AMREP Correlations

AXR Stock

USD 20.96 0.19 0.91%

The current 90-days correlation between AMREP and Alset Ehome International is 0.14 (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

Very good diversification

The correlation between AMREP and DJI is -0.35 (i.e., Very good 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 various price indices.

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

Moving against AMREP Stock

0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.76	FCAP	First Capital	Pair Corr
0.66	CV	CapsoVision Common Stock	Pair Corr
0.66	C	Citigroup Aggressive Push	Pair Corr
0.61	LMND	Lemonade Buyout Trend	Pair Corr
0.59	PPERF	Bank Mandiri Persero	Pair Corr
0.54	WF	Woori Financial Group	Pair Corr
0.53	ALTI	Alvarium Tiedemann	Pair Corr
0.52	PHI	PLDT Inc ADR	Pair Corr
0.48	IDYA	Ideaya Biosciences	Pair Corr
0.44	DCM	Data Communications	Pair Corr
0.4	CGY	Calian Technologies	Pair Corr
0.4	PTBRY	Bank Negara Indonesia	Pair Corr
0.39	603600	UE Furniture	Pair Corr
0.38	KB	KB Financial Group	Pair Corr
0.35	KGC	Kinross Gold Aggressive Push	Pair Corr
0.34	603187	Qingdao Hiron Commercial	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr
0.77	AIZ	Assurant	Pair Corr
0.68	MNHVF	Mowi ASA	Pair Corr
0.63	ZYME	Zymeworks Common Stock	Pair Corr
0.62	CXMSF	CEMEX SAB de	Pair Corr
0.61	AAL	American Airlines Earnings Call This Week	Pair Corr
0.57	KEYS	Keysight Technologies	Pair Corr
0.56	SGML	Sigma Lithium Resources Sell-off Trend	Pair Corr
0.53	ABEV	Ambev SA ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	AEI	LODE	CHCI	RPT	BEEP	CHMI	LPA	STHO	ASPS	SUNS
AEI		0.38	-0.22	0.38	-0.35	0.47	-0.35	0.31	-0.46	0.13	AEI
LODE	0.38		-0.79	0.7	-0.73	0.84	-0.39	0.55	-0.69	0.18	LODE
CHCI	-0.22	-0.79		-0.55	0.56	-0.76	0.3	-0.57	0.55	-0.19	CHCI
RPT	0.38	0.7	-0.55		-0.7	0.71	-0.57	0.19	-0.83	0.5	RPT
BEEP	-0.35	-0.73	0.56	-0.7		-0.63	0.67	-0.14	0.73	-0.11	BEEP
CHMI	0.47	0.84	-0.76	0.71	-0.63		-0.54	0.55	-0.81	0.16	CHMI
LPA	-0.35	-0.39	0.3	-0.57	0.67	-0.54		0.2	0.77	0.01	LPA
STHO	0.31	0.55	-0.57	0.19	-0.14	0.55	0.2		-0.15	-0.12	STHO
ASPS	-0.46	-0.69	0.55	-0.83	0.73	-0.81	0.77	-0.15		-0.2	ASPS
SUNS	0.13	0.18	-0.19	0.5	-0.11	0.16	0.01	-0.12	-0.2		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

CHMI	+ 0.84	LODE
ASPS	+ 0.77	LPA
ASPS	+ 0.73	BEEP
CHMI	+ 0.71	RPT
RPT	+ 0.7	LODE
LPA	+ 0.67	BEEP

High negative correlations

ASPS	- 0.83	RPT
ASPS	- 0.81	CHMI
CHCI	- 0.79	LODE
CHMI	- 0.76	CHCI
BEEP	- 0.73	LODE
BEEP	- 0.7	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	5.12	0.37	0.07	0.28	6.46	(5.69)	11.73	(12.70)	42.08
LODE	3.81	0.33	0.09	0.28	4.20	(4.21)	8.36	(6.44)	18.69
CHCI	3.00	(0.44)	0.00	(0.12)	0.00	0.00	6.31	(5.82)	25.16
RPT	1.70	0.18	0.06	0.38	2.06	(1.99)	3.47	(2.76)	15.57
BEEP	2.95	(0.28)	0.00	(0.11)	0.00	0.00	7.12	(7.25)	18.98
CHMI	1.54	0.13	0.09	0.20	1.46	(1.95)	3.52	(2.26)	9.35
LPA	3.50	(0.41)	0.00	(0.13)	0.00	0.00	7.04	(8.39)	23.65
STHO	1.66	0.11	0.06	0.21	1.70	(1.90)	3.91	(2.56)	7.69
ASPS	3.06	(0.95)	0.00	2.29	0.00	0.00	4.77	(8.48)	19.17
SUNS	1.58	(0.07)	(0.03)	0.03	1.73	(1.78)	3.64	(2.47)	9.22

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