Legacy Education Correlations

LGCY Stock

USD 8.19 0.19 2.37%

The current 90-days correlation between Legacy Education and Lion One Metals is 0.02 (i.e., Significant diversification). The correlation of Legacy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Legacy Education Correlation With Market

Average diversification

The correlation between Legacy Education and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legacy Education and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Education. 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.

For more information on how to buy Legacy Stock please use our How to Invest in Legacy Education guide.

Moving together with Legacy Stock

0.67	EEIQ	Elite Education Group	Pair Corr
0.73	UTI	Universal Technical	Pair Corr
0.65	LAUR	Laureate Education	Pair Corr
0.62	LOPE	Grand Canyon Education	Pair Corr
0.68	PRDO	Perdoceo Education Corp	Pair Corr
0.73	APEI	American Public Education	Pair Corr
0.72	STRA	Strategic Education	Pair Corr
0.7	CHGG	Chegg Inc	Pair Corr

Moving against Legacy Stock

0.71	FEDU	Four Seasons Education	Pair Corr
0.67	IH	Ihuman Inc	Pair Corr
0.63	VSTA	Vasta Platform	Pair Corr
0.62	STG	Sunlands Technology	Pair Corr
0.57	YQ	17 Education Technology	Pair Corr
0.57	WAFU	Wah Fu Education	Pair Corr
0.55	TAL	TAL Education Group	Pair Corr
0.5	EDU	New Oriental Education	Pair Corr
0.33	QSG	QuantaSing Group	Pair Corr
0.71	GOTU	Gaotu Techedu DRC	Pair Corr
0.67	LXEH	Lixiang Education Holding Trending	Pair Corr
0.65	TCTM	Tarena International Symbol Change	Pair Corr
0.59	AFYA	Afya	Pair Corr
0.48	BEDU	Bright Scholar Education	Pair Corr
0.4	ASPU	Aspen Group	Pair Corr
0.68	CLEU	China Liberal Education	Pair Corr
0.57	FC	Franklin Covey	Pair Corr
0.37	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	LOMLF	HVT	LGIH	LUV	SDHC	JBLU	RYAAY	NOKFF
LOMLF		0.48	0.41	-0.8	0.57	0.07	-0.15	0.0	LOMLF
HVT	0.48		0.86	-0.63	0.78	-0.02	-0.15	0.0	HVT
LGIH	0.41	0.86		-0.54	0.81	-0.2	0.0	0.0	LGIH
LUV	-0.8	-0.63	-0.54		-0.61	0.14	0.13	0.0	LUV
SDHC	0.57	0.78	0.81	-0.61		0.02	-0.14	0.0	SDHC
JBLU	0.07	-0.02	-0.2	0.14	0.02		-0.08	0.0	JBLU
RYAAY	-0.15	-0.15	0.0	0.13	-0.14	-0.08		0.0	RYAAY
NOKFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NOKFF
	LOMLF	HVT	LGIH	LUV	SDHC	JBLU	RYAAY	NOKFF

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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

LGIH	+ 0.86	HVT
SDHC	+ 0.81	LGIH
SDHC	+ 0.78	HVT
SDHC	+ 0.57	LOMLF
HVT	+ 0.48	LOMLF
LGIH	+ 0.41	LOMLF

High negative correlations

LUV	- 0.8	LOMLF
LUV	- 0.63	HVT
SDHC	- 0.61	LUV
LUV	- 0.54	LGIH
JBLU	- 0.2	LGIH
RYAAY	- 0.15	HVT

Risk-Adjusted Indicators

There is a big difference between Legacy Stock performing well and Legacy 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 Legacy 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
LOMLF	2.15	(0.32)	0.00	0.47	0.00	0.00	4.76	(4.76)	15.00
HVT	1.62	(0.27)	0.00	(0.19)	0.00	0.00	4.49	(2.97)	12.20
LGIH	1.69	(0.29)	0.00	(0.22)	0.00	0.00	3.84	(3.87)	10.99
LUV	1.42	0.19	0.09	0.25	1.68	(1.43)	2.96	(2.65)	10.99
SDHC	2.17	(0.15)	0.00	(0.13)	0.00	0.00	5.79	(5.92)	13.47
JBLU	3.22	0.46	0.09	(0.78)	4.21	(3.55)	8.64	(6.73)	31.32
RYAAY	1.47	(0.01)	(0.01)	0.00	1.80	(1.53)	3.14	(3.02)	8.74
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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