Ambow Education Correlations

AMBO Stock

USD 3.02 0.10 3.42%

The current 90-days correlation between Ambow Education Holding and Lixiang Education Holding is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ambow Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ambow Education Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ambow Education Correlation With Market

Good diversification

The correlation between Ambow Education Holding and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambow Education Holding 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 Ambow Education Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against Ambow Stock

0.57	FEDU	Four Seasons Education	Pair Corr
0.44	EEIQ	Elite Education Group	Pair Corr
0.43	GNS	Genius Group	Pair Corr
0.49	CHGG	Chegg Inc	Pair Corr
0.43	NAMI	Jinxin Technology Holding	Pair Corr
0.39	MYND	Myndai,	Pair Corr
0.38	COUR	Coursera	Pair Corr

Related Correlations Analysis

	VSTA	STG	COGNY	APEI	ATGE	LOPE	AFYA	ARCE	BEDU	LXEH
VSTA		-0.07	0.82	0.26	0.41	0.44	0.81	0.0	-0.38	0.86	VSTA
STG	-0.07		0.22	0.12	0.49	0.6	0.15	0.0	0.12	-0.04	STG
COGNY	0.82	0.22		0.15	0.62	0.71	0.72	0.0	-0.34	0.8	COGNY
APEI	0.26	0.12	0.15		0.24	0.2	0.37	0.0	0.12	0.17	APEI
ATGE	0.41	0.49	0.62	0.24		0.85	0.5	0.0	-0.03	0.45	ATGE
LOPE	0.44	0.6	0.71	0.2	0.85		0.62	0.0	-0.2	0.57	LOPE
AFYA	0.81	0.15	0.72	0.37	0.5	0.62		0.0	-0.22	0.82	AFYA
ARCE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ARCE
BEDU	-0.38	0.12	-0.34	0.12	-0.03	-0.2	-0.22	0.0		-0.47	BEDU
LXEH	0.86	-0.04	0.8	0.17	0.45	0.57	0.82	0.0	-0.47		LXEH
	VSTA	STG	COGNY	APEI	ATGE	LOPE	AFYA	ARCE	BEDU	LXEH

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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

LXEH	+ 0.86	VSTA
LOPE	+ 0.85	ATGE
COGNY	+ 0.82	VSTA
LXEH	+ 0.82	AFYA
AFYA	+ 0.81	VSTA
LXEH	+ 0.8	COGNY

High negative correlations

LXEH	- 0.47	BEDU
BEDU	- 0.38	VSTA
BEDU	- 0.34	COGNY
BEDU	- 0.22	AFYA
BEDU	- 0.2	LOPE
STG	- 0.07	VSTA

Risk-Adjusted Indicators

There is a big difference between Ambow Stock performing well and Ambow Education 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 Ambow Education'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
VSTA	2.84	0.90	0.21	1.18	3.35	(3.03)	6.27	(6.80)	21.46
STG	3.43	(0.16)	0.00	(0.18)	0.00	0.00	6.50	(6.53)	39.47
COGNY	7.17	1.17	0.11	0.67	7.71	(9.88)	18.18	(11.11)	52.03
APEI	2.39	0.10	0.03	0.02	2.73	(2.59)	4.02	(5.08)	27.37
ATGE	1.87	0.25	0.09	0.15	2.32	(1.87)	4.07	(3.35)	11.82
LOPE	1.02	0.07	0.05	0.06	1.61	(0.92)	1.93	(2.26)	7.34
AFYA	1.64	0.29	0.13	0.23	1.90	(1.83)	3.35	(3.64)	11.60
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEDU	4.07	0.00	0.01	(0.03)	5.95	(4.50)	10.86	(7.57)	30.05
LXEH	5.57	2.62	0.53	3.77	3.46	(7.06)	19.06	(8.04)	55.66

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