SMA Solar Correlations
| SMTGF Stock | USD 14.50 1.77 13.90% |
The current 90-days correlation between SMA Solar Technology and Sunrun Inc is 0.1 (i.e., Average diversification). The correlation of SMA Solar 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.
SMA Solar Correlation With Market
Good diversification
The correlation between SMA Solar Technology and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMA Solar Technology and DJI in the same portfolio, assuming nothing else is changed.
SMA |
The ability to find closely correlated positions to SMA Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMA Solar 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 SMA Solar - 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 SMA Solar Technology to buy it.
Moving together with SMA Pink Sheet
| 0.85 | FSLR | First Solar | PairCorr |
| 0.92 | ENPH | Enphase Energy | PairCorr |
| 0.91 | SMTGY | SMA Solar Technology | PairCorr |
| 0.7 | SHG | Shinhan Financial | PairCorr |
| 0.83 | BCH | Banco De Chile | PairCorr |
Moving against SMA Pink Sheet
| 0.9 | MSTR | MicroStrategy Incorporated Buyout Trend | PairCorr |
| 0.88 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.85 | AXON | Axon Enterprise | PairCorr |
| 0.85 | APH | Amphenol Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.82 | FNMFO | Federal National Mortgage | PairCorr |
| 0.82 | CRS | Carpenter Technology | PairCorr |
| 0.78 | LUNR | Intuitive Machines | PairCorr |
| 0.78 | KTB | Kontoor Brands | PairCorr |
| 0.77 | GCPEF | GCL Poly Energy | PairCorr |
| 0.76 | BFLY | Butterfly Network | PairCorr |
| 0.72 | TSLA | Tesla Inc Buyout Trend | PairCorr |
| 0.67 | RUM | Rumble Inc | PairCorr |
| 0.6 | AVAL | Grupo Aval | PairCorr |
| 0.59 | CIB | Bancolombia SA ADR | PairCorr |
| 0.48 | ITCL | Banco Ita Chile | PairCorr |
| 0.42 | KB | KB Financial Group | PairCorr |
| 0.9 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.89 | OPRA | Opera | PairCorr |
| 0.89 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.88 | VST | Vistra Energy Corp Sell-off Trend | PairCorr |
| 0.87 | SECYF | Secure Energy Services | PairCorr |
| 0.85 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.85 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.84 | PLTR | Palantir Technologies Buyout Trend | PairCorr |
| 0.83 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between SMA Pink Sheet performing well and SMA Solar 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 SMA Solar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XISHY | 3.80 | 0.40 | 0.03 | (0.16) | 4.65 | 9.92 | 26.67 | |||
| XNYIF | 2.02 | 0.38 | 0.03 | (3.10) | 2.96 | 7.89 | 46.58 | |||
| RUN | 3.35 | (0.58) | 0.00 | 0.34 | 0.00 | 5.95 | 38.57 | |||
| SMTGY | 2.64 | (0.28) | 0.00 | 0.72 | 0.00 | 6.47 | 21.04 | |||
| GCPEF | 5.72 | 1.25 | 0.08 | (3.21) | 5.94 | 18.18 | 65.08 | |||
| VSOLF | 10.60 | (2.92) | 0.00 | 3.67 | 0.00 | 17.86 | 171.92 | |||
| SHLS | 3.11 | (0.61) | 0.00 | (0.41) | 0.00 | 6.27 | 23.33 | |||
| ENPH | 3.03 | (0.40) | 0.00 | 0.78 | 0.00 | 5.28 | 23.14 | |||
| FSLR | 2.36 | (0.20) | 0.00 | 1.14 | 0.00 | 4.34 | 15.90 | |||
| CSIQ | 4.32 | 0.12 | (0.01) | (0.01) | 6.16 | 9.74 | 35.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SMA Solar 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 Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
| All Next | Launch Module |
SMA Solar Corporate Management
| Jurgen Reinert | Head CEO | Profile | |
| Thomas Pixa | CFO Board | Profile | |
| Volker Wachenfeld | VP Integration | Profile | |
| Julia Damm | Ma Relations | Profile | |
| Marko Werner | Ex Sales | Profile | |
| Volker Wasgindt | Head Affairs | Profile | |
| Anja Jasper | Head Communications | Profile |