Smartgroup Correlations
| STGXF Stock | USD 5.82 0.39 6.28% |
The correlation of Smartgroup 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.
Smartgroup Correlation With Market
Good diversification
The correlation between Smartgroup and DJI is -0.17 (i.e., Good diversification) 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.
Smartgroup |
The ability to find closely correlated positions to Smartgroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smartgroup 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 Smartgroup - 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 against Smartgroup Pink Sheet
| 0.88 | RKLIF | Rentokil Initial plc | PairCorr |
| 0.75 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.71 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.69 | MFG | Mizuho Financial | PairCorr |
| 0.5 | MZHOF | Mizuho Financial | PairCorr |
| 0.49 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.42 | MBFJF | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.33 | RBA | RB Global | PairCorr |
| 0.77 | DC | Dakota Gold Corp | PairCorr |
| 0.69 | BORR | Borr Drilling | PairCorr |
| 0.67 | AER | AerCap Holdings NV | PairCorr |
| 0.67 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.64 | RCRUY | Recruit Holdings | PairCorr |
| 0.55 | BHC | Bausch Health Companies | PairCorr |
| 0.54 | LMND | Lemonade | PairCorr |
| 0.44 | FTI | TechnipFMC PLC Sell-off Trend | PairCorr |
| 0.39 | IMTL | Image Protect | PairCorr |
| 0.35 | NAUT | Nautilus Biotechnology | PairCorr |
| 0.33 | AAPL | Apple Inc | PairCorr |
| 0.81 | CPAC | Cementos Pacasmayo SAA | PairCorr |
| 0.77 | TORO | Toro | PairCorr |
| 0.7 | SPGI | SP Global | PairCorr |
| 0.7 | TFIN | Triumph Financial, | PairCorr |
| 0.69 | TPB | Turning Point Brands | PairCorr |
| 0.61 | ATRO | Astronics | 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 Smartgroup Pink Sheet performing well and Smartgroup 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 Smartgroup'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALCN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TCGN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STYS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENCR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZEVY | 295.54 | 147.06 | 0.00 | 65.64 | 0.00 | 0.00 | 9,999 | |||
| AAIIQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AHII | 2.91 | (1.41) | 0.00 | 1.38 | 0.00 | 0.00 | 97.52 | |||
| THPHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GPTX | 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 Smartgroup 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 Share Portfolio Now
Share PortfolioTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Smartgroup 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 |