ATA Creativity Correlations

AACG Stock

USD 0.82 0.01 1.20%

The current 90-days correlation between ATA Creativity Global and American Public Education is 0.08 (i.e., Significant diversification). The correlation of ATA Creativity 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.

ATA Creativity Correlation With Market

Average diversification

The correlation between ATA Creativity Global and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATA Creativity Global and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATA Creativity Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with ATA Stock

0.77	JZ	Jianzhi Education	Pair Corr
0.71	EEIQ	Elite Education Group	Pair Corr
0.68	GSUN	Golden Sun Education	Pair Corr
0.65	AMBO	Ambow Education Holding	Pair Corr
0.73	SKIL	Skillsoft Corp	Pair Corr

Moving against ATA Stock

0.86	COE	51Talk Online Education	Pair Corr
0.69	QSG	QuantaSing Group	Pair Corr
0.56	YQ	17 Education Technology	Pair Corr
0.54	FEDU	Four Seasons Education	Pair Corr
0.54	EDU	New Oriental Education	Pair Corr
0.54	TAL	TAL Education Group	Pair Corr
0.5	IH	Ihuman Inc Trending	Pair Corr
0.5	GNS	Genius Group	Pair Corr
0.82	LGCY	Legacy Education	Pair Corr
0.7	LINC	Lincoln Educational	Pair Corr
0.67	VSA	TCTM Kids IT Symbol Change	Pair Corr
0.67	MYND	Myndai,	Pair Corr
0.64	APEI	American Public Education	Pair Corr
0.54	PRDO	Perdoceo Education Corp	Pair Corr
0.53	GOTU	Gaotu Techedu DRC	Pair Corr
0.51	LAUR	Laureate Education	Pair Corr
0.44	UTI	Universal Technical	Pair Corr
0.32	ATGE	Adtalem Global Education	Pair Corr
0.8	CHGG	Chegg Inc	Pair Corr
0.8	BH	Biglari Holdings	Pair Corr
0.77	W	Wayfair	Pair Corr
0.75	FL	Foot Locker	Pair Corr

Related Correlations Analysis

	VSTA	AMBO	STG	COGNY	APEI	AAME	WAFU	JG
VSTA		-0.21	-0.32	-0.85	-0.79	-0.55	-0.61	-0.67	VSTA
AMBO	-0.21		-0.03	-0.04	-0.17	-0.34	0.34	-0.29	AMBO
STG	-0.32	-0.03		0.17	0.5	0.44	0.07	0.56	STG
COGNY	-0.85	-0.04	0.17		0.8	0.55	0.46	0.67	COGNY
APEI	-0.79	-0.17	0.5	0.8		0.8	0.39	0.9	APEI
AAME	-0.55	-0.34	0.44	0.55	0.8		0.19	0.76	AAME
WAFU	-0.61	0.34	0.07	0.46	0.39	0.19		0.19	WAFU
JG	-0.67	-0.29	0.56	0.67	0.9	0.76	0.19		JG
	VSTA	AMBO	STG	COGNY	APEI	AAME	WAFU	JG

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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

JG	+ 0.9	APEI
APEI	+ 0.8	COGNY
AAME	+ 0.8	APEI
JG	+ 0.76	AAME
JG	+ 0.67	COGNY
JG	+ 0.56	STG

High negative correlations

COGNY	- 0.85	VSTA
APEI	- 0.79	VSTA
JG	- 0.67	VSTA
WAFU	- 0.61	VSTA
AAME	- 0.55	VSTA
AAME	- 0.34	AMBO

Risk-Adjusted Indicators

There is a big difference between ATA Stock performing well and ATA Creativity 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 ATA Creativity'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
VSTA	1.56	(0.23)	0.00	(6.88)	0.00	0.00	3.20	(4.36)	11.83
AMBO	3.32	0.04	0.00	0.22	4.25	(3.35)	7.26	(6.52)	26.86
STG	4.88	1.52	0.32	4.66	3.50	(7.28)	18.68	(7.88)	31.32
COGNY	5.49	0.62	0.07	21.51	5.95	(7.35)	16.00	(10.81)	40.59
APEI	2.03	0.35	0.09	1.11	2.45	(2.14)	5.49	(4.41)	11.58
AAME	2.68	0.59	0.25	0.60	2.03	(3.68)	8.33	(3.37)	21.53
WAFU	2.46	0.11	(0.01)	(0.73)	2.51	(3.23)	4.96	(4.14)	15.73
JG	3.12	0.78	0.14	(0.49)	3.04	(3.59)	6.51	(5.49)	17.97

ATA Creativity Corporate Management

Xiaofeng Ma	Chairman CoFounder	Profile
KwanHung Tsang	Independent Consultant	Profile
Haichang Xiong	General Counsel	Profile
Amy Tung	Advisor	Profile
Ruobai Sima	Chief Officer	Profile
Lin Wang	CoFounder Consultant	Profile

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