Stride Correlations

LRN Stock

USD 131.21 2.09 1.62%

The current 90-days correlation between Stride Inc and Laureate Education is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stride moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stride Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stride Correlation With Market

Modest diversification

The correlation between Stride Inc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stride Inc 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 Stride Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Stride Stock

0.79	DAO	Youdao Inc	Pair Corr
0.8	GHC	Graham Holdings	Pair Corr
0.79	TAL	TAL Education Group	Pair Corr
0.76	UTI	Universal Technical	Pair Corr
0.77	LAUR	Laureate Education	Pair Corr
0.8	LINC	Lincoln Educational	Pair Corr
0.95	LOPE	Grand Canyon Education	Pair Corr
0.8	ATGE	Adtalem Global Education	Pair Corr

Moving against Stride Stock

0.66	EDU	New Oriental Education	Pair Corr
0.58	GNS	Genius Group	Pair Corr
0.36	EDTK	Skillful Craftsman	Pair Corr
0.6	CLEU	China Liberal Education	Pair Corr
0.4	M	Macys Inc	Pair Corr
0.36	F	Ford Motor	Pair Corr
0.31	TCTM	Tarena International	Pair Corr

Related Correlations Analysis

	LAUR	APEI	LINC	ATGE	ARCE	AFYA	STRA	LOPE
LAUR		0.41	0.59	0.65	0.0	0.79	-0.08	0.81	LAUR
APEI	0.41		0.01	0.31	0.0	0.53	-0.03	0.21	APEI
LINC	0.59	0.01		0.63	0.0	0.27	0.35	0.85	LINC
ATGE	0.65	0.31	0.63		0.0	0.41	0.41	0.82	ATGE
ARCE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ARCE
AFYA	0.79	0.53	0.27	0.41	0.0		-0.27	0.53	AFYA
STRA	-0.08	-0.03	0.35	0.41	0.0	-0.27		0.33	STRA
LOPE	0.81	0.21	0.85	0.82	0.0	0.53	0.33		LOPE
	LAUR	APEI	LINC	ATGE	ARCE	AFYA	STRA	LOPE

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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

LOPE	+ 0.85	LINC
LOPE	+ 0.82	ATGE
LOPE	+ 0.81	LAUR
AFYA	+ 0.79	LAUR
ATGE	+ 0.65	LAUR
ATGE	+ 0.63	LINC

High negative correlations

STRA	- 0.27	AFYA
STRA	- 0.08	LAUR
STRA	- 0.03	APEI
LOPE	- 0.0	ARCE
STRA	- 0.0	ARCE
AFYA	- 0.0	ARCE

Risk-Adjusted Indicators

There is a big difference between Stride Stock performing well and Stride 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 Stride'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
LAUR	1.20	0.23	0.13	0.22	1.63	(1.26)	2.66	(1.83)	10.76
APEI	2.22	0.16	0.04	0.04	2.55	(2.29)	3.83	(3.76)	27.37
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
AFYA	1.51	0.32	0.15	0.25	1.84	(1.64)	3.19	(3.44)	11.90
STRA	1.15	(0.08)	0.00	(0.18)	0.00	0.00	2.11	(1.98)	21.01
LOPE	1.00	0.16	0.12	0.16	1.34	(0.98)	2.46	(2.20)	7.34

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