Altisource Asset Correlations

Summary

AAMCDelisted Stock

USD 1.16 0.13 12.62%

The current 90-days correlation between Altisource Asset Man and Abrdn Emerging Markets is -0.02 (i.e., Good diversification). The correlation of Altisource Asset 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.

Altisource Asset Correlation With Market

Good diversification

The correlation between Altisource Asset Management and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altisource Asset Management and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Altisource Stock

0.64

TUXS

Tuxis

Pair Corr

Moving against Altisource Stock

0.66	LION	Lionsgate Studios Corp	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.62	WMT	Walmart	Pair Corr
0.53	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.52	T	ATT Inc Sell-off Trend	Pair Corr
0.44	MSFT	Microsoft Aggressive Push	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.4	ARTE	Artemis Strategic	Pair Corr
0.4	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.37	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.36	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	AEF	KTF	AMK	MUI	MYD	BBUC	BSIG	FOCS	AVTA	LRFC
AEF		-0.06	-0.02	0.11	0.14	0.02	-0.51	-0.51	-0.59	-0.17	AEF
KTF	-0.06		-0.13	0.62	0.5	0.61	0.46	0.14	0.04	0.29	KTF
AMK	-0.02	-0.13		-0.34	0.0	-0.15	-0.17	0.05	-0.26	-0.06	AMK
MUI	0.11	0.62	-0.34		0.19	0.55	0.42	0.16	0.15	0.33	MUI
MYD	0.14	0.5	0.0	0.19		0.01	-0.27	-0.56	0.2	-0.34	MYD
BBUC	0.02	0.61	-0.15	0.55	0.01		0.78	0.53	-0.11	0.74	BBUC
BSIG	-0.51	0.46	-0.17	0.42	-0.27	0.78		0.82	0.23	0.78	BSIG
FOCS	-0.51	0.14	0.05	0.16	-0.56	0.53	0.82		-0.01	0.72	FOCS
AVTA	-0.59	0.04	-0.26	0.15	0.2	-0.11	0.23	-0.01		-0.1	AVTA
LRFC	-0.17	0.29	-0.06	0.33	-0.34	0.74	0.78	0.72	-0.1		LRFC
	AEF	KTF	AMK	MUI	MYD	BBUC	BSIG	FOCS	AVTA	LRFC

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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

FOCS	+ 0.82	BSIG
BSIG	+ 0.78	BBUC
LRFC	+ 0.78	BSIG
LRFC	+ 0.74	BBUC
LRFC	+ 0.72	FOCS
MUI	+ 0.62	KTF

High negative correlations

AVTA	- 0.59	AEF
FOCS	- 0.56	MYD
FOCS	- 0.51	AEF
BSIG	- 0.51	AEF
LRFC	- 0.34	MYD
MUI	- 0.34	AMK

Risk-Adjusted Indicators

There is a big difference between Altisource Stock performing well and Altisource Asset 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 Altisource Asset'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
AEF	0.99	0.11	0.01	0.91	1.11	(1.16)	2.59	(2.08)	6.33
KTF	0.44	0.03	(0.13)	1.07	0.50	(0.52)	1.12	(0.61)	3.40
AMK	0.20	0.04	(0.26)	7.92	0.00	(0.24)	0.52	(0.41)	1.49
MUI	0.30	0.04	(0.11)	(12.72)	0.48	(0.32)	0.73	(0.64)	3.31
MYD	0.54	(0.01)	(0.19)	(0.03)	0.60	(0.62)	1.15	(1.06)	2.67
BBUC	1.51	0.21	0.14	0.28	1.35	(1.67)	3.15	(2.53)	9.74
BSIG	1.36	0.21	0.20	0.23	1.07	(1.51)	3.12	(2.14)	9.55
FOCS	0.09	0.00	(1.09)	0.26	0.07	(0.10)	0.21	(0.17)	0.56
AVTA	1.34	(0.05)	0.00	(0.08)	0.00	0.00	3.02	(2.74)	10.29
LRFC	1.06	0.25	0.10	(29.29)	0.88	(1.32)	2.65	(1.81)	14.42

View Altisource Asset Related Equities

Abrdn Emerging Markets DWS Municipal Income AssetMark Financial Holdings Blackrock Muni Intermediate Blackrock Muniyield Brookfield Business Corp Brightsphere Investment Group Focus Financial Partners Avantax Logan Ridge Finance BlackRock Limited Duration Elysee Development Corp Blackrock Munivest MFS Special Value BlackRock Capital Allocation

Risk & Return

Correlation

Altisource Asset Corporate Management

Thresa Daftan	Senior Underwriting	Profile
Jason Kopcak	CEO Pres	Profile
Brendan Teeley	Head Sales	Profile
Kevin Sullivan	Gen Sec	Profile
Stephen Krallman	Chief Officer	Profile
Varun Singhal	Ex Markets	Profile

Still Interested in Altisource Asset Management?

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