ScanTech Correlations

STAI Stock

USD 2.69 0.07 2.67%

The current 90-days correlation between ScanTech AI Systems and SenesTech is 0.19 (i.e., Average diversification). The correlation of ScanTech 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.

ScanTech Correlation With Market

Average diversification

The correlation between ScanTech AI Systems and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ScanTech AI Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ScanTech Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ScanTech AI Systems. 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 together with ScanTech Stock

0.67	CDW	CDW Corp	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Moving against ScanTech Stock

0.94	BMYMP	Bristol Myers Squibb	Pair Corr
0.68	ACN	Accenture plc	Pair Corr
0.62	WSFS	WSFS Financial	Pair Corr
0.55	GOOG	Alphabet Class C	Pair Corr
0.52	MCHP	Microchip Technology	Pair Corr
0.47	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.38	UUU	Universal Security	Pair Corr
0.34	ASXSF	Elysee Development Corp	Pair Corr
0.31	F	Ford Motor	Pair Corr
0.71	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.68	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.66	ATI	Allegheny Technologies	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.57	DD	Dupont De Nemours	Pair Corr
0.56	CAT	Caterpillar Sell-off Trend	Pair Corr
0.52	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	BA	Boeing Sell-off Trend	Pair Corr
0.4	PFE	Pfizer Inc	Pair Corr
0.4	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Related Correlations Analysis

	ELBM	SNES	HUDI	ASTL	AUST	NWGL	BGL	YMAT	CAPS	ZKIN
ELBM		0.01	0.17	-0.04	0.22	0.08	0.07	-0.05	-0.06	-0.17	ELBM
SNES	0.01		0.67	-0.08	0.5	0.51	0.95	0.85	0.91	0.58	SNES
HUDI	0.17	0.67		0.36	0.62	0.6	0.61	0.62	0.58	0.15	HUDI
ASTL	-0.04	-0.08	0.36		0.51	0.45	-0.09	-0.19	-0.12	-0.48	ASTL
AUST	0.22	0.5	0.62	0.51		0.53	0.43	0.34	0.33	-0.23	AUST
NWGL	0.08	0.51	0.6	0.45	0.53		0.51	0.25	0.41	-0.08	NWGL
BGL	0.07	0.95	0.61	-0.09	0.43	0.51		0.83	0.92	0.65	BGL
YMAT	-0.05	0.85	0.62	-0.19	0.34	0.25	0.83		0.85	0.7	YMAT
CAPS	-0.06	0.91	0.58	-0.12	0.33	0.41	0.92	0.85		0.68	CAPS
ZKIN	-0.17	0.58	0.15	-0.48	-0.23	-0.08	0.65	0.7	0.68		ZKIN
	ELBM	SNES	HUDI	ASTL	AUST	NWGL	BGL	YMAT	CAPS	ZKIN

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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

BGL	+ 0.95	SNES
CAPS	+ 0.92	BGL
CAPS	+ 0.91	SNES
YMAT	+ 0.85	SNES
CAPS	+ 0.85	YMAT
YMAT	+ 0.83	BGL

High negative correlations

ZKIN	- 0.48	ASTL
ZKIN	- 0.23	AUST
YMAT	- 0.19	ASTL
ZKIN	- 0.17	ELBM
CAPS	- 0.12	ASTL
BGL	- 0.09	ASTL

Risk-Adjusted Indicators

There is a big difference between ScanTech Stock performing well and ScanTech 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 ScanTech'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
ELBM	6.81	(2.67)	0.00	(0.71)	0.00	0.00	8.24	(20.67)	56.04
SNES	3.45	(1.19)	0.00	(0.42)	0.00	0.00	6.27	(7.61)	19.56
HUDI	2.88	(0.23)	0.00	(0.04)	0.00	0.00	5.74	(5.26)	15.47
ASTL	3.42	0.45	0.07	(0.48)	3.71	(4.15)	7.82	(6.12)	20.99
AUST	4.11	(0.42)	0.00	31.86	0.00	0.00	9.03	(9.30)	22.73
NWGL	3.85	(0.38)	0.00	(0.11)	0.00	0.00	6.92	(7.75)	44.84
BGL	6.56	(1.72)	0.00	4.86	0.00	0.00	12.97	(15.56)	41.35
YMAT	5.01	(0.91)	0.00	(0.40)	0.00	0.00	9.64	(10.71)	33.67
CAPS	4.40	(0.64)	0.00	(0.90)	0.00	0.00	8.86	(8.05)	29.43
ZKIN	4.74	0.01	0.00	0.09	0.00	0.00	13.46	(8.65)	30.74

ScanTech Corporate Executives

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

Marion IV	Executive COO	Profile
Marion Starns	Executive COO	Profile
Christopher Green	VP CTO	Profile

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