| BEDU Stock | | | USD 1.85 0.02 1.09% |
The current 90-days correlation between Bright Scholar Education and Adtalem Global Education is 0.01 (i.e., Significant diversification). The correlation of Bright Scholar 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.
Bright Scholar Correlation With Market
Good diversification
The correlation between Bright Scholar Education and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bright Scholar Education and DJI in the same portfolio, assuming nothing else is changed.
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