Bright Scholar Correlations

Bright Scholar Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar 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 unemployment.

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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    ATGE + 0.89 APEI ATGE + 0.57 AACG AACG + 0.33 APEI VSTA + 0.33 AACG COGNY + 0.09 APEI

High negative correlations    COGNY - 0.43 AACG VSTA - 0.27 APEI VSTA - 0.2 COGNY VSTA - 0.04 ATGE ATGE - 0.02 COGNY

Risk-Adjusted Indicators

There is a big difference between Bright Stock performing well and Bright Scholar 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 Bright Scholar'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.