ATA Creativity Correlations

AACG Stock

USD 0.99 0.01 1.02%

The current 90-days correlation between ATA Creativity Global and Skillful Craftsman Education is -0.09 (i.e., Good diversification). The correlation of ATA Creativity 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.

ATA Creativity Correlation With Market

Good diversification

The correlation between ATA Creativity Global and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATA Creativity Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATA Creativity Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against ATA Stock

0.5	STG	Sunlands Technology	Pair Corr
0.35	BTCTW	BTC Digital	Pair Corr
0.48	PRDO	Perdoceo Education Corp	Pair Corr
0.46	LGCY	Legacy Education	Pair Corr
0.42	ATGE	Adtalem Global Education	Pair Corr
0.33	LINC	Lincoln Educational	Pair Corr

Related Correlations Analysis

	VTRU	UTI	COGNY	STG	APEI	EDTK	GEHI	CLEU	TEDU	BEDU
VTRU		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VTRU
UTI	0.0		0.46	0.49	0.24	-0.19	0.0	-0.39	0.0	-0.08	UTI
COGNY	0.0	0.46		0.32	0.2	-0.46	0.0	-0.47	0.0	0.08	COGNY
STG	0.0	0.49	0.32		0.12	-0.32	0.0	-0.2	0.0	0.12	STG
APEI	0.0	0.24	0.2	0.12		-0.26	0.0	-0.25	0.0	0.12	APEI
EDTK	0.0	-0.19	-0.46	-0.32	-0.26		0.0	0.35	0.0	-0.2	EDTK
GEHI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GEHI
CLEU	0.0	-0.39	-0.47	-0.2	-0.25	0.35	0.0		0.0	0.03	CLEU
TEDU	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TEDU
BEDU	0.0	-0.08	0.08	0.12	0.12	-0.2	0.0	0.03	0.0		BEDU
	VTRU	UTI	COGNY	STG	APEI	EDTK	GEHI	CLEU	TEDU	BEDU

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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

STG	+ 0.49	UTI
COGNY	+ 0.46	UTI
CLEU	+ 0.35	EDTK
STG	+ 0.32	COGNY
APEI	+ 0.24	UTI
APEI	+ 0.2	COGNY

High negative correlations

CLEU	- 0.47	COGNY
EDTK	- 0.46	COGNY
CLEU	- 0.39	UTI
EDTK	- 0.32	STG
EDTK	- 0.26	APEI
CLEU	- 0.25	APEI

Risk-Adjusted Indicators

There is a big difference between ATA Stock performing well and ATA Creativity 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 ATA Creativity'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
VTRU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UTI	2.19	0.05	0.04	(0.14)	2.71	(2.41)	5.48	(4.71)	14.08
COGNY	7.09	1.37	0.15	(0.90)	7.37	(9.62)	18.18	(10.34)	52.03
STG	3.43	(0.16)	0.00	(0.18)	0.00	0.00	6.50	(6.53)	39.47
APEI	2.39	0.10	0.03	0.02	2.73	(2.59)	4.02	(5.08)	27.37
EDTK	2.48	0.06	0.03	(0.24)	2.89	(3.11)	5.36	(5.21)	15.33
GEHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLEU	225.67	112.91	5.60	(2.34)	14.43	(295.55)	33.33	(21.40)	6,112
TEDU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEDU	4.07	0.00	0.01	(0.03)	5.95	(4.50)	10.86	(7.57)	30.05

ATA Creativity Corporate Management

Xiaofeng Ma	Chairman CoFounder	Profile
KwanHung Tsang	Independent Consultant	Profile
Haichang Xiong	General Counsel	Profile
Amy Tung	Advisor	Profile
Ruobai Sima	Chief Officer	Profile
Lin Wang	CoFounder Consultant	Profile

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