Smarttech247 Group Correlations
| S247 Stock | 4.00 0.90 18.37% |
The current 90-days correlation between Smarttech247 Group PLC and Vinanz Limited is -0.01 (i.e., Good diversification). The correlation of Smarttech247 Group 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.
Smarttech247 Group Correlation With Market
Significant diversification
The correlation between Smarttech247 Group PLC and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smarttech247 Group PLC and DJI in the same portfolio, assuming nothing else is changed.
Smarttech247 |
The ability to find closely correlated positions to Smarttech247 Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smarttech247 Group 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 Smarttech247 Group - 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 Smarttech247 Group PLC to buy it.
Moving against Smarttech247 Stock
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Related Correlations Analysis
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 Smarttech247 Stock performing well and Smarttech247 Group 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 Smarttech247 Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BANK | 3.42 | (0.66) | 0.00 | 2.09 | 0.00 | 7.04 | 33.81 | |||
| NEO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BTC | 3.06 | (0.54) | 0.00 | 2.22 | 0.00 | 7.37 | 30.52 | |||
| ZEG | 1.68 | 0.20 | 0.08 | 0.45 | 1.95 | 3.85 | 10.88 | |||
| VAST | 3.37 | (1.19) | 0.00 | (4.37) | 0.00 | 5.56 | 35.19 |
Smarttech247 Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Smarttech247 Group stock to make a market-neutral strategy. Peer analysis of Smarttech247 Group could also be used in its relative valuation, which is a method of valuing Smarttech247 Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Smarttech247 Group Corporate Management
Elected by the shareholders, the Smarttech247 Group's board of directors comprises two types of representatives: Smarttech247 Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Smarttech247. The board's role is to monitor Smarttech247 Group's management team and ensure that shareholders' interests are well served. Smarttech247 Group'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, Smarttech247 Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Edward Skraba | Chief ThreatHub | Profile | |
| Martin Desmond | Financial Secretary | Profile | |
| Adina Dumitrescu | Head Office | Profile | |
| Andy Grzess | Head Technology | Profile |