American Express Correlations

AXP Stock

ARS 26,675 400.00 1.48%

The current 90-days correlation between American Express and NIKE Inc is 0.67 (i.e., Poor 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

Average diversification

The correlation between American Express Co and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Express Co 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 Co to buy it.

Moving together with American Stock

0.63	X	United States Steel	Pair Corr
0.73	XOM	Exxon Mobil	Pair Corr
0.94	DISN	Walt Disney	Pair Corr
0.72	MO	Altria Group,	Pair Corr
0.94	NKE	NIKE Inc	Pair Corr

Related Correlations Analysis

	AXP	NKE	X	PFE	IRCP	GARO	MOLA	CTIO	RIGO
AXP		0.94	0.63	0.85	0.0	-0.34	-0.61	-0.42	-0.8	AXP
NKE	0.94		0.68	0.89	0.0	-0.42	-0.53	-0.34	-0.83	NKE
X	0.63	0.68		0.56	0.0	-0.52	-0.47	-0.41	-0.79	X
PFE	0.85	0.89	0.56		0.0	-0.52	-0.5	-0.32	-0.77	PFE
IRCP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IRCP
GARO	-0.34	-0.42	-0.52	-0.52	0.0		0.54	0.29	0.58	GARO
MOLA	-0.61	-0.53	-0.47	-0.5	0.0	0.54		0.63	0.66	MOLA
CTIO	-0.42	-0.34	-0.41	-0.32	0.0	0.29	0.63		0.54	CTIO
RIGO	-0.8	-0.83	-0.79	-0.77	0.0	0.58	0.66	0.54		RIGO
	AXP	NKE	X	PFE	IRCP	GARO	MOLA	CTIO	RIGO

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

NKE	+ 0.94	AXP
PFE	+ 0.89	NKE
PFE	+ 0.85	AXP
X	+ 0.68	NKE
RIGO	+ 0.66	MOLA
X	+ 0.63	AXP

High negative correlations

RIGO	- 0.83	NKE
RIGO	- 0.8	AXP
RIGO	- 0.79	X
RIGO	- 0.77	PFE
MOLA	- 0.61	AXP
MOLA	- 0.53	NKE

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
AXP	1.98	0.20	0.04	0.73	2.67	(2.06)	4.79	(4.42)	13.13
NKE	2.28	0.17	0.06	0.31	2.51	(2.89)	5.45	(4.75)	19.90
X	2.75	0.55	0.15	1.06	2.69	(3.62)	6.28	(4.32)	28.27
PFE	1.77	(0.01)	(0.03)	0.11	2.94	(1.56)	3.50	(4.41)	9.02
IRCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GARO	4.11	0.62	0.08	(1.62)	4.58	(4.81)	9.11	(7.98)	27.20
MOLA	2.43	0.35	0.00	(0.08)	2.85	(3.11)	4.80	(4.17)	26.46
CTIO	1.70	(0.06)	0.00	1.62	0.00	0.00	3.47	(3.45)	12.77
RIGO	2.91	(0.15)	0.00	0.64	0.00	0.00	3.90	(5.62)	51.47

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.

Did you try this?

Run Aroon Oscillator Now

Aroon Oscillator

Analyze current equity momentum using Aroon Oscillator and other momentum ratios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC