American Eagle Correlations

AEO Stock

USD 19.24 0.66 3.55%

The current 90-days correlation between American Eagle Outfitters and Capri Holdings is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Eagle Outfitters moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

American Eagle Correlation With Market

Weak diversification

The correlation between American Eagle Outfitters and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Eagle Outfitters and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with American Stock

0.67	ASO	Academy Sports Outdoors	Pair Corr
0.69	BBY	Best Buy	Pair Corr
0.69	HVT	Haverty Furniture	Pair Corr
0.67	KIRK	Kirklands	Pair Corr
0.68	BOOT	Boot Barn Holdings	Pair Corr
0.64	WING	Wingstop	Pair Corr

Moving against American Stock

0.64	VSCO	Victorias Secret	Pair Corr
0.63	WRBY	Warby Parker	Pair Corr
0.49	WEYS	Weyco Group	Pair Corr
0.71	GM	General Motors	Pair Corr
0.43	TH	Target Hospitality Corp	Pair Corr
0.38	F	Ford Motor Aggressive Push	Pair Corr
0.37	ORLY	OReilly Automotive	Pair Corr
0.37	DOGZ	Dogness International	Pair Corr
0.59	FLXS	Flexsteel Industries	Pair Corr
0.59	FWRG	First Watch Restaurant	Pair Corr

Related Correlations Analysis

	CPRI	MOV	TPR	BRLT	SIG	LANV	MYTE	FOSL
CPRI		-0.05	-0.73	0.55	-0.13	0.33	-0.33	-0.46	CPRI
MOV	-0.05		-0.08	0.12	-0.2	0.04	-0.25	0.05	MOV
TPR	-0.73	-0.08		-0.4	0.59	-0.52	0.51	0.71	TPR
BRLT	0.55	0.12	-0.4		0.01	0.12	-0.63	-0.36	BRLT
SIG	-0.13	-0.2	0.59	0.01		-0.51	0.51	0.52	SIG
LANV	0.33	0.04	-0.52	0.12	-0.51		-0.38	-0.46	LANV
MYTE	-0.33	-0.25	0.51	-0.63	0.51	-0.38		0.5	MYTE
FOSL	-0.46	0.05	0.71	-0.36	0.52	-0.46	0.5		FOSL
	CPRI	MOV	TPR	BRLT	SIG	LANV	MYTE	FOSL

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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

FOSL	+ 0.71	TPR
SIG	+ 0.59	TPR
BRLT	+ 0.55	CPRI
FOSL	+ 0.52	SIG
MYTE	+ 0.51	TPR
MYTE	+ 0.51	SIG

High negative correlations

TPR	- 0.73	CPRI
MYTE	- 0.63	BRLT
LANV	- 0.52	TPR
LANV	- 0.51	SIG
FOSL	- 0.46	LANV
FOSL	- 0.46	CPRI

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Eagle 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 American Eagle'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
CPRI	2.65	(0.59)	0.00	(0.18)	0.00	0.00	6.04	(4.25)	56.42
MOV	1.80	(0.36)	0.00	(0.16)	0.00	0.00	4.03	(3.21)	15.00
TPR	1.78	0.65	0.47	2.60	0.68	(2.47)	3.64	(1.76)	16.39
BRLT	3.13	(0.16)	(0.03)	0.01	3.47	(3.71)	7.69	(5.85)	17.39
SIG	1.79	0.10	0.09	0.19	2.05	(2.05)	4.34	(3.42)	19.25
LANV	3.97	0.01	0.00	0.12	0.00	0.00	11.18	(10.83)	26.86
MYTE	4.12	1.38	0.37	(1.09)	2.50	(6.07)	11.11	(4.39)	67.36
FOSL	3.52	0.56	0.09	(1.29)	3.67	(4.27)	8.91	(6.31)	19.38

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