Super Micro Computer, Inc. (SMCIP)
Daily ERM3 factor decomposition: how much of SMCIP's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $35.09
- Market cap
- $21.1B
- 23-day vol
- 73.0%
- Sector proxy
- XLK
- Subsector proxy
- RSPT
Risk and decomposition modeled on SMCI.
The two share classes have one modelled return series between them, so every figure on this page — including price and market cap — is SMCI's.
Risk DNA
32% of SMCIP's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
SMCIP carries 67% stock-specific risk against a peer average of 80% — less of what happens here is specific to this name than is typical for its cohort.
Subsector (-0.6%) covaried negatively with SMCIP over this window, offsetting its variance rather than adding to it. Clamped to 0% for the bar and the remaining layers renormalized, so the percentages above sum to 100.
ETF hedge ratios
Dollars of ETF to short per $1 of SMCIP held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (RSPT) | Explained risk |
|---|---|---|---|---|
| L1 | $-4.10 | — | — | 26.1% |
| L2 | $-1.36 | $-1.54 | — | 32.8% |
| L3 | $-1.48 | $-1.14 | $-0.35 | 32.1% |
Data as of October 29, 2026. Updated daily from the ERM3 pipeline.
13F filers holding SMCIP
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
Browse every tracked 13F filer.
Go deeper on SMCIP
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