Smart Share Correlations
| EM Stock | USD 1.12 0.01 0.88% |
The current 90-days correlation between Smart Share Global and Frontdoor is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Smart Share moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smart Share Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Smart Share Correlation With Market
Good diversification
The correlation between Smart Share Global and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Share Global and DJI in the same portfolio, assuming nothing else is changed.
Smart |
Moving together with Smart Stock
| 0.91 | LTH | Life Time Group | PairCorr |
| 0.65 | MAT | Mattel Inc | PairCorr |
| 0.82 | INVX | Innovex International, Symbol Change | PairCorr |
| 0.77 | RKNEF | Optiva Inc | PairCorr |
| 0.67 | FWEDF | Fireweed Zinc | PairCorr |
Moving against Smart Stock
| 0.71 | JOUT | Johnson Outdoors | PairCorr |
| 0.65 | GOLF | Acushnet Holdings Corp | PairCorr |
| 0.64 | NVR | NVR Inc | PairCorr |
| 0.58 | FUN | Six Flags Entertainment | PairCorr |
| 0.58 | PLAY | Dave Busters Enterta | PairCorr |
| 0.52 | CRI | Carters | PairCorr |
| 0.52 | WWW | Wolverine World Wide | PairCorr |
| 0.49 | DHI | DR Horton | PairCorr |
| 0.45 | COOK | Traeger | PairCorr |
| 0.41 | WHR | Whirlpool | PairCorr |
| 0.32 | KTB | Kontoor Brands | PairCorr |
| 0.55 | GCPEF | GCL Poly Energy | PairCorr |
Related Correlations Analysis
| -0.43 | -0.46 | 0.8 | 0.0 | -0.13 | -0.56 | FTDR | ||
| -0.43 | 0.72 | -0.08 | 0.0 | -0.22 | 0.87 | BFAM | ||
| -0.46 | 0.72 | -0.04 | 0.0 | 0.09 | 0.81 | MCW | ||
| 0.8 | -0.08 | -0.04 | 0.0 | 0.08 | -0.08 | CSV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DSEY | ||
| -0.13 | -0.22 | 0.09 | 0.08 | 0.0 | 0.1 | SCI | ||
| -0.56 | 0.87 | 0.81 | -0.08 | 0.0 | 0.1 | ROL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Smart Stock performing well and Smart Share 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 Share'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTDR | 1.93 | (0.54) | 0.00 | (0.53) | 0.00 | 2.96 | 23.72 | |||
| BFAM | 1.33 | 0.26 | 0.16 | 0.25 | 1.46 | 2.48 | 10.67 | |||
| MCW | 1.51 | 0.18 | 0.11 | 0.12 | 1.47 | 3.63 | 11.64 | |||
| CSV | 1.07 | (0.04) | 0.00 | (0.15) | 0.00 | 1.71 | 7.05 | |||
| DSEY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SCI | 1.14 | (0.10) | 0.00 | (0.30) | 0.00 | 1.58 | 12.64 | |||
| ROL | 0.81 | 0.11 | 0.15 | 0.25 | 0.95 | 2.00 | 6.23 |
Smart Share Corporate Management
| Mars Cai | Chairman CEO | Profile | |
| Yaoyu Zhang | Chief Officer | Profile | |
| Xiaowei Li | Chief Officer | Profile | |
| Yi Xin | CFO Director | Profile |