ATA Creativity Correlations

AACG Stock

USD 0.81 0.03 3.57%

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

Average diversification

The correlation between ATA Creativity Global and DJI is 0.17 (i.e., Average 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 together with ATA Stock

0.74	KLC	KinderCare Learning	Pair Corr
0.65	QSG	QuantaSing Group	Pair Corr

Moving against ATA Stock

0.8	GV	Visionary Education	Pair Corr
0.73	GSUN	Golden Sun Education	Pair Corr
0.46	EDTK	Skillful Craftsman	Pair Corr
0.35	COE	51Talk Online Education	Pair Corr
0.52	COUR	Coursera	Pair Corr
0.38	ASPU	Aspen Group	Pair Corr

Related Correlations Analysis

	VTRU	UTI	COGNY	STG	APEI	EDTK	GEHI	CLEU	TEDU	BEDU
VTRU		0.32	-0.07	-0.48	0.33	-0.38	0.03	-0.46	-0.33	-0.37	VTRU
UTI	0.32		-0.59	-0.7	0.97	-0.21	-0.41	-0.88	-0.83	-0.57	UTI
COGNY	-0.07	-0.59		0.34	-0.6	0.09	0.25	0.47	0.62	0.2	COGNY
STG	-0.48	-0.7	0.34		-0.71	0.17	0.26	0.78	0.49	0.33	STG
APEI	0.33	0.97	-0.6	-0.71		-0.21	-0.45	-0.91	-0.8	-0.51	APEI
EDTK	-0.38	-0.21	0.09	0.17	-0.21		0.54	0.33	0.24	0.26	EDTK
GEHI	0.03	-0.41	0.25	0.26	-0.45	0.54		0.52	0.43	0.3	GEHI
CLEU	-0.46	-0.88	0.47	0.78	-0.91	0.33	0.52		0.72	0.58	CLEU
TEDU	-0.33	-0.83	0.62	0.49	-0.8	0.24	0.43	0.72		0.52	TEDU
BEDU	-0.37	-0.57	0.2	0.33	-0.51	0.26	0.3	0.58	0.52		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

APEI	+ 0.97	UTI
CLEU	+ 0.78	STG
TEDU	+ 0.72	CLEU
TEDU	+ 0.62	COGNY
BEDU	+ 0.58	CLEU
GEHI	+ 0.54	EDTK

High negative correlations

CLEU	- 0.91	APEI
CLEU	- 0.88	UTI
TEDU	- 0.83	UTI
TEDU	- 0.8	APEI
APEI	- 0.71	STG
STG	- 0.7	UTI

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	2.64	0.00	0.00	0.03	3.63	(2.59)	5.28	(5.67)	19.54
UTI	2.05	0.65	0.26	0.28	1.91	(2.39)	4.59	(3.14)	27.29
COGNY	4.83	(0.44)	0.00	(0.37)	0.00	0.00	12.00	(11.11)	27.33
STG	4.06	0.29	0.05	(0.39)	4.69	(4.74)	9.15	(7.71)	36.87
APEI	1.88	0.48	0.20	0.29	1.95	(2.13)	5.63	(3.12)	21.66
EDTK	3.11	(0.04)	0.00	0.71	0.00	0.00	7.37	(5.61)	14.88
GEHI	2.63	(0.11)	0.00	(0.05)	0.00	0.00	7.53	(7.67)	37.55
CLEU	3.54	(0.67)	0.00	4.15	0.00	0.00	11.11	(7.69)	28.10
TEDU	3.49	(0.41)	0.00	0.49	0.00	0.00	11.08	(7.64)	34.33
BEDU	2.64	(0.37)	0.00	0.55	0.00	0.00	5.38	(5.71)	13.53

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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