Stride Inc Stock Market Value
| LRN Stock | USD 106.99 0.12 0.11% |
| Symbol | Stride |
Stride Inc Price To Book Ratio
Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stride. If investors know Stride will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stride listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.083 | Earnings Share 5.53 | Revenue Per Share 49.416 | Quarterly Revenue Growth 0.478 | Return On Assets 0.0981 |
The market value of Stride Inc is measured differently than its book value, which is the value of Stride that is recorded on the company's balance sheet. Investors also form their own opinion of Stride's value that differs from its market value or its book value, called intrinsic value, which is Stride's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stride's market value can be influenced by many factors that don't directly affect Stride's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stride's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stride is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stride's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Stride 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Stride's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Stride.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Stride on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Stride Inc or generate 0.0% return on investment in Stride over 690 days. Stride is related to or competes with Laureate Education, American Public, Lincoln Educational, Adtalem Global, Afya, Strategic Education, and Grand Canyon. Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, soft... More
Stride Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Stride's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Stride Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.073 | |||
| Maximum Drawdown | 40.91 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.29 |
Stride Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stride's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stride's standard deviation. In reality, there are many statistical measures that can use Stride historical prices to predict the future Stride's volatility.| Risk Adjusted Performance | 0.0845 | |||
| Jensen Alpha | 0.5558 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.1778 | |||
| Treynor Ratio | (1.39) |
Stride Inc Backtested Returns
Stride appears to be very steady, given 3 months investment horizon. Stride Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. By inspecting Stride's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Stride's Risk Adjusted Performance of 0.0845, coefficient of variation of 1006.65, and Semi Deviation of 1.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Stride holds a performance score of 8. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Stride are expected to decrease at a much lower rate. During the bear market, Stride is likely to outperform the market. Please check Stride's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Stride's existing price patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Stride Inc has good predictability. Overlapping area represents the amount of predictability between Stride time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Stride Inc price movement. The serial correlation of 0.76 indicates that around 76.0% of current Stride price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 164.5 |
Stride Inc lagged returns against current returns
Autocorrelation, which is Stride stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Stride's stock expected returns. We can calculate the autocorrelation of Stride returns to help us make a trade decision. For example, suppose you find that Stride has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Stride regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Stride stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stride stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stride stock over time.
Current vs Lagged Prices |
| Timeline |
Stride Lagged Returns
When evaluating Stride's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stride stock have on its future price. Stride autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Stride autocorrelation shows the relationship between Stride stock current value and its past values and can show if there is a momentum factor associated with investing in Stride Inc.
Regressed Prices |
| Timeline |
Pair Trading with Stride
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Stride position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Stride will appreciate offsetting losses from the drop in the long position's value.Moving against Stride Stock
| 0.62 | YQ | 17 Education Technology | PairCorr |
| 0.6 | EDU | New Oriental Education | PairCorr |
| 0.58 | WAFU | Wah Fu Education | PairCorr |
| 0.33 | IH | Ihuman Inc | PairCorr |
The ability to find closely correlated positions to Stride could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stride 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 Stride - 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 Stride Inc to buy it.
The correlation of Stride 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stride moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stride Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Stride can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Stride Correlation, Stride Volatility and Stride Alpha and Beta module to complement your research on Stride. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Stride technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.