New Oriental Correlations
| EDU Stock | USD 51.48 0.04 0.08% |
The current 90-days correlation between New Oriental Education and Grupo Aeroportuario del is 0.22 (i.e., Modest diversification). The correlation of New Oriental 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.
New Oriental Correlation With Market
Good diversification
The correlation between New Oriental Education and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Oriental Education and DJI in the same portfolio, assuming nothing else is changed.
Moving together with New Stock
| 0.7 | IH | Ihuman Inc | PairCorr |
| 0.66 | YQ | 17 Education Technology | PairCorr |
| 0.67 | COE | 51Talk Online Education Downward Rally | PairCorr |
| 0.75 | GNS | Genius Group | PairCorr |
| 0.68 | LAUR | Laureate Education | PairCorr |
| 0.61 | LGCY | Legacy Education | PairCorr |
Moving against New Stock
| 0.57 | JZ | Jianzhi Education Tech Boost | PairCorr |
| 0.53 | EEIQ | Elite Education Group Earnings Call This Week | PairCorr |
| 0.44 | EDTK | Skillful Craftsman | PairCorr |
| 0.34 | VSTA | Vasta Platform | PairCorr |
| 0.51 | LXEH | Lixiang Education Holding | PairCorr |
| 0.43 | AACG | ATA Creativity Global | PairCorr |
| 0.34 | GSUN | Golden Sun Education | PairCorr |
Related Correlations Analysis
| 0.66 | 0.18 | 0.0 | 0.54 | 0.91 | 0.56 | ASR | ||
| 0.66 | 0.35 | 0.0 | 0.13 | 0.64 | 0.13 | GNL-PD | ||
| 0.18 | 0.35 | 0.0 | 0.58 | 0.43 | 0.57 | TRTN-PC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CEBUY | ||
| 0.54 | 0.13 | 0.58 | 0.0 | 0.64 | 0.97 | PVARF | ||
| 0.91 | 0.64 | 0.43 | 0.0 | 0.64 | 0.66 | AL | ||
| 0.56 | 0.13 | 0.57 | 0.0 | 0.97 | 0.66 | PLYFF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between New Stock performing well and New Oriental 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 New Oriental'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASR | 1.47 | 0.30 | 0.15 | 0.68 | 1.41 | 3.39 | 8.70 | |||
| GNL-PD | 0.86 | (0.03) | (0.06) | 0.03 | 1.48 | 1.89 | 5.85 | |||
| TRTN-PC | 0.78 | 0.03 | (0.04) | 0.23 | 1.48 | 1.63 | 5.64 | |||
| CEBUY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PVARF | 0.45 | 0.22 | 0.00 | 15.41 | 0.00 | 0.00 | 15.00 | |||
| AL | 1.68 | 0.20 | 0.07 | 0.26 | 2.67 | 3.49 | 17.06 | |||
| PLYFF | 0.26 | 0.12 | 0.00 | (3.49) | 0.00 | 0.00 | 8.57 |