SmartFinancial, Correlations

SMBK Stock

USD 31.04 0.51 1.62%

The current 90-days correlation between SmartFinancial, and Community West Bancshares is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SmartFinancial, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartFinancial, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SmartFinancial, Correlation With Market

Average diversification

The correlation between SmartFinancial, and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SmartFinancial, and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartFinancial,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy SmartFinancial, Stock please use our How to buy in SmartFinancial, Stock guide.

Moving together with SmartFinancial, Stock

0.63	BY	Byline Bancorp	Pair Corr
0.72	NU	Nu Holdings	Pair Corr
0.63	PB	Prosperity Bancshares	Pair Corr
0.77	TFC-PI	Truist Financial	Pair Corr
0.68	TFC-PO	Truist Financial	Pair Corr
0.63	TFC-PR	Truist Financial	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.63	CFG-PE	Citizens Financial	Pair Corr
0.87	EFSC	Enterprise Financial	Pair Corr
0.64	WASH	Washington Trust Bancorp	Pair Corr
0.63	EQBK	Equity Bancshares,	Pair Corr
0.91	ESSA	ESSA Bancorp	Pair Corr
0.66	WMPN	William Penn Bancorp	Pair Corr
0.67	WNEB	Western New England	Pair Corr

Related Correlations Analysis

	HFBL	HMNF	HVBC	LSBK	CWBC	FFNW	FNWB	FCAP	CULL	ISTR
HFBL		0.0	0.0	0.56	-0.27	-0.32	0.36	0.43	0.0	-0.52	HFBL
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HVBC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HVBC
LSBK	0.56	0.0	0.0		-0.31	0.02	0.41	0.81	0.0	-0.75	LSBK
CWBC	-0.27	0.0	0.0	-0.31		0.32	0.24	-0.59	0.0	0.74	CWBC
FFNW	-0.32	0.0	0.0	0.02	0.32		0.04	-0.08	0.0	0.17	FFNW
FNWB	0.36	0.0	0.0	0.41	0.24	0.04		0.06	0.0	-0.12	FNWB
FCAP	0.43	0.0	0.0	0.81	-0.59	-0.08	0.06		0.0	-0.82	FCAP
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CULL
ISTR	-0.52	0.0	0.0	-0.75	0.74	0.17	-0.12	-0.82	0.0		ISTR
	HFBL	HMNF	HVBC	LSBK	CWBC	FFNW	FNWB	FCAP	CULL	ISTR

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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

FCAP	+ 0.81	LSBK
ISTR	+ 0.74	CWBC
LSBK	+ 0.56	HFBL
FCAP	+ 0.43	HFBL
FNWB	+ 0.41	LSBK
FNWB	+ 0.36	HFBL

High negative correlations

ISTR	- 0.82	FCAP
ISTR	- 0.75	LSBK
FCAP	- 0.59	CWBC
ISTR	- 0.52	HFBL
FFNW	- 0.32	HFBL
CWBC	- 0.31	LSBK

Risk-Adjusted Indicators

There is a big difference between SmartFinancial, Stock performing well and SmartFinancial, 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 SmartFinancial,'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
HFBL	1.56	0.11	0.06	0.34	2.04	(2.09)	5.67	(4.53)	13.32
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.63	0.33	0.16	0.61	1.59	(2.36)	3.62	(3.16)	21.68
CWBC	0.98	(0.19)	0.00	(0.31)	0.00	0.00	2.28	(2.17)	6.01
FFNW	0.99	0.03	0.09	(5.19)	1.05	(1.14)	1.17	(1.77)	16.29
FNWB	1.17	(0.01)	0.00	(0.17)	0.00	0.00	2.68	(2.76)	9.99
FCAP	1.28	0.39	0.21	0.73	1.46	(1.40)	3.26	(3.38)	10.37
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISTR	1.36	(0.43)	0.00	4.05	0.00	0.00	1.97	(3.28)	7.38

SmartFinancial, Corporate Management

Robbie Washington	Community VP	Profile
Cynthia Cain	Executive Officer	Profile
Martin Schrodt	Executive Officer	Profile
Rebecca Boyd	Executive Officer	Profile

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