Vasta Platform Correlations

VSTA Stock

USD 4.95 0.03 0.61%

The current 90-days correlation between Vasta Platform and QuantaSing Group Limited is -0.21 (i.e., Very good diversification). The correlation of Vasta Platform 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.

Vasta Platform Correlation With Market

Very good diversification

The correlation between Vasta Platform and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vasta Platform and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vasta Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vasta Platform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade Vasta Stock refer to our How to Trade Vasta Stock guide.

Moving together with Vasta Stock

0.63	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.7	IBM	International Business Earnings Call This Week	Pair Corr
0.8	JPM	JPMorgan Chase	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr
0.76	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.74	WMT	Walmart	Pair Corr

Moving against Vasta Stock

0.88	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.85	PPERY	Bank Mandiri Persero	Pair Corr
0.78	BA	Boeing	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.65	PBCRF	PT Bank Central	Pair Corr
0.57	PPERF	Bank Mandiri Persero	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr
0.34	BKRKY	Bank Rakyat	Pair Corr

Related Correlations Analysis

	QSG	DDL	USNA	OTLY	LND	LWAY	HELE	WEST	BGS	MAMA
QSG		0.34	0.43	0.38	0.45	0.08	0.27	0.04	0.1	0.15	QSG
DDL	0.34		0.85	0.58	0.29	0.41	0.4	0.61	-0.13	-0.56	DDL
USNA	0.43	0.85		0.68	0.51	0.37	0.56	0.58	-0.18	-0.59	USNA
OTLY	0.38	0.58	0.68		0.64	0.64	0.41	0.15	-0.07	-0.37	OTLY
LND	0.45	0.29	0.51	0.64		0.49	0.49	-0.19	0.31	0.03	LND
LWAY	0.08	0.41	0.37	0.64	0.49		0.23	-0.04	0.17	-0.27	LWAY
HELE	0.27	0.4	0.56	0.41	0.49	0.23		-0.07	0.16	-0.05	HELE
WEST	0.04	0.61	0.58	0.15	-0.19	-0.04	-0.07		-0.61	-0.84	WEST
BGS	0.1	-0.13	-0.18	-0.07	0.31	0.17	0.16	-0.61		0.63	BGS
MAMA	0.15	-0.56	-0.59	-0.37	0.03	-0.27	-0.05	-0.84	0.63		MAMA
	QSG	DDL	USNA	OTLY	LND	LWAY	HELE	WEST	BGS	MAMA

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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

USNA	+ 0.85	DDL
OTLY	+ 0.68	USNA
LND	+ 0.64	OTLY
LWAY	+ 0.64	OTLY
MAMA	+ 0.63	BGS
WEST	+ 0.61	DDL

High negative correlations

MAMA	- 0.84	WEST
BGS	- 0.61	WEST
MAMA	- 0.59	USNA
MAMA	- 0.56	DDL
MAMA	- 0.37	OTLY
MAMA	- 0.27	LWAY

Risk-Adjusted Indicators

There is a big difference between Vasta Stock performing well and Vasta Platform 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 Vasta Platform'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
QSG	4.64	(0.31)	0.00	(1.39)	0.00	0.00	9.51	(7.67)	38.20
DDL	2.37	(0.23)	0.00	0.97	0.00	0.00	6.37	(3.92)	12.43
USNA	2.09	(0.50)	0.00	(3.90)	0.00	0.00	4.06	(3.57)	35.16
OTLY	2.59	(0.06)	0.00	0.11	0.00	0.00	5.65	(5.43)	17.09
LND	1.01	(0.01)	0.00	(0.31)	0.00	0.00	2.17	(2.03)	7.38
LWAY	2.04	0.28	0.03	(0.15)	4.28	(2.01)	4.00	(3.35)	27.24
HELE	2.85	(0.13)	0.00	(0.36)	0.00	0.00	5.22	(4.82)	34.12
WEST	2.14	(0.48)	0.00	0.84	0.00	0.00	5.00	(4.72)	13.76
BGS	2.01	0.32	0.10	(0.79)	2.10	(2.41)	4.07	(3.24)	18.18
MAMA	2.02	0.32	0.09	(0.19)	2.04	(2.44)	3.83	(3.40)	19.34

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