Smart Sand Correlations

SND Stock

USD 4.65 0.06 1.31%

The current 90-days correlation between Smart Sand and Leishen Energy Holding is 0.01 (i.e., Significant diversification). The correlation of Smart Sand 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.

Smart Sand Correlation With Market

Poor diversification

The correlation between Smart Sand and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Sand and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Smart Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smart Sand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade Smart Stock refer to our How to Trade Smart Stock guide.

Moving together with Smart Stock

0.76	RES	RPC Inc Earnings Call This Week	Pair Corr
0.81	TTI	Tetra Technologies Downward Rally	Pair Corr
0.81	NESR	National Energy Services	Pair Corr
0.64	ISRMF	iShares MSCI	Pair Corr
0.87	MRLWF	Marlowe Plc	Pair Corr
0.81	BMO	Bank of Montreal	Pair Corr
0.82	PHXHF	PHX Energy Services	Pair Corr
0.88	HRMY	Harmony Biosciences	Pair Corr
0.66	YASKY	Yaskawa Electric Corp	Pair Corr

Related Correlations Analysis

	LSE	SLNG	NCSM	DTI	MMLP	ZEO	EP	EPSN	IMPP	SOL
LSE		0.47	-0.25	-0.43	0.05	0.82	0.45	0.22	0.77	0.4	LSE
SLNG	0.47		0.18	-0.32	-0.42	0.46	0.38	0.6	0.43	0.51	SLNG
NCSM	-0.25	0.18		0.23	-0.13	-0.09	0.42	0.28	-0.45	0.17	NCSM
DTI	-0.43	-0.32	0.23		0.43	-0.62	-0.2	-0.25	-0.66	-0.15	DTI
MMLP	0.05	-0.42	-0.13	0.43		-0.11	-0.09	-0.58	-0.24	-0.51	MMLP
ZEO	0.82	0.46	-0.09	-0.62	-0.11		0.56	0.26	0.71	0.42	ZEO
EP	0.45	0.38	0.42	-0.2	-0.09	0.56		0.32	0.21	0.37	EP
EPSN	0.22	0.6	0.28	-0.25	-0.58	0.26	0.32		0.3	0.64	EPSN
IMPP	0.77	0.43	-0.45	-0.66	-0.24	0.71	0.21	0.3		0.33	IMPP
SOL	0.4	0.51	0.17	-0.15	-0.51	0.42	0.37	0.64	0.33		SOL
	LSE	SLNG	NCSM	DTI	MMLP	ZEO	EP	EPSN	IMPP	SOL

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

ZEO	+ 0.82	LSE
IMPP	+ 0.77	LSE
IMPP	+ 0.71	ZEO
SOL	+ 0.64	EPSN
EPSN	+ 0.6	SLNG
EP	+ 0.56	ZEO

High negative correlations

IMPP	- 0.66	DTI
ZEO	- 0.62	DTI
EPSN	- 0.58	MMLP
SOL	- 0.51	MMLP
IMPP	- 0.45	NCSM
DTI	- 0.43	LSE

Risk-Adjusted Indicators

There is a big difference between Smart Stock performing well and Smart Sand 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 Smart Sand'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
LSE	2.29	(0.10)	0.00	(0.08)	0.00	0.00	6.60	(5.83)	15.69
SLNG	1.89	(0.04)	0.00	0.70	0.00	0.00	4.83	(4.40)	11.21
NCSM	2.28	(0.08)	0.00	(0.03)	0.00	0.00	5.26	(4.85)	20.91
DTI	4.90	1.04	0.21	12.18	4.08	(6.39)	11.24	(7.35)	22.79
MMLP	2.41	0.26	0.06	(1.46)	2.64	(3.10)	6.25	(4.27)	19.56
ZEO	4.30	(0.77)	0.00	(0.27)	0.00	0.00	7.56	(8.72)	24.78
EP	3.69	(0.11)	0.00	3.37	0.00	0.00	9.18	(7.74)	20.26
EPSN	1.93	(0.06)	(0.04)	(0.01)	2.04	(2.12)	4.46	(3.14)	11.38
IMPP	2.97	(0.49)	0.00	4.57	0.00	0.00	5.56	(6.67)	33.83
SOL	0.91	0.07	(0.01)	(0.53)	0.78	(1.33)	2.20	(1.16)	4.54

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