SMX Public Correlations

SMX Stock

2.38 0.15 5.93%

The current 90-days correlation between SMX Public Limited and Lichen China Limited is -0.03 (i.e., Good diversification). The correlation of SMX Public 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SMX Public Correlation With Market

Significant diversification

The correlation between SMX Public Limited and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMX Public Limited 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 SMX Public Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with SMX Stock

0.7	SST	System1	Pair Corr
0.63	PRSU	Pursuit Attractions and Symbol Change	Pair Corr
0.73	SFHG	Samfine Creation Holdings	Pair Corr

Moving against SMX Stock

0.62	ULS	UL Solutions	Pair Corr
0.58	G	Genpact Limited	Pair Corr
0.5	AZZ	AZZ Incorporated	Pair Corr
0.5	BR	Broadridge Financial	Pair Corr
0.41	PC	Premium Catering	Pair Corr
0.37	LICN	Lichen China Limited	Pair Corr
0.34	CP	Canadian Pacific Railway	Pair Corr
0.33	CR	Crane Company	Pair Corr
0.69	WM	Waste Management	Pair Corr
0.65	DE	Deere Company	Pair Corr
0.64	LZ	LegalZoom	Pair Corr
0.59	MG	Mistras Group	Pair Corr
0.57	GE	GE Aerospace	Pair Corr
0.52	VACH	Voyager Acquisition Corp	Pair Corr
0.48	VATE	Innovate Corp	Pair Corr
0.47	EH	Ehang Holdings	Pair Corr
0.43	KC	Kingsoft Cloud Holdings	Pair Corr

Related Correlations Analysis

	TISI	LICN	PFSW	SST	ATTO	KODK	NTIP	MMS	FA	CVEO
TISI		-0.43	0.0	0.1	0.0	0.58	0.17	-0.03	0.47	0.6	TISI
LICN	-0.43		0.0	-0.67	0.0	-0.39	-0.26	-0.53	-0.79	-0.62	LICN
PFSW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
SST	0.1	-0.67	0.0		0.0	0.11	0.13	0.64	0.56	0.16	SST
ATTO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ATTO
KODK	0.58	-0.39	0.0	0.11	0.0		-0.18	-0.09	0.58	0.45	KODK
NTIP	0.17	-0.26	0.0	0.13	0.0	-0.18		0.09	-0.16	0.24	NTIP
MMS	-0.03	-0.53	0.0	0.64	0.0	-0.09	0.09		0.41	0.03	MMS
FA	0.47	-0.79	0.0	0.56	0.0	0.58	-0.16	0.41		0.57	FA
CVEO	0.6	-0.62	0.0	0.16	0.0	0.45	0.24	0.03	0.57		CVEO
	TISI	LICN	PFSW	SST	ATTO	KODK	NTIP	MMS	FA	CVEO

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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

MMS	+ 0.64	SST
CVEO	+ 0.6	TISI
KODK	+ 0.58	TISI
FA	+ 0.58	KODK
CVEO	+ 0.57	FA
FA	+ 0.56	SST

High negative correlations

FA	- 0.79	LICN
SST	- 0.67	LICN
CVEO	- 0.62	LICN
MMS	- 0.53	LICN
LICN	- 0.43	TISI
KODK	- 0.39	LICN

Risk-Adjusted Indicators

There is a big difference between SMX Stock performing well and SMX Public 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 SMX Public'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
TISI	3.70	0.43	0.09	0.84	4.54	(3.77)	7.97	(7.91)	29.37
LICN	32.88	15.84	1.11	0.48	8.51	(62.05)	10.96	(17.39)	1,017
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SST	4.88	(0.74)	0.00	(1.08)	0.00	0.00	8.54	(9.26)	46.11
ATTO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KODK	2.86	0.04	0.00	(0.05)	0.00	0.00	5.48	(4.98)	18.97
NTIP	1.48	0.23	0.11	0.40	1.77	(1.89)	3.25	(2.22)	10.73
MMS	1.30	(0.01)	0.00	(0.10)	0.00	0.00	2.55	(2.51)	10.72
FA	1.76	(0.46)	0.00	(0.60)	0.00	0.00	2.68	(4.35)	17.95
CVEO	1.81	(0.05)	0.00	(0.43)	0.00	0.00	3.79	(3.18)	25.93

SMX Public Corporate Management

Yair Grof	Chief VP	Profile
Bus FCIS	Company Secretary	Profile
Ofira Bar	Chief Officer	Profile
Gal Shmueli	Chief Officer	Profile
Tehila Nahum	Head Solutions	Profile
Hagit Sade	Head Applications	Profile

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