American Express Related Correlations

AXPB34 Stock

BRL 120.26 0.76 0.64%

Generate correlation matrix for American Express and other related equities to check the degree to which American Express 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 Express. 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 Express. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For information on how to trade American Stock refer to our How to Trade American Stock guide.

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Please note, there is a significant difference between American Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Express' 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

	TRAD3	TSNF34	BOAC34	USSX34	P1DT34	SSFO34	L1YG34	A1TH34
TRAD3		0.27	0.48	-0.19	0.53	0.67	0.62	0.53	TRAD3
TSNF34	0.27		0.82	-0.75	0.79	0.45	0.77	0.49	TSNF34
BOAC34	0.48	0.82		-0.75	0.93	0.63	0.94	0.54	BOAC34
USSX34	-0.19	-0.75	-0.75		-0.74	-0.42	-0.73	-0.46	USSX34
P1DT34	0.53	0.79	0.93	-0.74		0.6	0.91	0.64	P1DT34
SSFO34	0.67	0.45	0.63	-0.42	0.6		0.62	0.67	SSFO34
L1YG34	0.62	0.77	0.94	-0.73	0.91	0.62		0.52	L1YG34
A1TH34	0.53	0.49	0.54	-0.46	0.64	0.67	0.52		A1TH34
	TRAD3	TSNF34	BOAC34	USSX34	P1DT34	SSFO34	L1YG34	A1TH34

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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

L1YG34	+ 0.94	BOAC34
P1DT34	+ 0.93	BOAC34
L1YG34	+ 0.91	P1DT34
BOAC34	+ 0.82	TSNF34
P1DT34	+ 0.79	TSNF34
L1YG34	+ 0.77	TSNF34

High negative correlations

USSX34	- 0.75	BOAC34
USSX34	- 0.75	TSNF34
P1DT34	- 0.74	USSX34
L1YG34	- 0.73	USSX34
A1TH34	- 0.46	USSX34
SSFO34	- 0.42	USSX34

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Express 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 Express' 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
TRAD3	3.32	(0.09)	0.00	0.03	3.44	(4.83)	8.24	(7.06)	28.66
TSNF34	0.74	0.18	0.00	(0.85)	0.00	0.00	2.10	(1.94)	14.01
BOAC34	0.93	0.32	0.21	0.92	0.65	(0.97)	2.34	(1.80)	6.00
USSX34	1.31	(0.17)	0.00	1.48	0.00	0.00	2.43	(3.17)	15.53
P1DT34	0.68	0.16	0.04	0.92	0.81	(1.49)	1.81	(1.01)	8.75
SSFO34	1.43	0.04	0.02	0.13	1.77	(1.65)	2.83	(2.41)	10.65
L1YG34	1.33	0.36	0.19	0.70	1.26	(1.51)	4.82	(2.45)	10.68
A1TH34	1.13	0.06	0.00	0.32	1.33	(2.41)	3.16	(2.37)	12.25

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American Express Related Correlations

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