Afya Correlations

AFYA Stock

USD 16.80 0.47 2.72%

The current 90-days correlation between Afya and Adtalem Global Education is -0.02 (i.e., Good 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

Modest diversification

The correlation between Afya and DJI is 0.27 (i.e., Modest 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

0.8	YQ	17 Education Technology	Pair Corr
0.73	VSTA	Vasta Platform	Pair Corr
0.8	GHC	Graham Holdings	Pair Corr
0.66	LRN	Stride Inc	Pair Corr
0.87	TAL	TAL Education Group	Pair Corr
0.81	LAUR	Laureate Education	Pair Corr
0.74	LINC	Lincoln Educational	Pair Corr
0.75	LOPE	Grand Canyon Education	Pair Corr
0.65	STRA	Strategic Education	Pair Corr

Moving against Afya Stock

0.56	MYND	Myndai,	Pair Corr
0.54	EEIQ	Elite Education Group	Pair Corr
0.51	EDU	New Oriental Education	Pair Corr
0.5	GV	Visionary Education	Pair Corr
0.34	GNS	Genius Group	Pair Corr
0.72	DOOO	BRP Inc	Pair Corr
0.62	VSCO	Victorias Secret	Pair Corr
0.47	RH	RH	Pair Corr
0.45	TCTM	Tarena International	Pair Corr
0.4	DOGZ	Dogness International	Pair Corr
0.37	CLEU	China Liberal Education	Pair Corr

Related Correlations Analysis

	ATGE	LAUR	APEI	STRA	ARCE	LOPE	BEDU	LINC	LRN
ATGE		0.64	0.44	0.5	0.0	0.87	-0.35	0.63	0.93	ATGE
LAUR	0.64		0.34	0.72	0.0	0.85	-0.25	0.78	0.74	LAUR
APEI	0.44	0.34		0.47	0.0	0.54	-0.11	0.48	0.45	APEI
STRA	0.5	0.72	0.47		0.0	0.74	0.09	0.8	0.63	STRA
ARCE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ARCE
LOPE	0.87	0.85	0.54	0.74	0.0		-0.34	0.82	0.95	LOPE
BEDU	-0.35	-0.25	-0.11	0.09	0.0	-0.34		-0.24	-0.37	BEDU
LINC	0.63	0.78	0.48	0.8	0.0	0.82	-0.24		0.76	LINC
LRN	0.93	0.74	0.45	0.63	0.0	0.95	-0.37	0.76		LRN
	ATGE	LAUR	APEI	STRA	ARCE	LOPE	BEDU	LINC	LRN

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

LRN	+ 0.95	LOPE
LRN	+ 0.93	ATGE
LOPE	+ 0.87	ATGE
LOPE	+ 0.85	LAUR
LINC	+ 0.82	LOPE
LINC	+ 0.8	STRA

High negative correlations

LRN	- 0.37	BEDU
BEDU	- 0.35	ATGE
BEDU	- 0.34	LOPE
BEDU	- 0.25	LAUR
LINC	- 0.24	BEDU
BEDU	- 0.11	APEI

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	1.44	0.18	0.08	(0.65)	2.02	(1.40)	2.83	(2.91)	11.82
LAUR	1.22	0.08	0.04	0.09	1.86	(1.18)	2.45	(2.94)	10.76
APEI	1.69	0.19	0.08	0.19	2.21	(1.69)	4.40	(3.21)	13.15
STRA	0.95	0.03	0.03	(0.08)	1.33	(0.99)	2.48	(1.83)	7.32
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOPE	0.93	0.16	0.12	0.28	1.13	(0.95)	2.24	(1.78)	6.04
BEDU	3.68	(0.17)	0.00	(0.82)	0.00	0.00	8.81	(7.06)	30.05
LINC	1.97	0.25	0.09	(126.31)	2.64	(2.02)	4.04	(3.77)	14.81
LRN	1.19	0.41	0.32	26.86	0.98	(1.43)	2.56	(2.15)	9.35

Afya Corporate Management

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

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