Correlation Between Vasta Platform and Golden Sun
Can any of the company-specific risk be diversified away by investing in both Vasta Platform and Golden Sun at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Vasta Platform and Golden Sun into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Vasta Platform and Golden Sun Education, you can compare the effects of market volatilities on Vasta Platform and Golden Sun and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Vasta Platform with a short position of Golden Sun. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vasta Platform and Golden Sun.
Diversification Opportunities for Vasta Platform and Golden Sun
-0.5 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Vasta and Golden is -0.5. Overlapping area represents the amount of risk that can be diversified away by holding Vasta Platform and Golden Sun Education in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Golden Sun Education and Vasta Platform is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Vasta Platform are associated (or correlated) with Golden Sun. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Golden Sun Education has no effect on the direction of Vasta Platform i.e., Vasta Platform and Golden Sun go up and down completely randomly.
Pair Corralation between Vasta Platform and Golden Sun
Given the investment horizon of 90 days Vasta Platform is expected to generate 0.3 times more return on investment than Golden Sun. However, Vasta Platform is 3.39 times less risky than Golden Sun. It trades about 0.2 of its potential returns per unit of risk. Golden Sun Education is currently generating about -0.21 per unit of risk. If you would invest 425.00 in Vasta Platform on August 19, 2025 and sell it today you would earn a total of 72.00 from holding Vasta Platform or generate 16.94% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Vasta Platform vs. Golden Sun Education
Performance |
| Timeline |
| Vasta Platform |
| Golden Sun Education |
Vasta Platform and Golden Sun Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Vasta Platform and Golden Sun
The main advantage of trading using opposite Vasta Platform and Golden Sun positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Vasta Platform position performs unexpectedly, Golden Sun can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Sun will offset losses from the drop in Golden Sun's long position.| Vasta Platform vs. QuantaSing Group Limited | Vasta Platform vs. Dingdong Limited ADR | Vasta Platform vs. USANA Health Sciences | Vasta Platform vs. Oatly Group AB |
| Golden Sun vs. Elite Education Group | Golden Sun vs. Greenlane Holdings | Golden Sun vs. Myndai, | Golden Sun vs. AquaBounty Technologies |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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