Skillful Craftsman Correlations

EDTK Stock

USD 1.04 0.02 1.89%

The current 90-days correlation between Skillful Craftsman and Wah Fu Education is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skillful Craftsman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skillful Craftsman Education moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Skillful Craftsman Correlation With Market

Significant diversification

The correlation between Skillful Craftsman Education and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skillful Craftsman Education and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Skillful Craftsman Education. 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 against Skillful Stock

0.52	STG	Sunlands Technology	Pair Corr
0.42	GOTU	Gaotu Techedu DRC	Pair Corr
0.37	LINC	Lincoln Educational	Pair Corr
0.34	QSG	QuantaSing Group	Pair Corr
0.35	DIBS	1StdibsCom	Pair Corr
0.34	AFYA	Afya	Pair Corr
0.34	BEDU	Bright Scholar Education	Pair Corr

Related Correlations Analysis

	WAFU	GSUN	EEIQ	QSG	AACG	APEI	GEHI	CLEU	ATGE	VSTA
WAFU		0.19	-0.17	-0.01	-0.19	0.09	0.0	0.35	0.66	0.74	WAFU
GSUN	0.19		0.02	0.22	0.05	0.02	0.0	-0.07	0.06	0.17	GSUN
EEIQ	-0.17	0.02		-0.5	-0.44	0.69	0.0	0.25	0.13	-0.29	EEIQ
QSG	-0.01	0.22	-0.5		0.44	-0.4	0.0	-0.55	-0.21	0.2	QSG
AACG	-0.19	0.05	-0.44	0.44		-0.74	0.0	-0.14	-0.44	-0.05	AACG
APEI	0.09	0.02	0.69	-0.4	-0.74		0.0	0.15	0.49	-0.03	APEI
GEHI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GEHI
CLEU	0.35	-0.07	0.25	-0.55	-0.14	0.15	0.0		0.13	0.0	CLEU
ATGE	0.66	0.06	0.13	-0.21	-0.44	0.49	0.0	0.13		0.73	ATGE
VSTA	0.74	0.17	-0.29	0.2	-0.05	-0.03	0.0	0.0	0.73		VSTA
	WAFU	GSUN	EEIQ	QSG	AACG	APEI	GEHI	CLEU	ATGE	VSTA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VSTA	+ 0.74	WAFU
VSTA	+ 0.73	ATGE
APEI	+ 0.69	EEIQ
ATGE	+ 0.66	WAFU
ATGE	+ 0.49	APEI
AACG	+ 0.44	QSG

High negative correlations

APEI	- 0.74	AACG
CLEU	- 0.55	QSG
QSG	- 0.5	EEIQ
ATGE	- 0.44	AACG
AACG	- 0.44	EEIQ
APEI	- 0.4	QSG

Risk-Adjusted Indicators

There is a big difference between Skillful Stock performing well and Skillful Craftsman 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 Skillful Craftsman'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
WAFU	2.55	0.10	0.03	0.12	2.78	(2.92)	5.75	(4.89)	14.35
GSUN	3.60	0.16	0.03	0.55	4.26	(4.57)	7.19	(6.04)	26.23
EEIQ	2.13	0.39	0.15	1.35	1.90	(3.10)	4.95	(3.81)	18.65
QSG	3.90	(0.30)	0.00	(0.45)	0.00	0.00	9.22	(9.39)	30.67
AACG	2.52	(0.27)	0.00	(0.42)	0.00	0.00	4.82	(5.75)	19.65
APEI	1.96	0.39	0.15	0.60	2.19	(2.11)	4.42	(3.21)	21.66
GEHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLEU	37.72	18.10	0.90	3.75	14.01	(64.21)	29.04	(14.29)	1,309
ATGE	1.44	0.20	0.10	0.21	1.83	(1.45)	2.83	(2.91)	7.79
VSTA	2.77	0.20	0.05	0.18	3.40	(3.15)	5.28	(6.80)	21.46

Skillful Craftsman Corporate Management

Bin Fu	CoCEO Director	Profile
Dawei Chen	Chief Officer	Profile
Xiaofeng Gao	Chairman Founder	Profile
Bill Tang	Chief Officer	Profile
Lugang Hua	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC