American Homes Correlations

AMH Stock

USD 36.38 0.09 0.25%

The current 90-days correlation between American Homes 4 and Sun Communities is 0.5 (i.e., Very weak diversification). The correlation of American Homes 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 Homes Correlation With Market

Good diversification

The correlation between American Homes 4 and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Homes 4 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 Homes 4. 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 American Stock

0.8

BHR

Braemar Hotel Resorts

Pair Corr

Moving against American Stock

0.38	WY	Weyerhaeuser	Pair Corr
0.32	Z	Zillow Group Class	Pair Corr
0.64	AIV	Apartment Investment and	Pair Corr

Related Correlations Analysis

	SUI	CLPR	UDR	UMH	AIV	IRT	BRT	EQR	MAA	ESS
SUI		-0.27	0.52	0.01	0.54	0.51	0.11	0.38	0.78	0.69	SUI
CLPR	-0.27		0.34	0.55	-0.66	0.35	0.43	0.27	0.01	0.01	CLPR
UDR	0.52	0.34		0.62	-0.02	0.96	0.68	0.82	0.87	0.88	UDR
UMH	0.01	0.55	0.62		-0.52	0.54	0.6	0.53	0.25	0.34	UMH
AIV	0.54	-0.66	-0.02	-0.52		0.02	-0.18	0.13	0.37	0.38	AIV
IRT	0.51	0.35	0.96	0.54	0.02		0.73	0.74	0.87	0.87	IRT
BRT	0.11	0.43	0.68	0.6	-0.18	0.73		0.48	0.47	0.54	BRT
EQR	0.38	0.27	0.82	0.53	0.13	0.74	0.48		0.67	0.79	EQR
MAA	0.78	0.01	0.87	0.25	0.37	0.87	0.47	0.67		0.94	MAA
ESS	0.69	0.01	0.88	0.34	0.38	0.87	0.54	0.79	0.94		ESS
	SUI	CLPR	UDR	UMH	AIV	IRT	BRT	EQR	MAA	ESS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

IRT	+ 0.96	UDR
ESS	+ 0.94	MAA
ESS	+ 0.88	UDR
MAA	+ 0.87	UDR
MAA	+ 0.87	IRT
ESS	+ 0.87	IRT

High negative correlations

AIV	- 0.66	CLPR
AIV	- 0.52	UMH
CLPR	- 0.27	SUI
BRT	- 0.18	AIV
AIV	- 0.02	UDR

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Homes 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 Homes' 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
SUI	1.25	0.12	0.15	(0.68)	1.27	(1.40)	2.98	(2.28)	9.24
CLPR	3.69	(0.03)	0.00	(0.14)	0.00	0.00	6.49	(9.00)	53.13
UDR	1.02	0.01	0.00	(0.06)	0.00	0.00	1.90	(2.03)	6.14
UMH	1.01	(0.03)	0.00	(0.15)	0.00	0.00	2.03	(2.25)	6.56
AIV	1.15	0.11	0.12	0.35	1.28	(1.41)	3.07	(2.07)	11.40
IRT	1.09	0.02	0.00	(0.04)	0.00	0.00	2.24	(2.56)	5.14
BRT	1.23	0.01	0.00	(0.05)	0.00	0.00	2.48	(2.35)	9.39
EQR	1.03	(0.02)	0.00	(0.12)	0.00	0.00	1.85	(2.39)	6.21
MAA	1.03	0.08	0.09	0.15	1.27	(1.12)	1.70	(1.96)	6.07
ESS	1.07	0.06	0.05	0.02	1.50	(1.01)	2.21	(1.99)	6.26

American Homes Corporate Management

John Corrigan	Chief Investment Officer, Trustee	Profile
Brent Landry	Executive Development	Profile
Lincoln Palmer	Executive Operations	Profile
Scott Nelles	Executive Operations	Profile
James Kropp	Independent Trustee	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC