SunCar Technology Correlations

SDA Stock

4.41 0.29 6.17%

The correlation of SunCar Technology 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.

SunCar Technology Correlation With Market

Average diversification

The correlation between SunCar Technology Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SunCar Technology Group 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 SunCar Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with SunCar Stock

0.74	KFS	Kingsway Financial	Pair Corr
0.72	CARS	Cars Inc	Pair Corr
0.71	H	Hyatt Hotels	Pair Corr
0.62	M	Macys Inc	Pair Corr
0.65	W	Wayfair Buyout Trend	Pair Corr
0.73	BC	Brunswick	Pair Corr
0.8	FL	Foot Locker	Pair Corr
0.72	GM	General Motors Aggressive Push	Pair Corr
0.87	LE	Lands End Earnings Call Today	Pair Corr
0.62	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.76	RH	RH Earnings Call Tomorrow	Pair Corr
0.89	SG	Sweetgreen	Pair Corr
0.76	TH	Target Hospitality Corp	Pair Corr
0.93	UA	Under Armour C	Pair Corr

Moving against SunCar Stock

0.77	VRM	Vroom, Common Stock	Pair Corr
0.57	MCW	Mister Car Wash,	Pair Corr
0.55	EM	Smart Share Global	Pair Corr
0.81	LI	Li Auto	Pair Corr
0.69	JD	JD Inc Adr	Pair Corr
0.65	IH	Ihuman Inc	Pair Corr
0.59	JZ	Jianzhi Education	Pair Corr
0.48	YJ	Yunji Inc	Pair Corr
0.42	GV	Visionary Education	Pair Corr

Related Correlations Analysis

	BRP	UGP	NETC	SID	DWSN
BRP		0.0	0.0	0.0	0.0	BRP
UGP	0.0		0.0	0.62	0.09	UGP
NETC	0.0	0.0		0.0	0.0	NETC
SID	0.0	0.62	0.0		0.17	SID
DWSN	0.0	0.09	0.0	0.17		DWSN
	BRP	UGP	NETC	SID	DWSN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SID	+ 0.62	UGP
DWSN	+ 0.17	SID
DWSN	+ 0.09	UGP
UGP	+ 0.0	BRP
NETC	+ 0.0	BRP
SID	+ 0.0	BRP

High negative correlations

DWSN	- 0.0	NETC
SID	- 0.0	NETC
NETC	- 0.0	UGP
DWSN	- 0.0	BRP
SID	- 0.0	BRP
NETC	- 0.0	BRP

Risk-Adjusted Indicators

There is a big difference between SunCar Stock performing well and SunCar Technology 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 SunCar Technology'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
BRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UGP	2.13	0.26	0.11	0.30	2.24	(2.59)	5.92	(3.07)	11.08
NETC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SID	2.53	0.08	0.03	0.13	2.97	(3.17)	7.19	(4.55)	16.53
DWSN	2.98	0.03	0.00	(0.02)	0.00	0.00	6.52	(6.34)	15.88

SunCar Technology Corporate Executives

Elected by the shareholders, the SunCar Technology's board of directors comprises two types of representatives: SunCar Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SunCar. The board's role is to monitor SunCar Technology's management team and ensure that shareholders' interests are well served. SunCar Technology'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, SunCar Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhunfu Lei

CTO COO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC