Atlas Energy Correlations

AESI Stock

18.54 0.45 2.49%

The correlation of Atlas Energy 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 Energy Correlation With Market

Average diversification

The correlation between Atlas Energy Solutions and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Energy Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Energy 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 state.

Moving together with Atlas Stock

0.91	EFXT	Enerflex	Pair Corr
0.82	WFRD	Weatherford International	Pair Corr
0.88	WTTR	Select Energy Services	Pair Corr
0.86	CLB	Core Laboratories	Pair Corr
0.77	DTI	Drilling Tools Inter	Pair Corr
0.79	FTI	TechnipFMC PLC	Pair Corr
0.75	HAL	Halliburton Aggressive Push	Pair Corr
0.81	KGS	Kodiak Gas Services,	Pair Corr
0.89	MRC	MRC Global	Pair Corr
0.85	NGS	Natural Gas Services Earnings Call This Week	Pair Corr
0.8	NOA	North American Const	Pair Corr
0.87	OII	Oceaneering International	Pair Corr
0.8	XPRO	Expro Group Holdings	Pair Corr
0.84	RES	RPC Inc	Pair Corr
0.89	TDW	Tidewater	Pair Corr
0.72	TTI	Tetra Technologies	Pair Corr
0.87	VAL	Valaris	Pair Corr
0.93	WHD	Cactus Inc	Pair Corr
0.81	GEOS	Geospace Technologies	Pair Corr
0.78	KLXE	KLX Energy Services	Pair Corr
0.85	LBRT	Liberty Oilfield Services	Pair Corr
0.71	NESRW	National Energy Services	Pair Corr
0.82	NESR	National Energy Services	Pair Corr

Moving against Atlas Stock

0.51	INVX	Innovex International, Symbol Change	Pair Corr
0.57	E	Eni SpA ADR	Pair Corr
0.55	AM	Antero Midstream Partners	Pair Corr
0.46	BP	BP PLC ADR	Pair Corr

Related Correlations Analysis

	NEX	PUMP	RNGR	SOI	SLCA	FTK	LBRT	KLXE	CCLP
NEX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEX
PUMP	0.0		0.63	0.0	0.0	0.27	0.98	0.83	0.0	PUMP
RNGR	0.0	0.63		0.0	0.0	0.25	0.55	0.58	0.0	RNGR
SOI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SOI
SLCA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SLCA
FTK	0.0	0.27	0.25	0.0	0.0		0.26	0.21	0.0	FTK
LBRT	0.0	0.98	0.55	0.0	0.0	0.26		0.85	0.0	LBRT
KLXE	0.0	0.83	0.58	0.0	0.0	0.21	0.85		0.0	KLXE
CCLP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CCLP
	NEX	PUMP	RNGR	SOI	SLCA	FTK	LBRT	KLXE	CCLP

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

LBRT	+ 0.98	PUMP
KLXE	+ 0.85	LBRT
KLXE	+ 0.83	PUMP
RNGR	+ 0.63	PUMP
KLXE	+ 0.58	RNGR
LBRT	+ 0.55	RNGR

High negative correlations

CCLP	- 0.0	KLXE
CCLP	- 0.0	LBRT
CCLP	- 0.0	FTK
CCLP	- 0.0	SLCA
KLXE	- 0.0	SLCA
LBRT	- 0.0	SLCA

Risk-Adjusted Indicators

There is a big difference between Atlas Stock performing well and Atlas Energy 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 Energy'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
NEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUMP	2.13	(0.28)	0.00	(0.28)	0.00	0.00	4.09	(4.40)	16.54
RNGR	1.80	0.00	0.00	0.00	2.44	(1.76)	3.34	(3.47)	11.28
SOI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLCA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTK	3.56	0.29	0.08	(0.27)	3.49	(4.49)	8.39	(6.41)	26.91
LBRT	2.12	(0.25)	0.00	(0.26)	0.00	0.00	3.21	(4.75)	16.65
KLXE	4.43	(0.24)	0.00	(0.20)	0.00	0.00	9.27	(8.49)	36.60
CCLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Atlas Energy Corporate Management

Kirk Ginn	Vice EHC	Profile
Hunter Wallace	Former Officer	Profile
Dathan Voelter	General Secretary	Profile
Kyle Turlington	Vice Relations	Profile
Shaam Farooq	Vice Technology	Profile
Jeffrey Allison	Executive Marketing	Profile
Brian Leveille	Vice Finance	Profile

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

2024 Macroaxis LLC