Super Micro Correlations

SMCI Stock

USD 31.37 0.96 2.97%

The current 90-days correlation between Super Micro Computer and Pure Storage is 0.21 (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 0.32 (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 world development indicators.

Moving together with Super Stock

0.86	MSFT	Microsoft	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.8	BA	Boeing	Pair Corr

Moving against Super Stock

0.88	MTC	MMTEC Inc Trending	Pair Corr
0.87	PPERY	Bank Mandiri Persero	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.67	NHIC	NewHold Investment Corp	Pair Corr
0.61	AAPL	Apple Inc	Pair Corr
0.59	PBCRY	Bank Central Asia	Pair Corr
0.57	JBHT	JB Hunt Transport	Pair Corr
0.49	PPERF	Bank Mandiri Persero	Pair Corr
0.48	PTBRY	Bank Negara Indonesia	Pair Corr
0.45	MZHOF	Mizuho Financial	Pair Corr
0.43	JPSTF	JAPAN POST BANK	Pair Corr
0.35	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.31	BKRKF	PT Bank Rakyat	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.78	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.6	AXP	American Express	Pair Corr
0.6	BAC	Bank of America Aggressive Push	Pair Corr
0.54	CAT	Caterpillar	Pair Corr
0.44	IBM	International Business Sell-off Trend	Pair Corr
0.36	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	PSTG	HPQ	HPE	NTAP	SNDK	KEYS	RGTI	BR	TER	MDB
PSTG		0.45	0.23	0.13	-0.16	-0.59	0.58	-0.19	-0.3	-0.49	PSTG
HPQ	0.45		0.76	0.86	-0.71	-0.42	0.44	0.5	-0.58	-0.34	HPQ
HPE	0.23	0.76		0.82	-0.56	-0.14	0.36	0.45	-0.34	-0.05	HPE
NTAP	0.13	0.86	0.82		-0.78	-0.16	0.2	0.7	-0.54	-0.18	NTAP
SNDK	-0.16	-0.71	-0.56	-0.78		0.53	-0.18	-0.8	0.86	0.62	SNDK
KEYS	-0.59	-0.42	-0.14	-0.16	0.53		-0.45	-0.26	0.8	0.85	KEYS
RGTI	0.58	0.44	0.36	0.2	-0.18	-0.45		-0.24	-0.12	-0.27	RGTI
BR	-0.19	0.5	0.45	0.7	-0.8	-0.26	-0.24		-0.75	-0.36	BR
TER	-0.3	-0.58	-0.34	-0.54	0.86	0.8	-0.12	-0.75		0.82	TER
MDB	-0.49	-0.34	-0.05	-0.18	0.62	0.85	-0.27	-0.36	0.82		MDB
	PSTG	HPQ	HPE	NTAP	SNDK	KEYS	RGTI	BR	TER	MDB

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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

NTAP	+ 0.86	HPQ
TER	+ 0.86	SNDK
MDB	+ 0.85	KEYS
NTAP	+ 0.82	HPE
MDB	+ 0.82	TER
TER	+ 0.8	KEYS

High negative correlations

BR	- 0.8	SNDK
SNDK	- 0.78	NTAP
TER	- 0.75	BR
SNDK	- 0.71	HPQ
KEYS	- 0.59	PSTG
TER	- 0.58	HPQ

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	2.63	(0.20)	0.00	(0.10)	0.00	0.00	5.32	(5.40)	34.28
HPQ	1.66	(0.29)	0.00	(0.09)	0.00	0.00	3.11	(3.97)	13.82
HPE	1.77	(0.15)	0.00	(0.02)	0.00	0.00	2.88	(4.15)	14.84
NTAP	1.36	(0.20)	0.00	(0.08)	0.00	0.00	3.17	(2.85)	8.54
SNDK	5.73	1.31	0.22	0.34	6.29	(6.53)	15.14	(9.85)	37.19
KEYS	1.46	0.17	0.11	0.15	1.82	(1.60)	2.87	(2.83)	10.43
RGTI	6.27	0.77	0.13	0.33	6.15	(6.97)	15.28	(10.45)	39.88
BR	0.76	(0.18)	0.00	(0.34)	0.00	0.00	1.15	(1.67)	5.47
TER	2.71	0.70	0.23	0.36	2.89	(3.11)	6.80	(5.23)	27.80
MDB	2.01	0.31	0.16	0.32	1.81	(2.32)	3.53	(3.66)	24.50

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

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