Santech Holdings Correlations

Stocks . USA . 
Stock . Santech Holdings Limited
STEC Stock   0.63  0.02  3.08%   
The current 90-days correlation between Santech Holdings and Modine Manufacturing is -0.1 (i.e., Good diversification). The correlation of Santech Holdings 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.

Santech Holdings Correlation With Market

Very good diversification

The correlation between Santech Holdings Limited and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Santech Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Santech Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Santech Stock

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Moving against Santech Stock

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Related Correlations Analysis

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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   
R
+ 0.66
MGRC
MOD
+ 0.53
R
GNL-PD
+ 0.48
MGRC
IAS
+ 0.42
MGRC
IAS
+ 0.32
R
GNL-PD
+ 0.32
R
  
High negative correlations   
GNL-PD
- 0.16
MOD
GNL-PD
- 0.0
MOSTQ
IAS
- 0.0
MOSTQ
MOD
- 0.0
MOSTQ
MOSTQ
- 0.0
R
MOSTQ
- 0.0
MGRC

Risk-Adjusted Indicators

There is a big difference between Santech Stock performing well and Santech Holdings 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 Santech Holdings' 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.

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