American Rebel Correlations

AREB Stock

USD 0.12 0 4.08%

The current 90-days correlation between American Rebel Holdings and American Rebel Holdings is 0.08 (i.e., Significant diversification). The correlation of American Rebel 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 Rebel Correlation With Market

Significant diversification

The correlation between American Rebel Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Rebel Holdings 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 Rebel Holdings. 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

0.87	UA	Under Armour C	Pair Corr
0.75	VNCE	Vince Holding Corp	Pair Corr
0.81	BZH	Beazer Homes USA	Pair Corr
0.76	HOV	Hovnanian Enterprises	Pair Corr
0.72	KBH	KB Home	Pair Corr
0.8	KTB	Kontoor Brands	Pair Corr
0.73	MHO	MI Homes	Pair Corr
0.65	MTH	Meritage	Pair Corr
0.91	OXM	Oxford Industries Earnings Call Tomorrow	Pair Corr
0.78	TPH	TRI Pointe Homes	Pair Corr
0.86	GIII	G III Apparel	Pair Corr
0.84	LGIH	LGI Homes	Pair Corr
0.86	LIVE	Live Ventures	Pair Corr
0.87	RH	RH Earnings Call Tomorrow	Pair Corr
0.71	ETSY	Etsy Inc	Pair Corr
0.61	DKS	Dicks Sporting Goods	Pair Corr
0.85	XELB	Xcel Brands Trending	Pair Corr
0.68	FND	Floor Decor Holdings	Pair Corr
0.64	LOW	Lowes Companies	Pair Corr
0.73	GLBE	Global E Online	Pair Corr
0.83	KIRK	Kirklands	Pair Corr
0.91	RENT	Rent the Runway	Pair Corr

Moving against American Stock

0.85	JD	JD Inc Adr	Pair Corr
0.92	YUM	Yum Brands	Pair Corr
0.85	PDD	PDD Holdings	Pair Corr
0.83	NATH	Nathans Famous	Pair Corr
0.81	MCD	McDonalds	Pair Corr
0.81	MELI	MercadoLibre	Pair Corr
0.72	PZZA	Papa Johns International	Pair Corr
0.55	XOSWW	Xos Equity Warrants	Pair Corr

Related Correlations Analysis

	RBNW	CROX	DECK	NKE	DOCMF	DBI	ASCCY	AREBW	ADDDF	ADDYY
RBNW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RBNW
CROX	0.0		0.37	0.14	0.19	0.31	-0.37	-0.52	-0.33	-0.36	CROX
DECK	0.0	0.37		-0.08	0.73	0.9	-0.4	-0.42	0.07	0.15	DECK
NKE	0.0	0.14	-0.08		0.22	-0.17	0.33	0.07	0.25	0.18	NKE
DOCMF	0.0	0.19	0.73	0.22		0.78	-0.2	-0.28	0.4	0.4	DOCMF
DBI	0.0	0.31	0.9	-0.17	0.78		-0.34	-0.46	0.19	0.26	DBI
ASCCY	0.0	-0.37	-0.4	0.33	-0.2	-0.34		0.54	0.65	0.6	ASCCY
AREBW	0.0	-0.52	-0.42	0.07	-0.28	-0.46	0.54		0.38	0.35	AREBW
ADDDF	0.0	-0.33	0.07	0.25	0.4	0.19	0.65	0.38		0.88	ADDDF
ADDYY	0.0	-0.36	0.15	0.18	0.4	0.26	0.6	0.35	0.88		ADDYY
	RBNW	CROX	DECK	NKE	DOCMF	DBI	ASCCY	AREBW	ADDDF	ADDYY

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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

DBI	+ 0.9	DECK
ADDYY	+ 0.88	ADDDF
DBI	+ 0.78	DOCMF
DOCMF	+ 0.73	DECK
ADDDF	+ 0.65	ASCCY
ADDYY	+ 0.6	ASCCY

High negative correlations

AREBW	- 0.52	CROX
AREBW	- 0.46	DBI
AREBW	- 0.42	DECK
ASCCY	- 0.4	DECK
ASCCY	- 0.37	CROX
ADDYY	- 0.36	CROX

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Rebel 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 Rebel'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
RBNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CROX	2.26	0.11	0.05	0.10	2.16	(2.96)	5.34	(3.88)	27.77
DECK	2.14	(0.70)	0.00	(0.55)	0.00	0.00	2.65	(4.41)	23.28
NKE	1.42	(0.17)	0.00	(0.34)	0.00	0.00	3.29	(2.92)	11.69
DOCMF	1.99	(0.42)	0.00	1.28	0.00	0.00	4.49	(5.56)	16.80
DBI	3.15	(0.37)	0.00	(0.39)	0.00	0.00	6.22	(6.58)	24.52
ASCCY	1.77	0.12	0.07	49.98	2.34	(1.84)	3.83	(3.14)	15.20
AREBW	20.63	5.24	0.21	1.72	18.09	(30.03)	60.22	(34.33)	250.27
ADDDF	1.52	(0.06)	0.00	0.42	0.00	0.00	2.96	(3.92)	11.27
ADDYY	1.24	(0.06)	0.00	(0.11)	0.00	0.00	2.35	(2.54)	12.41

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