Sunlands Technology Correlations

STG Stock

USD 11.69 1.11 8.67%

The current 90-days correlation between Sunlands Technology and Ihuman Inc is -0.1 (i.e., Good diversification). The correlation of Sunlands 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.

Sunlands Technology Correlation With Market

Significant diversification

The correlation between Sunlands Technology Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunlands Technology Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunlands 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 estimate.

Moving together with Sunlands Stock

0.88	FEDU	Four Seasons Education	Pair Corr
0.7	GNS	Genius Group	Pair Corr
0.78	VSA	TCTM Kids IT Symbol Change	Pair Corr

Moving against Sunlands Stock

0.49	LRN	Stride Inc	Pair Corr
0.46	JZ	Jianzhi Education	Pair Corr
0.41	GV	Visionary Education	Pair Corr
0.4	GHC	Graham Holdings	Pair Corr
0.82	AFYA	Afya	Pair Corr
0.48	LOPE	Grand Canyon Education	Pair Corr
0.54	SKIL	Skillsoft Corp	Pair Corr
0.33	STRA	Strategic Education	Pair Corr

Related Correlations Analysis

	IH	YQ	VSTA	EDTK	EEIQ	WAFU	DAO
IH		0.7	-0.67	-0.55	-0.45	0.34	0.52	IH
YQ	0.7		-0.7	-0.54	-0.59	0.24	0.53	YQ
VSTA	-0.67	-0.7		0.47	0.3	-0.61	-0.8	VSTA
EDTK	-0.55	-0.54	0.47		0.48	-0.07	-0.19	EDTK
EEIQ	-0.45	-0.59	0.3	0.48		0.05	-0.07	EEIQ
WAFU	0.34	0.24	-0.61	-0.07	0.05		0.62	WAFU
DAO	0.52	0.53	-0.8	-0.19	-0.07	0.62		DAO
	IH	YQ	VSTA	EDTK	EEIQ	WAFU	DAO

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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

YQ	+ 0.7	IH
DAO	+ 0.62	WAFU
DAO	+ 0.53	YQ
DAO	+ 0.52	IH
EEIQ	+ 0.48	EDTK
EDTK	+ 0.47	VSTA

High negative correlations

DAO	- 0.8	VSTA
VSTA	- 0.7	YQ
VSTA	- 0.67	IH
WAFU	- 0.61	VSTA
EEIQ	- 0.59	YQ
EDTK	- 0.55	IH

Risk-Adjusted Indicators

There is a big difference between Sunlands Stock performing well and Sunlands 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 Sunlands 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
IH	2.96	0.76	0.22	0.86	2.44	(3.69)	6.17	(5.07)	14.17
YQ	3.60	0.71	0.14	(2.30)	3.68	(4.27)	9.52	(6.37)	18.17
VSTA	1.52	(0.24)	0.00	0.69	0.00	0.00	3.13	(4.36)	10.40
EDTK	2.97	(0.06)	0.00	0.34	0.00	0.00	5.56	(6.32)	19.32
EEIQ	4.29	(0.13)	0.00	(0.09)	0.00	0.00	8.00	(9.09)	55.00
WAFU	2.47	(0.16)	(0.04)	0.02	2.52	(3.30)	4.96	(4.14)	15.73
DAO	1.63	0.27	0.08	1.93	1.79	(1.83)	3.34	(3.35)	12.75

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