Grand Canyon Correlations

LOPE Stock

USD 176.81 3.79 2.19%

The current 90-days correlation between Grand Canyon Education and Adtalem Global Education is 0.68 (i.e., Poor 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

Very weak diversification

The correlation between Grand Canyon Education and DJI is 0.49 (i.e., Very weak 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.

Check out 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.

Moving together with Grand Stock

0.79	DAO	Youdao Inc	Pair Corr
0.79	GHC	Graham Holdings	Pair Corr
0.95	LRN	Stride Inc	Pair Corr
0.62	STG	Sunlands Technology	Pair Corr
0.72	TAL	TAL Education Group Sell-off Trend	Pair Corr
0.77	UTI	Universal Technical	Pair Corr
0.81	LAUR	Laureate Education	Pair Corr
0.85	LINC	Lincoln Educational	Pair Corr
0.82	ATGE	Adtalem Global Education	Pair Corr

Moving against Grand Stock

0.56	EDU	New Oriental Education	Pair Corr
0.46	GNS	Genius Group	Pair Corr
0.34	GV	Visionary Education	Pair Corr
0.53	CLEU	China Liberal Education	Pair Corr
0.37	F	Ford Motor	Pair Corr
0.35	M	Macys Inc	Pair Corr
0.31	TCTM	Tarena International	Pair Corr

Related Correlations Analysis

	LINC	ATGE	ARCE	STRA	LAUR	AFYA	BEDU	UTI	APEI
LINC		0.63	0.0	0.35	0.59	0.27	-0.11	0.75	0.01	LINC
ATGE	0.63		0.0	0.41	0.65	0.41	0.29	0.78	0.31	ATGE
ARCE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ARCE
STRA	0.35	0.41	0.0		-0.08	-0.27	0.34	0.3	-0.03	STRA
LAUR	0.59	0.65	0.0	-0.08		0.79	-0.14	0.54	0.41	LAUR
AFYA	0.27	0.41	0.0	-0.27	0.79		-0.04	0.36	0.53	AFYA
BEDU	-0.11	0.29	0.0	0.34	-0.14	-0.04		0.09	0.09	BEDU
UTI	0.75	0.78	0.0	0.3	0.54	0.36	0.09		0.31	UTI
APEI	0.01	0.31	0.0	-0.03	0.41	0.53	0.09	0.31		APEI
	LINC	ATGE	ARCE	STRA	LAUR	AFYA	BEDU	UTI	APEI

Click cells to compare fundamentals

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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

AFYA	+ 0.79	LAUR
UTI	+ 0.78	ATGE
UTI	+ 0.75	LINC
LAUR	+ 0.65	ATGE
ATGE	+ 0.63	LINC
LAUR	+ 0.59	LINC

High negative correlations

AFYA	- 0.27	STRA
BEDU	- 0.14	LAUR
BEDU	- 0.11	LINC
LAUR	- 0.08	STRA
BEDU	- 0.04	AFYA
APEI	- 0.03	STRA

Risk-Adjusted Indicators

There is a big difference between Grand Stock performing well and Grand Canyon 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 Grand Canyon'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
LINC	2.31	0.16	0.04	0.04	3.21	(2.20)	3.87	(5.12)	22.97
ATGE	1.77	0.26	0.10	0.14	2.14	(1.80)	4.07	(2.91)	11.82
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STRA	1.15	(0.08)	0.00	(0.18)	0.00	0.00	2.11	(1.98)	21.01
LAUR	1.20	0.23	0.13	0.22	1.63	(1.26)	2.66	(1.83)	10.76
AFYA	1.51	0.32	0.15	0.25	1.84	(1.64)	3.19	(3.44)	11.90
BEDU	4.32	0.42	0.07	0.77	5.31	(5.15)	12.18	(8.28)	34.34
UTI	2.13	0.09	0.02	0.01	2.71	(2.29)	5.48	(4.30)	14.08
APEI	2.22	0.16	0.04	0.04	2.55	(2.29)	3.83	(3.76)	27.37

Grand Canyon Corporate Management

Daniel Briggs	Chief Services	Profile
Dilek Marsh	Chief Data Officer	Profile
Stan Meyer	Chief Officer	Profile
Daniel CPA	Chief Officer	Profile
Vince Grell	Ex Partnerships	Profile
Lori Browning	Controller VP	Profile

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