Perdoceo Education Correlations

PRDO Stock

USD 25.22 0.64 2.60%

The current 90-days correlation between Perdoceo Education Corp and Lincoln Educational Services is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perdoceo Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perdoceo Education Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Perdoceo Education Correlation With Market

Good diversification

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

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perdoceo Education Corp. 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.

Moving together with Perdoceo Stock

0.65	EEIQ	Elite Education Group	Pair Corr
0.66	STG	Sunlands Technology	Pair Corr
0.67	BTCTW	BTC Digital	Pair Corr
0.78	LGCY	Legacy Education	Pair Corr
0.67	SKIL	Skillsoft Corp	Pair Corr
0.84	STRA	Strategic Education	Pair Corr

Moving against Perdoceo Stock

0.67	GV	Visionary Education	Pair Corr
0.65	IH	Ihuman Inc	Pair Corr
0.61	GOTU	Gaotu Techedu DRC	Pair Corr
0.58	JZ	Jianzhi Education	Pair Corr
0.38	VSTA	Vasta Platform	Pair Corr
0.44	AACG	ATA Creativity Global	Pair Corr
0.35	LXEH	Lixiang Education Holding	Pair Corr

Related Correlations Analysis

	LINC	ATGE	ARCE	LOPE	STRA	APEI	LAUR	AFYA	LRN
LINC		0.65	0.0	0.86	0.31	0.09	0.76	0.4	0.77	LINC
ATGE	0.65		0.0	0.85	0.35	0.24	0.71	0.5	0.77	ATGE
ARCE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ARCE
LOPE	0.86	0.85	0.0		0.3	0.2	0.9	0.62	0.93	LOPE
STRA	0.31	0.35	0.0	0.3		0.11	0.03	-0.21	0.11	STRA
APEI	0.09	0.24	0.0	0.2	0.11		0.3	0.37	0.12	APEI
LAUR	0.76	0.71	0.0	0.9	0.03	0.3		0.75	0.87	LAUR
AFYA	0.4	0.5	0.0	0.62	-0.21	0.37	0.75		0.66	AFYA
LRN	0.77	0.77	0.0	0.93	0.11	0.12	0.87	0.66		LRN
	LINC	ATGE	ARCE	LOPE	STRA	APEI	LAUR	AFYA	LRN

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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

LRN	+ 0.93	LOPE
LAUR	+ 0.9	LOPE
LRN	+ 0.87	LAUR
LOPE	+ 0.86	LINC
LOPE	+ 0.85	ATGE
LRN	+ 0.77	LINC

High negative correlations

AFYA	- 0.21	STRA
LRN	- 0.0	ARCE
AFYA	- 0.0	ARCE
LAUR	- 0.0	ARCE
APEI	- 0.0	ARCE
STRA	- 0.0	ARCE

Risk-Adjusted Indicators

There is a big difference between Perdoceo Stock performing well and Perdoceo Education 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 Perdoceo Education'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
LINC	2.45	0.05	0.01	(0.01)	3.40	(2.31)	4.68	(5.55)	22.97
ATGE	1.87	0.25	0.09	0.15	2.32	(1.87)	4.07	(3.35)	11.82
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOPE	1.02	0.07	0.05	0.06	1.61	(0.92)	1.93	(2.26)	7.34
STRA	1.23	(0.24)	0.00	(0.39)	0.00	0.00	1.54	(2.89)	21.01
APEI	2.39	0.10	0.03	0.02	2.73	(2.59)	4.02	(5.08)	27.37
LAUR	1.24	0.10	0.06	0.09	1.88	(1.19)	2.45	(2.47)	10.76
AFYA	1.64	0.29	0.13	0.23	1.90	(1.83)	3.35	(3.64)	11.60
LRN	1.40	0.22	0.12	2.96	2.04	(1.44)	2.49	(2.16)	13.46

Perdoceo Education Corporate Management

Greg Jansen	General VP	Profile
Ashish Ghia	Treasurer VP	Profile
Julia Leeman	Senior Operations	Profile
Christina Kline	Chief Officer	Profile
Virginia Carpenter	Managing Division	Profile
Elise Baskel	Senior University	Profile

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