American Rebel Correlations

AREB Stock

USD 2.24 0.01 0.45%

The current 90-days correlation between American Rebel Holdings and American Rebel Holdings is -0.1 (i.e., Good diversification). The correlation of American Rebel 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 Rebel Correlation With Market

Average diversification

The correlation between American Rebel Holdings and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Rebel 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 American Rebel 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 income.

Moving together with American Stock

0.63	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.69	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.76	FEBO	Fenbo Holdings	Pair Corr
0.61	CCS	Century Communities	Pair Corr
0.62	CRI	Carters	Pair Corr
0.64	HOV	Hovnanian Enterprises	Pair Corr
0.64	BRLT	Brilliant Earth Group	Pair Corr
0.64	CTHR	Charles Colvard	Pair Corr

Moving against American Stock

0.83	VSTO	Vista Outdoor	Pair Corr
0.74	AS	Amer Sports,	Pair Corr
0.74	DOGZ	Dogness International	Pair Corr
0.65	RL	Ralph Lauren Corp	Pair Corr
0.64	GIL	Gildan Activewear	Pair Corr
0.58	VOXX	VOXX International	Pair Corr
0.57	HBI	Hanesbrands	Pair Corr
0.56	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.45	FOSL	Fossil Group	Pair Corr
0.42	UA	Under Armour C	Pair Corr
0.33	HWH	HWH International Symbol Change	Pair Corr
0.32	VZIO	Vizio Holding Corp	Pair Corr
0.67	BQ	Boqii Holding Limited	Pair Corr
0.66	LULU	Lululemon Athletica	Pair Corr
0.57	GM	General Motors Aggressive Push	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.53	JD	JD Inc Adr	Pair Corr
0.48	EM	Smart Share Global	Pair Corr
0.43	JZ	Jianzhi Education	Pair Corr
0.41	JRSH	Jerash Holdings	Pair Corr
0.41	LI	Li Auto	Pair Corr

Related Correlations Analysis

	RBNW	CROX	DECK	NKE	DOCMF	DBI	ASCCY	AREBW	ADDDF	ADDYY
RBNW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RBNW
CROX	0.0		-0.69	0.85	0.42	0.84	0.66	0.36	0.72	0.74	CROX
DECK	0.0	-0.69		-0.55	-0.51	-0.5	-0.44	-0.4	-0.47	-0.5	DECK
NKE	0.0	0.85	-0.55		0.15	0.85	0.75	0.38	0.7	0.74	NKE
DOCMF	0.0	0.42	-0.51	0.15		0.47	0.12	0.3	0.15	0.21	DOCMF
DBI	0.0	0.84	-0.5	0.85	0.47		0.55	0.42	0.63	0.66	DBI
ASCCY	0.0	0.66	-0.44	0.75	0.12	0.55		0.24	0.64	0.7	ASCCY
AREBW	0.0	0.36	-0.4	0.38	0.3	0.42	0.24		0.37	0.38	AREBW
ADDDF	0.0	0.72	-0.47	0.7	0.15	0.63	0.64	0.37		0.95	ADDDF
ADDYY	0.0	0.74	-0.5	0.74	0.21	0.66	0.7	0.38	0.95		ADDYY
	RBNW	CROX	DECK	NKE	DOCMF	DBI	ASCCY	AREBW	ADDDF	ADDYY

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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

ADDYY	+ 0.95	ADDDF
NKE	+ 0.85	CROX
DBI	+ 0.85	NKE
DBI	+ 0.84	CROX
ASCCY	+ 0.75	NKE
ADDYY	+ 0.74	CROX

High negative correlations

DECK	- 0.69	CROX
NKE	- 0.55	DECK
DOCMF	- 0.51	DECK
ADDYY	- 0.5	DECK
DBI	- 0.5	DECK
ADDDF	- 0.47	DECK

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Rebel 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 Rebel'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
RBNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CROX	1.99	(0.51)	0.00	(0.43)	0.00	0.00	3.27	(4.25)	24.38
DECK	1.73	0.18	0.08	0.28	2.00	(1.83)	3.99	(3.72)	15.66
NKE	1.15	(0.14)	0.00	(0.32)	0.00	0.00	2.22	(2.49)	13.61
DOCMF	1.79	(0.32)	0.00	0.75	0.00	0.00	4.17	(5.26)	19.64
DBI	2.94	(0.72)	0.00	(0.45)	0.00	0.00	6.76	(7.74)	19.89
ASCCY	1.78	0.02	(0.01)	0.14	2.01	(1.95)	4.47	(3.87)	11.89
AREBW	14.61	1.47	0.09	0.66	14.89	(21.85)	39.42	(31.03)	88.64
ADDDF	1.94	(0.09)	0.00	1.53	0.00	0.00	4.87	(4.01)	14.78
ADDYY	1.41	(0.09)	0.00	1.26	0.00	0.00	2.51	(2.70)	12.13

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