Antelope Enterprise Correlations

AEHL Stock

USD 0.26 0.01 4.00%

The current 90-days correlation between Antelope Enterprise and AAON Inc is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antelope Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antelope Enterprise Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Antelope Enterprise Correlation With Market

Significant diversification

The correlation between Antelope Enterprise Holdings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Antelope Enterprise Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Antelope Enterprise Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Antelope Stock

0.71	JBI	Janus International	Pair Corr
0.62	AIRJW	Montana Technologies Symbol Change	Pair Corr
0.76	ASPN	Aspen Aerogels	Pair Corr
0.77	CSTE	Caesarstone	Pair Corr

Moving against Antelope Stock

0.89	PPIH	Perma Pipe Internati	Pair Corr
0.86	TT	Trane Technologies plc	Pair Corr
0.82	LMB	Limbach Holdings	Pair Corr
0.8	AWI	Armstrong World Indu	Pair Corr
0.8	AAON	AAON Inc	Pair Corr
0.79	OC	Owens Corning	Pair Corr
0.79	JCI	Johnson Controls Int Fiscal Year End 10th of December 2024	Pair Corr
0.79	LII	Lennox International	Pair Corr
0.79	APOG	Apogee Enterprises	Pair Corr
0.73	LPX	Louisiana Pacific	Pair Corr
0.62	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.61	ANSLY	Ansell Ltd ADR	Pair Corr
0.6	CSL	Carlisle Companies	Pair Corr
0.57	GMS	GMS Inc	Pair Corr
0.41	AIRJ	Montana Technologies Symbol Change	Pair Corr
0.37	VKSC	Viskase Companies	Pair Corr
0.33	MAS	Masco	Pair Corr
0.82	CW	Curtiss Wright	Pair Corr
0.77	J	Jacobs Solutions	Pair Corr
0.76	BW	Babcock Wilcox Enter	Pair Corr
0.75	B	Barnes Group	Pair Corr
0.75	AZ	A2Z Smart Technologies	Pair Corr
0.72	DE	Deere Company Fiscal Year End 27th of November 2024	Pair Corr
0.66	R	Ryder System	Pair Corr
0.63	BR	Broadridge Financial	Pair Corr
0.61	AZEK	Azek Company Fiscal Year End 26th of November 2024	Pair Corr
0.59	CR	Crane Company	Pair Corr
0.58	TREX	Trex Company	Pair Corr
0.54	BV	BrightView Holdings	Pair Corr

Related Correlations Analysis

	VIEW	AZEK	AAON	GMS	VIEWW	ILAG	SWIM	TILE	TREX	NX
VIEW		-0.38	-0.81	-0.73	0.91	0.43	-0.2	-0.58	-0.43	-0.79	VIEW
AZEK	-0.38		0.76	0.71	-0.43	-0.31	0.05	0.65	0.8	0.45	AZEK
AAON	-0.81	0.76		0.86	-0.81	-0.31	-0.1	0.81	0.71	0.74	AAON
GMS	-0.73	0.71	0.86		-0.6	-0.59	-0.06	0.8	0.67	0.79	GMS
VIEWW	0.91	-0.43	-0.81	-0.6		0.27	-0.22	-0.52	-0.42	-0.7	VIEWW
ILAG	0.43	-0.31	-0.31	-0.59	0.27		-0.29	-0.21	-0.33	-0.46	ILAG
SWIM	-0.2	0.05	-0.1	-0.06	-0.22	-0.29		-0.41	-0.15	0.04	SWIM
TILE	-0.58	0.65	0.81	0.8	-0.52	-0.21	-0.41		0.66	0.65	TILE
TREX	-0.43	0.8	0.71	0.67	-0.42	-0.33	-0.15	0.66		0.53	TREX
NX	-0.79	0.45	0.74	0.79	-0.7	-0.46	0.04	0.65	0.53		NX
	VIEW	AZEK	AAON	GMS	VIEWW	ILAG	SWIM	TILE	TREX	NX

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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

VIEWW	+ 0.91	VIEW
GMS	+ 0.86	AAON
TILE	+ 0.81	AAON
TREX	+ 0.8	AZEK
TILE	+ 0.8	GMS
NX	+ 0.79	GMS

High negative correlations

VIEWW	- 0.81	AAON
AAON	- 0.81	VIEW
NX	- 0.79	VIEW
GMS	- 0.73	VIEW
NX	- 0.7	VIEWW
VIEWW	- 0.6	GMS

Risk-Adjusted Indicators

There is a big difference between Antelope Stock performing well and Antelope Enterprise 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 Antelope Enterprise'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
VIEW	12.58	(1.41)	0.00	20.20	0.00	0.00	25.00	(43.33)	133.60
AZEK	1.36	0.18	0.10	0.30	1.42	(1.46)	3.48	(2.33)	9.05
AAON	1.82	0.39	0.30	0.33	1.25	(2.35)	5.69	(2.25)	18.32
GMS	1.43	(0.03)	0.01	0.10	1.89	(1.51)	3.02	(3.29)	9.77
VIEWW	7.01	(0.94)	0.00	(1.69)	0.00	0.00	12.45	(19.38)	89.98
ILAG	3.38	0.19	0.06	0.24	4.05	(4.69)	9.41	(5.13)	35.66
SWIM	2.48	0.23	0.06	0.45	2.99	(2.73)	7.67	(3.95)	24.16
TILE	2.02	0.39	0.27	0.32	1.29	(2.48)	3.44	(2.83)	34.53
TREX	1.55	0.07	0.04	0.19	1.75	(1.70)	3.40	(2.93)	10.25
NX	2.01	0.13	0.04	0.27	2.55	(2.30)	4.43	(2.75)	32.55

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