Cogna Educacao Correlations

COGNY Stock

USD 0.24 0.03 11.11%

The current 90-days correlation between Cogna Educacao SA and Universal Technical Institute is 0.04 (i.e., Significant diversification). The correlation of Cogna Educacao 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.

Cogna Educacao Correlation With Market

Average diversification

The correlation between Cogna Educacao SA and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cogna Educacao SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cogna Educacao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogna Educacao when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cogna Educacao - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cogna Educacao SA to buy it.

Moving against Cogna Pink Sheet

0.42	EDU	New Oriental Education	Pair Corr
0.42	TAL	TAL Education Group	Pair Corr
0.34	DUOL	Duolingo	Pair Corr
0.47	CAPR	Capricor Therapeutics	Pair Corr
0.41	NRG	NRG Energy	Pair Corr
0.36	FIX	Comfort Systems USA	Pair Corr
0.32	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.53	JBLU	JetBlue Airways Corp	Pair Corr

Related Correlations Analysis

	VTRU	UTI	AACG	STG	VSTA	AMBO	APEI	STRA	LOPE
VTRU		0.21	0.4	0.27	-0.19	0.05	0.2	0.09	0.23	VTRU
UTI	0.21		0.4	-0.21	-0.19	-0.06	0.94	0.74	0.84	UTI
AACG	0.4	0.4		0.44	0.33	0.39	0.33	-0.12	0.3	AACG
STG	0.27	-0.21	0.44		0.21	0.6	-0.28	-0.41	-0.22	STG
VSTA	-0.19	-0.19	0.33	0.21		0.12	-0.27	-0.45	-0.22	VSTA
AMBO	0.05	-0.06	0.39	0.6	0.12		-0.18	-0.39	-0.21	AMBO
APEI	0.2	0.94	0.33	-0.28	-0.27	-0.18		0.81	0.9	APEI
STRA	0.09	0.74	-0.12	-0.41	-0.45	-0.39	0.81		0.88	STRA
LOPE	0.23	0.84	0.3	-0.22	-0.22	-0.21	0.9	0.88		LOPE
	VTRU	UTI	AACG	STG	VSTA	AMBO	APEI	STRA	LOPE

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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

APEI	+ 0.94	UTI
LOPE	+ 0.9	APEI
LOPE	+ 0.88	STRA
LOPE	+ 0.84	UTI
STRA	+ 0.81	APEI
STRA	+ 0.74	UTI

High negative correlations

STRA	- 0.45	VSTA
STRA	- 0.41	STG
STRA	- 0.39	AMBO
APEI	- 0.28	STG
APEI	- 0.27	VSTA
LOPE	- 0.22	VSTA

Risk-Adjusted Indicators

There is a big difference between Cogna Pink Sheet performing well and Cogna Educacao 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 Cogna Educacao'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
VTRU	2.64	(0.05)	(0.03)	0.03	3.63	(2.59)	5.28	(5.67)	19.54
UTI	1.99	0.29	0.25	0.23	1.46	(2.45)	4.61	(3.14)	18.66
AACG	3.25	0.86	0.17	2.57	3.54	(5.19)	8.60	(3.77)	31.55
STG	5.39	0.46	0.00	(0.04)	9.31	(5.68)	12.03	(12.63)	45.91
VSTA	1.50	0.23	0.03	(0.47)	1.70	(1.96)	3.60	(3.15)	11.83
AMBO	10.32	3.47	0.25	(0.33)	8.57	(14.88)	20.37	(12.31)	259.37
APEI	2.03	0.18	0.12	0.22	2.12	(2.25)	4.22	(3.55)	21.66
STRA	1.06	(0.13)	(0.06)	0.03	1.19	(1.15)	1.61	(2.00)	11.39
LOPE	1.26	(0.01)	0.07	0.12	1.06	(1.61)	2.20	(2.06)	17.79

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Our tools can tell you how much better you can do entering a position in Cogna Educacao without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Cogna Educacao Corporate Management

Frederico Villa	Investor CFO	Profile
Rodrigo Galindo	CEO Board	Profile
Paulo Tarso	Platos Officers	Profile
Fabio Lacerda	Admin Officers	Profile
Alicia Pinheiro	Vice Officer	Profile
Leonardo Lara	Legal Officers	Profile
Adriano Denny	Chief Officer	Profile

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