Afya Correlations

AFYA Stock

USD 15.15 0.20 1.34%

The current 90-days correlation between Afya and Youdao Inc is 0.06 (i.e., Significant diversification). The correlation of Afya 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.

Afya Correlation With Market

Modest diversification

The correlation between Afya and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Afya and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Afya Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Afya. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Afya Stock refer to our How to Trade Afya Stock guide.

Moving against Afya Stock

0.41	BKRKY	Bank Rakyat	Pair Corr
0.36	BEDU	Bright Scholar Education	Pair Corr
0.35	FEDU	Four Seasons Education	Pair Corr
0.43	PBCRY	Bank Central Asia	Pair Corr
0.41	IBM	International Business	Pair Corr
0.34	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.32	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	PXED	DAO	COUR	UVV	GOTU	DOLE	UTI	STRA	SPB	IMKTA
PXED		0.51	0.5	-0.18	0.62	-0.47	0.52	0.13	-0.34	-0.12	PXED
DAO	0.51		0.49	-0.28	0.81	-0.84	0.66	-0.02	-0.68	-0.11	DAO
COUR	0.5	0.49		0.25	0.75	-0.59	0.69	0.37	-0.7	0.02	COUR
UVV	-0.18	-0.28	0.25		-0.13	0.37	0.0	0.53	0.15	0.0	UVV
GOTU	0.62	0.81	0.75	-0.13		-0.87	0.73	0.06	-0.75	-0.09	GOTU
DOLE	-0.47	-0.84	-0.59	0.37	-0.87		-0.72	0.17	0.84	0.04	DOLE
UTI	0.52	0.66	0.69	0.0	0.73	-0.72		0.39	-0.64	-0.33	UTI
STRA	0.13	-0.02	0.37	0.53	0.06	0.17	0.39		0.18	-0.32	STRA
SPB	-0.34	-0.68	-0.7	0.15	-0.75	0.84	-0.64	0.18		-0.04	SPB
IMKTA	-0.12	-0.11	0.02	0.0	-0.09	0.04	-0.33	-0.32	-0.04		IMKTA
	PXED	DAO	COUR	UVV	GOTU	DOLE	UTI	STRA	SPB	IMKTA

Please upgrade your account to get full access to Macroaxis premium features

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

SPB	+ 0.84	DOLE
GOTU	+ 0.81	DAO
GOTU	+ 0.75	COUR
UTI	+ 0.73	GOTU
UTI	+ 0.69	COUR
UTI	+ 0.66	DAO

High negative correlations

DOLE	- 0.87	GOTU
DOLE	- 0.84	DAO
SPB	- 0.75	GOTU
UTI	- 0.72	DOLE
SPB	- 0.7	COUR
SPB	- 0.68	DAO

Risk-Adjusted Indicators

There is a big difference between Afya Stock performing well and Afya 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 Afya'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
PXED	2.77	(0.28)	0.00	(0.25)	0.00	0.00	4.84	(5.94)	14.83
DAO	2.73	0.20	0.07	0.23	2.85	(3.11)	7.14	(5.06)	15.88
COUR	2.01	(0.70)	0.00	(1.11)	0.00	0.00	2.66	(6.89)	18.76
UVV	0.86	(0.06)	0.00	1.41	0.00	0.00	1.63	(1.55)	8.18
GOTU	1.91	(0.29)	0.00	(2.46)	0.00	0.00	4.96	(4.62)	14.05
DOLE	0.98	0.10	0.03	0.62	1.20	(1.15)	2.28	(2.32)	8.95
UTI	2.49	(0.28)	0.00	(0.08)	0.00	0.00	4.86	(4.94)	25.31
STRA	1.38	(0.07)	(0.03)	0.00	2.26	(1.28)	2.39	(4.08)	9.31
SPB	1.60	0.17	0.08	0.29	1.72	(1.74)	3.21	(2.88)	12.60
IMKTA	1.27	(0.05)	0.00	(0.04)	0.00	0.00	2.98	(2.41)	7.84

Afya Corporate Management

Julio Angeli	Vice Innovation	Profile
Virgilio Gibbon	Chief Officer	Profile
Luis Blanco	Chief Officer	Profile
Renata Couto	Investor Manager	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC