SMC Entertainment Correlations
| SMCE Stock | USD 0 0.0001 9.09% |
The current 90-days correlation between SMC Entertainment and One Step Vending is 0.09 (i.e., Significant diversification). The correlation of SMC Entertainment 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.
SMC Entertainment Correlation With Market
Average diversification
The correlation between SMC Entertainment 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 SMC Entertainment and DJI in the same portfolio, assuming nothing else is changed.
SMC |
The ability to find closely correlated positions to SMC Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMC Entertainment 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 SMC Entertainment - 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 SMC Entertainment to buy it.
Moving together with SMC Pink Sheet
| 0.76 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.7 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.73 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Moving against SMC Pink Sheet
| 0.85 | CSCO | Cisco Systems | PairCorr |
| 0.8 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.8 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.77 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.75 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.73 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.72 | WMT | Walmart | PairCorr |
| 0.71 | DIS | Walt Disney | PairCorr |
| 0.68 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.65 | FSTF | First State Financial | PairCorr |
| 0.61 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.56 | CAT | Caterpillar Sell-off Trend | PairCorr |
| 0.54 | HPQ | HP Inc | PairCorr |
| 0.33 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.31 | KOSS | Koss | PairCorr |
| 0.31 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SMC Pink Sheet performing well and SMC Entertainment 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 SMC Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KOSK | 13.72 | 1.21 | 0.05 | (1.64) | 14.23 | 37.50 | 106.30 | |||
| SNMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HIRU | 8.01 | (1.16) | 0.00 | 1.35 | 0.00 | 19.23 | 52.68 | |||
| SAKL | 2.60 | (0.09) | 0.00 | 0.64 | 0.00 | 0.00 | 64.29 | |||
| SPQS | 15.74 | 1.33 | 0.03 | (0.63) | 16.33 | 50.00 | 83.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SMC Entertainment 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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SMC Entertainment Corporate Management
| Ronald Hughes | CEO Director | Profile | |
| David Esq | Corp Counsel | Profile | |
| Erik Blum | President | Profile | |
| Warwick Kerridge | Ex Director | Profile | |
| Kurt Heidolph | VP Operations | Profile | |
| Tory Harrelson | Chief Officer | Profile |