American Woodmark Correlations

AMWD Stock

USD 54.70 0.29 0.53%

The current 90-days correlation between American Woodmark and LGI Homes is 0.22 (i.e., Modest diversification). The correlation of American Woodmark 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.

American Woodmark Correlation With Market

Weak diversification

The correlation between American Woodmark and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Woodmark and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with American Stock

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

For information on how to trade American Stock refer to our How to Trade American Stock guide.

Moving together with American Stock

0.95	OC	Owens Corning	Pair Corr
0.65	FAN	Volution Group plc	Pair Corr
0.77	002918	Monalisa Group	Pair Corr
0.68	AOS	Smith AO	Pair Corr
0.62	APT	Alpha Pro Tech	Pair Corr
0.79	AWI	Armstrong World Indu	Pair Corr
0.81	LII	Lennox International	Pair Corr
0.88	MAS	Masco	Pair Corr
0.73	SSD	Simpson Manufacturing	Pair Corr
0.94	WXM	WF International	Pair Corr
0.85	JCTC	Jewett Cameron Trading	Pair Corr
0.97	JELD	Jeld Wen Holding	Pair Corr

Moving against American Stock

0.72	JCI	Johnson Controls Int	Pair Corr
0.53	002791	Guangdong Kinlong	Pair Corr
0.41	CSW	CSW Industrials Symbol Change	Pair Corr
0.34	MPP	Metro Performance Glass	Pair Corr
0.85	603828	Suzhou Kelida Bldg	Pair Corr
0.71	EMB	Embelton	Pair Corr
0.58	WMS	Advanced Drainage Systems	Pair Corr
0.55	000619	Wuhu Conch Profiles	Pair Corr
0.55	NXR	Norcros Plc	Pair Corr
0.81	002372	Zhejiang Weixing New	Pair Corr
0.72	002162	Everjoy Health Group	Pair Corr
0.65	300093	Gansu Golden Glass	Pair Corr
0.55	002247	Zhejiang Dilong New	Pair Corr
0.54	301010	Jiangsu Jingxue Insu	Pair Corr
0.46	MSAIW	Infrared Cameras Holdings	Pair Corr

Related Correlations Analysis

	LGIH	ETD	MLKN	SMP	XPEL	FOXF	LEG	ODP	ACEL	AEVA
LGIH		0.1	-0.19	0.21	0.05	-0.16	0.1	-0.41	-0.16	-0.18	LGIH
ETD	0.1		0.3	0.81	-0.64	0.86	-0.33	-0.48	0.1	0.82	ETD
MLKN	-0.19	0.3		0.33	0.36	0.33	0.49	-0.14	0.82	0.42	MLKN
SMP	0.21	0.81	0.33		-0.53	0.71	-0.32	-0.5	0.12	0.58	SMP
XPEL	0.05	-0.64	0.36	-0.53		-0.7	0.88	0.34	0.48	-0.43	XPEL
FOXF	-0.16	0.86	0.33	0.71	-0.7		-0.42	-0.4	0.1	0.82	FOXF
LEG	0.1	-0.33	0.49	-0.32	0.88	-0.42		0.26	0.52	-0.12	LEG
ODP	-0.41	-0.48	-0.14	-0.5	0.34	-0.4	0.26		-0.21	-0.2	ODP
ACEL	-0.16	0.1	0.82	0.12	0.48	0.1	0.52	-0.21		0.22	ACEL
AEVA	-0.18	0.82	0.42	0.58	-0.43	0.82	-0.12	-0.2	0.22		AEVA
	LGIH	ETD	MLKN	SMP	XPEL	FOXF	LEG	ODP	ACEL	AEVA

Please upgrade your account to get full access to Macroaxis premium features

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

LEG	+ 0.88	XPEL
FOXF	+ 0.86	ETD
AEVA	+ 0.82	ETD
ACEL	+ 0.82	MLKN
AEVA	+ 0.82	FOXF
SMP	+ 0.81	ETD

High negative correlations

FOXF	- 0.7	XPEL
XPEL	- 0.64	ETD
XPEL	- 0.53	SMP
ODP	- 0.5	SMP
ODP	- 0.48	ETD
AEVA	- 0.43	XPEL

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Woodmark 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 American Woodmark'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
LGIH	2.58	(0.41)	0.00	(0.12)	0.00	0.00	7.22	(5.74)	17.70
ETD	1.35	(0.37)	0.00	(1.00)	0.00	0.00	2.23	(3.14)	12.06
MLKN	1.50	0.04	0.02	0.11	2.27	(1.46)	4.63	(3.96)	11.89
SMP	1.20	(0.20)	0.00	(0.15)	0.00	0.00	2.11	(2.25)	7.10
XPEL	1.51	0.60	0.37	0.83	1.10	(1.88)	3.31	(2.15)	11.45
FOXF	2.73	(0.51)	0.00	(0.36)	0.00	0.00	4.32	(5.82)	29.78
LEG	2.01	0.31	0.15	0.41	1.83	(2.51)	3.84	(3.23)	20.61
ODP	1.03	0.49	0.39	(1.66)	0.00	(1.33)	0.65	(0.39)	33.52
ACEL	1.27	0.02	(0.02)	0.11	1.47	(1.40)	3.14	(2.02)	6.84
AEVA	5.19	(0.23)	(0.01)	0.01	6.66	(5.07)	10.88	(10.24)	35.96

American Woodmark Corporate Management

Robert Adams	Sr. VP of Value Stream Operations	Profile
Kimberly Pascarella	Senior Officer	Profile
Kimberly Coldiron	Senior Officer	Profile
William Waszak	Senior Officer	Profile
Dwayne Medlin	Senior Sales	Profile
Glenn Eanes	VP Treasurer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC