SMX Public Correlations

SMXWW Stock

0.01 0.01 28.57%

The current 90-days correlation between SMX Public Limited and Inflection Point Acquisition is -0.02 (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

Good diversification

The correlation between SMX Public Limited and DJI is -0.11 (i.e., Good 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.

Build AI portfolio with SMX Stock

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 housing.

Moving against SMX Stock

0.59	BR	Broadridge Financial	Pair Corr
0.52	FTEK	Fuel Tech	Pair Corr
0.51	DLHC	DLH Holdings Corp	Pair Corr
0.42	GFL	Gfl Environmental	Pair Corr
0.4	VLTO	Veralto Sell-off Trend	Pair Corr
0.39	VRSK	Verisk Analytics	Pair Corr
0.37	WM	Waste Management	Pair Corr
0.37	VSEC	VSE Corporation	Pair Corr
0.36	ACU	Acme United	Pair Corr
0.36	HNI	HNI Corp	Pair Corr
0.33	BV	BrightView Holdings	Pair Corr
0.57	MIMI	Mint Incorporation Downward Rally	Pair Corr
0.54	BE	Bloom Energy Corp	Pair Corr
0.52	J	Jacobs Solutions	Pair Corr
0.46	CTAS	Cintas	Pair Corr
0.46	AZ	A2Z Smart Technologies	Pair Corr
0.46	BW	Babcock Wilcox Enter	Pair Corr
0.44	BA	Boeing Aggressive Push	Pair Corr
0.43	ZONE	CleanCore Solutions	Pair Corr
0.42	CR	Crane Company	Pair Corr
0.4	AL	Air Lease	Pair Corr
0.39	AP	Ampco Pittsburgh	Pair Corr
0.38	HDSN	Hudson Technologies	Pair Corr
0.38	CP	Canadian Pacific Railway	Pair Corr
0.32	NIXX	Nixxy, Inc Symbol Change	Pair Corr

Related Correlations Analysis

	IPCXU	DOOO	SWMD	ALDF	TOON	SVSN
IPCXU		0.42	0.0	-0.05	-0.07	0.0	IPCXU
DOOO	0.42		0.0	0.81	0.64	0.0	DOOO
SWMD	0.0	0.0		0.0	0.0	1.0	SWMD
ALDF	-0.05	0.81	0.0		0.84	0.0	ALDF
TOON	-0.07	0.64	0.0	0.84		0.0	TOON
SVSN	0.0	0.0	1.0	0.0	0.0		SVSN
	IPCXU	DOOO	SWMD	ALDF	TOON	SVSN

Click cells to compare fundamentals

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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

SVSN	+ 1.0	SWMD
TOON	+ 0.84	ALDF
ALDF	+ 0.81	DOOO
TOON	+ 0.64	DOOO
DOOO	+ 0.42	IPCXU
SWMD	+ 0.0	IPCXU

High negative correlations

TOON	- 0.07	IPCXU
ALDF	- 0.05	IPCXU
SVSN	- 0.0	TOON
SVSN	- 0.0	ALDF
TOON	- 0.0	SWMD
ALDF	- 0.0	SWMD

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
IPCXU	0.32	0.10	0.09	(5.40)	0.00	(0.48)	0.86	(0.66)	2.90
DOOO	2.30	0.35	0.12	0.37	2.70	(2.52)	5.72	(4.35)	19.19
SWMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALDF	0.18	0.05	(0.05)	(5.25)	0.00	(0.27)	0.48	(0.38)	1.54
TOON	3.23	0.27	0.06	0.34	3.47	(4.14)	6.33	(5.95)	27.78
SVSN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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