Super Micro Correlations
| SMCI Stock | 10.73 1.07 11.08% |
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
Modest diversification
The correlation between Super Micro Computer and DJI 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 DJI 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
Moving against Super Stock
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| 0.76 | DBM | Doman Building Materials | PairCorr |
| 0.73 | AQN-PD | Algonquin Power Utilities | PairCorr |
| 0.73 | SNAG | Silver North Resources Earnings Call This Week | PairCorr |
| 0.72 | FFH-PI | Fairfax Financial | PairCorr |
| 0.72 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.65 | FFH | Fairfax Financial | PairCorr |
| 0.64 | TIG | Triumph Gold Corp | PairCorr |
| 0.63 | MFC-PP | Manulife Financial Corp | PairCorr |
| 0.6 | GMG | Graphene Manufacturing | PairCorr |
| 0.58 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.55 | SCD | Scandium Canada Earnings Call Today | PairCorr |
| 0.45 | GENM | Generation Mining | PairCorr |
| 0.44 | DAU | Desert Gold Ventures | PairCorr |
| 0.39 | TECK-A | Teck Resources | PairCorr |
| 0.36 | SWLF | Silver Wolf Exploration | PairCorr |
| 0.35 | SNG | Silver Range Resources | PairCorr |
| 0.97 | LLY | Eli Lilly | PairCorr |
| 0.89 | CCL-B | CCL Industries | PairCorr |
| 0.84 | FISH | Sailfish Royalty Corp | PairCorr |
| 0.83 | MERG | Metal Energy Corp Split | PairCorr |
| 0.83 | SFI | Solution Financial | PairCorr |
| 0.83 | GCG-A | Guardian Capital | PairCorr |
| 0.82 | LNR | Linamar | PairCorr |
| 0.73 | ELD | Eldorado Gold Corp | PairCorr |
| 0.72 | BCE-PD | Bce Inc Pref | PairCorr |
| 0.7 | MTL | Mullen Group | PairCorr |
| 0.69 | SBC | Brompton Split Banc Split | PairCorr |
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PVF-PR-U | 0.04 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 1.20 | |||
| UPT-P | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WTE | 0.80 | 0.13 | 0.08 | 0.31 | 0.95 | 1.84 | 4.56 | |||
| HME | 1.38 | (0.08) | 0.00 | (11.57) | 0.00 | 2.94 | 12.29 | |||
| CCA | 1.01 | 0.19 | 0.07 | 0.78 | 1.47 | 3.12 | 10.25 | |||
| SNI-PR-A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| USS | 2.71 | 0.18 | 0.02 | 0.89 | 3.20 | 7.55 | 20.90 | |||
| CMG | 1.29 | (0.25) | 0.00 | (0.25) | 0.00 | 2.33 | 7.68 |
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 Management
Elected by the shareholders, the Super Micro's board of directors comprises two types of representatives: Super Micro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Super. The board's role is to monitor Super Micro's management team and ensure that shareholders' interests are well served. Super Micro'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, Super Micro's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Staiger | Senior Development | Profile | |
| ShinChun Hsu | Senior Business | Profile | |
| Don Clegg | Senior Sales | Profile | |
| Michael McNerney | Senior Marketing | Profile | |
| Joseph Chang | General Counsel | Profile |