SMTI vs TOP: Correlation
How closely do Sanara MedTech Inc. (SMTI) and TOP Financial Group Limited - Class A (TOP) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMTI and TOP?
On 3 years of weekly data the SMTI/TOP correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.44). The 5-year figure is -0.00, and annualized covariance runs at 5214.4 %².
TOP is one of the assets that tracks SMTI most closely: it ranks #3 out of the 10 assets we track against SMTI. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1216.0 percentage points (+1.9% for SMTI against +1217.9% for TOP). Risk is not evenly split, since TOP carries 4.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SMTI vs TOP: side by side
| SMTI (Sanara MedTech Inc.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | +1.9% | +1217.9% |
| 5-year return | -0.3% | -9.2% |
| Volatility (ann.) | 51.5% | 230.2% |
| Beta vs S&P 500 | 1.20 | 1.60 |
| Max drawdown (3Y) | -60.7% | -89.6% |
| Market cap | $0.3B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMTI | TOP |
|---|---|---|
| 2022 | +54.0% | – |
| 2023 | -9.7% | -22.5% |
| 2024 | -19.2% | -59.5% |
| 2025 | -29.7% | -34.3% |
| 2026 | +48.1% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMTI and TOP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SMTI and TOP?
As of 2026-08-27, the correlation of weekly returns between SMTI and TOP is 0.44 over 3 years, 0.57 over 1 year and -0.00 over 5 years.
Is TOP a good diversifier for SMTI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/smti-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/smti-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SMTI correlations · TOP correlations
