ScanTech Correlations

STAI Stock

USD 1.26 0.17 11.89%

The current 90-days correlation between ScanTech AI Systems and SenesTech is 0.17 (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

Pay attention - limited upside

The correlation between ScanTech AI Systems and DJI is -0.83 (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

0.8	WBX	Wallbox NV	Pair Corr
0.84	HOLO	MicroCloud Hologram	Pair Corr
0.91	REFR	Research Frontiers	Pair Corr
0.95	TRNR	Interactive Strength	Pair Corr
0.92	APVO	Aptevo Therapeutics	Pair Corr
0.7	MSFT	Microsoft	Pair Corr

Moving against ScanTech Stock

0.84	WNC	Wabash National	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.65	GLW	Corning Incorporated Tech Boost	Pair Corr
0.62	ARW	Arrow Electronics Tech Boost	Pair Corr
0.49	CYCC	Cyclacel Pharmaceuticals Symbol Change	Pair Corr
0.92	AA	Alcoa Corp	Pair Corr
0.87	BA	Boeing	Pair Corr
0.84	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.6	MCD	McDonalds Earnings Call This Week	Pair Corr
0.55	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.44	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.43	BAC	Bank of America Aggressive Push	Pair Corr
0.42	DIS	Walt Disney	Pair Corr
0.4	GE	GE Aerospace	Pair Corr
0.32	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	ELBM	SNES	HUDI	ASTL	AUST	NWGL	BGL	YMAT	CAPS	ZKIN
ELBM		0.28	0.41	0.12	0.41	-0.18	0.55	0.18	0.33	0.3	ELBM
SNES	0.28		0.39	-0.52	-0.44	-0.07	0.78	0.91	0.93	0.78	SNES
HUDI	0.41	0.39		0.15	0.06	-0.25	0.27	0.41	0.38	0.22	HUDI
ASTL	0.12	-0.52	0.15		0.62	0.17	-0.43	-0.53	-0.55	-0.7	ASTL
AUST	0.41	-0.44	0.06	0.62		0.03	-0.14	-0.43	-0.39	-0.36	AUST
NWGL	-0.18	-0.07	-0.25	0.17	0.03		0.02	-0.24	-0.13	-0.23	NWGL
BGL	0.55	0.78	0.27	-0.43	-0.14	0.02		0.69	0.82	0.86	BGL
YMAT	0.18	0.91	0.41	-0.53	-0.43	-0.24	0.69		0.86	0.78	YMAT
CAPS	0.33	0.93	0.38	-0.55	-0.39	-0.13	0.82	0.86		0.79	CAPS
ZKIN	0.3	0.78	0.22	-0.7	-0.36	-0.23	0.86	0.78	0.79		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

CAPS	+ 0.93	SNES
YMAT	+ 0.91	SNES
ZKIN	+ 0.86	BGL
CAPS	+ 0.86	YMAT
CAPS	+ 0.82	BGL
ZKIN	+ 0.79	CAPS

High negative correlations

ZKIN	- 0.7	ASTL
CAPS	- 0.55	ASTL
YMAT	- 0.53	ASTL
ASTL	- 0.52	SNES
AUST	- 0.44	SNES
YMAT	- 0.43	AUST

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	4.51	(0.25)	0.00	(0.03)	0.00	0.00	9.47	(8.51)	27.03
SNES	3.24	(0.95)	0.00	(0.80)	0.00	0.00	8.04	(7.22)	19.56
HUDI	2.91	(0.12)	0.00	(0.22)	0.00	0.00	6.72	(7.09)	15.13
ASTL	3.34	0.02	0.03	0.09	3.80	(3.78)	7.14	(6.29)	18.39
AUST	5.14	0.27	0.05	0.21	7.03	(5.74)	11.38	(9.47)	49.36
NWGL	4.11	(0.04)	0.00	0.10	0.00	0.00	8.40	(8.66)	44.84
BGL	8.66	(0.88)	0.00	(0.30)	0.00	0.00	13.74	(16.33)	124.55
YMAT	4.89	(1.08)	0.00	1.96	0.00	0.00	9.64	(10.71)	24.36
CAPS	4.27	(0.82)	0.00	(1.64)	0.00	0.00	9.86	(8.05)	29.43
ZKIN	5.22	(0.36)	0.00	(0.36)	0.00	0.00	13.46	(10.05)	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 IV	Executive COO	Profile
Marion Starns	Executive COO	Profile
Christopher Green	VP CTO	Profile

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