Skillsoft Corp Correlations

SKIL Stock

USD 20.42 0.39 1.87%

The current 90-days correlation between Skillsoft Corp and Strategic Education is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skillsoft Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skillsoft Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Skillsoft Corp Correlation With Market

Very good diversification

The correlation between Skillsoft Corp and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skillsoft Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillsoft 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 gross domestic product.

For more information on how to buy Skillsoft Stock please use our How to buy in Skillsoft Stock guide.

Moving together with Skillsoft Stock

0.69	BTCTW	BTC Digital	Pair Corr
0.61	LGCY	Legacy Education	Pair Corr
0.65	PRDO	Perdoceo Education Corp	Pair Corr
0.61	ATGE	Adtalem Global Education	Pair Corr
0.63	STRA	Strategic Education	Pair Corr

Moving against Skillsoft Stock

0.6	IH	Ihuman Inc	Pair Corr
0.56	GV	Visionary Education	Pair Corr
0.44	JZ	Jianzhi Education	Pair Corr
0.64	GOTU	Gaotu Techedu DRC	Pair Corr
0.32	F	Ford Motor Aggressive Push	Pair Corr

Related Correlations Analysis

	LAUR	ATGE	STRA	LOPE	STG	AFYA	ARCE	BEDU	APEI
LAUR		0.69	0.06	0.91	0.45	0.74	0.0	-0.27	0.27	LAUR
ATGE	0.69		0.33	0.85	0.51	0.51	0.0	-0.09	0.17	ATGE
STRA	0.06	0.33		0.29	0.48	-0.17	0.0	0.41	0.18	STRA
LOPE	0.91	0.85	0.29		0.61	0.66	0.0	-0.21	0.19	LOPE
STG	0.45	0.51	0.48	0.61		0.22	0.0	0.14	0.17	STG
AFYA	0.74	0.51	-0.17	0.66	0.22		0.0	-0.29	0.32	AFYA
ARCE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ARCE
BEDU	-0.27	-0.09	0.41	-0.21	0.14	-0.29	0.0		0.13	BEDU
APEI	0.27	0.17	0.18	0.19	0.17	0.32	0.0	0.13		APEI
	LAUR	ATGE	STRA	LOPE	STG	AFYA	ARCE	BEDU	APEI

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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

LOPE	+ 0.91	LAUR
LOPE	+ 0.85	ATGE
AFYA	+ 0.74	LAUR
ATGE	+ 0.69	LAUR
AFYA	+ 0.66	LOPE
STG	+ 0.61	LOPE

High negative correlations

BEDU	- 0.29	AFYA
BEDU	- 0.27	LAUR
BEDU	- 0.21	LOPE
AFYA	- 0.17	STRA
BEDU	- 0.09	ATGE
APEI	- 0.0	ARCE

Risk-Adjusted Indicators

There is a big difference between Skillsoft Stock performing well and Skillsoft Corp 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 Skillsoft Corp'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
LAUR	1.21	0.08	0.05	0.04	1.93	(1.12)	2.28	(2.47)	10.76
ATGE	1.86	0.26	0.09	0.14	2.33	(1.88)	4.03	(3.35)	11.82
STRA	1.26	(0.22)	0.00	(0.40)	0.00	0.00	2.16	(2.89)	21.15
LOPE	1.01	0.06	0.05	0.01	1.64	(0.87)	1.77	(2.26)	7.34
STG	3.37	0.07	0.00	(0.02)	0.00	0.00	7.21	(6.51)	39.47
AFYA	1.66	0.31	0.13	0.20	1.93	(1.83)	3.35	(3.64)	11.60
ARCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEDU	4.01	0.18	0.04	(1.88)	6.02	(4.33)	10.86	(7.57)	30.05
APEI	2.37	0.19	0.05	0.05	2.71	(2.61)	4.40	(5.08)	27.37

Skillsoft Corp Corporate Management

Lawrence Illg	Independent Director	Profile
Mark Klein	Director	Profile
Mark Onisk	Chief Content Officer	Profile
Ronald Hovsepian	Independent Director	Profile
Eric Stine	Chief Revenue Officer	Profile
Richard CPA	Chief Officer	Profile
Dena Brumpton	Director	Profile

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