Altisource Asset Correlations

AAMC Stock  USD 2.55  0.05  2.00%   
The current 90-days correlation between Altisource Asset Man and Abrdn Emerging Markets is 0.09 (i.e., Significant diversification). The correlation of Altisource Asset 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.

Altisource Asset Correlation With Market

Average diversification

The correlation between Altisource Asset Management and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altisource Asset Management 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 Altisource Asset Management. 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 Altisource Stock

  0.62DOUG Douglas EllimanPairCorr
  0.76VTMX Corporacin InmobiliariaPairCorr
  0.66FRPH Frp Holdings OrdPairCorr
  0.87RFL Rafael Holdings ClassPairCorr
  0.78SGD Safe and Green Symbol ChangePairCorr
  0.62TCI Transcontinental RealtyPairCorr
  0.87HOUS Anywhere Real Estate TrendingPairCorr

Moving against Altisource Stock

  0.83NYC New York CityPairCorr
  0.79AEI Alset Ehome InternationalPairCorr
  0.74NEN New England RealtyPairCorr
  0.73JLL Jones Lang LaSallePairCorr
  0.59CBL CBL Associates PropertiesPairCorr
  0.58KW Kennedy Wilson HoldingsPairCorr
  0.57BHM Bluerock Homes TrustPairCorr
  0.55VINO Gaucho Group HoldingsPairCorr
  0.47CWK Cushman Wakefield plc Sell-off TrendPairCorr
  0.45ZG Zillow GroupPairCorr
  0.31MLP Maui Land PineapplePairCorr
  0.39ONL Orion Office ReitPairCorr
  0.35GIPR Generationome PropertiesPairCorr

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   
BLWKTF
MUIKTF
MYDKTF
BLWAEF
MUIAEF
KTFAEF
  
High negative correlations   
LRFCBBUC
LRFCBSIG
AMKAEF
MUIAMK
LRFCAMK
AMKKTF

Risk-Adjusted Indicators

There is a big difference between Altisource Stock performing well and Altisource Asset 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 Altisource Asset'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AEF  0.64  0.10  0.04  0.39  0.72 
 1.59 
 4.37 
KTF  0.29  0.07 (0.02) 0.49  0.12 
 0.64 
 2.00 
AMK  0.42 (0.14) 0.00 (0.31) 0.00 
 0.70 
 5.00 
MUI  0.36  0.07  0.01  0.29  0.10 
 0.84 
 5.26 
MYD  0.38  0.01 (0.09) 0.11  0.47 
 0.75 
 2.10 
BBUC  1.62  0.03  0.03  0.11  1.75 
 3.82 
 7.86 
BSIG  1.32  0.09  0.05  0.21  1.28 
 2.94 
 6.40 
LRFC  0.44 (0.01)(0.12)(0.02) 0.62 
 1.01 
 3.09 
BLW  0.38  0.06 (0.01) 0.37  0.40 
 0.84 
 2.20 
ASXSF  1.95  0.15  0.01 (2.13) 2.58 
 8.70 
 31.05 

Altisource Asset Corporate Management