American Public Correlations

Stocks . Germany . 
Stock . American Public Education
51A Stock  EUR 19.20  0.10  0.52%   
The current 90-days correlation between American Public Education and RCM TECHNOLOGIES is 0.29 (i.e., Modest diversification). The correlation of American Public 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.

American Public Correlation With Market

Good diversification

The correlation between American Public Education and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Public Education and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to American Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Public when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Public - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Public Education to buy it.

Moving together with American Stock

  0.94GKD Grand Canyon EducationPairCorr
  0.89WPOB Graham HoldingsPairCorr
  0.92SQE Strategic EducationPairCorr
  0.670CG Chegg IncPairCorr
  0.9LA3A Laureate EducationPairCorr

Moving against American Stock

  0.76BYRA PT Bank RakyatPairCorr
  0.68ASJA ASTRA INTERNATIONALPairCorr
  0.63TCID Telkom Indonesia TbkPairCorr
  0.6203F IDP EDUCATION LTDPairCorr
  0.47SSU Samsung ElectronicsPairCorr
  0.47SSU Samsung ElectronicsPairCorr
  0.43SSUN Samsung ElectronicsPairCorr
  0.42SSUN Samsung ElectronicsPairCorr

Related Correlations Analysis

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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   
DVY
+ 0.93
CE1
CE1
+ 0.89
SQE
DVY
+ 0.86
RC2
DVY
+ 0.83
SQE
762
+ 0.79
RC2
CE1
+ 0.73
RC2
  
High negative correlations   
C3W
- 0.66
SQE
CE1
- 0.61
C3W
DVY
- 0.45
C3W
RC2
- 0.16
C3W
762
- 0.1
C3W

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Public 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 American Public'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Public without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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American Public Corporate Management

Elected by the shareholders, the American Public's board of directors comprises two types of representatives: American Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Public's management team and ensure that shareholders' interests are well served. American Public'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, American Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
Angela SeldenCEO PresProfile
Kevin MBASr ServicesProfile
Tanya AxensonVP OfficerProfile
Craig MacGibbonEx OfficerProfile
CFA CFAChief VPProfile
Ryan KorenAssistant DevelProfile
Thomas BeckettGen VPProfile
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