American Public Correlations

APEI Stock

USD 22.99 0.15 0.66%

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

Very weak diversification

The correlation between American Public Education and DJI is 0.4 (i.e., Very weak 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.

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

Related Correlations Analysis

	ARCE	LAUR	AFYA	STRA	LRN	LINC	ATGE	LOPE	STG	IH
ARCE		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ARCE
LAUR	0.0		0.69	0.0	0.84	0.76	0.58	0.83	0.36	0.29	LAUR
AFYA	0.0	0.69		-0.22	0.64	0.35	0.5	0.6	0.14	0.67	AFYA
STRA	0.0	0.0	-0.22		0.15	0.24	0.36	0.31	0.51	-0.73	STRA
LRN	0.0	0.84	0.64	0.15		0.78	0.83	0.95	0.56	0.14	LRN
LINC	0.0	0.76	0.35	0.24	0.78		0.54	0.82	0.65	-0.14	LINC
ATGE	0.0	0.58	0.5	0.36	0.83	0.54		0.85	0.5	0.0	ATGE
LOPE	0.0	0.83	0.6	0.31	0.95	0.82	0.85		0.61	0.02	LOPE
STG	0.0	0.36	0.14	0.51	0.56	0.65	0.5	0.61		-0.37	STG
IH	0.0	0.29	0.67	-0.73	0.14	-0.14	0.0	0.02	-0.37		IH
	ARCE	LAUR	AFYA	STRA	LRN	LINC	ATGE	LOPE	STG	IH

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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

LOPE	+ 0.95	LRN
LOPE	+ 0.85	ATGE
LRN	+ 0.84	LAUR
LOPE	+ 0.83	LAUR
ATGE	+ 0.83	LRN
LOPE	+ 0.82	LINC

High negative correlations

IH	- 0.73	STRA
IH	- 0.37	STG
STRA	- 0.22	AFYA
IH	- 0.14	LINC
IH	- 0.0	ATGE
STRA	- 0.0	LAUR

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LAUR	1.24	0.08	0.04	(0.21)	1.88	(1.19)	2.45	(2.47)	10.76
AFYA	1.64	0.29	0.13	0.25	1.88	(1.82)	3.35	(3.64)	11.66
STRA	1.20	(0.24)	0.00	(0.34)	0.00	0.00	1.54	(2.89)	21.01
LRN	1.40	0.26	0.12	0.52	2.06	(1.44)	2.49	(2.16)	13.46
LINC	2.45	(0.01)	0.00	0.03	3.40	(2.31)	4.68	(5.55)	22.97
ATGE	1.87	0.20	0.08	0.14	2.32	(1.87)	4.07	(3.35)	11.82
LOPE	1.01	0.05	0.03	0.07	1.56	(0.92)	1.93	(2.26)	7.34
STG	3.41	(0.11)	0.00	(0.10)	0.00	0.00	6.50	(6.53)	39.47
IH	3.02	0.65	0.14	(0.84)	3.66	(3.48)	9.49	(4.78)	34.80

American Public Corporate Management

Kevin MBA	Sr Services	Profile
Tanya Axenson	Senior Officer	Profile
CFA CFA	Chief VP	Profile
Ryan Koren	Assistant Development	Profile
Mark Triest	Senior Officer	Profile

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