Super Micro Correlations

SMCI Stock

USD 41.52 0.63 1.49%

The current 90-days correlation between Super Micro Computer and Pure Storage is 0.62 (i.e., Poor diversification). The correlation of Super Micro 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.

Super Micro Correlation With Market

Average diversification

The correlation between Super Micro Computer and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Super Micro Computer 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 Super Micro Computer. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Super Stock

0.69	CSCO	Cisco Systems	Pair Corr
0.72	EC	Ecopetrol SA ADR	Pair Corr
0.8	INTC	Intel	Pair Corr

Moving against Super Stock

0.54	CAT	Caterpillar	Pair Corr
0.51	PTITF	PT Indosat Tbk	Pair Corr
0.48	PTAIY	Astra International Tbk	Pair Corr
0.44	MSFT	Microsoft	Pair Corr
0.36	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	QBTS	RGTI	CRCT	QUBT	IONQ	PSTG	DELL	DM	SSYS	NNDM
QBTS		0.51	0.1	0.56	0.22	-0.14	0.21	0.36	-0.17	0.18	QBTS
RGTI	0.51		0.13	0.64	0.75	0.47	0.43	0.14	-0.1	0.63	RGTI
CRCT	0.1	0.13		0.41	0.49	0.54	0.74	0.55	0.0	0.35	CRCT
QUBT	0.56	0.64	0.41		0.75	0.4	0.58	0.48	-0.39	0.65	QUBT
IONQ	0.22	0.75	0.49	0.75		0.83	0.72	0.41	-0.07	0.8	IONQ
PSTG	-0.14	0.47	0.54	0.4	0.83		0.72	0.3	0.18	0.68	PSTG
DELL	0.21	0.43	0.74	0.58	0.72	0.72		0.49	-0.05	0.56	DELL
DM	0.36	0.14	0.55	0.48	0.41	0.3	0.49		0.06	0.4	DM
SSYS	-0.17	-0.1	0.0	-0.39	-0.07	0.18	-0.05	0.06		0.2	SSYS
NNDM	0.18	0.63	0.35	0.65	0.8	0.68	0.56	0.4	0.2		NNDM
	QBTS	RGTI	CRCT	QUBT	IONQ	PSTG	DELL	DM	SSYS	NNDM

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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

PSTG	+ 0.83	IONQ
NNDM	+ 0.8	IONQ
IONQ	+ 0.75	RGTI
IONQ	+ 0.75	QUBT
DELL	+ 0.74	CRCT
DELL	+ 0.72	IONQ

High negative correlations

SSYS	- 0.39	QUBT
SSYS	- 0.17	QBTS
PSTG	- 0.14	QBTS
SSYS	- 0.1	RGTI
SSYS	- 0.07	IONQ
SSYS	- 0.05	DELL

Risk-Adjusted Indicators

There is a big difference between Super Stock performing well and Super Micro 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 Super Micro'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
QBTS	10.36	1.83	0.15	2.87	10.94	(12.24)	24.53	(18.02)	80.73
RGTI	10.59	1.64	0.12	1.26	12.67	(12.44)	32.03	(15.40)	81.44
CRCT	1.86	(0.08)	0.00	(0.18)	0.00	0.00	4.21	(3.77)	12.14
QUBT	11.11	1.55	0.13	(3.17)	11.66	(14.03)	51.53	(11.71)	108.47
IONQ	6.61	0.02	0.00	(0.06)	0.00	0.00	16.99	(13.83)	62.59
PSTG	2.32	(0.21)	0.00	(0.26)	0.00	0.00	4.17	(5.79)	20.50
DELL	2.33	(0.20)	0.00	(0.32)	0.00	0.00	3.96	(4.74)	12.66
DM	4.87	(0.46)	0.00	(0.35)	0.00	0.00	12.64	(10.66)	33.41
SSYS	2.49	0.12	0.06	0.10	2.37	(3.24)	6.12	(3.36)	27.38
NNDM	2.41	(0.06)	0.00	1.26	0.00	0.00	6.35	(4.10)	23.92

Super Micro Corporate Management

Michael Staiger	Vice Development	Profile
ShinChun Hsu	Senior Business	Profile
George Kao	Senior Operations	Profile
Don Clegg	Senior Sales	Profile
Michael McNerney	Vice Security	Profile

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