American Express Correlations

AXP Stock

USD 270.51 0.32 0.12%

The current 90-days correlation between American Express and Lufax Holding is 0.09 (i.e., Significant 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

Poor diversification

The correlation between American Express and DJI is 0.7 (i.e., Poor 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

0.97	MC	Moelis	Pair Corr
0.91	MS	Morgan Stanley	Pair Corr
0.71	CIM	Chimera Investment	Pair Corr
0.82	COF	Capital One Financial	Pair Corr
0.7	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.82	ALLY	Ally Financial Normal Trading	Pair Corr
0.88	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.63	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.73	C	Citigroup Aggressive Push	Pair Corr
0.7	AX	Axos Financial	Pair Corr
0.93	BN	Brookfield Corp	Pair Corr
0.85	BX	Blackstone Group Normal Trading	Pair Corr
0.73	BY	Byline Bancorp	Pair Corr
0.96	CG	Carlyle Group Normal Trading	Pair Corr
0.81	CM	Canadian Imperial Bank	Pair Corr
0.64	FG	FG Annuities Life	Pair Corr
0.81	GS	Goldman Sachs Group	Pair Corr
0.79	KB	KB Financial Group	Pair Corr
0.64	LC	LendingClub Corp Sell-off Trend	Pair Corr

Moving against American Stock

0.76	CB	Chubb	Pair Corr
0.51	FORLU	Four Leaf Acquisition	Pair Corr
0.45	BBUC	Brookfield Business Corp	Pair Corr
0.41	TWO	Two Harbors Investments	Pair Corr
0.72	TW	Tradeweb Markets Normal Trading	Pair Corr
0.64	LU	Lufax Holding	Pair Corr
0.61	DB	Deutsche Bank AG	Pair Corr
0.61	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.54	WU	Western Union	Pair Corr
0.47	LX	Lexinfintech Holdings	Pair Corr
0.39	XP	Xp Inc	Pair Corr

Related Correlations Analysis

	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX
QFIN		0.57	0.51	0.69	0.62	0.07	0.23	0.17	0.84	0.85	QFIN
LU	0.57		0.11	0.86	0.67	-0.15	0.24	-0.39	0.82	0.78	LU
QD	0.51	0.11		0.05	0.19	0.04	0.24	0.56	0.32	0.23	QD
XYF	0.69	0.86	0.05		0.64	0.01	0.13	-0.48	0.87	0.86	XYF
ATLCP	0.62	0.67	0.19	0.64		-0.05	0.42	0.06	0.77	0.79	ATLCP
IX	0.07	-0.15	0.04	0.01	-0.05		0.19	-0.02	-0.19	-0.09	IX
AGM	0.23	0.24	0.24	0.13	0.42	0.19		0.21	0.2	0.14	AGM
ENVA	0.17	-0.39	0.56	-0.48	0.06	-0.02	0.21		-0.08	-0.06	ENVA
YRD	0.84	0.82	0.32	0.87	0.77	-0.19	0.2	-0.08		0.95	YRD
LX	0.85	0.78	0.23	0.86	0.79	-0.09	0.14	-0.06	0.95		LX
	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX

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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

LX	+ 0.95	YRD
YRD	+ 0.87	XYF
XYF	+ 0.86	LU
LX	+ 0.86	XYF
LX	+ 0.85	QFIN
YRD	+ 0.84	QFIN

High negative correlations

ENVA	- 0.48	XYF
ENVA	- 0.39	LU
YRD	- 0.19	IX
IX	- 0.15	LU
LX	- 0.09	IX
YRD	- 0.08	ENVA

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
QFIN	2.58	0.42	0.14	0.39	2.86	(2.86)	6.06	(5.18)	14.61
LU	2.97	0.26	0.08	(4.23)	3.85	(3.34)	5.44	(5.70)	21.78
QD	2.64	0.11	0.03	0.02	2.89	(3.38)	5.54	(5.05)	20.79
XYF	3.08	0.85	0.20	0.42	3.54	(3.24)	8.61	(6.18)	21.85
ATLCP	0.55	0.00	0.00	(0.10)	0.00	0.00	1.33	(1.27)	3.04
IX	0.98	0.01	0.00	(0.06)	0.00	0.00	1.82	(2.17)	7.70
AGM	1.07	(0.07)	0.00	(0.17)	0.00	0.00	2.62	(2.65)	10.51
ENVA	1.70	0.05	0.00	(0.04)	0.00	0.00	3.54	(3.25)	8.86
YRD	3.32	0.74	0.13	0.37	4.62	(3.83)	7.63	(5.92)	20.84
LX	3.87	1.08	0.26	0.85	3.60	(4.94)	13.01	(5.61)	31.45

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