Aspen Correlations

Summary

ASPUDelisted Stock

USD 0.1 0 3.90%

The current 90-days correlation between Aspen Group and Gravitas Education Holdings is -0.01 (i.e., Good diversification). The correlation of Aspen 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aspen Correlation With Market

Significant diversification

The correlation between Aspen Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aspen Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aspen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aspen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aspen Group to buy it.

Moving together with Aspen Pink Sheet

0.81	EDTK	Skillful Craftsman	Pair Corr
0.63	GNS	Genius Group	Pair Corr
0.81	GSUN	Golden Sun Education	Pair Corr

Moving against Aspen Pink Sheet

0.73	DAO	Youdao Inc	Pair Corr
0.72	GHC	Graham Holdings	Pair Corr
0.67	QSG	QuantaSing Group	Pair Corr
0.64	TAL	TAL Education Group	Pair Corr
0.58	JZ	Jianzhi Education	Pair Corr
0.47	LRN	Stride Inc	Pair Corr
0.36	EEIQ	Elite Education Group	Pair Corr
0.35	COE	51Talk Online Education	Pair Corr
0.82	AACG	ATA Creativity Global	Pair Corr
0.68	LAUR	Laureate Education	Pair Corr
0.67	LINC	Lincoln Educational	Pair Corr
0.57	JDZG	JIADE LIMITED Common	Pair Corr
0.51	LTRE	Learning Tree Intern	Pair Corr
0.4	UTI	Universal Technical Upward Rally	Pair Corr
0.39	PRDO	Perdoceo Education Corp	Pair Corr
0.34	LOPE	Grand Canyon Education	Pair Corr
0.81	K	Kellanova	Pair Corr
0.73	SKIL	Skillsoft Corp	Pair Corr
0.63	BJ	BJs Wholesale Club Buyout Trend	Pair Corr
0.61	ATGE	Adtalem Global Education	Pair Corr

Related Correlations Analysis

	AACG	APEI	EDTK	GEHI	CLEU	WAFU	ATGE	VSTA	AMBO	STG
AACG		0.23	-0.73	-0.54	-0.2	-0.21	0.54	0.16	0.42	0.25	AACG
APEI	0.23		-0.25	-0.14	-0.73	-0.62	0.83	-0.29	-0.24	-0.24	APEI
EDTK	-0.73	-0.25		0.51	0.2	0.27	-0.49	-0.23	-0.29	0.04	EDTK
GEHI	-0.54	-0.14	0.51		-0.05	-0.02	-0.35	0.0	-0.18	0.17	GEHI
CLEU	-0.2	-0.73	0.2	-0.05		0.78	-0.65	-0.09	0.22	0.16	CLEU
WAFU	-0.21	-0.62	0.27	-0.02	0.78		-0.58	0.07	0.03	0.27	WAFU
ATGE	0.54	0.83	-0.49	-0.35	-0.65	-0.58		-0.04	-0.07	-0.04	ATGE
VSTA	0.16	-0.29	-0.23	0.0	-0.09	0.07	-0.04		0.04	0.32	VSTA
AMBO	0.42	-0.24	-0.29	-0.18	0.22	0.03	-0.07	0.04		0.37	AMBO
STG	0.25	-0.24	0.04	0.17	0.16	0.27	-0.04	0.32	0.37		STG
	AACG	APEI	EDTK	GEHI	CLEU	WAFU	ATGE	VSTA	AMBO	STG

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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	+ 0.83	APEI
WAFU	+ 0.78	CLEU
ATGE	+ 0.54	AACG
GEHI	+ 0.51	EDTK
AMBO	+ 0.42	AACG
STG	+ 0.37	AMBO

High negative correlations

CLEU	- 0.73	APEI
EDTK	- 0.73	AACG
ATGE	- 0.65	CLEU
WAFU	- 0.62	APEI
ATGE	- 0.58	WAFU
GEHI	- 0.54	AACG

Risk-Adjusted Indicators

There is a big difference between Aspen Pink Sheet performing well and Aspen 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 Aspen'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
AACG	3.63	1.01	0.18	(1.18)	3.85	(5.39)	8.60	(4.69)	31.55
APEI	2.17	0.33	0.17	0.24	2.15	(2.52)	6.03	(3.55)	21.66
EDTK	2.92	(0.06)	0.00	0.23	0.00	0.00	6.25	(5.83)	13.80
GEHI	2.63	(0.10)	0.00	(0.24)	0.00	0.00	7.53	(7.67)	37.55
CLEU	3.47	0.06	0.01	0.16	3.58	(7.77)	11.54	(7.69)	28.10
WAFU	2.60	(0.11)	0.00	(0.07)	0.00	0.00	5.59	(5.85)	37.09
ATGE	1.44	0.18	0.12	0.20	1.61	(1.59)	2.81	(2.83)	15.11
VSTA	1.80	(0.09)	0.00	0.31	0.00	0.00	3.60	(3.44)	21.29
AMBO	10.62	2.46	0.25	746.17	8.54	(15.71)	20.37	(12.31)	259.37
STG	5.22	0.26	0.00	(0.02)	9.11	(5.60)	12.03	(12.63)	45.91

View Aspen Related Equities

ATA Creativity Global American Public Education Skillful Craftsman Education Gravitas Education Holdings China Liberal Education Wah Fu Education Adtalem Global Education Vasta Platform Ambow Education Holding Sunlands Technology Group Cogna Educacao SA Grand Canyon Education Afya Bright Scholar Education Laureate Education

Risk & Return

Correlation

Aspen Corporate Management

Cheri Arnauld	Chief Academic Officer	Profile
Robert Alessi	Chief Officer	Profile
Gerard Wendolowski	Chief Officer	Profile
Matthew LaVay	Chief Officer	Profile

Still Interested in Aspen Group?

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