Super Micro Correlations

SMCI Stock

USD 34.10 0.00 0.00%

The current 90-days correlation between Super Micro Computer and Pure Storage is 0.2 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Super Micro Correlation With Market

Weak diversification

The correlation between Super Micro Computer and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Super Micro Computer and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Super 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 closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Super Stock

0.64	PATH	Uipath Inc	Pair Corr
0.69	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Super Stock

0.54	MCD	McDonalds	Pair Corr
0.42	VLCN	VLCN Old Symbol Change	Pair Corr
0.42	VZ	Verizon Communications Aggressive Push	Pair Corr
0.42	CVX	Chevron Corp	Pair Corr
0.4	DIS	Walt Disney	Pair Corr
0.36	T	ATT Inc Aggressive Push	Pair Corr
0.36	KO	Coca Cola	Pair Corr
0.33	PG	Procter Gamble	Pair Corr
0.32	AMKBY	AP Moeller Maersk	Pair Corr
0.32	TRV	The Travelers Companies Sell-off Trend	Pair Corr

Related Correlations Analysis

	PSTG	HPQ	HPE	NTAP	SNDK	KEYS	RGTI	BR	TER	MDB
PSTG		0.09	0.72	0.55	0.7	0.52	0.76	-0.85	0.68	0.89	PSTG
HPQ	0.09		0.24	0.61	-0.49	-0.32	-0.1	0.33	-0.48	0.01	HPQ
HPE	0.72	0.24		0.78	0.27	0.43	0.53	-0.44	0.27	0.61	HPE
NTAP	0.55	0.61	0.78		-0.08	0.18	0.28	-0.13	-0.13	0.46	NTAP
SNDK	0.7	-0.49	0.27	-0.08		0.68	0.58	-0.91	0.93	0.72	SNDK
KEYS	0.52	-0.32	0.43	0.18	0.68		0.17	-0.62	0.72	0.65	KEYS
RGTI	0.76	-0.1	0.53	0.28	0.58	0.17		-0.77	0.59	0.47	RGTI
BR	-0.85	0.33	-0.44	-0.13	-0.91	-0.62	-0.77		-0.92	-0.76	BR
TER	0.68	-0.48	0.27	-0.13	0.93	0.72	0.59	-0.92		0.68	TER
MDB	0.89	0.01	0.61	0.46	0.72	0.65	0.47	-0.76	0.68		MDB
	PSTG	HPQ	HPE	NTAP	SNDK	KEYS	RGTI	BR	TER	MDB

Please upgrade your account to get full access to Macroaxis premium features

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

TER	+ 0.93	SNDK
MDB	+ 0.89	PSTG
NTAP	+ 0.78	HPE
RGTI	+ 0.76	PSTG
HPE	+ 0.72	PSTG
MDB	+ 0.72	SNDK

High negative correlations

TER	- 0.92	BR
BR	- 0.91	SNDK
BR	- 0.85	PSTG
BR	- 0.77	RGTI
MDB	- 0.76	BR
BR	- 0.62	KEYS

Risk-Adjusted Indicators

There is a big difference between Super Stock performing well and Super Micro 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 Super Micro'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
PSTG	2.34	0.56	0.24	0.43	1.98	(2.81)	5.32	(4.04)	37.73
HPQ	1.48	(0.22)	0.00	(0.07)	0.00	0.00	4.33	(3.77)	11.97
HPE	1.52	0.03	0.02	0.08	2.86	(1.36)	2.86	(3.84)	14.84
NTAP	1.35	(0.07)	(0.03)	0.01	1.64	(1.51)	2.54	(2.02)	9.84
SNDK	4.94	2.48	0.51	0.58	3.77	(6.12)	15.31	(6.01)	31.87
KEYS	1.28	0.03	0.03	0.08	1.90	(1.28)	2.87	(3.04)	10.70
RGTI	5.85	0.57	0.11	0.23	5.75	(6.41)	14.38	(10.07)	39.88
BR	0.77	(0.24)	0.00	(0.39)	0.00	0.00	1.10	(1.92)	6.60
TER	2.42	0.59	0.22	0.41	2.47	(2.81)	5.49	(4.05)	25.87
MDB	2.42	0.84	0.41	0.64	1.59	(3.05)	4.03	(3.66)	43.10

Super Micro Corporate Management

Michael Staiger	Senior Development	Profile
ShinChun Hsu	Senior Business	Profile
Don Clegg	Senior Sales	Profile
Michael McNerney	Senior Marketing	Profile
David Weigand	CFO, VP	Profile
Joseph Chang	General Counsel	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC