Super Micro Correlations
| SMCI Stock | USD 738.30 120.50 14.03% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Super Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Super Micro Computer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Super Micro Computer and NYA is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Super Micro Computer and NYA in the same portfolio, assuming nothing else is changed.
Super |
The ability to find closely correlated positions to Super Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Super Micro 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 Super Micro - 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 Super Micro Computer to buy it.
Moving together with Super Stock
| 0.77 | CDW | CDW Corp | PairCorr |
| 0.65 | HPE | Hewlett Packard Ente Financial Report 4th of June 2024 | PairCorr |
| 0.61 | HPQ | HP Inc Financial Report 4th of June 2024 | PairCorr |
| 0.63 | ITRN | Ituran Location | PairCorr |
Moving against Super Stock
| 0.59 | EXTR | Extreme Networks Fiscal Year End 7th of August 2024 | PairCorr |
| 0.54 | BELFB | Bel Fuse B | PairCorr |
| 0.53 | KE | Kimball Electronics Earnings Call This Week | PairCorr |
| 0.49 | MEI | Methode Electronics Financial Report 27th of June 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Super Micro 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?
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Super Micro Corporate Directors
Super Micro corporate directors refer to members of a Super Micro board of directors. The board of directors generally takes responsibility for the Super Micro's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Super Micro's board members must vote for the resolution. The Super Micro board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Saria Tseng | Independent Director | Profile | |
| Sherman Tuan | Independent Director | Profile | |
| HweiMing Tsai | Independent Director | Profile | |
| Tally Liu | Director | Profile |
Already Invested in Super Micro Computer?
The danger of trading Super Micro Computer is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Super Micro is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Super Micro. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Super Micro Computer is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Super Micro Computer offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Super Micro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Super Micro Computer Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Super Micro Computer Stock: 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Super Micro Computer information on this page should be used as a complementary analysis to other Super Micro's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Super Stock analysis
When running Super Micro's price analysis, check to measure Super Micro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Super Micro is operating at the current time. Most of Super Micro's value examination focuses on studying past and present price action to predict the probability of Super Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Super Micro's price. Additionally, you may evaluate how the addition of Super Micro to your portfolios can decrease your overall portfolio volatility.
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Is Super Micro's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Super Micro. If investors know Super will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Super Micro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.288 | Earnings Share 12.79 | Revenue Per Share 218.523 | Quarterly Revenue Growth 2 | Return On Assets 0.1191 |
The market value of Super Micro Computer is measured differently than its book value, which is the value of Super that is recorded on the company's balance sheet. Investors also form their own opinion of Super Micro's value that differs from its market value or its book value, called intrinsic value, which is Super Micro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Super Micro's market value can be influenced by many factors that don't directly affect Super Micro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Super Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Super Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Super Micro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.