ATAI Life Correlations

ATAI Stock

USD 1.45 0.08 5.84%

The current 90-days correlation between ATAI Life Sciences and Mind Medicine is 0.56 (i.e., Very weak diversification). The correlation of ATAI Life 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.

ATAI Life Correlation With Market

Average diversification

The correlation between ATAI Life Sciences and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATAI Life Sciences 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 ATAI Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ATAI Stock

0.83	OPT	Opthea	Pair Corr
0.74	TMCI	Treace Medical Concepts	Pair Corr

Moving against ATAI Stock

0.44	EYEN	Eyenovia	Pair Corr
0.44	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.52	SGHT	Sight Sciences	Pair Corr
0.38	PKX	POSCO Holdings	Pair Corr

Related Correlations Analysis

	MNMD	SEEL	GHRS	FRLN	CYBN	FBIO	BPTH	VCNX	ELYM	OPT
MNMD		0.0	0.54	0.0	0.56	0.09	0.3	0.0	0.0	0.57	MNMD
SEEL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEEL
GHRS	0.54	0.0		0.0	-0.08	-0.44	0.09	0.0	0.0	0.74	GHRS
FRLN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FRLN
CYBN	0.56	0.0	-0.08	0.0		0.49	0.54	0.0	0.0	0.22	CYBN
FBIO	0.09	0.0	-0.44	0.0	0.49		-0.03	0.0	0.0	-0.33	FBIO
BPTH	0.3	0.0	0.09	0.0	0.54	-0.03		0.0	0.0	0.45	BPTH
VCNX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VCNX
ELYM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ELYM
OPT	0.57	0.0	0.74	0.0	0.22	-0.33	0.45	0.0	0.0		OPT
	MNMD	SEEL	GHRS	FRLN	CYBN	FBIO	BPTH	VCNX	ELYM	OPT

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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

OPT	+ 0.74	GHRS
OPT	+ 0.57	MNMD
CYBN	+ 0.56	MNMD
GHRS	+ 0.54	MNMD
BPTH	+ 0.54	CYBN
FBIO	+ 0.49	CYBN

High negative correlations

FBIO	- 0.44	GHRS
OPT	- 0.33	FBIO
CYBN	- 0.08	GHRS
BPTH	- 0.03	FBIO
OPT	- 0.0	ELYM
OPT	- 0.0	VCNX

Risk-Adjusted Indicators

There is a big difference between ATAI Stock performing well and ATAI Life 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 ATAI Life'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
MNMD	4.30	0.07	0.02	0.02	5.59	(4.33)	9.98	(9.67)	28.29
SEEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GHRS	5.14	0.87	0.17	(8.07)	5.00	(6.48)	11.89	(9.93)	80.36
FRLN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYBN	2.64	(0.38)	0.00	(0.81)	0.00	0.00	5.37	(5.82)	18.54
FBIO	2.69	(0.16)	0.00	(0.87)	0.00	0.00	5.19	(4.87)	22.19
BPTH	8.68	(0.27)	0.00	(0.15)	0.00	0.00	15.63	(15.44)	189.05
VCNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPT	4.37	0.06	0.02	(0.19)	6.72	(4.61)	8.61	(7.55)	44.59

ATAI Life Corporate Management

Ryan Barrett	General VP	Profile
Ryan JD	General Secretary	Profile
Rolando MD	Chief Officer	Profile
Stephen Bardin	Advisor	Profile
Michael Raven	Senior Operations	Profile
Madison Crawford	Sr Accounting	Profile
Glenn Short	Senior Development	Profile

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