Perdoceo Education Correlations

PRDO Stock

USD 27.67 0.34 1.24%

The current 90-days correlation between Perdoceo Education Corp and Lincoln Educational Services is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perdoceo Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perdoceo Education Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Perdoceo Education Correlation With Market

Average diversification

The correlation between Perdoceo Education Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perdoceo Education Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perdoceo Education Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Perdoceo Stock

0.83	EEIQ	Elite Education Group Earnings Call This Week	Pair Corr
0.7	DAO	Youdao Inc	Pair Corr
0.83	GHC	Graham Holdings	Pair Corr
0.86	LRN	Stride Inc Earnings Call This Week	Pair Corr
0.9	UTI	Universal Technical	Pair Corr
0.93	LAUR	Laureate Education	Pair Corr
0.8	LGCY	Legacy Education	Pair Corr
0.93	LINC	Lincoln Educational	Pair Corr
0.95	LOPE	Grand Canyon Education	Pair Corr
0.95	APEI	American Public Education	Pair Corr
0.9	ATGE	Adtalem Global Education	Pair Corr
0.9	STRA	Strategic Education	Pair Corr

Moving against Perdoceo Stock

0.78	IH	Ihuman Inc	Pair Corr
0.78	KLC	KinderCare Learning	Pair Corr
0.74	YQ	17 Education Technology	Pair Corr
0.73	FEDU	Four Seasons Education Downward Rally	Pair Corr
0.73	GOTU	Gaotu Techedu DRC	Pair Corr
0.66	WAFU	Wah Fu Education	Pair Corr
0.66	STG	Sunlands Technology	Pair Corr
0.65	VSTA	Vasta Platform	Pair Corr
0.6	TAL	TAL Education Group Earnings Call This Week	Pair Corr
0.59	GSUN	Golden Sun Education	Pair Corr
0.57	EDU	New Oriental Education Earnings Call This Week	Pair Corr
0.49	QSG	QuantaSing Group	Pair Corr
0.76	ASPU	Aspen Group	Pair Corr
0.64	TCTM	Tarena International	Pair Corr
0.41	AFYA	Afya	Pair Corr
0.41	BEDU	Bright Scholar Education	Pair Corr
0.36	AACG	ATA Creativity Global	Pair Corr

Related Correlations Analysis

	LINC	ATGE	ARCE	LOPE	STRA	APEI	LAUR	AFYA	LRN
LINC		0.86	0.54	0.96	0.93	0.86	0.93	-0.17	0.82	LINC
ATGE	0.86		0.72	0.93	0.77	0.87	0.9	-0.37	0.88	ATGE
ARCE	0.54	0.72		0.59	0.39	0.58	0.57	-0.23	0.85	ARCE
LOPE	0.96	0.93	0.59		0.92	0.89	0.94	-0.29	0.86	LOPE
STRA	0.93	0.77	0.39	0.92		0.79	0.88	-0.15	0.72	STRA
APEI	0.86	0.87	0.58	0.89	0.79		0.85	-0.58	0.83	APEI
LAUR	0.93	0.9	0.57	0.94	0.88	0.85		-0.21	0.84	LAUR
AFYA	-0.17	-0.37	-0.23	-0.29	-0.15	-0.58	-0.21		-0.33	AFYA
LRN	0.82	0.88	0.85	0.86	0.72	0.83	0.84	-0.33		LRN
	LINC	ATGE	ARCE	LOPE	STRA	APEI	LAUR	AFYA	LRN

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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

LOPE	+ 0.96	LINC
LAUR	+ 0.94	LOPE
STRA	+ 0.93	LINC
LAUR	+ 0.93	LINC
LOPE	+ 0.93	ATGE
STRA	+ 0.92	LOPE

High negative correlations

AFYA	- 0.58	APEI
AFYA	- 0.37	ATGE
LRN	- 0.33	AFYA
AFYA	- 0.29	LOPE
AFYA	- 0.23	ARCE
AFYA	- 0.21	LAUR

Risk-Adjusted Indicators

There is a big difference between Perdoceo Stock performing well and Perdoceo 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 Perdoceo 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
LINC	2.01	0.41	0.17	0.54	2.05	(2.22)	4.40	(3.85)	14.72
ATGE	1.59	0.45	0.23	0.95	1.60	(1.85)	2.88	(2.91)	15.11
ARCE	1.28	0.29	0.21	219.49	1.05	(1.62)	3.61	(2.22)	17.65
LOPE	1.34	0.39	0.31	0.58	0.92	(1.65)	2.66	(1.78)	17.97
STRA	1.15	0.17	0.12	0.30	1.30	(1.23)	2.48	(1.93)	13.91
APEI	2.10	0.68	0.28	2.02	1.83	(2.49)	6.03	(3.21)	21.66
LAUR	1.29	0.32	0.19	0.35	1.35	(1.37)	2.95	(2.16)	14.56
AFYA	1.46	(0.05)	0.00	(0.09)	0.00	0.00	2.68	(3.64)	9.27
LRN	1.97	0.79	0.38	(4.21)	1.39	(2.50)	3.02	(1.80)	41.42

Perdoceo Education Corporate Management

Ashish Ghia	Treasurer VP	Profile
David Czeszewski	Senior Officer	Profile
Christina Kline	Chief Officer	Profile
Virginia Carpenter	Managing Division	Profile
John Kline	VP University	Profile
Deborah Snyder	Chief Group	Profile

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