AMREP Correlations

AXR Stock

USD 21.74 0.08 0.37%

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

Weak diversification

The correlation between AMREP and DJI is 0.36 (i.e., Weak 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 american community survey.

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

Moving together with AMREP Stock

0.63

NSFDF

NXT Energy Solutions

Pair Corr

Moving against AMREP Stock

0.78	NMIH	NMI Holdings	Pair Corr
0.66	WSFS	WSFS Financial	Pair Corr
0.58	PNGZF	Paringa Resources	Pair Corr
0.51	DCM	Data Communications	Pair Corr
0.51	CGY	Calian Technologies	Pair Corr
0.49	SFHG	Samfine Creation Holdings	Pair Corr
0.48	603600	UE Furniture	Pair Corr
0.37	BCO	Brinks Company	Pair Corr
0.37	BRC	Brady	Pair Corr
0.72	FYBR	Frontier Communications	Pair Corr
0.71	ATI	Allegheny Technologies	Pair Corr
0.59	ASXSF	Elysee Development Corp	Pair Corr
0.58	WEICF	Weichai Power	Pair Corr
0.56	ACN	Accenture plc	Pair Corr
0.56	BHKLY	BOC Hong Kong	Pair Corr
0.56	BOF	BranchOut Food Common	Pair Corr
0.51	F	Ford Motor	Pair Corr
0.48	DQ	Daqo New Energy	Pair Corr
0.47	SANM	Sanmina	Pair Corr
0.44	ACR-PC	ACRES Commercial Realty	Pair Corr
0.44	KCRD	Kindcard	Pair Corr
0.41	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AEI	LODE	CHCI	RPT	BEEP	CHMI	LPA	STHO	ASPS	SUNS
AEI		0.33	-0.28	0.3	-0.33	0.41	-0.35	0.58	-0.43	0.18	AEI
LODE	0.33		-0.78	0.39	-0.66	0.62	-0.25	0.58	-0.47	0.12	LODE
CHCI	-0.28	-0.78		-0.48	0.71	-0.66	0.54	-0.48	0.71	-0.31	CHCI
RPT	0.3	0.39	-0.48		-0.57	0.71	-0.55	0.14	-0.62	0.63	RPT
BEEP	-0.33	-0.66	0.71	-0.57		-0.55	0.66	-0.44	0.72	-0.17	BEEP
CHMI	0.41	0.62	-0.66	0.71	-0.55		-0.56	0.37	-0.61	0.36	CHMI
LPA	-0.35	-0.25	0.54	-0.55	0.66	-0.56		-0.25	0.83	-0.05	LPA
STHO	0.58	0.58	-0.48	0.14	-0.44	0.37	-0.25		-0.46	0.06	STHO
ASPS	-0.43	-0.47	0.71	-0.62	0.72	-0.61	0.83	-0.46		-0.34	ASPS
SUNS	0.18	0.12	-0.31	0.63	-0.17	0.36	-0.05	0.06	-0.34		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

ASPS	+ 0.83	LPA
ASPS	+ 0.72	BEEP
BEEP	+ 0.71	CHCI
ASPS	+ 0.71	CHCI
CHMI	+ 0.71	RPT
LPA	+ 0.66	BEEP

High negative correlations

CHCI	- 0.78	LODE
CHMI	- 0.66	CHCI
BEEP	- 0.66	LODE
ASPS	- 0.62	RPT
ASPS	- 0.61	CHMI
BEEP	- 0.57	RPT

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	5.27	0.31	0.05	0.32	6.55	(5.92)	11.73	(12.70)	42.08
LODE	4.27	0.09	(0.01)	(0.82)	4.91	(4.63)	9.09	(8.04)	23.38
CHCI	2.89	(0.36)	0.00	(0.11)	0.00	0.00	5.76	(5.82)	25.16
RPT	1.72	0.16	0.06	0.35	2.11	(2.02)	3.47	(2.76)	15.57
BEEP	2.93	(0.35)	0.00	(0.16)	0.00	0.00	5.77	(7.25)	18.98
CHMI	1.53	0.16	0.10	0.26	1.29	(2.09)	3.54	(2.22)	7.99
LPA	3.49	(0.46)	0.00	(0.16)	0.00	0.00	6.86	(8.39)	23.65
STHO	1.64	0.18	0.10	0.29	1.69	(1.84)	3.91	(2.56)	7.69
ASPS	3.00	(1.08)	0.00	2.92	0.00	0.00	4.77	(8.48)	19.17
SUNS	1.57	(0.11)	(0.06)	0.00	1.74	(1.82)	3.64	(2.47)	9.22

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