American Homes Related Correlations

AMH Stock  USD 36.25  0.63  1.77%   
Generate correlation matrix for American Homes and other related equities to check the degree to which American Homes 4 price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for American Homes 4. To filter out specific equities, please toggle its corresponding legend item. 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.
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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.

Correlations

OMHE
CALT
AMGN
WAT
NEOG
IRAA
AIKO
OMHE
0.00.00.00.00.00.0
OMHE
CALT
0.00.11-0.290.74-0.320.0
CALT
AMGN
0.00.11-0.750.03-0.670.0
AMGN
WAT
0.0-0.29-0.75-0.380.820.0
WAT
NEOG
0.00.740.03-0.38-0.520.0
NEOG
IRAA
0.0-0.32-0.670.82-0.520.0
IRAA
AIKO
0.00.00.00.00.00.0
AIKO
OMHE
CALT
AMGN
WAT
NEOG
IRAA
AIKO
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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   
IRAAWAT
NEOGCALT
AMGNCALT
NEOGAMGN
CALTOMHE
AMGNOMHE
  
High negative correlations   
WATAMGN
IRAAAMGN
IRAANEOG
NEOGWAT
IRAACALT
WATCALT

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.