Educational Development Correlations

EDUC Stock

USD 1.30 0.03 2.36%

The current 90-days correlation between Educational Development and John Wiley Sons is 0.19 (i.e., Average diversification). The correlation of Educational Development 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.

Educational Development Correlation With Market

Significant diversification

The correlation between Educational Development and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Educational Development and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Educational Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For information on how to trade Educational Stock refer to our How to Trade Educational Stock guide.

Moving together with Educational Stock

0.69	M	Macys Inc	Pair Corr
0.9	W	Wayfair Trending	Pair Corr
0.77	BQ	Boqii Holding Limited	Pair Corr
0.85	FL	Foot Locker	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.8	LE	Lands End	Pair Corr
0.95	RH	RH Earnings Call Tomorrow	Pair Corr
0.78	DLTH	Duluth Holdings	Pair Corr
0.9	DXLG	Destination XL Group	Pair Corr
0.92	VSCO	Victorias Secret	Pair Corr
0.85	WEYS	Weyco Group	Pair Corr
0.85	ETSY	Etsy Inc Buyout Trend	Pair Corr
0.88	WOOF	Pet Acquisition LLC	Pair Corr
0.85	FIVE	Five Below	Pair Corr
0.8	FLWS	1 800 FLOWERSCOM	Pair Corr
0.83	AAP	Advance Auto Parts	Pair Corr
0.92	AEO	American Eagle Outfitters	Pair Corr
0.87	ANF	Abercrombie Fitch	Pair Corr
0.84	ASO	Academy Sports Outdoors	Pair Corr
0.88	FNKO	Funko Inc	Pair Corr
0.7	BBY	Best Buy Sell-off Trend	Pair Corr
0.93	BKE	Buckle Inc	Pair Corr
0.77	DDS	Dillards	Pair Corr
0.8	DKS	Dicks Sporting Goods	Pair Corr
0.85	XELB	Xcel Brands Trending	Pair Corr
0.81	FND	Floor Decor Holdings	Pair Corr
0.83	GAP	Gap, Symbol Change	Pair Corr
0.94	GCO	Genesco	Pair Corr
0.75	GES	Guess Inc	Pair Corr
0.78	GME	GameStop Corp Earnings Call Tomorrow	Pair Corr
0.87	KSS	Kohls Corp	Pair Corr
0.83	LAD	Lithia Motors	Pair Corr

Moving against Educational Stock

0.89	VIPS	Vipshop Holdings	Pair Corr
0.85	AZO	AutoZone	Pair Corr
0.71	JD	JD Inc Adr	Pair Corr
0.7	EYE	National Vision Holdings	Pair Corr
0.75	GPC	Genuine Parts	Pair Corr
0.71	PDD	PDD Holdings	Pair Corr
0.67	ORLY	OReilly Automotive	Pair Corr
0.62	MELI	MercadoLibre	Pair Corr
0.55	JWN	Nordstrom	Pair Corr
0.51	GRPN	Groupon	Pair Corr

Related Correlations Analysis

	WLYB	SCHL	PSORF	NYT	PSO
WLYB		0.43	0.0	0.59	-0.55	WLYB
SCHL	0.43		0.0	0.2	-0.07	SCHL
PSORF	0.0	0.0		0.0	0.0	PSORF
NYT	0.59	0.2	0.0		-0.62	NYT
PSO	-0.55	-0.07	0.0	-0.62		PSO
	WLYB	SCHL	PSORF	NYT	PSO

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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

NYT	+ 0.59	WLYB
SCHL	+ 0.43	WLYB
NYT	+ 0.2	SCHL
PSORF	+ 0.0	WLYB
PSORF	+ 0.0	SCHL
NYT	+ 0.0	PSORF

High negative correlations

PSO	- 0.62	NYT
PSO	- 0.55	WLYB
PSO	- 0.07	SCHL
PSO	- 0.0	PSORF
NYT	- 0.0	PSORF
PSORF	- 0.0	SCHL

Risk-Adjusted Indicators

There is a big difference between Educational Stock performing well and Educational Development 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 Educational Development'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
WLYB	1.66	(0.05)	(0.09)	2.16	(3.76)	27.80
SCHL	2.72	(0.19)	(1.71)	5.36	(4.23)	21.03
PSORF	0.00	0.00	0.00	0.00	0.00	0.00
NYT	1.06	(0.18)	(0.44)	1.69	(1.97)	13.78
PSO	1.07	(0.04)	0.35	2.02	(2.27)	8.16

Educational Development Corporate Executives

Elected by the shareholders, the Educational Development's board of directors comprises two types of representatives: Educational Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Educational. The board's role is to monitor Educational Development's management team and ensure that shareholders' interests are well served. Educational Development's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Educational Development's outside directors are responsible for providing unbiased perspectives on the board's policies.

Daniel CPA

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