Bright Scholar Correlations

BEDU Stock

USD 1.75 0.10 6.06%

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

Average diversification

The correlation between Bright Scholar Education and DJI is 0.14 (i.e., Average 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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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar 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 unemployment.

Moving against Bright Stock

0.51	VSTA	Vasta Platform	Pair Corr
0.49	AACG	ATA Creativity Global	Pair Corr
0.48	AFYA	Afya	Pair Corr
0.35	JDZG	JIADE LIMITED Common	Pair Corr
0.31	SKIL	Skillsoft Corp	Pair Corr

Related Correlations Analysis

	TEDU	LAUR	CLEU	GEHI	ATGE	LOPE	AFYA	ARCE	APEI
TEDU		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TEDU
LAUR	0.0		-0.51	0.0	0.88	0.92	0.51	0.0	0.83	LAUR
CLEU	0.0	-0.51		0.0	-0.57	-0.44	0.22	0.0	-0.68	CLEU
GEHI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GEHI
ATGE	0.0	0.88	-0.57	0.0		0.96	0.42	0.0	0.95	ATGE
LOPE	0.0	0.92	-0.44	0.0	0.96		0.55	0.0	0.9	LOPE
AFYA	0.0	0.51	0.22	0.0	0.42	0.55		0.0	0.27	AFYA
ARCE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ARCE
APEI	0.0	0.83	-0.68	0.0	0.95	0.9	0.27	0.0		APEI
	TEDU	LAUR	CLEU	GEHI	ATGE	LOPE	AFYA	ARCE	APEI

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	+ 0.96	ATGE
APEI	+ 0.95	ATGE
LOPE	+ 0.92	LAUR
APEI	+ 0.9	LOPE
ATGE	+ 0.88	LAUR
APEI	+ 0.83	LAUR

High negative correlations

APEI	- 0.68	CLEU
ATGE	- 0.57	CLEU
CLEU	- 0.51	LAUR
LOPE	- 0.44	CLEU
APEI	- 0.0	ARCE
ARCE	- 0.0	AFYA

Risk-Adjusted Indicators

There is a big difference between Bright Stock performing well and Bright Scholar 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 Bright Scholar'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
TEDU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LAUR	1.37	0.23	0.12	0.29	1.57	(1.58)	3.14	(2.73)	10.84
CLEU	13.04	(0.65)	0.00	(87.95)	0.00	0.00	18.75	(32.00)	137.13
GEHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATGE	2.03	0.40	0.15	0.48	2.32	(2.16)	4.95	(3.47)	22.91
LOPE	1.40	0.17	0.09	0.22	1.67	(1.51)	3.06	(3.11)	11.67
AFYA	1.31	(0.03)	0.00	(0.03)	0.00	0.00	2.22	(2.70)	12.67
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APEI	2.08	0.43	0.14	0.67	2.48	(2.20)	5.84	(4.41)	14.58

Bright Scholar Corporate Management

Peter Schloss	Independent Director	Profile
Shuting Zhou	Director	Profile
Jun Zhao	Independent Director	Profile
Jinsheng Cheng	Vice President	Profile
Ronald Packard	Independent Director	Profile

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