Vasta Platform Correlations

VSTA Stock

USD 4.28 0.01 0.23%

The current 90-days correlation between Vasta Platform and Sonida Senior Living is -0.11 (i.e., Good diversification). The correlation of Vasta Platform 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.

Vasta Platform Correlation With Market

Very weak diversification

The correlation between Vasta Platform and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vasta Platform and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vasta Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vasta Platform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Vasta Stock refer to our How to Trade Vasta Stock guide.

Moving against Vasta Stock

0.71	GOTU	Gaotu Techedu DRC	Pair Corr
0.67	KIDZW	Classover Holdings,	Pair Corr
0.66	UTI	Universal Technical	Pair Corr
0.57	IH	Ihuman Inc	Pair Corr
0.57	VSA	TCTM Kids IT Symbol Change	Pair Corr
0.54	DAO	Youdao Inc	Pair Corr
0.52	FEDU	Four Seasons Education	Pair Corr
0.47	YQ	17 Education Technology	Pair Corr
0.47	STG	Sunlands Technology Downward Rally	Pair Corr
0.42	COE	51Talk Online Education	Pair Corr
0.41	GHC	Graham Holdings	Pair Corr
0.38	QSG	QuantaSing Group Downward Rally	Pair Corr
0.37	LRN	Stride Inc	Pair Corr
0.34	EDU	New Oriental Education	Pair Corr
0.31	WAFU	Wah Fu Education	Pair Corr
0.69	ATGE	Adtalem Global Education	Pair Corr
0.68	PRDO	Perdoceo Education Corp	Pair Corr
0.68	STRA	Strategic Education	Pair Corr
0.66	H	Hyatt Hotels	Pair Corr
0.63	LINC	Lincoln Educational	Pair Corr
0.61	LAUR	Laureate Education	Pair Corr
0.61	APEI	American Public Education	Pair Corr
0.59	LOPE	Grand Canyon Education	Pair Corr
0.59	F	Ford Motor Aggressive Push	Pair Corr
0.55	W	Wayfair	Pair Corr
0.54	LGCY	Legacy Education	Pair Corr
0.52	CHGG	Chegg Inc	Pair Corr
0.46	COUR	Coursera	Pair Corr
0.44	BEDU	Bright Scholar Education	Pair Corr
0.4	UDMY	Udemy Inc	Pair Corr

Related Correlations Analysis

	SNDA	JYNT	MMSI	ARW	ABG	TMCI	AVDL	SCSC
SNDA		0.14	0.26	0.77	0.66	-0.32	0.77	0.86	SNDA
JYNT	0.14		0.34	0.16	0.43	0.02	0.14	0.24	JYNT
MMSI	0.26	0.34		-0.04	-0.03	0.53	-0.04	0.06	MMSI
ARW	0.77	0.16	-0.04		0.74	-0.7	0.9	0.93	ARW
ABG	0.66	0.43	-0.03	0.74		-0.56	0.63	0.77	ABG
TMCI	-0.32	0.02	0.53	-0.7	-0.56		-0.64	-0.65	TMCI
AVDL	0.77	0.14	-0.04	0.9	0.63	-0.64		0.86	AVDL
SCSC	0.86	0.24	0.06	0.93	0.77	-0.65	0.86		SCSC
	SNDA	JYNT	MMSI	ARW	ABG	TMCI	AVDL	SCSC

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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

SCSC	+ 0.93	ARW
AVDL	+ 0.9	ARW
SCSC	+ 0.86	SNDA
SCSC	+ 0.86	AVDL
ARW	+ 0.77	SNDA
AVDL	+ 0.77	SNDA

High negative correlations

TMCI	- 0.7	ARW
SCSC	- 0.65	TMCI
AVDL	- 0.64	TMCI
TMCI	- 0.56	ABG
TMCI	- 0.32	SNDA
AVDL	- 0.04	MMSI

Risk-Adjusted Indicators

There is a big difference between Vasta Stock performing well and Vasta Platform 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 Vasta Platform'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
SNDA	1.97	0.12	(0.01)	(0.33)	2.13	(2.33)	4.69	(3.97)	15.75
JYNT	2.78	(0.09)	0.00	(1.33)	0.00	0.00	6.09	(7.10)	20.40
MMSI	1.36	(0.27)	0.00	(0.12)	0.00	0.00	2.53	(2.88)	12.73
ARW	1.46	0.26	0.12	0.34	1.85	(1.62)	2.88	(2.19)	13.98
ABG	1.81	0.18	0.03	(0.94)	2.21	(1.93)	3.68	(3.53)	14.67
TMCI	2.52	(0.42)	0.00	1.27	0.00	0.00	4.37	(5.98)	14.27
AVDL	2.54	0.17	0.02	25.57	2.63	(3.17)	4.22	(5.54)	16.01
SCSC	1.58	0.24	0.11	0.35	1.78	(1.77)	4.56	(3.28)	11.99

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