SM Investments Correlations

SVTMF Stock

USD 12.64 0.00 0.00%

The current 90-days correlation between SM Investments and Evolution Gaming Group is -0.05 (i.e., Good diversification). The correlation of SM Investments 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.

SM Investments Correlation With Market

Average diversification

The correlation between SM Investments and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SM Investments and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SM Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SM Investments 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 SM Investments - 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 SM Investments to buy it.

Moving together with SVTMF Pink Sheet

0.84

ELPQF

El Puerto de Earnings Call This Week

Pair Corr

Moving against SVTMF Pink Sheet

0.87	DDS	Dillards,	Pair Corr
0.83	PTAIY	Astra International Tbk	Pair Corr
0.81	EC	Ecopetrol SA ADR	Pair Corr
0.77	TOKUY	Tokyu Corp ADR	Pair Corr
0.69	SRGHY	Shoprite Holdings	Pair Corr
0.67	TOKUF	Tokyu	Pair Corr
0.56	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.52	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	SSNLF	Samsung Electronics	Pair Corr
0.9	DOOO	BRP Inc	Pair Corr
0.87	LSCC	Lattice Semiconductor	Pair Corr
0.82	AKR	Acadia Realty Trust	Pair Corr
0.81	CFR-PB	CullenFrost Bankers	Pair Corr
0.78	L	Loews Corp	Pair Corr
0.76	AVR	Anteris Technologies	Pair Corr
0.72	NTES	NetEase	Pair Corr
0.7	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.55	ASX	ASE Industrial Holding Earnings Call This Week	Pair Corr
0.54	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.54	TRTX	TPG RE Finance	Pair Corr
0.52	CNA	CNA Financial	Pair Corr
0.41	RCAT	Red Cat Holdings	Pair Corr
0.32	TMQ	Trilogy Metals	Pair Corr
0.94	BNL	Broadstone Net Lease	Pair Corr
0.89	SPG	Simon Property Group	Pair Corr
0.85	ACR-PC	ACRES Commercial Realty	Pair Corr
0.83	ZCUSX	Corn Futures	Pair Corr
0.8	SHO	Sunstone Hotel Investors	Pair Corr
0.71	FUJIF	FUJIFILM Holdings	Pair Corr

Related Correlations Analysis

	EVVTY	PTAIY	EVGGF	SKHSF	FUJHY	PRDSY	GWLLY	SKHSY	FUJHF	PRDSF
EVVTY		-0.56	0.91	0.21	-0.3	-0.28	-0.13	0.42	-0.29	-0.18	EVVTY
PTAIY	-0.56		-0.61	0.15	0.69	0.22	0.6	0.12	0.62	0.1	PTAIY
EVGGF	0.91	-0.61		0.25	-0.31	-0.28	-0.16	0.45	-0.26	-0.16	EVGGF
SKHSF	0.21	0.15	0.25		0.46	-0.05	0.63	0.82	0.54	-0.02	SKHSF
FUJHY	-0.3	0.69	-0.31	0.46		0.06	0.61	0.49	0.86	0.12	FUJHY
PRDSY	-0.28	0.22	-0.28	-0.05	0.06		0.11	-0.14	0.12	0.76	PRDSY
GWLLY	-0.13	0.6	-0.16	0.63	0.61	0.11		0.61	0.68	0.15	GWLLY
SKHSY	0.42	0.12	0.45	0.82	0.49	-0.14	0.61		0.51	-0.03	SKHSY
FUJHF	-0.29	0.62	-0.26	0.54	0.86	0.12	0.68	0.51		0.11	FUJHF
PRDSF	-0.18	0.1	-0.16	-0.02	0.12	0.76	0.15	-0.03	0.11		PRDSF
	EVVTY	PTAIY	EVGGF	SKHSF	FUJHY	PRDSY	GWLLY	SKHSY	FUJHF	PRDSF

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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

EVGGF	+ 0.91	EVVTY
FUJHF	+ 0.86	FUJHY
SKHSY	+ 0.82	SKHSF
PRDSF	+ 0.76	PRDSY
FUJHY	+ 0.69	PTAIY
FUJHF	+ 0.68	GWLLY

High negative correlations

EVGGF	- 0.61	PTAIY
PTAIY	- 0.56	EVVTY
FUJHY	- 0.31	EVGGF
FUJHY	- 0.3	EVVTY
FUJHF	- 0.29	EVVTY
PRDSY	- 0.28	EVGGF

Risk-Adjusted Indicators

There is a big difference between SVTMF Pink Sheet performing well and SM Investments 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 SM Investments' 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
EVVTY	1.26	(0.16)	0.00	(0.30)	0.00	0.00	2.32	(3.52)	10.99
PTAIY	1.48	0.27	0.17	0.41	1.15	(2.09)	3.53	(2.44)	12.14
EVGGF	1.52	(0.21)	0.00	(0.52)	0.00	0.00	3.48	(3.96)	12.50
SKHSF	2.35	(0.02)	(0.01)	0.01	2.99	(3.34)	5.75	(6.09)	16.72
FUJHY	1.57	0.30	0.14	0.49	1.66	(1.78)	2.97	(2.75)	22.49
PRDSY	1.89	(0.03)	0.00	0.13	0.00	0.00	3.90	(3.66)	11.84
GWLLY	3.29	0.30	0.04	(0.46)	3.98	(4.22)	6.99	(7.84)	33.49
SKHSY	1.14	0.04	(0.01)	(0.19)	1.48	(1.16)	1.99	(2.37)	8.69
FUJHF	2.21	0.26	0.07	0.74	2.29	(3.15)	4.30	(4.72)	22.49
PRDSF	2.38	0.01	0.00	0.05	3.87	(4.14)	8.18	(7.24)	25.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in SM Investments 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.

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