American Express Correlations

Stocks . USA . 
Stock . American Express
AXP Stock  USD 364.79  0.00  0.00%   
The current 90-days correlation between American Express and Mastercard is 0.57 (i.e., Very weak diversification). The correlation of American Express 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 Express Correlation With Market

Poor diversification

The correlation between American Express and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Express 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 Express. 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.
To learn how to invest in American Stock, please use our How to Invest in American Express guide.

Moving together with American Stock

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  0.67ECPG Encore Capital GroupPairCorr
  0.79ENVA Enova InternationalPairCorr
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  0.83COF Capital One Financial Earnings Call This WeekPairCorr
  0.65NNI Nelnet IncPairCorr
  0.83OMF OneMain HoldingsPairCorr
  0.85SYF Synchrony FinancialPairCorr

Moving against American Stock

  0.58LX Lexinfintech HoldingsPairCorr
  0.530H9P Intrum ABPairCorr
  0.5FINV FinVolution GroupPairCorr
  0.47LU Lufax HoldingPairCorr
  0.66PLT Plenti GroupPairCorr
  0.63XYF X Financial ClassPairCorr
  0.6YRD YirendaiPairCorr
  0.59EPF Everyday People FinancialPairCorr
  0.52LFS Latitude Group HoldingsPairCorr
  0.41PYPL PayPal Holdings CDRPairCorr
  0.38GSY goeasyPairCorr
  0.68BTN ButnPairCorr
  0.67ACD Accord Financial CorpPairCorr
  0.65JFIN Jiayin GroupPairCorr
  0.49OBL Omni BridgewayPairCorr

Related Correlations Analysis


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

WFC
+ 0.94
ALLY
CAT
+ 0.66
WFC
CAT
+ 0.62
ALLY
ALLY
+ 0.61
MA
WFC
+ 0.58
MA
PYPL
+ 0.07
MA
  

High negative correlations

CAT
- 0.7
PYPL
WFC
- 0.62
PYPL
ALLY
- 0.62
PYPL
CAT
- 0.05
MA

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Express 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 Express' 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.

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