STI Education Correlations

STI Stock

1.42 0.04 2.74%

The current 90-days correlation between STI Education Systems and Philex Mining Corp is -0.24 (i.e., Very good diversification). The correlation of STI Education 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.

STI Education Correlation With Market

Good diversification

The correlation between STI Education Systems and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STI Education Systems and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to STI Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STI Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back STI Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling STI Education Systems to buy it.

Moving together with STI Stock

0.86	GLO	Globe Telecom	Pair Corr
0.62	APL	Apollo Global Capital	Pair Corr
0.89	SCC	Semirara Mining Corp	Pair Corr
0.66	ABS	ABS CBN Corp	Pair Corr
0.75	APX	Apex Mining	Pair Corr
0.89	AUB	Asia United Bank	Pair Corr
0.63	PX	Philex Mining Corp	Pair Corr
0.8	AP	Aboitiz Power Corp	Pair Corr
0.7	RFM	RFM Corp	Pair Corr

Moving against STI Stock

0.8	AC	Ayala Corp	Pair Corr
0.69	SM	SM Investments Corp	Pair Corr
0.49	BDO	BDO Unibank	Pair Corr
0.41	VITA	Vitarich Corp	Pair Corr
0.38	AEV	Aboitiz Equity Ventures	Pair Corr

Related Correlations Analysis

	PX	RCB	CNVRG	PRIM	AT	PHA	SCC
PX		0.02	0.58	-0.15	-0.16	-0.62	0.71	PX
RCB	0.02		-0.32	0.54	0.27	0.16	-0.25	RCB
CNVRG	0.58	-0.32		-0.17	-0.26	-0.51	0.63	CNVRG
PRIM	-0.15	0.54	-0.17		0.37	0.16	-0.24	PRIM
AT	-0.16	0.27	-0.26	0.37		0.54	-0.48	AT
PHA	-0.62	0.16	-0.51	0.16	0.54		-0.78	PHA
SCC	0.71	-0.25	0.63	-0.24	-0.48	-0.78		SCC
	PX	RCB	CNVRG	PRIM	AT	PHA	SCC

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

SCC	+ 0.71	PX
SCC	+ 0.63	CNVRG
CNVRG	+ 0.58	PX
PRIM	+ 0.54	RCB
PHA	+ 0.54	AT
AT	+ 0.37	PRIM

High negative correlations

SCC	- 0.78	PHA
PHA	- 0.62	PX
PHA	- 0.51	CNVRG
SCC	- 0.48	AT
CNVRG	- 0.32	RCB
AT	- 0.26	CNVRG

Risk-Adjusted Indicators

There is a big difference between STI Stock performing well and STI Education 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 STI Education'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
PX	2.08	0.69	0.34	2.60	1.42	(2.86)	5.38	(3.46)	9.09
RCB	1.83	(0.07)	0.00	0.45	0.00	0.00	5.32	(4.75)	12.46
CNVRG	1.75	0.13	0.06	0.38	2.17	(1.94)	3.29	(3.86)	9.85
PRIM	3.17	(0.43)	0.00	4.17	0.00	0.00	7.85	(7.05)	24.36
AT	1.52	(0.14)	0.00	(0.23)	0.00	0.00	3.53	(4.76)	11.82
PHA	1.28	(0.24)	0.00	(4.72)	0.00	0.00	5.56	(5.56)	11.76
SCC	0.79	0.22	0.21	(2.23)	0.74	(1.04)	1.86	(1.27)	8.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in STI Education without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Investing Opportunities Now

Investing Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences

All Next

Launch Module

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