SmartgroupLtd Correlations
| STGXF Stock | USD 5.82 0.00 0.00% |
The correlation of SmartgroupLtd 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.
SmartgroupLtd Correlation With Market
Pay attention - limited upside
The correlation between Smartgroup and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smartgroup and DJI in the same portfolio, assuming nothing else is changed.
SmartgroupLtd |
The ability to find closely correlated positions to SmartgroupLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartgroupLtd 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 SmartgroupLtd - 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 Smartgroup to buy it.
Moving together with SmartgroupLtd Pink Sheet
Moving against SmartgroupLtd Pink Sheet
| 0.9 | RKLIF | Rentokil Initial plc | PairCorr |
| 0.72 | RBA | RB Global Earnings Call This Week | PairCorr |
| 0.69 | CTAS | Cintas | PairCorr |
| 0.6 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.58 | MBFJF | Mitsubishi UFJ Financial Downward Rally | PairCorr |
| 0.41 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.93 | ZDZT | Zhengduozhe Technology | PairCorr |
| 0.87 | TORO | Toro | PairCorr |
| 0.83 | MS-PF | Morgan Stanley | PairCorr |
| 0.69 | ANF | Abercrombie Fitch | PairCorr |
| 0.66 | GAYMF | Galway Metals | PairCorr |
| 0.6 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.6 | ONON | On Holding | PairCorr |
| 0.46 | PYTCY | Playtech PLC ADR | PairCorr |
| 0.31 | NTZ | Natuzzi SpA | PairCorr |
| 0.92 | FRFFF | Fairfax Financial | PairCorr |
| 0.89 | GS | Goldman Sachs Group | PairCorr |
| 0.68 | TATT | Tat Techno | PairCorr |
| 0.65 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.63 | UMAC | Unusual Machines | PairCorr |
| 0.63 | CELH | Celsius Holdings | 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
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Risk-Adjusted Indicators
There is a big difference between SmartgroupLtd Pink Sheet performing well and SmartgroupLtd 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 SmartgroupLtd'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHMCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HERXF | 0.17 | (0.08) | 0.00 | 1.28 | 0.00 | 0.18 | 2.86 | |||
| JSVGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNIRF | 0.83 | 0.41 | 0.00 | 18.27 | 0.00 | 0.00 | 27.91 | |||
| CTAGF | 0.46 | (0.23) | 0.00 | 1.09 | 0.00 | 0.00 | 15.57 | |||
| NLFKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MTWTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SHIHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DLUEY | 0.64 | (0.01) | 0.00 | 0.17 | 0.00 | 0.00 | 20.91 | |||
| CCNTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SmartgroupLtd 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?
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SmartgroupLtd Corporate Management
| Angus Buckley | Chief Officer | Profile | |
| Sophie MacIntosh | Chief Sec | Profile | |
| Justine Carmichael | Chief Officer | Profile | |
| Jonathan Swain | Joint Sec | Profile | |
| Sarah Haas | Chief Officer | Profile | |
| Anthony Dijanosic | Chief Officer | Profile |