Smith AO Correlations
| AOS Stock | USD 86.69 0.23 0.27% |
The correlation of Smith AO 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Smith AO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smith AO moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Poor diversification
The correlation between Smith AO and NYA is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smith AO and NYA in the same portfolio, assuming nothing else is changed.
Smith |
The ability to find closely correlated positions to Smith AO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smith AO 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 Smith AO - 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 Smith AO to buy it.
Moving together with Smith Stock
| 0.62 | B | Barnes Group Earnings Call This Week | PairCorr |
| 0.8 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.78 | HI | Hillenbrand Financial Report 13th of May 2024 | PairCorr |
| 0.81 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
| 0.77 | PH | Parker Hannifin Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | DNOW | Now Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
| 0.86 | FELE | Franklin Electric Financial Report 7th of May 2024 | PairCorr |
| 0.84 | AME | Ametek Inc Financial Report 7th of May 2024 | PairCorr |
| 0.85 | CMI | Cummins Financial Report 7th of May 2024 | PairCorr |
| 0.91 | DCI | Donaldson Financial Report 29th of May 2024 | PairCorr |
Moving against Smith Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Smith Stock performing well and Smith AO 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 Smith AO'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DOV | 0.83 | 0.14 | 0.18 | 0.16 | 0.68 | 1.68 | 6.50 | |||
| ITW | 0.70 | (0.08) | 0.00 | (0.03) | 0.00 | 1.08 | 3.43 | |||
| XYL | 0.83 | 0.14 | 0.18 | 0.18 | 0.57 | 1.99 | 6.19 | |||
| FELE | 0.96 | 0.02 | 0.03 | 0.07 | 1.33 | 2.32 | 6.76 | |||
| PNR | 1.01 | 0.07 | 0.09 | 0.10 | 0.95 | 2.24 | 4.75 | |||
| PH | 0.93 | 0.15 | 0.21 | 0.16 | 0.60 | 2.04 | 9.08 | |||
| EMR | 0.84 | 0.25 | 0.22 | 1.05 | 0.58 | 1.50 | 12.09 | |||
| ETN | 1.09 | 0.30 | 0.25 | 0.29 | 0.84 | 2.26 | 11.18 | |||
| CMI | 1.00 | 0.36 | 0.22 | (1.99) | 0.85 | 2.34 | 6.97 | |||
| GGG | 0.73 | 0.00 | 0.01 | 0.06 | 0.79 | 1.54 | 3.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Smith AO 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?
Run Watchlist Optimization Now
Watchlist OptimizationOptimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
| All Next | Launch Module |
Smith AO Corporate Directors
Smith AO corporate directors refer to members of a Smith AO board of directors. The board of directors generally takes responsibility for the Smith AO's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Smith AO's board members must vote for the resolution. The Smith AO board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gene Wulf | Independent Director | Profile | |
| Bruce Smith | Presiding Independent Director | Profile | |
| Paul Jones | Independent Director | Profile | |
| Ronald Brown | Presiding Independent Director | Profile |
Already Invested in Smith AO?
The danger of trading Smith AO is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Smith AO is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Smith AO. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Smith AO is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Smith AO is a strong investment it is important to analyze Smith AO's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Smith AO's future performance. For an informed investment choice regarding Smith Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Smith AO. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Smith Stock please use our How to Invest in Smith AO guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Smith Stock analysis
When running Smith AO's price analysis, check to measure Smith AO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smith AO is operating at the current time. Most of Smith AO's value examination focuses on studying past and present price action to predict the probability of Smith AO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith AO's price. Additionally, you may evaluate how the addition of Smith AO to your portfolios can decrease your overall portfolio volatility.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Smith AO's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Smith AO. If investors know Smith will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Smith AO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.268 | Dividend Share 1.22 | Earnings Share 3.69 | Revenue Per Share 25.693 | Quarterly Revenue Growth 0.056 |
The market value of Smith AO is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith AO's value that differs from its market value or its book value, called intrinsic value, which is Smith AO's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Smith AO's market value can be influenced by many factors that don't directly affect Smith AO's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Smith AO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith AO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith AO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.