Strategic Education Correlations

STRA Stock

USD 96.66 1.14 1.19%

The current 90-days correlation between Strategic Education and Element Solutions is 0.05 (i.e., Significant diversification). The correlation of Strategic 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.

Strategic Education Correlation With Market

Poor diversification

The correlation between Strategic Education and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Education and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Strategic 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 metropolitan statistical area.

For information on how to trade Strategic Stock refer to our How to Trade Strategic Stock guide.

Moving together with Strategic Stock

0.69	UTI	Universal Technical Upward Rally	Pair Corr
0.77	LOPE	Grand Canyon Education	Pair Corr
0.66	PRDO	Perdoceo Education Corp	Pair Corr
0.7	APEI	American Public Education	Pair Corr

Moving against Strategic Stock

0.56	IH	Ihuman Inc	Pair Corr
0.53	JDZG	JIADE LIMITED Common	Pair Corr
0.5	EDU	New Oriental Education	Pair Corr
0.5	TAL	TAL Education Group	Pair Corr
0.48	YQ	17 Education Technology	Pair Corr
0.48	QSG	QuantaSing Group	Pair Corr
0.4	DAO	Youdao Inc	Pair Corr
0.37	WAFU	Wah Fu Education	Pair Corr
0.66	LXEH	Lixiang Education Holding	Pair Corr
0.58	NAUH	National American	Pair Corr
0.54	SKIL	Skillsoft Corp	Pair Corr
0.52	CLEU	China Liberal Education	Pair Corr
0.46	AMBO	Ambow Education Holding	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.38	BQ	Boqii Holding Limited	Pair Corr
0.35	LE	Lands End	Pair Corr
0.34	AACG	ATA Creativity Global	Pair Corr
0.31	LTRE	Learning Tree Intern	Pair Corr
0.31	TCTM	Tarena International Symbol Change	Pair Corr

Related Correlations Analysis

	ESI	DV	CECO	APEI	LOPE
ESI		0.45	-0.29	0.68	0.74	ESI
DV	0.45		0.0	0.75	0.73	DV
CECO	-0.29	0.0		0.05	0.03	CECO
APEI	0.68	0.75	0.05		0.87	APEI
LOPE	0.74	0.73	0.03	0.87		LOPE
	ESI	DV	CECO	APEI	LOPE

Click cells to compare fundamentals

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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	+ 0.87	APEI
APEI	+ 0.75	DV
LOPE	+ 0.74	ESI
LOPE	+ 0.73	DV
APEI	+ 0.68	ESI
DV	+ 0.45	ESI

High negative correlations

CECO	- 0.29	ESI
CECO	- 0.0	DV

Risk-Adjusted Indicators

There is a big difference between Strategic Stock performing well and Strategic 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 Strategic 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
ESI	1.29	0.16	0.03	(0.35)	1.35	(1.51)	3.77	(1.95)	11.06
DV	1.62	(0.10)	(0.03)	0.02	2.01	(1.81)	3.51	(4.04)	10.96
CECO	2.42	0.00	0.03	0.09	3.17	(2.77)	4.65	(3.36)	18.98
APEI	2.17	0.33	0.17	0.24	2.15	(2.52)	6.03	(3.55)	21.66
LOPE	1.23	0.07	0.11	0.13	1.04	(1.53)	2.12	(2.06)	17.79

Strategic Education Corporate Executives

Elected by the shareholders, the Strategic Education's board of directors comprises two types of representatives: Strategic Education inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Strategic. The board's role is to monitor Strategic Education's management team and ensure that shareholders' interests are well served. Strategic Education's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Strategic Education's outside directors are responsible for providing unbiased perspectives on the board's policies.

Daniel Jackson

CFO and Executive VP

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