American Homes Correlations

AMH Stock

USD 37.33 0.51 1.35%

The current 90-days correlation between American Homes 4 and Equity Lifestyle Properties is 0.46 (i.e., Very weak 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

Modest diversification

The correlation between American Homes 4 and DJI is 0.21 (i.e., Modest 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Homes 4. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with American Stock

0.78	O	Realty Income Sell-off Trend	Pair Corr
0.65	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.73	HR	Healthcare Realty Trust	Pair Corr
0.68	UE	Urban Edge Properties	Pair Corr
0.78	VICI	VICI Properties Sell-off Trend	Pair Corr
0.83	ELME	Elme Communities	Pair Corr
0.61	EPRT	Essential Properties	Pair Corr
0.72	EQIX	Equinix	Pair Corr
0.85	WELL	Welltower	Pair Corr
0.72	FCPT	Four Corners Property	Pair Corr
0.69	AAT	American Assets Trust	Pair Corr
0.8	ADC	Agree Realty	Pair Corr
0.73	AHR	American Healthcare REIT,	Pair Corr
0.75	AKR	Acadia Realty Trust	Pair Corr
0.78	AMT	American Tower Corp	Pair Corr
0.9	AVB	AvalonBay Communities	Pair Corr
0.79	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.64	BXP	Boston Properties	Pair Corr
0.77	CCI	Crown Castle Earnings Call This Week	Pair Corr
0.63	CDP	COPT Defense Properties	Pair Corr

Moving against American Stock

0.44	WHLR	Wheeler Real Estate Trending	Pair Corr
0.61	BHR	Braemar Hotel Resorts	Pair Corr
0.57	AHT	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	NXRT	CSR	ELS	IRT	BRT
NXRT		0.83	0.82	0.82	0.53	NXRT
CSR	0.83		0.74	0.76	0.29	CSR
ELS	0.82	0.74		0.83	0.27	ELS
IRT	0.82	0.76	0.83		0.31	IRT
BRT	0.53	0.29	0.27	0.31		BRT
	NXRT	CSR	ELS	IRT	BRT

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Risk-Adjusted Indicators

There is a big difference between American 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
NXRT	1.14	0.08	0.05	0.19	1.22	(1.31)	2.71	(2.22)	7.17
CSR	0.95	(0.02)	(0.04)	0.07	1.04	(1.10)	2.21	(1.59)	6.09
ELS	1.01	0.03	(0.02)	0.19	1.32	(0.98)	2.31	(2.05)	5.56
IRT	1.01	(0.01)	(0.04)	0.08	1.13	(1.13)	2.07	(2.10)	6.27
BRT	1.43	(0.08)	(0.02)	0.04	1.75	(1.46)	2.95	(2.62)	9.18

American Homes Corporate Management

John Corrigan	Chief Investment Officer, Trustee	Profile
Lincoln Palmer	Executive Operations	Profile
Scott Nelles	Executive Operations	Profile
James Kropp	Independent Trustee	Profile
Brian Reitz	Executive Officer	Profile

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