American Eagle Correlations

AFG Stock

EUR 10.10 0.40 4.12%

The current 90-days correlation between American Eagle Outfitters and Lululemon Athletica is 0.25 (i.e., Modest diversification). The correlation of American Eagle 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.

American Eagle Correlation With Market

Modest diversification

The correlation between American Eagle Outfitters and DJI is 0.23 (i.e., Modest 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.

The ability to find closely correlated positions to American Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Eagle Outfitters to buy it.

Moving together with American Stock

0.67	TJX	TJX Companies	Pair Corr
0.74	FR7	Fast Retailing	Pair Corr
0.83	33L	Lululemon Athletica Earnings Call Tomorrow	Pair Corr
0.91	GAP	Gap	Pair Corr
0.69	4QI	Xtep International	Pair Corr
0.68	ASJA	ASTRA INTERNATIONAL	Pair Corr
0.67	ASJA	PT Astra International	Pair Corr
0.77	ASJA	ASTRA INTERNATIONAL	Pair Corr
0.79	ASJA	ASTRA INTERNATIONAL	Pair Corr
0.67	BYRA	PT Bank Rakyat	Pair Corr

Moving against American Stock

0.35	NXG	NEXT plc	Pair Corr
0.93	A5G	AIB Group plc	Pair Corr
0.91	DEZ	Deutz AG Earnings Call This Week	Pair Corr
0.86	D7A	Aptiv PLC	Pair Corr
0.83	EVD	CTS EVENTIM	Pair Corr
0.78	AY5	AUST AGRICULTURAL	Pair Corr
0.73	C6TB	CHINA BANK ADR20	Pair Corr
0.71	RPU	Republic Services	Pair Corr
0.64	IZZ	TAL Education Group	Pair Corr
0.64	KN7	Eskay Mining Corp	Pair Corr
0.63	AF4	Hanover Insurance	Pair Corr
0.58	IDI	InterDigital	Pair Corr
0.53	LBL	KAROON GAS AUST	Pair Corr
0.37	T04	TITOMIC LTD	Pair Corr
0.93	PSAN	PSI Software AG	Pair Corr
0.89	DHL	Deutsche Post AG	Pair Corr

Related Correlations Analysis

	IXD1	TJX	FR7	33L	NXG	GAP	280	4QI	UOF
IXD1		0.65	0.27	0.42	0.56	0.19	0.33	-0.05	0.07	IXD1
TJX	0.65		0.56	0.83	0.11	0.6	0.4	0.49	0.36	TJX
FR7	0.27	0.56		0.55	0.12	0.71	-0.42	0.36	-0.09	FR7
33L	0.42	0.83	0.55		-0.21	0.73	0.34	0.71	0.38	33L
NXG	0.56	0.11	0.12	-0.21		-0.24	-0.21	-0.51	-0.24	NXG
GAP	0.19	0.6	0.71	0.73	-0.24		-0.08	0.55	0.16	GAP
280	0.33	0.4	-0.42	0.34	-0.21	-0.08		0.23	0.57	280
4QI	-0.05	0.49	0.36	0.71	-0.51	0.55	0.23		0.33	4QI
UOF	0.07	0.36	-0.09	0.38	-0.24	0.16	0.57	0.33		UOF
	IXD1	TJX	FR7	33L	NXG	GAP	280	4QI	UOF

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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

33L	+ 0.83	TJX
GAP	+ 0.73	33L
GAP	+ 0.71	FR7
4QI	+ 0.71	33L
TJX	+ 0.65	IXD1
GAP	+ 0.6	TJX

High negative correlations

4QI	- 0.51	NXG
280	- 0.42	FR7
UOF	- 0.24	NXG
GAP	- 0.24	NXG
280	- 0.21	NXG
NXG	- 0.21	33L

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
IXD1	1.45	(0.29)	0.00	(1.79)	0.00	0.00	2.23	(3.61)	13.72
TJX	0.87	(0.19)	0.00	(0.85)	0.00	0.00	1.81	(2.09)	5.82
FR7	1.34	(0.25)	0.00	(10.43)	0.00	0.00	2.94	(3.11)	9.24
33L	1.80	(0.34)	0.00	(1.20)	0.00	0.00	3.70	(5.82)	13.27
NXG	1.17	(0.10)	0.00	(2.29)	0.00	0.00	2.24	(3.34)	8.17
GAP	2.24	(0.23)	0.00	(0.52)	0.00	0.00	3.76	(5.05)	20.13
280	2.40	0.13	0.06	0.19	2.80	(2.83)	5.85	(4.20)	27.80
4QI	1.68	0.02	0.03	(0.01)	2.51	(2.13)	2.94	(4.55)	12.53
UOF	2.27	(0.06)	0.00	0.03	0.00	0.00	4.27	(4.17)	23.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Eagle without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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American Eagle Corporate Management

Elected by the shareholders, the American Eagle's board of directors comprises two types of representatives: American Eagle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Eagle's management team and ensure that shareholders' interests are well served. American Eagle's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, American Eagle's outside directors are responsible for providing unbiased perspectives on the board's policies.

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Michael Rempell	Ex COO	Profile
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