American Express Correlations

Stocks . Germany . 
Stock . American Express
AEC1 Stock  EUR 263.45  7.90  2.91%   
The current 90-days correlation between American Express and Tsingtao Brewery is 0.2 (i.e., Modest diversification). The correlation of American Express 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 Express Correlation With Market

Good diversification

The correlation between American Express and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Express and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to American Express 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 Express 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 Express - 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 Express to buy it.

Moving together with American Stock

  0.99AEC1 American ExpressPairCorr
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  0.93CFX Capital One Financial Earnings Call This WeekPairCorr
  0.85OIX ORIXPairCorr
  0.85KBIA KB Financial Group Earnings Call This WeekPairCorr
  0.626GAA Grupo Aval AccionesPairCorr
  0.752WGA WOORI FIN GRP Earnings Call This WeekPairCorr
  0.7MFZA Mitsubishi UFJ FinancialPairCorr
  0.71SEBC Skandinaviska EnskildaPairCorr
  0.79FA2 FORWARD AIR PPairCorr
  0.88HEI Heidelberg MaterialsPairCorr
  0.84AG8 AGILENT TECHPairCorr
  0.82KGHA KGHM Polska MiedzPairCorr
  0.84DBPE Xtrackers LevDAXPairCorr
  0.88E908 Lyxor 1PairCorr

Moving against American Stock

  0.85DBPD Xtrackers ShortDAXPairCorr

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   
6P8
+ 0.82
FV8
ACX
+ 0.8
6P8
ACX
+ 0.79
FV8
MOB
+ 0.73
6P8
0HF
+ 0.72
FV8
BE4A
+ 0.7
FV8
  
High negative correlations   
TSI
- 0.63
FV8
TSI
- 0.62
BE4A
0HF
- 0.31
TSI
TSI
- 0.31
6P8
ACX
- 0.28
TSI

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Express 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.

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American Express Corporate Management

Elected by the shareholders, the American Express' board of directors comprises two types of representatives: American Express 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 Express' management team and ensure that shareholders' interests are well served. American Express' 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 Express' outside directors are responsible for providing unbiased perspectives on the board's policies.
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