APEI vs LINC: Correlation
Measured on weekly returns over the past three years, American Public Education, Inc. (APEI) and Lincoln Educational Services Corporation (LINC) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and LINC?
Across a 3-year window, the weekly returns of APEI and LINC correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1188.0 %².
LINC is one of the assets that tracks APEI most closely: it ranks #1 out of the 12 assets we track against APEI. The last year tells two different stories: APEI led by 21.3 percentage points, +50.5% for APEI against +29.2% for LINC.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APEI vs LINC: side by side
| APEI (American Public Education, Inc.) | LINC (Lincoln Educational Services Corporation) | |
|---|---|---|
| 1-year return | +50.5% | +29.2% |
| 5-year return | +76.0% | +298.9% |
| Volatility (ann.) | 50.5% | 49.6% |
| Beta vs S&P 500 | 0.75 | 0.89 |
| Max drawdown (3Y) | -40.5% | -55.4% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | 18.6 | 35.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | LINC |
|---|---|---|
| 2022 | -44.8% | -22.5% |
| 2023 | -21.5% | +73.4% |
| 2024 | +123.5% | +57.6% |
| 2025 | +75.2% | +52.7% |
| 2026 | +22.0% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and LINC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APEI and LINC?
The APEI/LINC correlation stands at 0.47 on a 3-year window (1 year: 0.54, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is LINC a good diversifier for APEI?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apei-vs-linc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apei-vs-linc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APEI correlations · LINC correlations
