Altisource Portfolio Correlations

ASPS Stock

USD 0.76 0.01 1.33%

The current 90-days correlation between Altisource Portfolio and New England Realty is 0.25 (i.e., Modest diversification). The correlation of Altisource Portfolio 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.

Altisource Portfolio Correlation With Market

Very good diversification

The correlation between Altisource Portfolio Solutions and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altisource Portfolio Solutions 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 Altisource Portfolio Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Altisource Stock

0.61	CKX	CKX Lands	Pair Corr
0.76	O	Realty Income	Pair Corr
0.68	VINO	Gaucho Group Holdings	Pair Corr

Moving against Altisource Stock

0.73	ZG	Zillow Group	Pair Corr
0.62	UE	Urban Edge Properties	Pair Corr
0.54	CBL	CBL Associates Properties	Pair Corr
0.53	MRNO	Murano Global Investments	Pair Corr
0.48	OZ	Belpointe PREP LLC	Pair Corr
0.42	DOUG	Douglas Elliman	Pair Corr
0.35	PK	Park Hotels Resorts	Pair Corr
0.79	ACR	Acres Commercial Realty	Pair Corr
0.57	WELL	Welltower	Pair Corr
0.51	ADC	Agree Realty	Pair Corr
0.47	EQIX	Equinix	Pair Corr
0.46	MITT-PC	AG Mortgage Investment	Pair Corr
0.43	AHR	American Healthcare REIT,	Pair Corr
0.43	AHT	Ashford Hospitality Trust	Pair Corr
0.42	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	NEN	FRPH	MMI	TCI	FTHM	MAYS	FSV	MLP	NYC	HOUS
NEN		0.28	-0.02	-0.26	-0.25	-0.13	0.41	-0.01	-0.24	-0.48	NEN
FRPH	0.28		0.59	-0.15	-0.79	-0.05	0.55	0.16	-0.29	-0.31	FRPH
MMI	-0.02	0.59		0.08	-0.52	0.3	0.23	0.25	0.01	0.0	MMI
TCI	-0.26	-0.15	0.08		0.28	0.03	-0.54	0.25	0.22	0.51	TCI
FTHM	-0.25	-0.79	-0.52	0.28		-0.11	-0.52	0.12	0.44	0.53	FTHM
MAYS	-0.13	-0.05	0.3	0.03	-0.11		-0.23	0.13	0.0	0.12	MAYS
FSV	0.41	0.55	0.23	-0.54	-0.52	-0.23		-0.21	-0.32	-0.69	FSV
MLP	-0.01	0.16	0.25	0.25	0.12	0.13	-0.21		0.15	0.19	MLP
NYC	-0.24	-0.29	0.01	0.22	0.44	0.0	-0.32	0.15		0.53	NYC
HOUS	-0.48	-0.31	0.0	0.51	0.53	0.12	-0.69	0.19	0.53		HOUS
	NEN	FRPH	MMI	TCI	FTHM	MAYS	FSV	MLP	NYC	HOUS

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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

MMI	+ 0.59	FRPH
FSV	+ 0.55	FRPH
HOUS	+ 0.53	FTHM
HOUS	+ 0.53	NYC
HOUS	+ 0.51	TCI
NYC	+ 0.44	FTHM

High negative correlations

FTHM	- 0.79	FRPH
HOUS	- 0.69	FSV
FSV	- 0.54	TCI
FSV	- 0.52	FTHM
FTHM	- 0.52	MMI
HOUS	- 0.48	NEN

Risk-Adjusted Indicators

There is a big difference between Altisource Stock performing well and Altisource Portfolio 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 Altisource Portfolio'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
NEN	1.35	0.30	0.06	(0.59)	1.49	(1.58)	3.70	(3.59)	12.12
FRPH	1.03	0.07	0.05	0.19	0.99	(1.18)	2.20	(1.94)	5.60
MMI	1.37	0.00	0.02	0.12	1.50	(1.50)	4.32	(2.59)	9.67
TCI	1.28	(0.17)	0.00	(0.03)	0.00	0.00	2.60	(3.18)	9.83
FTHM	3.68	(0.35)	0.00	(5.80)	0.00	0.00	8.65	(9.09)	26.97
MAYS	0.95	0.02	0.00	0.09	0.00	0.00	3.31	(3.62)	11.71
FSV	0.78	0.11	0.02	0.62	0.72	(0.84)	1.88	(1.24)	4.36
MLP	2.19	(0.14)	0.01	0.07	2.86	(2.29)	4.26	(5.00)	20.43
NYC	2.09	(0.09)	0.00	(0.04)	0.00	0.00	5.10	(4.10)	14.68
HOUS	2.98	(0.16)	(0.04)	0.00	3.16	(3.64)	6.89	(5.35)	19.60

Altisource Portfolio Corporate Management

Michelle CPA	Chief Officer	Profile
Travis Britsch	Senior Marketplace	Profile
Gregory Ritts	General Counsel	Profile
Philip Johnsen	Senior Solutions	Profile
Israel Meir	Chief Officer	Profile
Gregory JD	Chief Secretary	Profile

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