Stride Correlations

LRN Stock

USD 133.26 0.51 0.38%

The current 90-days correlation between Stride Inc and Grand Canyon Education is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stride moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stride Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stride Correlation With Market

Significant diversification

The correlation between Stride Inc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stride Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stride Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Stride Inc. 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.

Moving together with Stride Stock

0.81	LOPE	Grand Canyon Education	Pair Corr
0.74	AFYA	Afya	Pair Corr
0.76	STRA	Strategic Education	Pair Corr

Moving against Stride Stock

0.53	GNS	Genius Group	Pair Corr
0.49	STG	Sunlands Technology	Pair Corr
0.4	FEDU	Four Seasons Education	Pair Corr
0.34	COE	51Talk Online Education	Pair Corr
0.37	VSA	TCTM Kids IT Symbol Change	Pair Corr
0.38	DIBS	1StdibsCom	Pair Corr
0.37	BH	Biglari Holdings	Pair Corr
0.36	W	Wayfair	Pair Corr
0.33	BC	Brunswick Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LOPE	ATGE	STRA	LAUR	APEI	CHGG
LOPE		0.81	0.96	0.27	0.22	0.04	LOPE
ATGE	0.81		0.84	0.65	0.69	0.44	ATGE
STRA	0.96	0.84		0.38	0.33	0.15	STRA
LAUR	0.27	0.65	0.38		0.85	0.68	LAUR
APEI	0.22	0.69	0.33	0.85		0.73	APEI
CHGG	0.04	0.44	0.15	0.68	0.73		CHGG
	LOPE	ATGE	STRA	LAUR	APEI	CHGG

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Risk-Adjusted Indicators

There is a big difference between Stride Stock performing well and Stride 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 Stride'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
LOPE	1.13	(0.12)	0.00	(0.02)	0.00	0.00	2.08	(2.43)	9.08
ATGE	1.82	0.10	0.03	0.26	2.22	(1.92)	3.33	(3.20)	22.91
STRA	1.11	(0.02)	(0.05)	0.10	1.48	(1.17)	2.23	(2.95)	8.53
LAUR	1.04	0.26	0.16	0.49	0.84	(1.20)	2.84	(1.78)	10.84
APEI	2.03	0.35	0.09	1.11	2.45	(2.14)	5.49	(4.41)	11.58
CHGG	4.77	1.56	0.35	0.95	3.72	(6.06)	11.11	(6.94)	45.57

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