American Woodmark Correlations

AMWD Stock

USD 58.76 1.66 2.91%

The current 90-days correlation between American Woodmark and LGI Homes is 0.59 (i.e., Very weak 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

Very poor diversification

The correlation between American Woodmark and DJI is 0.84 (i.e., Very poor 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 manufacturing.

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

Moving together with American Stock

0.86	NX	Quanex Building Products	Pair Corr
0.9	OC	Owens Corning Earnings Call This Week	Pair Corr
0.75	GWA	GWA Group Earnings Call This Week	Pair Corr
0.66	52SA	SYSTEMAIR AB	Pair Corr
0.72	FAN	Volution Group plc	Pair Corr
0.66	VO1	Volution Group plc	Pair Corr
0.69	LFPB	TRAVIS PERKINS LS	Pair Corr
0.91	FBIN	Fortune Brands Innov	Pair Corr
0.72	6DA	Advanced Drainage Systems	Pair Corr
0.84	AOS	Smith AO	Pair Corr
0.67	APT	Alpha Pro Tech	Pair Corr
0.69	CNR	Core Natural Resources Earnings Call This Week	Pair Corr
0.88	GFF	Griffon	Pair Corr
0.76	LII	Lennox International	Pair Corr
0.83	MAS	Masco	Pair Corr
0.81	SSD	Simpson Manufacturing	Pair Corr
0.81	WMS	Advanced Drainage Systems	Pair Corr
0.71	B1F	Builders FirstSource Earnings Call This Week	Pair Corr
0.81	2FB	Fortune Brands Home	Pair Corr

Moving against American Stock

0.66	L5E	Lindab International	Pair Corr
0.5	2VI	Arlo Technologies	Pair Corr
0.73	NCL	Northann Corp	Pair Corr
0.66	DKI	Daikin IndustriesLtd	Pair Corr

Related Correlations Analysis

	LGIH	ETD	MLKN	SMP	XPEL	FOXF	LEG	ODP	ACEL	AEVA
LGIH		0.58	0.56	0.79	0.34	0.43	0.53	0.14	0.05	0.15	LGIH
ETD	0.58		0.47	0.4	0.6	0.6	0.74	0.25	0.43	0.61	ETD
MLKN	0.56	0.47		0.82	0.85	0.91	0.85	0.4	0.75	0.4	MLKN
SMP	0.79	0.4	0.82		0.49	0.64	0.58	0.13	0.33	0.06	SMP
XPEL	0.34	0.6	0.85	0.49		0.9	0.92	0.6	0.84	0.65	XPEL
FOXF	0.43	0.6	0.91	0.64	0.9		0.9	0.33	0.87	0.66	FOXF
LEG	0.53	0.74	0.85	0.58	0.92	0.9		0.5	0.77	0.64	LEG
ODP	0.14	0.25	0.4	0.13	0.6	0.33	0.5		0.28	0.19	ODP
ACEL	0.05	0.43	0.75	0.33	0.84	0.87	0.77	0.28		0.65	ACEL
AEVA	0.15	0.61	0.4	0.06	0.65	0.66	0.64	0.19	0.65		AEVA
	LGIH	ETD	MLKN	SMP	XPEL	FOXF	LEG	ODP	ACEL	AEVA

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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	2.53	0.37	0.18	0.26	2.10	(3.34)	8.39	(3.76)	17.70
ETD	1.43	0.01	0.01	0.07	1.75	(1.56)	3.71	(2.75)	10.75
MLKN	1.69	0.62	0.32	0.52	1.37	(2.01)	4.63	(3.16)	12.01
SMP	1.32	0.20	0.16	0.24	1.05	(1.54)	3.87	(1.91)	7.53
XPEL	1.59	0.44	0.25	0.42	1.42	(1.85)	3.97	(2.05)	11.58
FOXF	1.87	0.23	0.08	0.25	2.64	(1.77)	4.58	(4.89)	12.56
LEG	1.94	0.41	0.20	0.36	1.85	(2.36)	4.46	(3.11)	24.00
ODP	1.03	0.49	0.40	(1.33)	0.00	(1.33)	0.65	(0.39)	33.52
ACEL	1.22	0.00	0.00	0.06	1.48	(1.33)	2.73	(2.61)	7.30
AEVA	5.76	0.15	0.04	0.11	6.50	(6.25)	16.00	(9.71)	48.05

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

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