Stride Correlations

LRN Stock

USD 107.60 1.34 1.23%

The current 90-days correlation between Stride Inc and Laureate Education is 0.11 (i.e., Average 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

Good diversification

The correlation between Stride Inc and DJI is -0.07 (i.e., Good 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

0.78	EEIQ	Elite Education Group	Pair Corr
0.83	GHC	Graham Holdings	Pair Corr
0.83	UTI	Universal Technical	Pair Corr
0.86	LAUR	Laureate Education	Pair Corr
0.86	LINC	Lincoln Educational	Pair Corr
0.87	LOPE	Grand Canyon Education	Pair Corr
0.68	MYND	Myndai,	Pair Corr
0.88	PRDO	Perdoceo Education Corp	Pair Corr
0.86	APEI	American Public Education	Pair Corr
0.89	ATGE	Adtalem Global Education	Pair Corr
0.79	STRA	Strategic Education	Pair Corr
0.7	BTCT	BTC Digital	Pair Corr

Moving against Stride Stock

0.78	YQ	17 Education Technology	Pair Corr
0.7	WAFU	Wah Fu Education	Pair Corr
0.64	GOTU	Gaotu Techedu DRC	Pair Corr
0.63	EDU	New Oriental Education	Pair Corr
0.58	VSTA	Vasta Platform	Pair Corr
0.57	STG	Sunlands Technology	Pair Corr
0.51	LXEH	Lixiang Education Holding	Pair Corr
0.49	IH	Ihuman Inc	Pair Corr
0.45	GSUN	Golden Sun Education	Pair Corr
0.42	FEDU	Four Seasons Education	Pair Corr
0.35	GV	Visionary Education Buyout Trend	Pair Corr
0.87	CLEU	China Liberal Education	Pair Corr
0.77	VNCE	Vince Holding Corp	Pair Corr
0.74	DOOO	BRP Inc	Pair Corr
0.7	ASPU	Aspen Group	Pair Corr
0.67	YJ	Yunji Inc	Pair Corr
0.63	DLTH	Duluth Holdings	Pair Corr
0.55	VEEE	Twin Vee Powercats	Pair Corr
0.54	BEDU	Bright Scholar Education Earnings Call Today	Pair Corr

Related Correlations Analysis

	LAUR	APEI	LINC	ATGE	ARCE	AFYA	STRA	LOPE
LAUR		0.9	0.91	0.93	0.38	-0.09	0.91	0.95	LAUR
APEI	0.9		0.92	0.91	0.48	-0.36	0.9	0.92	APEI
LINC	0.91	0.92		0.96	0.51	-0.1	0.85	0.93	LINC
ATGE	0.93	0.91	0.96		0.51	-0.03	0.87	0.95	ATGE
ARCE	0.38	0.48	0.51	0.51		-0.03	0.3	0.43	ARCE
AFYA	-0.09	-0.36	-0.1	-0.03	-0.03		-0.19	-0.1	AFYA
STRA	0.91	0.9	0.85	0.87	0.3	-0.19		0.96	STRA
LOPE	0.95	0.92	0.93	0.95	0.43	-0.1	0.96		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

ATGE	+ 0.96	LINC
LOPE	+ 0.96	STRA
LOPE	+ 0.95	LAUR
LOPE	+ 0.95	ATGE
ATGE	+ 0.93	LAUR
LOPE	+ 0.93	LINC

High negative correlations

AFYA	- 0.36	APEI
STRA	- 0.19	AFYA
LOPE	- 0.1	AFYA
AFYA	- 0.1	LINC
AFYA	- 0.09	LAUR
AFYA	- 0.03	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	1.31	0.29	0.20	0.54	1.02	(1.56)	2.99	(2.16)	13.35
APEI	1.82	0.51	0.26	0.40	1.53	(2.07)	5.63	(2.99)	21.66
LINC	1.74	0.30	0.20	0.23	1.46	(2.16)	4.04	(2.68)	14.22
ATGE	1.41	0.25	0.16	0.24	1.45	(1.60)	3.06	(2.48)	15.11
ARCE	1.28	0.30	0.15	(1.10)	1.05	(1.62)	3.61	(2.22)	17.65
AFYA	1.46	(0.12)	0.00	(0.15)	0.00	0.00	2.62	(2.61)	9.86
STRA	1.07	0.02	0.05	0.09	1.03	(1.20)	2.17	(1.93)	11.37
LOPE	1.26	0.12	0.16	0.14	0.90	(1.69)	2.36	(1.94)	17.79

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