SunCar Technology Correlations

SDA Stock

2.41 0.02 0.84%

The current 90-days correlation between SunCar Technology and Vroom, Common Stock is 0.03 (i.e., Significant diversification). The correlation of SunCar Technology 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.

SunCar Technology Correlation With Market

Modest diversification

The correlation between SunCar Technology Group and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SunCar Technology Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SunCar Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunCar Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving against SunCar Stock

0.55	BH	Biglari Holdings	Pair Corr
0.54	VVV	Valvoline	Pair Corr
0.46	KFS	Kingsway Financial	Pair Corr
0.43	W	Wayfair	Pair Corr
0.43	EM	Smart Share Global	Pair Corr
0.38	AN	AutoNation Earnings Call This Week	Pair Corr
0.36	DIBS	1StdibsCom	Pair Corr
0.33	F	Ford Motor Earnings Call Next Week	Pair Corr
0.31	BC	Brunswick	Pair Corr
0.52	QS	Quantumscape Corp Earnings Call Next Week	Pair Corr
0.46	YJ	Yunji Inc	Pair Corr
0.45	JL	J Long Group	Pair Corr
0.44	LE	Lands End	Pair Corr
0.42	DKNG	DraftKings	Pair Corr
0.38	VC	Visteon Corp	Pair Corr
0.37	TH	Target Hospitality Corp	Pair Corr

Related Correlations Analysis

	UCAR	CVNA	KMX	VRM	AN	BWIN	UGP	SID	DWSN
UCAR		0.72	0.18	-0.41	0.87	-0.06	0.56	-0.48	0.63	UCAR
CVNA	0.72		-0.1	-0.62	0.87	-0.42	0.44	-0.17	0.31	CVNA
KMX	0.18	-0.1		-0.1	0.1	0.23	0.06	-0.27	-0.05	KMX
VRM	-0.41	-0.62	-0.1		-0.45	0.57	0.12	0.42	-0.14	VRM
AN	0.87	0.87	0.1	-0.45		-0.17	0.68	-0.21	0.42	AN
BWIN	-0.06	-0.42	0.23	0.57	-0.17		0.17	-0.13	-0.08	BWIN
UGP	0.56	0.44	0.06	0.12	0.68	0.17		0.16	0.36	UGP
SID	-0.48	-0.17	-0.27	0.42	-0.21	-0.13	0.16		-0.26	SID
DWSN	0.63	0.31	-0.05	-0.14	0.42	-0.08	0.36	-0.26		DWSN
	UCAR	CVNA	KMX	VRM	AN	BWIN	UGP	SID	DWSN

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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

AN	+ 0.87	UCAR
AN	+ 0.87	CVNA
CVNA	+ 0.72	UCAR
UGP	+ 0.68	AN
DWSN	+ 0.63	UCAR
BWIN	+ 0.57	VRM

High negative correlations

VRM	- 0.62	CVNA
SID	- 0.48	UCAR
AN	- 0.45	VRM
BWIN	- 0.42	CVNA
VRM	- 0.41	UCAR
SID	- 0.27	KMX

Risk-Adjusted Indicators

There is a big difference between SunCar Stock performing well and SunCar Technology 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 SunCar Technology'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
UCAR	3.91	0.63	0.09	3.61	4.18	(4.33)	9.76	(7.07)	33.60
CVNA	2.83	0.62	0.25	0.50	2.76	(3.20)	6.37	(6.28)	32.63
KMX	1.94	(0.54)	0.00	(0.10)	0.00	0.00	4.48	(3.88)	26.21
VRM	3.15	0.04	(0.03)	0.42	4.90	(3.06)	8.39	(7.94)	27.32
AN	1.39	0.19	0.17	0.39	0.98	(1.75)	3.39	(1.54)	15.35
BWIN	2.09	(0.30)	(0.09)	0.01	2.50	(2.32)	4.39	(4.20)	17.15
UGP	1.84	0.02	(0.04)	0.27	2.12	(2.01)	4.24	(3.56)	13.47
SID	2.55	(0.17)	(0.03)	0.11	3.25	(2.86)	5.41	(6.38)	19.59
DWSN	6.03	0.76	0.10	0.97	6.03	(8.94)	9.32	(11.86)	132.98

SunCar Technology Corporate Executives

Elected by the shareholders, the SunCar Technology's board of directors comprises two types of representatives: SunCar Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SunCar. The board's role is to monitor SunCar Technology's management team and ensure that shareholders' interests are well served. SunCar Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SunCar Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhunfu Lei

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