Atlas Copco Correlations

ACO Stock

EUR 14.50 0.10 0.68%

The current 90-days correlation between Atlas Copco A and TITANIUM TRANSPORTGROUP is 0.04 (i.e., Significant diversification). The correlation of Atlas Copco 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.

Atlas Copco Correlation With Market

Average diversification

The correlation between Atlas Copco A 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 Atlas Copco A and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Atlas Stock

0.53	RU6	PT Solusi Bangun	Pair Corr
0.34	DBPD	Xtrackers ShortDAX	Pair Corr
0.33	A2R	Accent Resources	Pair Corr

Related Correlations Analysis

	I9V	MGK	CN6	ROW	1YD	9IRA	9IRA	1XV
I9V		0.49	0.05	0.69	0.14	-0.77	-0.78	0.61	I9V
MGK	0.49		0.1	0.66	0.38	-0.32	-0.35	0.5	MGK
CN6	0.05	0.1		0.05	0.5	0.15	0.16	0.02	CN6
ROW	0.69	0.66	0.05		0.49	-0.73	-0.75	0.94	ROW
1YD	0.14	0.38	0.5	0.49		-0.06	-0.05	0.5	1YD
9IRA	-0.77	-0.32	0.15	-0.73	-0.06		0.98	-0.73	9IRA
9IRA	-0.78	-0.35	0.16	-0.75	-0.05	0.98		-0.74	9IRA
1XV	0.61	0.5	0.02	0.94	0.5	-0.73	-0.74		1XV
	I9V	MGK	CN6	ROW	1YD	9IRA	9IRA	1XV

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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

9IRA	+ 0.98	9IRA
1XV	+ 0.94	ROW
ROW	+ 0.69	I9V
ROW	+ 0.66	MGK
1XV	+ 0.61	I9V
1XV	+ 0.5	MGK

High negative correlations

9IRA	- 0.78	I9V
9IRA	- 0.77	I9V
9IRA	- 0.75	ROW
1XV	- 0.74	9IRA
1XV	- 0.73	9IRA
9IRA	- 0.73	ROW

Risk-Adjusted Indicators

There is a big difference between Atlas Stock performing well and Atlas Copco 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 Atlas Copco'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
I9V	1.86	0.12	0.01	(5.19)	2.05	(2.25)	4.26	(3.42)	11.37
MGK	1.74	0.29	0.11	0.76	1.58	(2.55)	5.45	(3.43)	11.87
CN6	2.24	0.07	0.00	0.71	2.80	(4.21)	7.02	(3.64)	24.75
ROW	1.48	0.28	0.17	0.53	1.19	(1.92)	3.46	(2.08)	7.11
1YD	2.00	0.17	0.04	0.43	2.59	(2.00)	4.41	(4.32)	12.00
9IRA	2.76	(0.07)	(0.02)	0.04	3.12	(3.71)	8.09	(4.62)	23.58
9IRA	2.68	(0.14)	(0.02)	0.01	3.22	(3.31)	5.24	(4.12)	21.24
1XV	0.89	0.30	0.15	(1.34)	0.72	(1.24)	1.86	(1.47)	7.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atlas Copco 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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Atlas Copco Corporate Management

Elected by the shareholders, the Atlas Copco's board of directors comprises two types of representatives: Atlas Copco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atlas. The board's role is to monitor Atlas Copco's management team and ensure that shareholders' interests are well served. Atlas Copco's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atlas Copco's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mats Hgberg	Chief VP	Profile
Peter Kinnart	VP CFO	Profile
Cecilia Sandberg	VP Officer	Profile
Sara Liljedal	VP Officer	Profile
Lars Eklof	Pres Systems	Profile
Eva Klasen	VP Officer	Profile
Daniel Althoff	VP Relations	Profile

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