American Security Correlations
| ARSC Stock | USD 0.0002 0.0001 100.00% |
The current 90-days correlation between American Security and Mass Megawat Wind is 0.05 (i.e., Significant diversification). The correlation of American Security 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 Security Correlation With Market
Modest diversification
The correlation between American Security Resources and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Security Resources and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving against American Stock
| 0.35 | CEG | Constellation Energy Corp | PairCorr |
| 0.33 | STEM | Stem Inc | PairCorr |
| 0.32 | BNRG | Brenmiller Energy | PairCorr |
| 0.31 | KD | Kyndryl Holdings | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between American Stock performing well and American Security 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 Security'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AZLOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASRE | 5.18 | 0.14 | 0.02 | 0.25 | 6.06 | 15.56 | 44.74 | |||
| ALTNF | 3.09 | (1.60) | 0.00 | 2.91 | 0.00 | 0.00 | 88.46 | |||
| CWGYF | 13.79 | 1.89 | 0.10 | 0.82 | 13.44 | 34.33 | 127.71 | |||
| ATRWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TPII | 3.01 | 0.75 | 0.00 | (0.43) | 0.00 | 0.00 | 150.00 | |||
| WWPW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MMMW | 7.89 | 0.70 | 0.03 | (0.72) | 11.70 | 27.78 | 119.31 | |||
| KAEPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KAEPY | 3.65 | 0.39 | 0.10 | (0.55) | 3.64 | 8.07 | 21.50 |
American Security Corporate Management
| Michel Beaulieu | Chief Officer | Profile | |
| Jay Jordon | Chief Officer | Profile | |
| Duncan Brown | Chief Officer | Profile | |
| Nancy Finney | Controller | Profile |