Afya Correlations

AFYA Stock

USD 18.03 1.81 11.16%

The current 90-days correlation between Afya and Adtalem Global Education is 0.07 (i.e., Significant diversification). The correlation of Afya 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.

Afya Correlation With Market

Good diversification

The correlation between Afya and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Afya and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Afya. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Afya Stock

0.79	YQ	17 Education Technology	Pair Corr
0.72	VSTA	Vasta Platform Downward Rally	Pair Corr
0.81	DAO	Youdao Inc	Pair Corr
0.79	GHC	Graham Holdings	Pair Corr
0.72	LRN	Stride Inc	Pair Corr
0.8	QSG	QuantaSing Group	Pair Corr
0.88	TAL	TAL Education Group	Pair Corr
0.62	UTI	Universal Technical	Pair Corr
0.61	GOTU	Gaotu Techedu DRC	Pair Corr
0.72	LAUR	Laureate Education	Pair Corr
0.7	LOPE	Grand Canyon Education	Pair Corr
0.78	LXEH	Lixiang Education Holding	Pair Corr

Moving against Afya Stock

0.73	GNS	Genius Group	Pair Corr
0.59	EEIQ	Elite Education Group	Pair Corr
0.56	EDU	New Oriental Education	Pair Corr
0.36	FEDU	Four Seasons Education Potential Growth	Pair Corr
0.79	MYND	Myndai,	Pair Corr
0.66	FL	Foot Locker	Pair Corr
0.61	CHGG	Chegg Inc	Pair Corr
0.55	TCTM	Tarena International	Pair Corr
0.41	RH	RH	Pair Corr
0.39	COUR	Coursera	Pair Corr
0.39	GM	General Motors Aggressive Push	Pair Corr
0.35	BEDU	Bright Scholar Education	Pair Corr
0.33	BQ	Boqii Holding Limited	Pair Corr

Related Correlations Analysis

	ATGE	LAUR	APEI	STRA	ARCE	LOPE	BEDU	LINC	LRN
ATGE		0.72	0.27	0.42	0.0	0.86	0.05	0.68	0.84	ATGE
LAUR	0.72		0.26	0.14	0.0	0.94	-0.31	0.83	0.9	LAUR
APEI	0.27	0.26		0.25	0.0	0.25	-0.08	0.16	0.17	APEI
STRA	0.42	0.14	0.25		0.0	0.31	0.49	0.29	0.17	STRA
ARCE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ARCE
LOPE	0.86	0.94	0.25	0.31	0.0		-0.15	0.87	0.96	LOPE
BEDU	0.05	-0.31	-0.08	0.49	0.0	-0.15		-0.13	-0.2	BEDU
LINC	0.68	0.83	0.16	0.29	0.0	0.87	-0.13		0.81	LINC
LRN	0.84	0.9	0.17	0.17	0.0	0.96	-0.2	0.81		LRN
	ATGE	LAUR	APEI	STRA	ARCE	LOPE	BEDU	LINC	LRN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LRN	+ 0.96	LOPE
LOPE	+ 0.94	LAUR
LRN	+ 0.9	LAUR
LINC	+ 0.87	LOPE
LOPE	+ 0.86	ATGE
LRN	+ 0.84	ATGE

High negative correlations

BEDU	- 0.31	LAUR
LRN	- 0.2	BEDU
BEDU	- 0.15	LOPE
LINC	- 0.13	BEDU
BEDU	- 0.08	APEI
LRN	- 0.0	ARCE

Risk-Adjusted Indicators

There is a big difference between Afya Stock performing well and Afya 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 Afya'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
ATGE	1.83	0.12	0.09	(0.81)	2.42	(1.84)	4.03	(3.35)	11.82
LAUR	1.19	0.05	0.06	0.05	1.98	(1.09)	2.19	(2.47)	10.76
APEI	2.29	0.08	0.00	(0.02)	0.00	0.00	4.02	(5.08)	27.37
STRA	1.25	(0.33)	0.00	3.26	0.00	0.00	1.40	(2.89)	21.01
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOPE	0.97	0.03	0.08	0.43	1.63	(0.85)	1.73	(2.26)	7.34
BEDU	3.92	(0.14)	0.00	(0.23)	0.00	0.00	8.81	(7.57)	30.05
LINC	2.29	(0.06)	0.00	(0.51)	0.00	0.00	3.57	(5.12)	22.97
LRN	1.39	0.24	0.14	0.70	2.05	(1.46)	2.32	(2.16)	13.46

Afya Corporate Management

Julio Angeli	Vice Innovation	Profile
Virgilio Gibbon	Chief Officer	Profile
Luis Blanco	Chief Officer	Profile
Renata Couto	Investor Manager	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC