28 | 1.14 | 1.09 | 3.65 | 15.21 | |||
| TYGO | 5.70 | 0.81 | 0.15 | 0.52 | 5.05 | 18.24 | 46.00 | |||
| NC | 2.06 | 0.28 | 0.13 | 0.30 | 1.95 | 6.28 | 12.30 | |||
| RNGR | 1.78 | 0.18 | 0.09 | 0.20 | 1.97 | 3.77 | 9.09 | |||
| SPWR | 3.03 | (0.21) | 0.00 | (0.02) | 0.00 | 6.96 | 16.38 | |||
| FTCI | 4.40 | 0.24 | 0.07 | 0.16 | 4.87 | 9.96 | 58.89 |
Solarmax Technology Corporate Executives
Elected by the shareholders, the Solarmax Technology's board of directors comprises two types of representatives: Solarmax Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solarmax. The board's role is to monitor Solarmax Technology's management team and ensure that shareholders' interests are well served. Solarmax Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Solarmax Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Brown | CFO Secretary | Profile |