Star Fashion Correlations

STFS Stock

0.94 0.02 2.17%

The correlation of Star Fashion 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.

Star Fashion Correlation With Market

Good diversification

The correlation between Star Fashion Culture and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Fashion Culture 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 Star Fashion Culture. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Star Stock

0.73	HAO	Haoxi Health Technology	Pair Corr
0.7	LDWY	Lendway	Pair Corr

Moving against Star Stock

0.68	SWAG	Software Acquisition	Pair Corr
0.54	XNET	Xunlei Ltd Adr	Pair Corr
0.36	BOC	Boston Omaha Corp Earnings Call Tomorrow	Pair Corr
0.35	SWAGW	Software Acquisition	Pair Corr
0.74	WB	Weibo Corp	Pair Corr
0.71	SE	Sea	Pair Corr
0.7	IQ	iQIYI Inc	Pair Corr
0.69	T	ATT Inc Earnings Call Today	Pair Corr
0.68	KT	KT Corporation	Pair Corr
0.67	TU	Telus Corp	Pair Corr
0.63	VZ	Verizon Communications	Pair Corr
0.61	YY	YY Inc Class	Pair Corr
0.54	ZH	Zhihu Inc ADR Earnings Call Today	Pair Corr
0.52	BZ	Kanzhun Ltd ADR	Pair Corr
0.49	TV	Grupo Televisa SAB	Pair Corr
0.4	CURIW	CuriosityStream	Pair Corr
0.38	ZG	Zillow Group	Pair Corr
0.32	Z	Zillow Group Class	Pair Corr

Related Correlations Analysis

	SPMMF	ATEX	FTAIM	TV	GSAT	AER	TRTN-PC
SPMMF		0.0	0.0	0.0	0.0	0.0	0.0	SPMMF
ATEX	0.0		0.36	0.42	-0.66	0.84	-0.21	ATEX
FTAIM	0.0	0.36		-0.13	0.14	0.21	-0.51	FTAIM
TV	0.0	0.42	-0.13		-0.49	0.28	-0.3	TV
GSAT	0.0	-0.66	0.14	-0.49		-0.69	0.17	GSAT
AER	0.0	0.84	0.21	0.28	-0.69		-0.21	AER
TRTN-PC	0.0	-0.21	-0.51	-0.3	0.17	-0.21		TRTN-PC
	SPMMF	ATEX	FTAIM	TV	GSAT	AER	TRTN-PC

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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

AER	+ 0.84	ATEX
TV	+ 0.42	ATEX
FTAIM	+ 0.36	ATEX
AER	+ 0.28	TV
AER	+ 0.21	FTAIM
TRTN-PC	+ 0.17	GSAT

High negative correlations

AER	- 0.69	GSAT
GSAT	- 0.66	ATEX
TRTN-PC	- 0.51	FTAIM
GSAT	- 0.49	TV
TRTN-PC	- 0.3	TV
TRTN-PC	- 0.21	AER

Risk-Adjusted Indicators

There is a big difference between Star Stock performing well and Star Fashion 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 Star Fashion'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
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATEX	2.30	0.36	0.15	0.18	1.94	(3.28)	3.98	(3.32)	30.60
FTAIM	0.64	(0.02)	0.00	(0.26)	0.00	0.00	1.39	(1.66)	4.47
TV	2.11	(0.16)	0.00	(0.26)	0.00	0.00	4.21	(5.03)	14.97
GSAT	3.48	(0.23)	0.00	(0.22)	0.00	0.00	4.95	(7.48)	25.92
AER	1.07	0.16	0.10	0.13	1.59	(1.04)	2.28	(2.49)	8.15
TRTN-PC	0.37	(0.01)	0.00	(0.68)	0.00	0.00	0.96	(0.79)	3.79

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