AMREP Correlations

AXR Stock

USD 26.02 0.23 0.88%

The current 90-days correlation between AMREP and Alset Ehome International is 0.06 (i.e., Significant 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

Modest diversification

The correlation between AMREP and DJI is 0.26 (i.e., Modest 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 housing.

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

Moving together with AMREP Stock

0.72	BAOA	Bastogi SpA	Pair Corr
0.62	MSA	MSA Safety	Pair Corr

Moving against AMREP Stock

0.72	TEP	Teleperformance SE Earnings Call This Week	Pair Corr
0.59	WOSB	Wolters Kluwers Nv Earnings Call This Week	Pair Corr
0.57	OYM1	Odyssey Marine Explo	Pair Corr
0.41	EDEN	Edenred SA Earnings Call This Week	Pair Corr
0.59	WKL	Wolters Kluwer NV Earnings Call This Week	Pair Corr
0.32	N09	NOVUS HOLDINGS LTD	Pair Corr
0.31	MMY	Maximus	Pair Corr

Related Correlations Analysis

	AEI	LODE	CHCI	RPT	BEEP	CHMI	LPA	STHO	ASPS	SUNS
AEI		0.41	-0.16	0.52	-0.46	0.42	-0.09	0.46	-0.28	-0.03	AEI
LODE	0.41		-0.18	0.45	-0.67	0.29	0.2	0.46	0.02	0.1	LODE
CHCI	-0.16	-0.18		-0.36	0.26	-0.82	0.65	-0.42	0.81	0.19	CHCI
RPT	0.52	0.45	-0.36		-0.28	0.56	-0.1	0.24	-0.47	0.3	RPT
BEEP	-0.46	-0.67	0.26	-0.28		-0.24	0.09	-0.26	0.01	-0.05	BEEP
CHMI	0.42	0.29	-0.82	0.56	-0.24		-0.57	0.61	-0.88	-0.18	CHMI
LPA	-0.09	0.2	0.65	-0.1	0.09	-0.57		-0.18	0.67	0.16	LPA
STHO	0.46	0.46	-0.42	0.24	-0.26	0.61	-0.18		-0.47	-0.41	STHO
ASPS	-0.28	0.02	0.81	-0.47	0.01	-0.88	0.67	-0.47		0.14	ASPS
SUNS	-0.03	0.1	0.19	0.3	-0.05	-0.18	0.16	-0.41	0.14		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	+ 0.81	CHCI
ASPS	+ 0.67	LPA
LPA	+ 0.65	CHCI
STHO	+ 0.61	CHMI
CHMI	+ 0.56	RPT
RPT	+ 0.52	AEI

High negative correlations

ASPS	- 0.88	CHMI
CHMI	- 0.82	CHCI
BEEP	- 0.67	LODE
LPA	- 0.57	CHMI
ASPS	- 0.47	STHO
ASPS	- 0.47	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	5.24	0.15	0.02	0.54	5.93	(6.13)	11.73	(10.26)	42.08
LODE	4.44	(0.04)	0.00	0.02	6.12	(4.13)	9.09	(9.60)	25.76
CHCI	2.42	(0.55)	0.00	(0.34)	0.00	0.00	5.25	(5.82)	19.30
RPT	1.54	0.01	(0.01)	0.06	2.00	(1.67)	3.34	(3.16)	8.94
BEEP	3.04	(0.09)	0.00	(0.05)	0.00	0.00	7.17	(7.25)	18.98
CHMI	1.50	0.17	0.10	0.18	1.48	(1.87)	3.52	(2.67)	9.35
LPA	3.07	(0.38)	0.00	(0.30)	0.00	0.00	6.86	(8.39)	16.30
STHO	1.67	0.13	0.04	(0.57)	2.09	(1.80)	3.86	(2.63)	12.93
ASPS	4.01	(0.77)	0.00	(2.44)	0.00	0.00	5.87	(8.97)	30.16
SUNS	1.53	0.07	0.04	0.11	1.48	(1.85)	3.40	(2.11)	9.22

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