Afya Correlations

AFYA Stock

USD 14.07 0.42 2.90%

The current 90-days correlation between Afya and Perdoceo Education Corp is 0.22 (i.e., Modest 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 0.2 (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 private.

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

Related Correlations Analysis

	FIZZ	PRDO	IPAR	RLX	MH	TBBB	FLO	COTY
FIZZ		-0.04	0.38	0.55	-0.3	0.44	0.36	-0.29	FIZZ
PRDO	-0.04		0.78	-0.2	-0.7	0.24	0.41	-0.21	PRDO
IPAR	0.38	0.78		0.18	-0.76	0.62	0.69	-0.52	IPAR
RLX	0.55	-0.2	0.18		-0.14	0.14	0.24	-0.2	RLX
MH	-0.3	-0.7	-0.76	-0.14		-0.25	-0.63	0.26	MH
TBBB	0.44	0.24	0.62	0.14	-0.25		0.39	-0.71	TBBB
FLO	0.36	0.41	0.69	0.24	-0.63	0.39		-0.22	FLO
COTY	-0.29	-0.21	-0.52	-0.2	0.26	-0.71	-0.22		COTY
	FIZZ	PRDO	IPAR	RLX	MH	TBBB	FLO	COTY

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

IPAR	+ 0.78	PRDO
FLO	+ 0.69	IPAR
TBBB	+ 0.62	IPAR
RLX	+ 0.55	FIZZ
TBBB	+ 0.44	FIZZ
FLO	+ 0.41	PRDO

High negative correlations

MH	- 0.76	IPAR
COTY	- 0.71	TBBB
MH	- 0.7	PRDO
FLO	- 0.63	MH
COTY	- 0.52	IPAR
MH	- 0.3	FIZZ

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
FIZZ	1.19	0.14	0.07	0.70	1.32	(1.35)	2.94	(2.38)	7.52
PRDO	1.18	0.00	(0.01)	0.06	1.60	(1.27)	2.72	(2.56)	11.37
IPAR	1.17	0.23	0.10	0.47	1.66	(1.20)	2.62	(2.27)	8.82
RLX	1.45	0.09	0.02	0.39	1.54	(1.89)	3.15	(3.17)	14.00
MH	3.02	0.39	0.11	0.76	3.18	(3.72)	6.25	(4.78)	34.91
TBBB	2.00	0.45	0.16	0.73	2.32	(2.23)	4.52	(3.54)	13.34
FLO	1.62	(0.13)	0.00	(0.12)	0.00	0.00	4.21	(3.71)	11.13
COTY	2.24	(0.51)	0.00	(0.88)	0.00	0.00	2.95	(4.17)	24.10

Afya Corporate Management

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

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