ScanTech Correlations

Stocks . USA . 
Stock . ScanTech AI Systems
STAI Stock  USD 0.19  0.03  18.75%   
The current 90-days correlation between ScanTech AI Systems and ZK International Group is -0.04 (i.e., Good 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

Pay attention - limited upside

The correlation between ScanTech AI Systems and DJI is -0.84 (i.e., Pay attention - limited upside) 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

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  0.78EBON Ebang InternationalPairCorr
  0.6675S SDM SE INHPairCorr
  0.93EHGO Eshallgo Class APairCorr
  0.68ELSE Electro SensorsPairCorr

Moving against ScanTech Stock

  0.83PX4 Plexus CorpPairCorr
  0.82Q Qnity ElectronicsPairCorr
  0.81LFS LittelfusePairCorr
  0.78P4O Plan Optik AGPairCorr
  0.71KN Knowles CorPairCorr
  0.7PJJ1 CHINA DISPLAY OTHHDPairCorr
  0.63PRHA Prosegur Compaa dePairCorr
  0.57VRME VerifyMePairCorr
  0.49FN FabrinetPairCorr
  0.46AN1 AnritsuPairCorr
  0.39MQR1 MULTI CHEM LTDPairCorr
  0.331Q3 SENSIRION HOLDING Earnings Call This WeekPairCorr
  0.85MKT MKS InstrumentsPairCorr
  0.82H7B COHERENT CORPPairCorr
  0.8BAERW Bridger AerospacePairCorr
  0.78BRV BradyPairCorr
  0.77VNI Avnet IncPairCorr
  0.74SATLW Satellogic WarrantPairCorr
  0.63SOLI Solid State PlcPairCorr
  0.437YM NSE SA EOPairCorr
  0.42NPG Nippon Electric GlassPairCorr
  0.39MUR1 Murata ManufacturingPairCorr
  0.77ARW Arrow ElectronicsPairCorr
  0.77AVT Avnet IncPairCorr
  0.73FEIM Frequency Electronics Tech BoostPairCorr
  0.73BHE Benchmark ElectronicsPairCorr
  0.7MLI MESA LABS INCPairCorr
  0.67BDC Belden IncPairCorr

Related Correlations Analysis


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

CAPS
+ 0.89
YMAT
YMAT
+ 0.84
SNES
CAPS
+ 0.82
SNES
ZKIN
+ 0.76
BGL
BGL
+ 0.74
ELBM
ZKIN
+ 0.66
ELBM
  

High negative correlations

ZKIN
- 0.6
ASTL
CAPS
- 0.56
ASTL
ZKIN
- 0.49
NWGL
YMAT
- 0.49
ASTL
ASTL
- 0.48
SNES
YMAT
- 0.42
NWGL

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELBM  3.68 (0.37) 0.00 (0.11) 0.00 
 0.00 
 8.14 
(6.59)
 27.03 
SNES  3.20 (0.49) 0.00 (0.12) 0.00 
 0.00 
 8.04 
(7.07)
 27.28 
HUDI  2.89  0.20  0.02 (0.29) 3.25 
(4.14)
 7.32 
(7.09)
 19.56 
ASTL  3.59  0.39  0.11  0.21  4.22 
(4.16)
 7.21 
(6.29)
 24.51 
AUST  5.39  0.59  0.08  0.50  6.64 
(6.23)
 12.37 
(10.75)
 49.36 
NWGL  3.65  0.32  0.08  0.34  4.05 
(4.57)
 7.76 
(6.15)
 44.84 
BGL  8.46 (0.04) 0.01  0.05  9.06 
(10.88)
 16.96 
(16.33)
 124.55 
YMAT  6.05 (0.42) 0.00  0.31  0.00 
 0.00 
 13.04 
(10.64)
 76.41 
CAPS  4.37 (0.29) 0.00  0.87  0.00 
 0.00 
 10.61 
(7.46)
 24.19 
ZKIN  5.03 (0.74) 0.00  0.37  0.00 
 0.00 
 12.35 
(12.29)
 44.31 

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 IVExecutive COOProfile
Marion StarnsExecutive COOProfile
Christopher GreenVP CTOProfile
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