Classover Holdings Correlations

KIDZ Stock

0.19 0.01 5.56%

The current 90-days correlation between Classover Holdings Class and Bright Scholar Education is 0.09 (i.e., Significant diversification). The correlation of Classover 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Classover Holdings Correlation With Market

Very weak diversification

The correlation between Classover Holdings Class and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Classover Holdings Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Classover Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Classover Holdings Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Classover Stock

0.87	GV	Visionary Education	Pair Corr
0.82	JZ	Jianzhi Education	Pair Corr
0.89	EEIQ	Elite Education Group	Pair Corr
0.86	WAFU	Wah Fu Education	Pair Corr
0.72	CSV	Carriage Services	Pair Corr
0.72	FTDR	Frontdoor	Pair Corr
0.96	SGN	Signing Day Sports	Pair Corr
0.89	STG	Sunlands Technology	Pair Corr
0.88	LOPE	Grand Canyon Education	Pair Corr
0.72	NAMI	Jinxin Technology Holding	Pair Corr
0.8	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.88	PRDO	Perdoceo Education Corp	Pair Corr
0.83	ATGE	Adtalem Global Education	Pair Corr

Moving against Classover Stock

0.9	PPERY	Bank Mandiri Persero	Pair Corr
0.88	TLK	Telkom Indonesia Tbk	Pair Corr
0.87	BEDU	Bright Scholar Education	Pair Corr
0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.64	LAUR	Laureate Education	Pair Corr
0.52	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.39	PBCRF	PT Bank Central	Pair Corr
0.94	NAUFF	NevGold Corp	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.91	CASXF	Casa Minerals	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.85	FTV	Fortive Corp	Pair Corr
0.84	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.84	AXP	American Express	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	BON	MSS	PETZ	WAFU	PHH	RAY	GV	EDTK	BEDU	FCHL
BON		0.7	0.73	0.74	0.71	0.74	0.61	0.61	-0.68	0.75	BON
MSS	0.7		0.76	0.56	0.55	0.66	0.51	0.5	-0.45	0.66	MSS
PETZ	0.73	0.76		0.68	0.76	0.74	0.74	0.63	-0.69	0.79	PETZ
WAFU	0.74	0.56	0.68		0.84	0.83	0.73	0.62	-0.77	0.8	WAFU
PHH	0.71	0.55	0.76	0.84		0.89	0.86	0.64	-0.92	0.89	PHH
RAY	0.74	0.66	0.74	0.83	0.89		0.8	0.55	-0.88	0.87	RAY
GV	0.61	0.51	0.74	0.73	0.86	0.8		0.63	-0.8	0.9	GV
EDTK	0.61	0.5	0.63	0.62	0.64	0.55	0.63		-0.55	0.77	EDTK
BEDU	-0.68	-0.45	-0.69	-0.77	-0.92	-0.88	-0.8	-0.55		-0.8	BEDU
FCHL	0.75	0.66	0.79	0.8	0.89	0.87	0.9	0.77	-0.8		FCHL
	BON	MSS	PETZ	WAFU	PHH	RAY	GV	EDTK	BEDU	FCHL

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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

FCHL	+ 0.9	GV
RAY	+ 0.89	PHH
FCHL	+ 0.89	PHH
FCHL	+ 0.87	RAY
GV	+ 0.86	PHH
PHH	+ 0.84	WAFU

High negative correlations

BEDU	- 0.92	PHH
BEDU	- 0.88	RAY
FCHL	- 0.8	BEDU
BEDU	- 0.8	GV
BEDU	- 0.77	WAFU
BEDU	- 0.69	PETZ

Risk-Adjusted Indicators

There is a big difference between Classover Stock performing well and Classover 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 Classover 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BON	2.90	(0.29)	0.00	(0.31)	0.00	0.00	7.45	(6.83)	18.75
MSS	4.55	(1.78)	0.00	(1.26)	0.00	0.00	9.52	(11.11)	34.70
PETZ	1.84	(0.24)	0.00	1.28	0.00	0.00	4.04	(3.85)	12.06
WAFU	2.43	(0.25)	0.00	(0.07)	0.00	0.00	6.06	(5.76)	19.50
PHH	4.28	(0.95)	0.00	3.30	0.00	0.00	11.11	(7.50)	40.61
RAY	5.95	(1.73)	0.00	(0.77)	0.00	0.00	13.95	(15.97)	48.41
GV	2.89	(0.90)	0.00	(0.41)	0.00	0.00	7.46	(5.84)	15.05
EDTK	1.98	(0.28)	0.00	0.61	0.00	0.00	3.81	(4.76)	10.82
BEDU	1.42	0.48	0.17	6.58	1.38	(2.16)	3.72	(2.24)	21.46
FCHL	3.85	(1.24)	0.00	(0.44)	0.00	0.00	8.70	(9.09)	23.37

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