American Picture Correlations
| APHP Stock | USD 0.29 0.01 3.33% |
The current 90-days correlation between American Picture House and Affluence is -0.1 (i.e., Good diversification). The correlation of American Picture 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. If the correlation is 0, the equities are not correlated; they are entirely random.
American Picture Correlation With Market
Significant diversification
The correlation between American Picture House 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 American Picture House and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to American Picture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Picture 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 American Picture - 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 American Picture House to buy it.
Moving together with American OTC Stock
| 0.63 | LYV | Live Nation Entertainment | PairCorr |
| 0.81 | CMWCF | Cromwell Property | PairCorr |
| 0.64 | CICHF | China Construction Bank | PairCorr |
| 0.66 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.67 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.7 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.63 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against American OTC Stock
| 0.65 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.38 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.56 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.47 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.4 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
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