Solarmax Technology Correlations

SMXT Stock

1.14 0.05 4.20%

The current 90-days correlation between Solarmax Technology and Vacasa Inc is 0.27 (i.e., Modest diversification). The correlation of Solarmax Technology 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.

Solarmax Technology Correlation With Market

Significant diversification

The correlation between Solarmax Technology Common and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solarmax Technology Common 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 Solarmax Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Solarmax Stock

0.73	VSTE	Vast Renewables	Pair Corr
0.65	EFSH	1847 Holdings LLC	Pair Corr
0.69	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.63	GFF	Griffon	Pair Corr
0.75	FSTR	LB Foster	Pair Corr
0.8	MLR	Miller Industries	Pair Corr
0.72	MPU	Mega Matrix Corp	Pair Corr
0.72	RUN	Sunrun Inc Downward Rally	Pair Corr
0.64	SOL	Emeren Group	Pair Corr
0.74	WAB	Westinghouse Air Brake	Pair Corr
0.75	ZEO	Zeo Energy Corp	Pair Corr
0.8	HYLN	Hyliion Holdings Corp	Pair Corr
0.63	MVSTW	Microvast Holdings	Pair Corr
0.67	ARRY	Array Technologies	Pair Corr
0.62	SHLS	Shoals Technologies	Pair Corr
0.61	SLDP	Solid Power	Pair Corr
0.61	BEEM	Beam Global	Pair Corr
0.67	J	Jacobs Solutions	Pair Corr
0.64	AP	Ampco Pittsburgh	Pair Corr
0.63	BV	BrightView Holdings	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.67	CW	Curtiss Wright	Pair Corr

Moving against Solarmax Stock

0.37	BBU	Brookfield Business	Pair Corr
0.54	EH	Ehang Holdings	Pair Corr
0.47	LZ	LegalZoom	Pair Corr
0.46	KC	Kingsoft Cloud Holdings	Pair Corr
0.33	DE	Deere Company	Pair Corr

Related Correlations Analysis

	LTM	WDC	VCSA	UBER	ARW	ICAGY	LUV	FARO
LTM		-0.14	0.61	0.68	-0.67	0.36	-0.52	0.32	LTM
WDC	-0.14		0.0	0.33	0.53	0.52	-0.21	0.22	WDC
VCSA	0.61	0.0		0.42	-0.43	0.23	-0.22	0.34	VCSA
UBER	0.68	0.33	0.42		-0.35	0.48	-0.6	0.28	UBER
ARW	-0.67	0.53	-0.43	-0.35		0.11	0.2	0.16	ARW
ICAGY	0.36	0.52	0.23	0.48	0.11		-0.63	0.52	ICAGY
LUV	-0.52	-0.21	-0.22	-0.6	0.2	-0.63		-0.38	LUV
FARO	0.32	0.22	0.34	0.28	0.16	0.52	-0.38		FARO
	LTM	WDC	VCSA	UBER	ARW	ICAGY	LUV	FARO

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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

UBER	+ 0.68	LTM
VCSA	+ 0.61	LTM
ARW	+ 0.53	WDC
ICAGY	+ 0.52	WDC
FARO	+ 0.52	ICAGY
ICAGY	+ 0.48	UBER

High negative correlations

ARW	- 0.67	LTM
LUV	- 0.63	ICAGY
LUV	- 0.6	UBER
LUV	- 0.52	LTM
ARW	- 0.43	VCSA
FARO	- 0.38	LUV

Risk-Adjusted Indicators

There is a big difference between Solarmax Stock performing well and Solarmax Technology 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 Solarmax Technology'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
LTM	1.01	0.21	0.16	2.37	1.12	(1.07)	2.35	(2.08)	8.36
WDC	2.10	(0.13)	0.00	(0.10)	0.00	0.00	4.74	(4.46)	13.32
VCSA	1.49	0.59	0.47	(3.02)	0.53	(2.22)	2.68	(1.35)	31.66
UBER	1.92	0.31	0.14	0.48	2.11	(2.12)	4.72	(3.13)	12.75
ARW	1.24	(0.11)	0.00	(0.13)	0.00	0.00	2.24	(2.62)	6.75
ICAGY	1.84	0.00	0.00	0.00	2.49	(1.88)	3.23	(4.01)	11.01
LUV	1.42	0.03	0.02	0.07	1.75	(1.49)	2.99	(2.82)	9.18
FARO	2.83	0.23	0.08	0.15	2.70	(3.43)	4.78	(4.20)	22.69

Solarmax Technology Corporate Executives

Elected by the shareholders, the Solarmax Technology's board of directors comprises two types of representatives: Solarmax Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solarmax. The board's role is to monitor Solarmax Technology's management team and ensure that shareholders' interests are well served. Solarmax Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Solarmax Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Stephen Brown

CFO Secretary

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