Graham Holdings Correlations

Stocks . USA . 
Stock . Graham Holdings Co
GHC Stock  USD 939.81  21.24  2.21%   
The current 90-days correlation between Graham Holdings and Adtalem Global Education is 0.63 (i.e., Poor diversification). The correlation of Graham Holdings 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.

Graham Holdings Correlation With Market

Poor diversification

The correlation between Graham Holdings Co and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graham Holdings Co and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graham Holdings Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Graham Stock

  0.76YQ 17 Education TechnologyPairCorr
  0.68VSTA Vasta PlatformPairCorr
  0.78DAO Youdao IncPairCorr
  0.86LRN Stride IncPairCorr
  0.68QSG QuantaSing GroupPairCorr
  0.85TAL TAL Education GroupPairCorr
  0.81UTI Universal TechnicalPairCorr
  0.61GOTU Gaotu Techedu DRCPairCorr
  0.91LAUR Laureate EducationPairCorr
  0.73LINC Lincoln EducationalPairCorr
  0.85LOPE Grand Canyon EducationPairCorr
  0.74LXEH Lixiang Education HoldingPairCorr
  0.8AFYA AfyaPairCorr
  0.72ATGE Adtalem Global EducationPairCorr

Moving against Graham Stock

  0.72GNS Genius GroupPairCorr
  0.69EDU New Oriental EducationPairCorr
  0.54EEIQ Elite Education GroupPairCorr
  0.8MYND Myndai,PairCorr
  0.57NAMI Jinxin Technology HoldingPairCorr
  0.57CHGG Chegg IncPairCorr
  0.53TCTM Tarena InternationalPairCorr
  0.38COUR CourseraPairCorr
  0.31JDZG JIADE LIMITED CommonPairCorr

Related Correlations Analysis

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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   
EPC
+ 0.78
CABO
MSGE
+ 0.66
AXTA
AXTA
+ 0.64
ATGE
MSGE
+ 0.62
ATGE
MSGE
+ 0.15
CABO
  
High negative correlations   
EPC
- 0.55
ATGE
ATGE
- 0.55
CABO
EPC
- 0.12
MSGE
AXTA
- 0.1
CABO
EPC
- 0.02
AXTA

Risk-Adjusted Indicators

There is a big difference between Graham Stock performing well and Graham Holdings 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 Graham Holdings' 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.

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