ScanTech Correlations

STAI Stock

USD 0.47 0.03 6.00%

The current 90-days correlation between ScanTech AI Systems and AKITA Drilling is 0.07 (i.e., Significant 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

Good diversification

The correlation between ScanTech AI Systems and DJI is -0.01 (i.e., Good 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

0.79	EHGO	Eshallgo Class A	Pair Corr
0.64	FKWL	Franklin Wireless Corp	Pair Corr
0.72	CDW	CDW Corp	Pair Corr
0.69	S	SentinelOne	Pair Corr
0.73	IT	Gartner	Pair Corr

Moving against ScanTech Stock

0.83	LPTH	LightPath Technologies	Pair Corr
0.76	WDC	Western Digital	Pair Corr
0.71	BOSC	BOS Better Online Earnings Call This Week	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.64	NTAP	NetApp Inc Earnings Call Next Week	Pair Corr
0.63	ANET	Arista Networks	Pair Corr
0.5	LINK	Interlink Electronics Tech Boost	Pair Corr
0.48	ZBRA	Zebra Technologies	Pair Corr
0.46	VRME	VerifyMe	Pair Corr
0.46	AAPL	Apple Inc Sell-off Trend	Pair Corr
0.46	SPCB	Supercom	Pair Corr
0.44	SNT	Senstar Technologies Earnings Call This Week	Pair Corr
0.76	MQ	Marqeta	Pair Corr
0.67	DELL	Dell Technologies	Pair Corr
0.66	U	Unity Software	Pair Corr
0.64	MU	Micron Technology	Pair Corr
0.64	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.59	DV	DoubleVerify Holdings	Pair Corr
0.43	VERI	Veritone	Pair Corr
0.39	DAKT	Daktronics	Pair Corr
0.38	VS	Versus Systems	Pair Corr
0.38	WK	Workiva	Pair Corr
0.38	ZS	Zscaler	Pair Corr
0.35	ON	ON Semiconductor	Pair Corr

Related Correlations Analysis

	CBEEF	NE	HP	B	VMC	BORR	AKTAF
CBEEF		0.0	0.0	0.0	0.0	0.0	0.0	CBEEF
NE	0.0		0.46	0.5	-0.15	0.66	0.69	NE
HP	0.0	0.46		0.3	0.3	0.67	-0.13	HP
B	0.0	0.5	0.3		0.58	0.81	0.24	B
VMC	0.0	-0.15	0.3	0.58		0.5	-0.53	VMC
BORR	0.0	0.66	0.67	0.81	0.5		0.16	BORR
AKTAF	0.0	0.69	-0.13	0.24	-0.53	0.16		AKTAF
	CBEEF	NE	HP	B	VMC	BORR	AKTAF

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

BORR	+ 0.81	B
AKTAF	+ 0.69	NE
BORR	+ 0.67	HP
BORR	+ 0.66	NE
VMC	+ 0.58	B
B	+ 0.5	NE

High negative correlations

AKTAF	- 0.53	VMC
VMC	- 0.15	NE
AKTAF	- 0.13	HP
AKTAF	- 0.0	CBEEF
BORR	- 0.0	CBEEF
VMC	- 0.0	CBEEF

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
CBEEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NE	1.92	0.08	0.04	0.14	2.27	(2.06)	4.50	(4.14)	10.63
HP	2.61	(0.06)	(0.02)	0.03	2.74	(3.24)	7.20	(4.47)	13.67
B	1.37	0.46	0.23	(3.70)	1.28	(1.56)	3.15	(2.36)	10.08
VMC	0.93	0.04	0.03	0.13	1.24	(0.96)	1.99	(1.79)	5.71
BORR	3.78	0.33	0.10	0.26	3.58	(4.95)	8.29	(6.90)	19.92
AKTAF	2.05	0.18	0.03	1.38	2.60	(2.61)	5.37	(4.60)	15.12

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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