SunCar Technology Correlations

Stocks . USA . 
Stock . SunCar Technology Group
SDAWW Stock   0.07  0  4.21%   
The current 90-days correlation between SunCar Technology and Stratasys is -0.13 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SunCar Technology Correlation With Market

Modest diversification

The correlation between SunCar Technology Group and DJI is 0.2 (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 housing.

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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.

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