Altisource Portfolio Correlations

ASPS Stock

USD 15.04 0.74 5.17%

The current 90-days correlation between Altisource Portfolio and New England Realty is -0.13 (i.e., Good diversification). The correlation of Altisource Portfolio 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Altisource Portfolio Correlation With Market

Good diversification

The correlation between Altisource Portfolio Solutions and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altisource Portfolio Solutions and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altisource Portfolio Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Altisource Stock

0.85	KW	Kennedy Wilson Holdings	Pair Corr
0.77	EXPI	eXp World Holdings Potential Growth	Pair Corr
0.76	AEI	Alset Ehome International	Pair Corr
0.85	BHM	Bluerock Homes Trust	Pair Corr
0.69	CBL	CBL Associates Properties	Pair Corr
0.65	CWK	Cushman Wakefield plc	Pair Corr
0.82	FOR	Forestar Group	Pair Corr
0.77	JLL	Jones Lang LaSalle	Pair Corr
0.79	ONL	Orion Office Reit	Pair Corr
0.62	TCI	Transcontinental Realty	Pair Corr
0.73	NMRK	Newmark Group Potential Growth	Pair Corr
0.78	NXDT	NexPoint Strategic	Pair Corr
0.72	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.75	HR	Healthcare Realty Trust Sell-off Trend	Pair Corr
0.61	PK	Park Hotels Resorts	Pair Corr
0.71	UE	Urban Edge Properties	Pair Corr
0.8	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against Altisource Stock

0.47	UK	Ucommune International	Pair Corr
0.44	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.34	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.68	GIPRW	Generation Income	Pair Corr
0.49	MRNO	Murano Global Investments	Pair Corr
0.33	XIN	Xinyuan Real Estate	Pair Corr
0.52	EQIX	Equinix	Pair Corr
0.39	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	NEN	FRPH	MMI	TCI	FTHM	MAYS	FSV	MLP	NYC	HOUS
NEN		-0.21	-0.32	-0.83	-0.7	0.17	-0.52	-0.77	-0.3	-0.45	NEN
FRPH	-0.21		0.02	0.13	0.04	-0.29	0.33	0.12	-0.17	0.22	FRPH
MMI	-0.32	0.02		0.28	0.0	0.3	0.23	0.48	0.64	0.14	MMI
TCI	-0.83	0.13	0.28		0.79	-0.32	0.63	0.83	0.33	0.64	TCI
FTHM	-0.7	0.04	0.0	0.79		-0.39	0.67	0.69	0.2	0.62	FTHM
MAYS	0.17	-0.29	0.3	-0.32	-0.39		-0.47	-0.19	0.14	-0.46	MAYS
FSV	-0.52	0.33	0.23	0.63	0.67	-0.47		0.6	0.18	0.73	FSV
MLP	-0.77	0.12	0.48	0.83	0.69	-0.19	0.6		0.28	0.5	MLP
NYC	-0.3	-0.17	0.64	0.33	0.2	0.14	0.18	0.28		0.22	NYC
HOUS	-0.45	0.22	0.14	0.64	0.62	-0.46	0.73	0.5	0.22		HOUS
	NEN	FRPH	MMI	TCI	FTHM	MAYS	FSV	MLP	NYC	HOUS

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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

MLP	+ 0.83	TCI
FTHM	+ 0.79	TCI
HOUS	+ 0.73	FSV
MLP	+ 0.69	FTHM
FSV	+ 0.67	FTHM
NYC	+ 0.64	MMI

High negative correlations

TCI	- 0.83	NEN
MLP	- 0.77	NEN
FTHM	- 0.7	NEN
FSV	- 0.52	NEN
FSV	- 0.47	MAYS
HOUS	- 0.46	MAYS

Risk-Adjusted Indicators

There is a big difference between Altisource Stock performing well and Altisource Portfolio 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 Portfolio'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NEN	0.69	(0.03)	0.00	0.23	0.00	0.00	2.04	(2.01)	8.30
FRPH	1.11	(0.09)	(0.08)	0.02	1.46	(1.17)	2.45	(2.75)	10.22
MMI	1.41	(0.18)	0.00	(0.02)	0.00	0.00	2.72	(3.16)	7.96
TCI	2.45	0.38	0.12	0.44	2.72	(2.69)	5.69	(4.97)	17.22
FTHM	4.90	0.84	0.18	0.68	4.51	(6.26)	11.11	(7.44)	44.49
MAYS	1.73	(0.05)	0.00	0.20	0.00	0.00	3.83	(5.61)	16.12
FSV	0.76	0.01	(0.04)	0.15	1.05	(0.72)	1.77	(1.87)	5.62
MLP	2.66	(0.11)	0.01	0.08	3.14	(2.62)	5.94	(4.60)	16.69
NYC	3.61	0.23	0.04	0.55	4.05	(4.03)	8.81	(7.46)	21.96
HOUS	2.83	0.48	0.09	21.65	3.19	(3.21)	7.54	(4.37)	19.58

Altisource Portfolio Corporate Management

Michelle CPA	Chief Officer	Profile
Travis Britsch	Senior Marketplace	Profile
Gregory Ritts	General Counsel	Profile
Philip Johnsen	Senior Solutions	Profile
Israel Meir	Chief Officer	Profile
Gregory JD	Chief Secretary	Profile

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