| LOPE Stock | | | USD 166.18 2.17 1.29% |
The current 90-days correlation between Grand Canyon Education and American Public Education is 0.38 (i.e., Weak diversification). The correlation of Grand Canyon 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.
Grand Canyon Correlation With Market
Poor diversification
The correlation between Grand Canyon Education and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grand Canyon Education and DJI in the same portfolio, assuming nothing else is changed.
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Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Grand Canyon 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 american community survey.
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Grand Canyon Corporate Management