Grand Canyon Correlations

LOPE Stock

USD 166.45 4.32 2.66%

The current 90-days correlation between Grand Canyon Education and Adtalem Global Education is 0.64 (i.e., Poor diversification). The correlation of Grand Canyon 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.

Grand Canyon Correlation With Market

Poor diversification

The correlation between Grand Canyon Education and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grand Canyon Education and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Grand Canyon 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 american community survey.

Moving together with Grand Stock

0.83	GHC	Graham Holdings	Pair Corr
0.78	LRN	Stride Inc	Pair Corr
0.75	BTCTW	BTC Digital	Pair Corr
0.86	UTI	Universal Technical	Pair Corr
0.84	LAUR	Laureate Education	Pair Corr
0.86	LINC	Lincoln Educational	Pair Corr
0.92	PRDO	Perdoceo Education Corp	Pair Corr
0.89	APEI	American Public Education	Pair Corr

Moving against Grand Stock

0.55	EDU	New Oriental Education	Pair Corr
0.51	WAFU	Wah Fu Education	Pair Corr
0.48	YQ	17 Education Technology	Pair Corr
0.32	IH	Ihuman Inc	Pair Corr
0.54	LXEH	Lixiang Education Holding	Pair Corr
0.5	NAUH	National American	Pair Corr
0.44	GOTU	Gaotu Techedu DRC	Pair Corr
0.7	CLEU	China Liberal Education	Pair Corr
0.44	ASPU	Aspen Group	Pair Corr

Related Correlations Analysis

	LINC	ATGE	ARCE	STRA	LAUR	AFYA	BEDU	UTI	APEI
LINC		0.95	0.53	0.52	0.87	0.25	-0.32	0.88	0.85	LINC
ATGE	0.95		0.45	0.56	0.91	0.33	-0.21	0.85	0.85	ATGE
ARCE	0.53	0.45		-0.03	0.6	-0.3	-0.16	0.39	0.32	ARCE
STRA	0.52	0.56	-0.03		0.49	0.29	-0.34	0.67	0.75	STRA
LAUR	0.87	0.91	0.6	0.49		0.18	-0.18	0.79	0.79	LAUR
AFYA	0.25	0.33	-0.3	0.29	0.18		-0.08	0.16	0.13	AFYA
BEDU	-0.32	-0.21	-0.16	-0.34	-0.18	-0.08		-0.4	-0.35	BEDU
UTI	0.88	0.85	0.39	0.67	0.79	0.16	-0.4		0.92	UTI
APEI	0.85	0.85	0.32	0.75	0.79	0.13	-0.35	0.92		APEI
	LINC	ATGE	ARCE	STRA	LAUR	AFYA	BEDU	UTI	APEI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
APEI	+ 0.92	UTI
LAUR	+ 0.91	ATGE
UTI	+ 0.88	LINC
LAUR	+ 0.87	LINC
APEI	+ 0.85	LINC

High negative correlations

UTI	- 0.4	BEDU
APEI	- 0.35	BEDU
BEDU	- 0.34	STRA
BEDU	- 0.32	LINC
AFYA	- 0.3	ARCE
BEDU	- 0.21	ATGE

Risk-Adjusted Indicators

There is a big difference between Grand Stock performing well and Grand Canyon 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 Grand Canyon'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
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
ARCE	1.28	0.26	0.12	1.57	1.05	(1.62)	3.61	(2.22)	17.65
STRA	1.07	(0.11)	(0.05)	0.04	1.18	(1.14)	1.61	(2.00)	11.39
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
BEDU	2.62	0.10	0.00	(4.25)	3.20	(3.19)	5.56	(5.85)	18.70
UTI	2.02	0.29	0.24	0.23	1.56	(2.53)	4.61	(3.14)	15.04
APEI	2.14	0.23	0.14	0.23	2.19	(2.47)	6.03	(3.55)	21.66

Grand Canyon Corporate Management

Daniel Briggs	Chief Services	Profile
Dilek Marsh	Chief Data Officer	Profile
Stan Meyer	Chief Officer	Profile
Daniel CPA	Chief Officer	Profile
Vince Grell	Ex Partnerships	Profile
Lori Browning	Controller VP	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC