AMEN Properties Correlations

AMEN Stock

USD 483.69 10.28 2.08%

The current 90-days correlation between AMEN Properties and Leading Edge Materials is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AMEN Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMEN Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AMEN Properties Correlation With Market

Very good diversification

The correlation between AMEN Properties and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMEN Properties and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AMEN Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMEN Properties 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 AMEN Properties - 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 AMEN Properties to buy it.

Moving against AMEN Pink Sheet

0.68	VKQ	Invesco Municipal Trust	Pair Corr
0.65	SOJE	Southern Company	Pair Corr
0.65	TWMIF	Tidewater Midstream and Earnings Call Today	Pair Corr
0.62	WLK	Westlake Chemical	Pair Corr
0.51	XYIGY	Xinyi Glass Holdings	Pair Corr
0.51	WEJTY	Webjet Limited	Pair Corr
0.51	CING	Cingulate	Pair Corr
0.49	PPERY	Bank Mandiri Persero	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.48	AOIFF	Africa Oil Corp	Pair Corr
0.46	KRKNF	Kraken Robotics	Pair Corr
0.45	TVFCF	Télévision Française	Pair Corr
0.42	MEEEF	Metal Energy Corp	Pair Corr
0.41	INGR	Ingredion Incorporated	Pair Corr
0.41	DAWN	Day One Biopharmaceu Upward Rally	Pair Corr
0.39	BKCYF	Bank Of Cyprus Holdings P	Pair Corr
0.34	PNC	PNC Financial Services	Pair Corr
0.73	OTSKY	Otsuka Holdings	Pair Corr
0.73	AEMMY	A2A SpA ADR	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.66	MTZ	MasTec Inc	Pair Corr
0.64	CRNZF	Cairn Energy PLC	Pair Corr
0.63	CMA	Comerica Incorporated	Pair Corr
0.62	TDY	Teledyne Technologies	Pair Corr
0.62	BYM	BlackRock Municipal	Pair Corr
0.62	BNL	Broadstone Net Lease	Pair Corr
0.6	LTSK	Ladenburg Thalmann	Pair Corr

Related Correlations Analysis

	AZMTF	LEMIF	SYHBF	NWCCF	ARYMF	NYRSY	NILIF	CDBMF	HPQFF
AZMTF		0.38	0.49	0.19	0.4	0.0	0.41	-0.29	0.1	AZMTF
LEMIF	0.38		0.74	0.01	-0.06	0.0	-0.12	0.63	0.55	LEMIF
SYHBF	0.49	0.74		0.36	0.23	0.0	0.18	0.46	0.58	SYHBF
NWCCF	0.19	0.01	0.36		0.68	0.0	0.62	-0.1	0.02	NWCCF
ARYMF	0.4	-0.06	0.23	0.68		0.0	0.78	-0.32	0.05	ARYMF
NYRSY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NYRSY
NILIF	0.41	-0.12	0.18	0.62	0.78	0.0		-0.46	-0.03	NILIF
CDBMF	-0.29	0.63	0.46	-0.1	-0.32	0.0	-0.46		0.57	CDBMF
HPQFF	0.1	0.55	0.58	0.02	0.05	0.0	-0.03	0.57		HPQFF
	AZMTF	LEMIF	SYHBF	NWCCF	ARYMF	NYRSY	NILIF	CDBMF	HPQFF

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

NILIF	+ 0.78	ARYMF
SYHBF	+ 0.74	LEMIF
ARYMF	+ 0.68	NWCCF
CDBMF	+ 0.63	LEMIF
NILIF	+ 0.62	NWCCF
HPQFF	+ 0.58	SYHBF

High negative correlations

CDBMF	- 0.46	NILIF
CDBMF	- 0.32	ARYMF
CDBMF	- 0.29	AZMTF
NILIF	- 0.12	LEMIF
CDBMF	- 0.1	NWCCF
ARYMF	- 0.06	LEMIF

Risk-Adjusted Indicators

There is a big difference between AMEN Pink Sheet performing well and AMEN Properties 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 AMEN Properties' 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
AZMTF	4.13	0.16	0.03	0.18	5.13	(4.74)	10.00	(8.33)	28.00
LEMIF	5.29	1.16	0.16	1.06	4.38	(9.52)	13.64	(8.33)	39.29
SYHBF	3.66	0.64	0.13	0.37	3.27	(6.21)	9.09	(7.14)	32.89
NWCCF	5.23	0.98	0.13	(0.73)	4.68	(10.04)	17.39	(7.41)	41.03
ARYMF	10.47	1.70	0.10	3.73	10.50	(18.90)	30.80	(22.84)	103.64
NYRSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NILIF	3.84	0.41	0.10	0.22	3.75	(5.37)	9.52	(7.84)	26.19
CDBMF	3.79	1.08	0.17	4.50	2.82	(10.03)	10.00	(5.56)	54.87
HPQFF	3.08	0.19	0.02	0.30	3.73	(7.48)	7.69	(7.14)	22.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMEN Properties without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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