American Homes Correlations
| AMH-PH Preferred Stock | USD 23.69 0.05 0.21% |
The current 90-days correlation between American Homes 4 and American Homes 4 is 0.7 (i.e., Poor diversification). The correlation of American Homes 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 Homes Correlation With Market
Weak diversification
The correlation between American Homes 4 and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Homes 4 and DJI in the same portfolio, assuming nothing else is changed.
American |
The ability to find closely correlated positions to American Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Homes 4 to buy it.
Moving together with American Preferred Stock
Moving against American Preferred Stock
| 0.7 | AHT-PI | Ashford Hospitality Trust | PairCorr |
| 0.61 | AHT-PG | Ashford Hospitality Trust | PairCorr |
| 0.58 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.55 | AHT-PD | Ashford Hospitality Trust Downward Rally | PairCorr |
| 0.54 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.49 | O | Realty Income Earnings Call This Week | PairCorr |
| 0.38 | KW | Kennedy Wilson Holdings Earnings Call This Week | PairCorr |
| 0.33 | UE | Urban Edge Properties | PairCorr |
| 0.32 | OZ | Belpointe PREP LLC | PairCorr |
| 0.62 | DOUG | Douglas Elliman | PairCorr |
| 0.61 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.54 | BFS-PE | Saul Centers | PairCorr |
| 0.51 | WELL | Welltower | PairCorr |
| 0.51 | EXPI | eXp World Holdings | PairCorr |
| 0.47 | CDR-PC | Cedar Realty Trust | PairCorr |
| 0.45 | VICI | VICI Properties | PairCorr |
| 0.42 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.37 | ESBA | Empire State Realty | PairCorr |
| 0.35 | VNO-PL | Vornado Realty Trust Earnings Call Tomorrow | PairCorr |
| 0.35 | ESRT | Empire State Realty | 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
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Risk-Adjusted Indicators
There is a big difference between American Preferred Stock performing well and American Homes 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 Homes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMH-PG | 0.51 | (0.05) | 0.00 | (0.09) | 0.00 | 1.07 | 4.21 | |||
| MAA-PI | 0.90 | 0.02 | (0.05) | 0.66 | 1.23 | 2.42 | 6.90 | |||
| UMH-PD | 0.31 | (0.01) | (0.21) | 0.03 | 0.41 | 0.64 | 2.19 | |||
| CLPR | 2.27 | (0.14) | (0.03) | 0.01 | 2.84 | 5.68 | 18.38 | |||
| KIM-PM | 0.49 | 0.01 | (0.11) | 0.16 | 0.51 | 1.21 | 2.66 | |||
| KIM-PL | 0.48 | 0.03 | (0.06) | 0.23 | 0.57 | 1.09 | 2.91 | |||
| FRT-PC | 0.46 | (0.05) | 0.00 | (0.55) | 0.00 | 1.06 | 2.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in American Homes without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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American Homes Corporate Management
| Christopher Lau | Chief Officer | Profile | |
| David CPA | CEO Trustee | Profile | |
| Sara VogtLowell | Chief Sec | Profile | |
| Bryan Smith | Chief Officer | Profile | |
| Brian Reitz | Ex Officer | Profile | |
| Megan Grabos | VP Communications | Profile | |
| Joanne Halliday | Chief Officer | Profile |