American Homes Correlations

AMH Stock

USD 35.19 0.50 1.44%

The current 90-days correlation between American Homes 4 and Camden Property Trust is 0.75 (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

Modest diversification

The correlation between American Homes 4 and DJI is 0.24 (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.

Build AI portfolio with American Stock

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

0.73	LB	LandBridge Company	Pair Corr
0.66	ADC	Agree Realty	Pair Corr
0.69	AKR	Acadia Realty Trust	Pair Corr

Moving against American Stock

0.71	VICI	VICI Properties	Pair Corr
0.63	Z	Zillow Group Class Earnings Call Tomorrow	Pair Corr
0.58	WELL	Welltower	Pair Corr
0.57	HR	Healthcare Realty Trust Buyout Trend	Pair Corr
0.55	UE	Urban Edge Properties	Pair Corr
0.54	O	Realty Income Earnings Call This Week	Pair Corr
0.42	PK	Park Hotels Resorts	Pair Corr
0.36	ESBA	Empire State Realty	Pair Corr
0.33	ESRT	Empire State Realty	Pair Corr
0.68	AIV	Apartment Investment and Earnings Call This Week	Pair Corr
0.67	DEA	Eerly Govt Ppty Earnings Call Tomorrow	Pair Corr
0.64	DEI	Douglas Emmett Earnings Call Tomorrow	Pair Corr
0.52	AAT	American Assets Trust	Pair Corr
0.52	ARE	Alexandria Real Estate	Pair Corr
0.52	BXP	Boston Properties	Pair Corr
0.4	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.37	BRX	Brixmor Property	Pair Corr
0.32	BFS	Saul Centers	Pair Corr
0.77	KRC	Kilroy Realty Corp	Pair Corr
0.76	INN	Summit Hotel Properties Earnings Call Tomorrow	Pair Corr
0.65	HPP	Hudson Pacific Properties Earnings Call Tomorrow	Pair Corr
0.61	MAC	Macerich Earnings Call This Week	Pair Corr
0.57	NNN	National Retail Prop Earnings Call Tomorrow	Pair Corr
0.46	RHP	Ryman Hospitality Earnings Call Today	Pair Corr

Related Correlations Analysis

	CPT	ELS	INVH	REXR	SUI	UDR	UMH
CPT		0.61	0.79	-0.29	-0.09	0.85	0.47	CPT
ELS	0.61		0.86	-0.71	0.04	0.63	0.52	ELS
INVH	0.79	0.86		-0.68	-0.11	0.83	0.56	INVH
REXR	-0.29	-0.71	-0.68		0.42	-0.42	-0.15	REXR
SUI	-0.09	0.04	-0.11	0.42		-0.02	0.35	SUI
UDR	0.85	0.63	0.83	-0.42	-0.02		0.71	UDR
UMH	0.47	0.52	0.56	-0.15	0.35	0.71		UMH
	CPT	ELS	INVH	REXR	SUI	UDR	UMH

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

INVH	+ 0.86	ELS
UDR	+ 0.85	CPT
UDR	+ 0.83	INVH
INVH	+ 0.79	CPT
UMH	+ 0.71	UDR
UDR	+ 0.63	ELS

High negative correlations

REXR	- 0.71	ELS
REXR	- 0.68	INVH
UDR	- 0.42	REXR
REXR	- 0.29	CPT
UMH	- 0.15	REXR
SUI	- 0.11	INVH

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
CPT	0.92	(0.17)	0.00	(0.08)	0.00	0.00	1.94	(2.13)	8.03
ELS	0.93	(0.11)	0.00	(0.23)	0.00	0.00	1.96	(1.86)	5.42
INVH	0.85	(0.20)	0.00	(0.27)	0.00	0.00	1.66	(2.18)	5.25
REXR	1.13	0.01	0.02	0.12	1.37	(1.12)	2.32	(2.35)	8.63
SUI	1.14	0.03	(0.02)	0.16	1.44	(1.17)	1.94	(2.56)	9.17
UDR	0.95	(0.16)	0.00	(0.11)	0.00	0.00	1.76	(2.00)	6.07
UMH	0.86	(0.18)	0.00	(0.15)	0.00	0.00	1.64	(2.29)	5.44

American Homes Corporate Management

John Corrigan	Chief Investment Officer, Trustee	Profile
Brent Landry	Executive Development	Profile
Lincoln Palmer	Executive Operations	Profile
Scott Nelles	Executive Operations	Profile
James Kropp	Independent Trustee	Profile

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

2025 Macroaxis LLC