American Express Correlations

AXP Stock

USD 293.34 2.19 0.74%

The current 90-days correlation between American Express and Lufax Holding is -0.03 (i.e., Good diversification). The correlation of American Express 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. If the correlation is 0, the equities are not correlated; they are entirely random.

American Express Correlation With Market

Very weak diversification

The correlation between American Express and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Express 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 Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in American Stock, please use our How to Invest in American Express guide.

Moving together with American Stock

0.77	COF	Capital One Financial	Pair Corr
0.82	DFS	Discover Financial	Pair Corr
0.69	SYF	Synchrony Financial	Pair Corr
0.67	ALLY	Ally Financial	Pair Corr
0.77	C	Citigroup	Pair Corr
0.62	AB	AllianceBernstein Normal Trading	Pair Corr
0.67	BK	Bank of New York	Pair Corr
0.61	BN	Brookfield Corp	Pair Corr
0.72	CG	Carlyle Group	Pair Corr
0.64	GL	Globe Life	Pair Corr
0.75	GS	Goldman Sachs Group	Pair Corr
0.83	MC	Moelis	Pair Corr
0.72	MS	Morgan Stanley Sell-off Trend	Pair Corr

Moving against American Stock

0.46	AMTD	AMTD IDEA Group	Pair Corr
0.44	DHIL	Diamond Hill Investment Earnings Call Today	Pair Corr
0.33	CB	Chubb	Pair Corr
0.57	TW	Tradeweb Markets Sell-off Trend	Pair Corr
0.44	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	LMFA	DXF	NISN	QD	FINV	AIHS	LX	QFIN	LU	YRD
LMFA		-0.49	0.06	-0.24	-0.74	-0.02	-0.81	-0.48	-0.26	-0.6	LMFA
DXF	-0.49		0.07	0.15	0.53	-0.07	0.55	0.52	-0.07	0.37	DXF
NISN	0.06	0.07		0.08	0.17	0.09	-0.08	0.55	0.18	0.52	NISN
QD	-0.24	0.15	0.08		0.59	-0.21	0.59	0.28	0.49	0.41	QD
FINV	-0.74	0.53	0.17	0.59		-0.21	0.94	0.71	0.61	0.85	FINV
AIHS	-0.02	-0.07	0.09	-0.21	-0.21		-0.16	-0.1	-0.29	-0.13	AIHS
LX	-0.81	0.55	-0.08	0.59	0.94	-0.16		0.57	0.5	0.72	LX
QFIN	-0.48	0.52	0.55	0.28	0.71	-0.1	0.57		0.38	0.81	QFIN
LU	-0.26	-0.07	0.18	0.49	0.61	-0.29	0.5	0.38		0.61	LU
YRD	-0.6	0.37	0.52	0.41	0.85	-0.13	0.72	0.81	0.61		YRD
	LMFA	DXF	NISN	QD	FINV	AIHS	LX	QFIN	LU	YRD

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

LX	+ 0.94	FINV
YRD	+ 0.85	FINV
YRD	+ 0.81	QFIN
YRD	+ 0.72	LX
QFIN	+ 0.71	FINV
LU	+ 0.61	FINV

High negative correlations

LX	- 0.81	LMFA
FINV	- 0.74	LMFA
YRD	- 0.6	LMFA
DXF	- 0.49	LMFA
QFIN	- 0.48	LMFA
LU	- 0.29	AIHS

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Express 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 Express' 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
LMFA	3.62	(0.63)	0.00	(4.39)	0.00	0.00	5.46	(6.22)	23.60
DXF	24.09	2.92	0.11	(1.81)	23.29	(35.46)	45.01	(28.04)	196.29
NISN	4.73	(0.09)	0.00	(0.07)	0.00	0.00	12.61	(7.66)	27.81
QD	3.14	0.32	0.10	0.45	2.79	(4.66)	7.61	(5.05)	39.75
FINV	1.61	0.48	0.23	2.15	1.61	(1.90)	3.88	(2.80)	10.35
AIHS	2.96	0.18	0.04	(0.73)	3.54	(3.81)	8.70	(6.54)	23.64
LX	3.62	1.54	0.39	4.72	3.27	(4.66)	7.10	(4.98)	41.08
QFIN	2.11	0.13	0.04	13.94	2.85	(2.08)	5.11	(5.35)	11.29
LU	3.03	0.50	0.12	(44.00)	3.53	(3.53)	6.07	(4.41)	27.90
YRD	3.26	0.34	0.07	0.54	4.48	(3.61)	7.02	(5.21)	25.86

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