AMREP Correlations

AXR Stock

USD 19.00 0.10 0.53%

The current 90-days correlation between AMREP and Alset Ehome International is 0.11 (i.e., Average diversification). The correlation of AMREP 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.

AMREP Correlation With Market

Significant diversification

The correlation between AMREP and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMREP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AMREP Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMREP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

To learn how to invest in AMREP Stock, please use our How to Invest in AMREP guide.

Moving together with AMREP Stock

0.82	CPRT	Copart Inc	Pair Corr
0.68	NTNX	Nutanix Tech Boost	Pair Corr

Moving against AMREP Stock

0.83	QUILF	Quilter plc	Pair Corr
0.8	PACH	Pioneer Acquisition	Pair Corr
0.77	INCY	Incyte	Pair Corr
0.72	EXPE	Expedia Group	Pair Corr
0.71	DNUT	Krispy Kreme	Pair Corr
0.69	LFST	Lifestance Health	Pair Corr
0.68	GKOS	Glaukos Corp	Pair Corr
0.66	BVFL	BV Financial, Common	Pair Corr
0.62	KODK	Eastman Kodak	Pair Corr
0.61	MSB	Mesabi Trust	Pair Corr
0.57	TORO	Toro	Pair Corr
0.56	SILXF	Silex Systems Limited Tech Boost	Pair Corr
0.49	DCM	Data Communications	Pair Corr
0.49	THH	TryHard Holdings Trending	Pair Corr
0.39	CGY	Calian Technologies	Pair Corr
0.31	BACK	IMAC Holdings	Pair Corr
0.86	DRXGF	Drax Group plc	Pair Corr
0.83	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.82	FTRS	Futuris Company	Pair Corr
0.8	COPL	Copley Acquisition Corp	Pair Corr
0.76	OBIO	Orchestra BioMed Holdings	Pair Corr
0.76	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.73	ATRO	Astronics	Pair Corr
0.71	KSANF	Kansai Paint	Pair Corr
0.69	GRRLF	Grange Resources	Pair Corr
0.66	NOEM	CO2 Energy Transition	Pair Corr
0.54	SBKFF	State Bank	Pair Corr

Related Correlations Analysis

	AEI	LODE	CHCI	RPT	BEEP	CHMI	LPA	STHO	ASPS	SUNS
AEI		0.06	0.07	0.19	-0.02	0.33	0.13	0.21	-0.12	0.33	AEI
LODE	0.06		-0.21	0.16	-0.15	0.31	0.45	0.44	0.27	0.45	LODE
CHCI	0.07	-0.21		-0.42	0.6	-0.39	0.57	0.43	0.44	0.13	CHCI
RPT	0.19	0.16	-0.42		-0.59	0.63	-0.26	0.07	-0.74	0.47	RPT
BEEP	-0.02	-0.15	0.6	-0.59		-0.34	0.53	0.28	0.62	0.11	BEEP
CHMI	0.33	0.31	-0.39	0.63	-0.34		-0.09	0.24	-0.38	0.47	CHMI
LPA	0.13	0.45	0.57	-0.26	0.53	-0.09		0.81	0.67	0.6	LPA
STHO	0.21	0.44	0.43	0.07	0.28	0.24	0.81		0.39	0.77	STHO
ASPS	-0.12	0.27	0.44	-0.74	0.62	-0.38	0.67	0.39		-0.01	ASPS
SUNS	0.33	0.45	0.13	0.47	0.11	0.47	0.6	0.77	-0.01		SUNS
	AEI	LODE	CHCI	RPT	BEEP	CHMI	LPA	STHO	ASPS	SUNS

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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

STHO	+ 0.81	LPA
SUNS	+ 0.77	STHO
ASPS	+ 0.67	LPA
CHMI	+ 0.63	RPT
ASPS	+ 0.62	BEEP
BEEP	+ 0.6	CHCI

High negative correlations

ASPS	- 0.74	RPT
BEEP	- 0.59	RPT
RPT	- 0.42	CHCI
CHMI	- 0.39	CHCI
ASPS	- 0.38	CHMI
CHMI	- 0.34	BEEP

Risk-Adjusted Indicators

There is a big difference between AMREP Stock performing well and AMREP 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 AMREP'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
AEI	5.04	(0.44)	0.00	(0.05)	0.00	0.00	13.03	(12.70)	29.75
LODE	4.50	0.29	0.08	0.17	4.71	(5.24)	10.15	(8.04)	24.98
CHCI	3.09	(0.59)	0.00	(0.28)	0.00	0.00	6.31	(6.29)	25.16
RPT	1.87	(0.02)	(0.01)	0.04	2.31	(2.17)	3.47	(3.54)	15.96
BEEP	3.03	(0.39)	0.00	(0.19)	0.00	0.00	7.12	(8.28)	19.16
CHMI	1.46	0.11	0.07	0.15	1.48	(1.90)	3.40	(2.14)	7.20
LPA	3.67	(1.26)	0.00	(0.58)	0.00	0.00	6.25	(8.51)	23.38
STHO	1.45	(0.19)	0.00	(0.11)	0.00	0.00	2.91	(2.56)	7.69
ASPS	3.09	(0.71)	0.00	(4.16)	0.00	0.00	4.97	(8.97)	19.17
SUNS	1.66	(0.16)	0.00	(0.09)	0.00	0.00	3.63	(2.81)	10.49

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