ATRIUM MORTGAGE Correlations

74O Stock

EUR 7.20 0.45 5.88%

The correlation of ATRIUM MORTGAGE 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.

ATRIUM MORTGAGE Correlation With Market

Very good diversification

The correlation between ATRIUM MORTGAGE INVESTM and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATRIUM MORTGAGE INVESTM and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ATRIUM MORTGAGE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATRIUM MORTGAGE 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 ATRIUM MORTGAGE - 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 ATRIUM MORTGAGE INVESTM to buy it.

Moving together with ATRIUM Stock

0.61	1EL	ELLINGTON FINL INC	Pair Corr
0.64	1DH	Clarkson PLC	Pair Corr
0.67	DGS	Envela Corp	Pair Corr
0.64	MKL	Atea ASA	Pair Corr

Moving against ATRIUM Stock

0.61	D7GA	NEL ASA ADR30	Pair Corr
0.51	T77	LendingTree	Pair Corr
0.33	PBB	Deutsche Pfandbriefbank	Pair Corr
0.34	CHK	China Resources Beer	Pair Corr
0.37	LHL1	Lenovo Group Limited	Pair Corr
0.37	CKS2	GOME Retail Holdings	Pair Corr

Related Correlations Analysis

	07WA	2UK	63Z	PBB	1EL	LDD	58O	74O
07WA		0.41	0.82	-0.77	0.76	0.12	-0.22	0.45	07WA
2UK	0.41		0.21	-0.26	0.75	-0.04	-0.14	0.56	2UK
63Z	0.82	0.21		-0.72	0.59	0.12	-0.16	0.4	63Z
PBB	-0.77	-0.26	-0.72		-0.6	0.16	0.52	-0.33	PBB
1EL	0.76	0.75	0.59	-0.6		0.12	-0.15	0.61	1EL
LDD	0.12	-0.04	0.12	0.16	0.12		-0.02	0.04	LDD
58O	-0.22	-0.14	-0.16	0.52	-0.15	-0.02		-0.1	58O
74O	0.45	0.56	0.4	-0.33	0.61	0.04	-0.1		74O
	07WA	2UK	63Z	PBB	1EL	LDD	58O	74O

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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

63Z	+ 0.82	07WA
1EL	+ 0.76	07WA
1EL	+ 0.75	2UK
74O	+ 0.61	1EL
1EL	+ 0.59	63Z
74O	+ 0.56	2UK

High negative correlations

PBB	- 0.77	07WA
PBB	- 0.72	63Z
1EL	- 0.6	PBB
74O	- 0.33	PBB
PBB	- 0.26	2UK
58O	- 0.22	07WA

Risk-Adjusted Indicators

There is a big difference between ATRIUM Stock performing well and ATRIUM MORTGAGE 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 ATRIUM MORTGAGE'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
07WA	1.36	0.10	0.06	0.12	1.57	(1.48)	3.39	(3.09)	10.18
2UK	1.68	0.04	0.02	0.06	2.26	(1.87)	3.49	(3.59)	12.17
63Z	1.53	0.12	0.05	0.33	1.61	(2.24)	3.57	(3.23)	10.21
PBB	1.32	(0.29)	0.00	0.41	0.00	0.00	1.74	(3.07)	12.44
1EL	0.65	0.04	0.02	0.12	0.68	(1.13)	1.76	(1.71)	4.38
LDD	3.53	(0.33)	0.00	(0.23)	0.00	0.00	8.74	(7.18)	28.22
58O	1.41	(0.15)	0.00	(0.16)	0.00	0.00	4.00	(4.60)	14.77
74O	1.45	0.06	0.01	(0.07)	2.01	(2.04)	4.90	(5.22)	11.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in ATRIUM MORTGAGE 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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