American Homes Correlations
| AMH Stock | USD 35.03 0.37 1.07% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Homes 4 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between American Homes 4 and NYA is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Homes 4 and NYA 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 Stock
| 0.74 | FCPT | Four Corners Property Financial Report 6th of May 2024 | PairCorr |
| 0.75 | AVB | AvalonBay Communities Earnings Call This Week | PairCorr |
| 0.83 | UMH | UMH Properties Financial Report 14th of May 2024 | PairCorr |
Moving against American Stock
| 0.72 | OPI | Office Properties Financial Report 24th of April 2024 | PairCorr |
| 0.62 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.54 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUI | 1.03 | (0.24) | 0.00 | (0.15) | 0.00 | 1.81 | 6.68 | |||
| CLPR | 1.64 | (0.55) | 0.00 | (0.33) | 0.00 | 3.39 | 13.53 | |||
| UDR | 1.12 | (0.17) | 0.00 | (0.07) | 0.00 | 1.77 | 5.90 | |||
| UMH | 1.34 | (0.09) | (0.04) | 0.00 | 1.60 | 2.99 | 13.73 | |||
| AIV | 1.40 | (0.09) | (0.02) | 0.01 | 1.80 | 2.53 | 7.88 | |||
| IRT | 1.42 | (0.05) | 0.00 | 0.03 | 1.43 | 5.20 | 9.85 | |||
| BRT | 1.65 | (0.20) | 0.00 | (0.05) | 0.00 | 3.46 | 8.90 | |||
| EQR | 1.15 | (0.08) | 0.00 | (0.01) | 0.00 | 2.14 | 6.12 | |||
| MAA | 1.12 | (0.19) | 0.00 | (0.08) | 0.00 | 2.11 | 6.67 | |||
| ESS | 1.18 | (0.16) | 0.00 | (0.06) | 0.00 | 2.50 | 6.17 |
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
Elected by the shareholders, the American Homes' board of directors comprises two types of representatives: American Homes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Homes' management team and ensure that shareholders' interests are well served. American Homes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, American Homes' outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Corrigan | Chief Investment Officer, Trustee | Profile | |
| Lincoln Palmer | Executive Operations | Profile | |
| Scott Nelles | Executive Operations | Profile | |
| James Kropp | Independent Trustee | Profile |
Already Invested in American Homes 4?
The danger of trading American Homes 4 is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of American Homes is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than American Homes. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile American Homes 4 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether American Homes 4 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of American Homes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of American Homes 4 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on American Homes 4 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 tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for American Stock analysis
When running American Homes' price analysis, check to measure American Homes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Homes is operating at the current time. Most of American Homes' value examination focuses on studying past and present price action to predict the probability of American Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Homes' price. Additionally, you may evaluate how the addition of American Homes to your portfolios can decrease your overall portfolio volatility.
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Is American Homes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of American Homes. If investors know American will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about American Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 0.88 | Earnings Share 1.01 | Revenue Per Share 4.485 | Quarterly Revenue Growth 0.073 |
The market value of American Homes 4 is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Homes' value that differs from its market value or its book value, called intrinsic value, which is American Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Homes' market value can be influenced by many factors that don't directly affect American Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Homes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.