American Rebel Correlations

AREB Stock

USD 0.64 0.03 4.92%

The current 90-days correlation between American Rebel Holdings and American Rebel Holdings is -0.13 (i.e., Good 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

Average diversification

The correlation between American Rebel Holdings and DJI is 0.16 (i.e., Average 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

0.75	DOOO	BRP Inc	Pair Corr
0.68	DHI	DR Horton	Pair Corr
0.62	MHO	MI Homes	Pair Corr
0.74	PVH	PVH Corp	Pair Corr
0.61	WTO	UTime Limited	Pair Corr
0.72	WWW	Wolverine World Wide	Pair Corr
0.71	GOLF	Acushnet Holdings Corp	Pair Corr
0.65	JOUT	Johnson Outdoors	Pair Corr

Moving against American Stock

0.81	TPR	Tapestry	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.72	MAT	Mattel Inc	Pair Corr
0.7	VFC	VF Corporation	Pair Corr
0.67	GIL	Gildan Activewear	Pair Corr
0.34	ESCA	Escalade Incorporated	Pair Corr
0.89	SONY	Sony Group Corp	Pair Corr
0.77	JRSH	Jerash Holdings	Pair Corr
0.77	MYTE	MYT Netherlands Parent	Pair Corr
0.75	PLBY	Plby Group	Pair Corr
0.64	LEVI	Levi Strauss	Pair Corr
0.58	JAKK	JAKKS Pacific	Pair Corr
0.53	CLAR	Clarus Corp Earnings Call This Week	Pair Corr
0.48	GOOS	Canada Goose Holdings	Pair Corr
0.4	RCKY	Rocky Brands	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		0.43	0.45	0.27	0.4	-0.25	-0.41	-0.26	-0.26	CROX
DECK	0.0	0.43		-0.09	0.22	0.7	-0.38	-0.18	-0.27	-0.22	DECK
NKE	0.0	0.45	-0.09		0.04	-0.14	0.05	-0.35	-0.12	-0.13	NKE
DOCMF	0.0	0.27	0.22	0.04		0.43	0.17	-0.1	0.53	0.53	DOCMF
DBI	0.0	0.4	0.7	-0.14	0.43		-0.21	-0.19	-0.02	0.04	DBI
ASCCY	0.0	-0.25	-0.38	0.05	0.17	-0.21		0.58	0.79	0.81	ASCCY
AREBW	0.0	-0.41	-0.18	-0.35	-0.1	-0.19	0.58		0.42	0.47	AREBW
ADDDF	0.0	-0.26	-0.27	-0.12	0.53	-0.02	0.79	0.42		0.93	ADDDF
ADDYY	0.0	-0.26	-0.22	-0.13	0.53	0.04	0.81	0.47	0.93		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

ADDYY	+ 0.93	ADDDF
ADDYY	+ 0.81	ASCCY
ADDDF	+ 0.79	ASCCY
DBI	+ 0.7	DECK
AREBW	+ 0.58	ASCCY
ADDDF	+ 0.53	DOCMF

High negative correlations

AREBW	- 0.41	CROX
ASCCY	- 0.38	DECK
AREBW	- 0.35	NKE
ADDDF	- 0.27	DECK
ADDYY	- 0.26	CROX
ADDDF	- 0.26	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	2.14	0.16	0.07	0.15	2.18	(2.60)	3.86	(4.12)	26.67
DECK	1.92	(0.24)	0.00	(0.22)	0.00	0.00	2.77	(3.92)	26.13
NKE	1.39	0.16	0.10	0.26	1.46	(1.59)	3.29	(2.64)	7.55
DOCMF	2.12	0.30	0.10	(1.60)	1.84	(5.31)	6.17	(4.40)	19.91
DBI	3.61	(0.14)	0.00	(0.16)	0.00	0.00	9.40	(6.16)	22.01
ASCCY	1.59	0.37	0.22	0.66	1.47	(1.85)	3.83	(2.72)	11.20
AREBW	20.13	4.92	0.21	1.68	17.66	(30.26)	60.22	(34.33)	250.27
ADDDF	1.48	0.18	0.10	(1.43)	1.75	(1.54)	3.27	(2.61)	10.63
ADDYY	1.34	0.21	0.13	0.38	1.42	(1.47)	3.26	(2.54)	9.96

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