Solarmax Technology Inc. Common Stock (SMXT) — Stock Correlations & Overview
Over the past year, SMXT has moved most closely with BFOC, EH, XXII. Explore the stocks most correlated and inversely correlated with SMXT below, along with its price, financials, and company profile.
Stocks correlated with SMXT
Correlation of daily returns. Higher positive values move with SMXT; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMXT
| Symbol | Company | Correlation |
|---|---|---|
| BFOC | FT Vest Bitcoin Strategy Floor15 ETF - October | 0.32 |
| EH | EHang Holdings Limited ADS | 0.31 |
| XXII | 22nd Century Group Inc.CIGARETTES | 0.28 |
| WRAP | Wrap Technologies, Inc. Common StockORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) | 0.27 |
| BULLW | Webull Corporation Warrants | 0.27 |
Most inversely correlated with SMXT
| Symbol | Company | Correlation |
|---|---|---|
| CCTG | CCSC Technology International Holdings Limited Class A Ordinary Shares | -0.25 |
| BITI | ProShares Short Bitcoin ETF | -0.25 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.24 |
| ODC | Oil-Dri Corporation of AmericaMISCELLANEOUS MANUFACTURING INDUSTRIES | -0.24 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.24 |
Frequently asked questions about SMXT correlations
- Which stocks are most correlated with SMXT?
- Based on one year of daily returns, the stocks most correlated with Solarmax Technology Inc. Common Stock (SMXT) are BFOC (0.32), EH (0.31) and XXII (0.28). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SMXT?
- Over the past year, the stocks most inversely correlated with Solarmax Technology Inc. Common Stock (SMXT) are CCTG (-0.25), BITI (-0.25) and BTCZ (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SMXT correlations calculated?
- We compute the correlation of daily returns between SMXT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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