China Liberal Correlations

CLEU Stock

USD 0.04 0.01 21.33%

The current 90-days correlation between China Liberal Education and Lixiang Education Holding is 0.2 (i.e., Modest diversification). The correlation of China Liberal 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. If the correlation is 0, the equities are not correlated; they are entirely random.

China Liberal Correlation With Market

Significant diversification

The correlation between China Liberal Education and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Liberal 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 China Liberal 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.

Moving together with China Stock

0.62

Visionary Education

Pair Corr

Moving against China Stock

0.63	GOTU	Gaotu Techedu DRC Trending	Pair Corr
0.6	JZ	Jianzhi Education	Pair Corr
0.56	QSG	QuantaSing Group	Pair Corr
0.55	GHC	Graham Holdings	Pair Corr
0.54	LINC	Lincoln Educational	Pair Corr
0.5	LAUR	Laureate Education	Pair Corr
0.36	IH	Ihuman Inc	Pair Corr
0.35	LOPE	Grand Canyon Education	Pair Corr
0.33	DAO	Youdao Inc	Pair Corr
0.33	STG	Sunlands Technology	Pair Corr
0.33	TAL	TAL Education Group	Pair Corr
0.45	TCTM	Tarena International	Pair Corr
0.43	AFYA	Afya	Pair Corr

Related Correlations Analysis

	LXEH	FEDU	JZ	EEIQ	WAFU	COE	ARCE	LOPE	TEDU	BEDU
LXEH		-0.56	-0.15	-0.6	0.6	0.76	0.0	0.74	0.0	-0.69	LXEH
FEDU	-0.56		0.14	0.42	-0.4	-0.43	0.0	-0.27	0.0	0.43	FEDU
JZ	-0.15	0.14		-0.3	0.14	-0.54	0.0	-0.03	0.0	-0.04	JZ
EEIQ	-0.6	0.42	-0.3		-0.54	-0.21	0.0	-0.58	0.0	0.45	EEIQ
WAFU	0.6	-0.4	0.14	-0.54		0.27	0.0	0.44	0.0	-0.46	WAFU
COE	0.76	-0.43	-0.54	-0.21	0.27		0.0	0.5	0.0	-0.44	COE
ARCE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ARCE
LOPE	0.74	-0.27	-0.03	-0.58	0.44	0.5	0.0		0.0	-0.28	LOPE
TEDU	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TEDU
BEDU	-0.69	0.43	-0.04	0.45	-0.46	-0.44	0.0	-0.28	0.0		BEDU
	LXEH	FEDU	JZ	EEIQ	WAFU	COE	ARCE	LOPE	TEDU	BEDU

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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

COE	+ 0.76	LXEH
LOPE	+ 0.74	LXEH
WAFU	+ 0.6	LXEH
LOPE	+ 0.5	COE
BEDU	+ 0.45	EEIQ
LOPE	+ 0.44	WAFU

High negative correlations

BEDU	- 0.69	LXEH
EEIQ	- 0.6	LXEH
LOPE	- 0.58	EEIQ
FEDU	- 0.56	LXEH
WAFU	- 0.54	EEIQ
COE	- 0.54	JZ

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Liberal 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 China Liberal'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
LXEH	5.93	2.63	0.51	0.99	3.83	(8.02)	19.06	(8.04)	55.66
FEDU	2.79	(0.42)	0.00	0.33	0.00	0.00	6.24	(6.60)	16.45
JZ	4.11	(0.08)	0.00	0.06	0.00	0.00	10.64	(9.48)	33.59
EEIQ	2.63	(0.28)	0.00	1.94	0.00	0.00	4.95	(6.98)	26.36
WAFU	3.79	0.69	0.16	0.43	3.69	(4.97)	6.83	(5.65)	75.34
COE	2.98	0.37	0.11	(0.63)	3.16	(4.15)	9.72	(4.78)	29.17
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOPE	0.95	0.14	0.13	(0.57)	1.14	(0.97)	2.24	(1.78)	6.04
TEDU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEDU	3.64	(0.01)	0.00	(0.01)	5.89	(3.78)	8.81	(7.06)	30.05

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