Elite Education Correlations

EEIQ Stock

USD 1.01 0.02 1.94%

The correlation of Elite Education 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.

Elite Education Correlation With Market

Average diversification

The correlation between Elite Education Group and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elite Education Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Elite Stock

0.85	DAO	Youdao Inc	Pair Corr
0.78	LRN	Stride Inc Earnings Call This Week	Pair Corr
0.93	UTI	Universal Technical	Pair Corr
0.73	LAUR	Laureate Education	Pair Corr
0.91	LGCY	Legacy Education	Pair Corr
0.7	LINC	Lincoln Educational	Pair Corr
0.74	LOPE	Grand Canyon Education	Pair Corr
0.83	PRDO	Perdoceo Education Corp	Pair Corr
0.91	APEI	American Public Education	Pair Corr
0.76	ATGE	Adtalem Global Education	Pair Corr
0.62	STRA	Strategic Education	Pair Corr
0.75	COUR	Coursera	Pair Corr

Moving against Elite Stock

0.9	KLC	KinderCare Learning	Pair Corr
0.8	FEDU	Four Seasons Education Downward Rally	Pair Corr
0.8	GOTU	Gaotu Techedu DRC	Pair Corr
0.75	STG	Sunlands Technology	Pair Corr
0.74	YQ	17 Education Technology	Pair Corr
0.74	VSTA	Vasta Platform	Pair Corr
0.69	QSG	QuantaSing Group	Pair Corr
0.66	IH	Ihuman Inc	Pair Corr
0.64	TAL	TAL Education Group Earnings Call This Week	Pair Corr
0.59	WAFU	Wah Fu Education	Pair Corr
0.52	GSUN	Golden Sun Education	Pair Corr
0.33	EDU	New Oriental Education Earnings Call This Week	Pair Corr
0.8	ASPU	Aspen Group	Pair Corr
0.72	TCTM	Tarena International	Pair Corr
0.64	AFYA	Afya	Pair Corr
0.57	AACG	ATA Creativity Global	Pair Corr
0.55	BEDU	Bright Scholar Education	Pair Corr
0.47	F	Ford Motor Aggressive Push	Pair Corr

Related Correlations Analysis

	GSUN	JZ	GNS	LXEH	QSG	WAFU	CLEU	FEDU	EDTK
GSUN		0.28	0.25	-0.16	0.38	0.63	-0.33	0.58	-0.06	GSUN
JZ	0.28		0.59	-0.61	0.59	0.24	-0.58	0.33	-0.27	JZ
GNS	0.25	0.59		-0.51	0.33	0.03	-0.38	0.03	-0.04	GNS
LXEH	-0.16	-0.61	-0.51		-0.77	0.11	0.9	-0.51	0.49	LXEH
QSG	0.38	0.59	0.33	-0.77		0.31	-0.77	0.68	-0.46	QSG
WAFU	0.63	0.24	0.03	0.11	0.31		0.01	0.38	0.02	WAFU
CLEU	-0.33	-0.58	-0.38	0.9	-0.77	0.01		-0.6	0.62	CLEU
FEDU	0.58	0.33	0.03	-0.51	0.68	0.38	-0.6		-0.41	FEDU
EDTK	-0.06	-0.27	-0.04	0.49	-0.46	0.02	0.62	-0.41		EDTK
	GSUN	JZ	GNS	LXEH	QSG	WAFU	CLEU	FEDU	EDTK

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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

CLEU	+ 0.9	LXEH
FEDU	+ 0.68	QSG
WAFU	+ 0.63	GSUN
EDTK	+ 0.62	CLEU
GNS	+ 0.59	JZ
QSG	+ 0.59	JZ

High negative correlations

CLEU	- 0.77	QSG
QSG	- 0.77	LXEH
LXEH	- 0.61	JZ
FEDU	- 0.6	CLEU
CLEU	- 0.58	JZ
FEDU	- 0.51	LXEH

Risk-Adjusted Indicators

There is a big difference between Elite Stock performing well and Elite Education 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 Elite Education'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
GSUN	4.80	(0.07)	0.00	(0.22)	0.00	0.00	9.13	(11.75)	29.63
JZ	5.15	(0.22)	0.00	0.52	0.00	0.00	12.79	(10.28)	31.82
GNS	6.50	0.06	0.01	(0.05)	6.26	(9.40)	18.46	(9.52)	86.07
LXEH	6.19	1.32	0.19	(1.67)	6.02	(7.89)	19.06	(11.15)	50.74
QSG	4.76	(0.65)	0.00	14.63	0.00	0.00	7.30	(10.06)	41.69
WAFU	2.45	(0.18)	0.00	(0.28)	0.00	0.00	5.59	(5.65)	14.06
CLEU	37.18	18.99	3.16	4.41	3.98	(82.11)	17.36	(7.73)	1,229
FEDU	1.75	(0.12)	0.00	(3.14)	0.00	0.00	4.73	(4.04)	10.92
EDTK	3.03	0.23	0.06	1.25	3.19	(3.69)	7.22	(5.61)	14.88

Elite Education Corporate Management

Jing Li	Chief Officer	Profile
Zhenyu Wu	CFO Director	Profile
Bo Yu	Chief Officer	Profile
Jianbo Zhang	Chairman CEO	Profile

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