Sunlands Technology Correlations
| STG Stock | USD 5.53 0.19 3.56% |
The current 90-days correlation between Sunlands Technology and Grand Canyon Education is 0.09 (i.e., Significant diversification). The correlation of Sunlands 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.
Sunlands Technology Correlation With Market
Average diversification
The correlation between Sunlands Technology Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunlands Technology Group and DJI in the same portfolio, assuming nothing else is changed.
Sunlands |
Moving together with Sunlands Stock
| 0.7 | KLC | KinderCare Learning | PairCorr |
| 0.61 | LRN | Stride Inc | PairCorr |
| 0.61 | UTI | Universal Technical | PairCorr |
| 0.69 | LINC | Lincoln Educational | PairCorr |
| 0.64 | LOPE | Grand Canyon Education | PairCorr |
| 0.66 | PRDO | Perdoceo Education Corp | PairCorr |
Moving against Sunlands Stock
| 0.62 | GV | Visionary Education | PairCorr |
| 0.42 | IH | Ihuman Inc | PairCorr |
| 0.36 | EDU | New Oriental Education | PairCorr |
| 0.62 | AACG | ATA Creativity Global | PairCorr |
| 0.39 | F | Ford Motor | PairCorr |
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