Coursera Correlations

COUR Stock  USD 8.63  0.20  2.37%   
The current 90-days correlation between Coursera and Udemy Inc is 0.47 (i.e., Very weak diversification). The correlation of Coursera 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.

Coursera Correlation With Market

Modest diversification

The correlation between Coursera and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coursera 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 Coursera. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
To learn how to invest in Coursera Stock, please use our How to Invest in Coursera guide.

Moving together with Coursera Stock

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  0.67YQ 17 Education TechnologyPairCorr
  0.9DAO Youdao IncPairCorr
  0.69GHC Graham HoldingsPairCorr
  0.75UTI Universal TechnicalPairCorr
  0.75GOTU Gaotu Techedu DRCPairCorr
  0.71KIDZW Classover Holdings,PairCorr
  0.75LAUR Laureate EducationPairCorr
  0.67LINC Lincoln EducationalPairCorr
  0.73LOPE Grand Canyon EducationPairCorr
  0.63MYND Myndai,PairCorr
  0.71PRDO Perdoceo Education CorpPairCorr
  0.76ATGE Adtalem Global EducationPairCorr
  0.79STRA Strategic EducationPairCorr

Moving against Coursera Stock

  0.73VSTA Vasta PlatformPairCorr
  0.56JZ Jianzhi EducationPairCorr
  0.41EDTK Skillful CraftsmanPairCorr
  0.39EEIQ Elite Education GroupPairCorr
  0.77LXEH Lixiang Education HoldingPairCorr

Related Correlations Analysis

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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   
MQCHGG
MQOLO
DUOLLRN
DUOLATGE
OLOATGE
OLOCHGG
  
High negative correlations   
LRNCHGG
MQLRN

Risk-Adjusted Indicators

There is a big difference between Coursera Stock performing well and Coursera 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 Coursera'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.

Coursera Corporate Management

Theodore MitchellIndependent DirectorProfile
Shravan GoliSenior Vice President Chief Product Officer and Head of Consumer RevenueProfile
Mustafa FurniturewalaHead EngineeringProfile
Anne CappelSenior Vice President General Counsel, Company SecretaryProfile
Leah BelskySenior Vice President Chief Enterprise OfficerProfile
Kimberly CaldbeckSenior Vice President Chief Marketing OfficerProfile