DeVry Education Correlations
| DVY Stock | EUR 86.00 0.50 0.58% |
The current 90-days correlation between DeVry Education Group and SHIP HEALTHCARE HLDGINC is 0.1 (i.e., Average diversification). The correlation of DeVry Education 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.
DeVry Education Correlation With Market
Weak diversification
The correlation between DeVry Education Group and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DeVry Education Group and DJI in the same portfolio, assuming nothing else is changed.
DeVry |
The ability to find closely correlated positions to DeVry Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DeVry Education 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 DeVry Education - 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 DeVry Education Group to buy it.
Moving together with DeVry Stock
| 0.64 | APC | Apple Inc | PairCorr |
| 0.66 | APC | Apple Inc | PairCorr |
| 0.66 | APC | Apple Inc | PairCorr |
| 0.64 | APC | Apple Inc | PairCorr |
| 0.63 | MSF | Microsoft | PairCorr |
| 0.62 | MSF | Microsoft | PairCorr |
| 0.64 | MSF | Microsoft | PairCorr |
| 0.64 | MSF | Microsoft | PairCorr |
| 0.63 | MSF | Microsoft | PairCorr |
| 0.93 | AMZ | Amazon Inc | PairCorr |
Moving against DeVry Stock
| 0.76 | BYRA | PT Bank Rakyat | PairCorr |
| 0.7 | ASJA | ASTRA INTERNATIONAL | PairCorr |
| 0.7 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.67 | SSU | Samsung Electronics | PairCorr |
| 0.67 | SSU | Samsung Electronics | PairCorr |
| 0.65 | SSUN | Samsung Electronics | PairCorr |
| 0.64 | SSUN | Samsung Electronics | PairCorr |
| 0.39 | ASJA | ASTRA INTERNATIONAL | PairCorr |
Related Correlations Analysis
| -0.39 | -0.17 | 0.51 | -0.57 | 0.7 | 5EZ | ||
| -0.39 | 0.82 | -0.36 | 0.93 | -0.77 | UWS | ||
| -0.17 | 0.82 | -0.32 | 0.72 | -0.48 | WA4 | ||
| 0.51 | -0.36 | -0.32 | -0.41 | 0.37 | A2T | ||
| -0.57 | 0.93 | 0.72 | -0.41 | -0.86 | CLH | ||
| 0.7 | -0.77 | -0.48 | 0.37 | -0.86 | BZ7A | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DeVry Stock performing well and DeVry 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 DeVry 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5EZ | 1.16 | 0.00 | (0.05) | 0.13 | 1.61 | 2.33 | 8.82 | |||
| UWS | 0.90 | 0.16 | 0.07 | 0.79 | 0.73 | 2.13 | 7.06 | |||
| WA4 | 1.01 | 0.25 | 0.07 | 2.09 | 1.49 | 2.78 | 11.02 | |||
| A2T | 1.61 | (0.15) | 0.00 | (5.38) | 0.00 | 3.81 | 11.33 | |||
| CLH | 1.22 | 0.19 | 0.06 | 0.98 | 1.21 | 3.25 | 12.11 | |||
| BZ7A | 1.78 | (0.01) | 0.00 | 0.14 | 0.00 | 3.33 | 16.16 |
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