AMREP Correlations

Stocks . USA . 
Stock . AMREP
AXR Stock  USD 35.40  0.49  1.40%   
The current 90-days correlation between AMREP and Landsea Homes Corp is -0.02 (i.e., Good diversification). The correlation of AMREP 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.

AMREP Correlation With Market

Average diversification

The correlation between AMREP and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMREP 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 AMREP. 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 AMREP Stock, please use our How to Invest in AMREP guide.

Moving together with AMREP Stock

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  0.73B Barnes GroupPairCorr
  0.69J Jacobs SolutionsPairCorr
  0.85R Ryder SystemPairCorr
  0.83DIST Distoken AcquisitionPairCorr
  0.71AL Air LeasePairCorr
  0.79AZ A2Z Smart TechnologiesPairCorr
  0.81CR Crane CompanyPairCorr
  0.85CW Curtiss WrightPairCorr
  0.67DE Deere CompanyPairCorr
  0.89IR Ingersoll RandPairCorr
  0.66LZ LegalZoomPairCorr

Moving against AMREP Stock

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  0.54BCO Brinks CompanyPairCorr
  0.31AP Ampco PittsburghPairCorr
  0.83CODI-PA Compass DiversifiedPairCorr
  0.81RR Richtech Robotics ClassPairCorr
  0.77DLHC DLH Holdings Corp Earnings Call This WeekPairCorr
  0.7CODI-PB Compass DiversifiedPairCorr
  0.49SB Safe BulkersPairCorr
  0.42TH Target Hospitality CorpPairCorr
  0.38CODI-PC Compass DiversifiedPairCorr
  0.35FC Franklin CoveyPairCorr
  0.32YHNAU YHN Acquisition IPairCorr

Related Correlations Analysis

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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   
ARL
+ 0.7
LSEA
FOR
+ 0.66
LSEA
ARL
+ 0.21
FOR
FPH
+ 0.17
FOR
  
High negative correlations   
ARL
- 0.63
FPH
FPH
- 0.39
LSEA

Risk-Adjusted Indicators

There is a big difference between AMREP Stock performing well and AMREP 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 AMREP'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.

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