Color Star Correlations
| ADD Stock | USD 5.30 0.11 2.03% |
The current 90-days correlation between Color Star Technology and ADTRAN Inc is 0.25 (i.e., Modest diversification). The correlation of Color Star 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.
Color Star Correlation With Market
Average diversification
The correlation between Color Star Technology 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 Color Star Technology and DJI in the same portfolio, assuming nothing else is changed.
Color |
Moving together with Color Stock
Moving against Color Stock
| 0.72 | EDR | Endeavor Group Holdings | PairCorr |
| 0.63 | ANGHW | Anghami Warrants | PairCorr |
| 0.59 | EMMS | Emmis Communications Corp | PairCorr |
| 0.55 | EA | Electronic Arts | PairCorr |
| 0.53 | CNK | Cinemark Holdings | PairCorr |
| 0.46 | VEON | VEON | PairCorr |
| 0.44 | T | ATT Inc Aggressive Push | PairCorr |
| 0.42 | VSME | VS Media Holdings | PairCorr |
| 0.41 | WB | Weibo Corp | PairCorr |
| 0.34 | ZH | Zhihu Inc ADR Earnings Call This Week | PairCorr |
| 0.59 | FOXA | Fox Corp Class | PairCorr |
| 0.53 | DDI | Doubledown Interactive | PairCorr |
| 0.49 | DIS | Walt Disney | PairCorr |
| 0.48 | CHR | Cheer Holding | PairCorr |
Related Correlations Analysis
| 0.73 | -0.57 | -0.35 | 0.84 | ADTN | ||
| 0.73 | -0.07 | 0.14 | 0.72 | BDC | ||
| -0.57 | -0.07 | 0.41 | -0.32 | ADCT | ||
| -0.35 | 0.14 | 0.41 | -0.5 | CMTL | ||
| 0.84 | 0.72 | -0.32 | -0.5 | CTS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Color Stock performing well and Color Star 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 Color Star'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADTN | 2.41 | 0.58 | 0.32 | 0.46 | 1.59 | 6.31 | 22.03 | |||
| BDC | 1.43 | 0.00 | 0.08 | 0.12 | 1.57 | 2.85 | 13.52 | |||
| ADCT | 3.51 | (0.74) | 0.00 | (0.17) | 0.00 | 6.98 | 22.87 | |||
| CMTL | 4.44 | 0.03 | 0.02 | 0.14 | 6.36 | 12.63 | 40.77 | |||
| CTS | 1.56 | (0.07) | 0.05 | 0.09 | 1.65 | 3.28 | 15.09 |
Color Star Corporate Management
| Farhan Qadir | CEO Director | Profile | |
| John Shaw | Director Communications | Profile | |
| Yanwei He | Finance Controller | Profile | |
| Ma Xueying | Chief Engineer | Profile | |
| Yang Liu | Vice Technology | Profile | |
| Lili Jiang | Chief Officer | Profile |