SunCar Technology Correlations
| SDAWW Stock | 0.21 0.01 5.00% |
The current 90-days correlation between SunCar Technology and JBG SMITH Properties is -0.22 (i.e., Very good diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.
SunCar Technology Correlation With Market
Significant diversification
The correlation between SunCar Technology Group and DJI is 0.09 (i.e., Significant 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.
SunCar |
Moving together with SunCar Stock
| 0.65 | M | Macys Inc | PairCorr |
| 0.78 | RH | RH Earnings Call Today | PairCorr |
| 0.87 | VSCO | Victorias Secret | PairCorr |
| 0.68 | ETSY | Etsy Inc Buyout Trend | PairCorr |
| 0.61 | DKS | Dicks Sporting Goods | PairCorr |
| 0.77 | XELB | Xcel Brands Trending | PairCorr |
| 0.66 | FND | Floor Decor Holdings | PairCorr |
| 0.8 | KSS | Kohls Corp | PairCorr |
| 0.64 | LOW | Lowes Companies | PairCorr |
| 0.76 | GLBE | Global E Online | PairCorr |
| 0.8 | KIRK | Kirklands | PairCorr |
| 0.83 | RENT | Rent the Runway | PairCorr |
| 0.85 | UA | Under Armour C | PairCorr |
| 0.74 | VNCE | Vince Holding Corp | PairCorr |
| 0.81 | WING | Wingstop | PairCorr |
| 0.71 | BZH | Beazer Homes USA | PairCorr |
| 0.61 | CCS | Century Communities | PairCorr |
| 0.9 | CMG | Chipotle Mexican Grill Sell-off Trend | PairCorr |
| 0.76 | DIN | Dine Brands Global | PairCorr |
| 0.77 | HOV | Hovnanian Enterprises | PairCorr |
| 0.76 | KBH | KB Home Downward Rally | PairCorr |
| 0.7 | KTB | Kontoor Brands | PairCorr |
Moving against SunCar Stock
| 0.93 | BABA | Alibaba Group Holding | PairCorr |
| 0.85 | PDD | PDD Holdings | PairCorr |
| 0.83 | MELI | MercadoLibre | PairCorr |
| 0.78 | VIPS | Vipshop Holdings | PairCorr |
| 0.76 | AZO | AutoZone | PairCorr |
| 0.72 | JD | JD Inc Adr | PairCorr |
| 0.48 | JWN | Nordstrom | PairCorr |
| 0.82 | YUM | Yum Brands Sell-off Trend | PairCorr |
| 0.7 | MCD | McDonalds | PairCorr |
| 0.46 | CPNG | Coupang LLC | PairCorr |
| 0.43 | DRI | Darden Restaurants | PairCorr |
Related Correlations Analysis
| 0.3 | 0.11 | 0.0 | 0.27 | 0.35 | -0.21 | JBGS | ||
| 0.3 | 0.67 | 0.0 | 0.45 | 0.68 | -0.63 | TSQ | ||
| 0.11 | 0.67 | 0.0 | 0.19 | 0.23 | -0.14 | IAS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BTNY | ||
| 0.27 | 0.45 | 0.19 | 0.0 | 0.54 | -0.5 | ZZHGY | ||
| 0.35 | 0.68 | 0.23 | 0.0 | 0.54 | -0.75 | MHO | ||
| -0.21 | -0.63 | -0.14 | 0.0 | -0.5 | -0.75 | FKWL | ||
| 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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JBGS | 1.80 | (0.04) | 0.00 | 0.20 | 0.00 | 3.16 | 8.37 | |||
| TSQ | 1.58 | (0.23) | 0.00 | (0.18) | 0.00 | 4.49 | 9.99 | |||
| IAS | 1.45 | (0.20) | 0.00 | (0.18) | 0.00 | 2.25 | 14.44 | |||
| BTNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZZHGY | 0.95 | (0.50) | 0.00 | (0.73) | 0.00 | 0.00 | 31.89 | |||
| MHO | 1.68 | (0.36) | 0.00 | (0.35) | 0.00 | 3.22 | 10.34 | |||
| FKWL | 2.54 | 0.63 | 0.21 | 0.60 | 2.22 | 6.59 | 17.61 |