American Public Correlations

APEI Stock

USD 19.87 0.26 1.33%

The current 90-days correlation between American Public Education and Strategic Education is 0.51 (i.e., Very weak diversification). The correlation of American Public 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.

American Public Correlation With Market

Very weak diversification

The correlation between American Public Education and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Public Education and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Public 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 income.

Moving together with American Stock

0.69	EEIQ	Elite Education Group	Pair Corr
0.76	GHC	Graham Holdings	Pair Corr
0.76	LRN	Stride Inc	Pair Corr
0.82	BTCTW	BTC Digital	Pair Corr
0.92	UTI	Universal Technical	Pair Corr
0.79	LAUR	Laureate Education	Pair Corr
0.85	LINC	Lincoln Educational	Pair Corr
0.89	LOPE	Grand Canyon Education	Pair Corr
0.96	PRDO	Perdoceo Education Corp	Pair Corr

Moving against American Stock

0.7	EDU	New Oriental Education	Pair Corr
0.65	WAFU	Wah Fu Education	Pair Corr
0.63	YQ	17 Education Technology	Pair Corr
0.5	IH	Ihuman Inc	Pair Corr
0.63	LXEH	Lixiang Education Holding	Pair Corr
0.57	GOTU	Gaotu Techedu DRC	Pair Corr
0.41	NAUH	National American	Pair Corr
0.82	CLEU	China Liberal Education	Pair Corr
0.47	TCTM	Tarena International Symbol Change	Pair Corr
0.39	ASPU	Aspen Group	Pair Corr
0.37	COUR	Coursera	Pair Corr
0.35	BEDU	Bright Scholar Education	Pair Corr

Related Correlations Analysis

	ARCE	LAUR	AFYA	STRA	LRN	LINC	ATGE	LOPE	STG	IH
ARCE		0.6	-0.3	-0.03	0.32	0.53	0.45	0.39	-0.18	0.03	ARCE
LAUR	0.6		0.18	0.49	0.78	0.87	0.91	0.84	-0.12	-0.16	LAUR
AFYA	-0.3	0.18		0.29	0.3	0.25	0.33	0.25	0.38	0.13	AFYA
STRA	-0.03	0.49	0.29		0.48	0.52	0.56	0.81	-0.23	-0.54	STRA
LRN	0.32	0.78	0.3	0.48		0.77	0.82	0.78	-0.21	-0.26	LRN
LINC	0.53	0.87	0.25	0.52	0.77		0.95	0.86	-0.07	-0.27	LINC
ATGE	0.45	0.91	0.33	0.56	0.82	0.95		0.89	-0.03	-0.19	ATGE
LOPE	0.39	0.84	0.25	0.81	0.78	0.86	0.89		-0.18	-0.32	LOPE
STG	-0.18	-0.12	0.38	-0.23	-0.21	-0.07	-0.03	-0.18		0.49	STG
IH	0.03	-0.16	0.13	-0.54	-0.26	-0.27	-0.19	-0.32	0.49		IH
	ARCE	LAUR	AFYA	STRA	LRN	LINC	ATGE	LOPE	STG	IH

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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	+ 0.95	LINC
ATGE	+ 0.91	LAUR
LOPE	+ 0.89	ATGE
LINC	+ 0.87	LAUR
LOPE	+ 0.86	LINC
LOPE	+ 0.84	LAUR

High negative correlations

IH	- 0.54	STRA
IH	- 0.32	LOPE
AFYA	- 0.3	ARCE
IH	- 0.27	LINC
IH	- 0.26	LRN
STG	- 0.23	STRA

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Public 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 American Public'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
ARCE	1.28	0.26	0.12	1.57	1.05	(1.62)	3.61	(2.22)	17.65
LAUR	1.32	0.33	0.21	0.64	1.00	(1.53)	3.14	(2.16)	12.04
AFYA	1.52	(0.17)	0.00	(0.24)	0.00	0.00	2.62	(4.21)	9.86
STRA	1.07	(0.11)	(0.05)	0.04	1.18	(1.14)	1.61	(2.00)	11.39
LRN	2.04	0.55	0.18	(1.37)	1.73	(2.59)	3.29	(2.32)	40.91
LINC	1.85	0.18	0.15	0.20	1.86	(2.17)	3.65	(4.04)	14.22
ATGE	1.45	0.13	0.10	0.20	1.61	(1.60)	2.81	(2.83)	15.11
LOPE	1.25	0.05	0.11	0.15	1.03	(1.54)	2.20	(2.06)	17.79
STG	5.22	0.28	0.00	0.01	0.00	0.00	12.03	(12.63)	45.91
IH	2.68	(0.15)	0.00	(0.03)	0.00	0.00	6.16	(5.49)	22.95

American Public Corporate Management

Steven CFA	Chief VP	Profile
Kevin MBA	Sr Services	Profile
Tanya Axenson	Senior Officer	Profile
CFA CFA	Chief VP	Profile
Ryan Koren	Assistant Development	Profile

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