SAI Old Correlations

Summary

SAIDelisted Stock

USD 1.17 0.23 16.43%

The current 90-days correlation between SAI Old and Zhong Yang Financial is 0.21 (i.e., Modest diversification). The correlation of SAI Old 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.

SAI Old Correlation With Market

Good diversification

The correlation between SAI Old and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAI Old and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SAI Stock

0.31

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Pair Corr

Related Correlations Analysis

	TOP	NCPL	GHL	TCJH	MEGL	APLD	NMR	OPY	PIPR
TOP		-0.33	0.0	-0.04	-0.13	-0.2	-0.31	-0.57	0.18	TOP
NCPL	-0.33		0.0	0.55	0.33	0.61	0.62	0.56	0.22	NCPL
GHL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GHL
TCJH	-0.04	0.55	0.0		-0.1	0.71	0.61	0.23	0.5	TCJH
MEGL	-0.13	0.33	0.0	-0.1		0.15	0.04	0.34	-0.27	MEGL
APLD	-0.2	0.61	0.0	0.71	0.15		0.61	0.39	0.4	APLD
NMR	-0.31	0.62	0.0	0.61	0.04	0.61		0.72	0.74	NMR
OPY	-0.57	0.56	0.0	0.23	0.34	0.39	0.72		0.21	OPY
PIPR	0.18	0.22	0.0	0.5	-0.27	0.4	0.74	0.21		PIPR
	TOP	NCPL	GHL	TCJH	MEGL	APLD	NMR	OPY	PIPR

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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

PIPR	+ 0.74	NMR
OPY	+ 0.72	NMR
APLD	+ 0.71	TCJH
NMR	+ 0.62	NCPL
APLD	+ 0.61	NCPL
NMR	+ 0.61	TCJH

High negative correlations

OPY	- 0.57	TOP
NCPL	- 0.33	TOP
NMR	- 0.31	TOP
PIPR	- 0.27	MEGL
APLD	- 0.2	TOP
MEGL	- 0.13	TOP

Risk-Adjusted Indicators

There is a big difference between SAI Stock performing well and SAI Old 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 SAI Old'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
TOP	2.71	(0.26)	0.00	(0.58)	0.00	0.00	5.37	(5.19)	15.28
NCPL	4.43	0.41	0.06	0.48	5.71	(4.94)	9.47	(7.78)	33.65
GHL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCJH	7.26	(0.50)	0.00	(0.16)	0.00	0.00	8.11	(13.46)	105.28
MEGL	4.73	0.70	0.11	0.44	5.04	(6.76)	7.69	(6.00)	79.40
APLD	5.56	0.27	0.06	0.11	5.23	(6.87)	10.99	(8.80)	28.97
NMR	1.16	0.30	0.21	0.57	1.08	(1.42)	2.53	(1.81)	9.94
OPY	1.66	0.67	0.47	1.01	0.77	(2.01)	4.94	(2.02)	14.42
PIPR	1.60	0.10	0.07	0.07	1.76	(1.97)	3.13	(3.09)	24.59

Delisting Warning - SAI

SAI Old was delisted

The entity SAI Old with a symbol SAI was delisted from NASDAQ Exchange. Please try SAIHEAT Limited with a symbol SAIH from now on. Check all delisted instruments accross multiple markets.

SAI Old Corporate Executives

Elected by the shareholders, the SAI Old's board of directors comprises two types of representatives: SAI Old inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAI. The board's role is to monitor SAI Old's management team and ensure that shareholders' interests are well served. SAI Old'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, SAI Old's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tao Wu	COO ULTIAAS	Profile
Minghui Sun	CTO ULTIAAS	Profile
Harry Sun	CTO ULTIAAS	Profile

Still Interested in SAI Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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