Atlas Corp Correlations

ATCOL Stock

USD 25.05 0.02 0.08%

The current 90-days correlation between Atlas Corp and Babcock Wilcox Enterprises, is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlas Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Atlas Corp Correlation With Market

Significant diversification

The correlation between Atlas Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Corp 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 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Atlas Stock please use our How to buy in Atlas Stock guide.

Moving together with Atlas Stock

0.87	BK	Bank of New York	Pair Corr
0.71	GCMGW	GCM Grosvenor	Pair Corr
0.68	STT-PG	State Street	Pair Corr
0.76	OCCIM	OFS Credit ,	Pair Corr
0.83	OCCIN	OFS Credit	Pair Corr
0.83	OCCIO	OFS Credit	Pair Corr
0.75	FDUS	Fidus Investment Corp	Pair Corr
0.75	ATCO-PD	Atlas Corp	Pair Corr
0.81	ATCO-PH	Atlas Corp	Pair Corr
0.74	BUR	Burford Capital	Pair Corr
0.65	EQS	Equus Total Return	Pair Corr
0.63	FSK	FS KKR Capital Sell-off Trend	Pair Corr

Moving against Atlas Stock

0.74	VRTS	Virtus Investment	Pair Corr
0.63	PSEC-PA	Prospect Capital	Pair Corr
0.62	BCG	Binah Capital Group,	Pair Corr
0.58	WT	WisdomTree	Pair Corr
0.51	AMG	Affiliated Managers	Pair Corr
0.42	APO	Apollo Global Management	Pair Corr
0.36	BLK	BlackRock Sell-off Trend	Pair Corr
0.31	BX	Blackstone Group Normal Trading	Pair Corr
0.73	HPH	Highest Performances	Pair Corr
0.58	FHI	Federated Investors Normal Trading	Pair Corr
0.55	INV	Innventure,	Pair Corr
0.54	CNS	Cohen Steers	Pair Corr
0.51	PWM	Prestige Wealth Ordinary	Pair Corr
0.38	TPG	TPG Inc	Pair Corr

Related Correlations Analysis

	HROWL	BWSN	RILYO	RILYT	OXLCL
HROWL		0.62	0.0	0.56	0.76	HROWL
BWSN	0.62		0.0	0.5	0.4	BWSN
RILYO	0.0	0.0		0.0	0.0	RILYO
RILYT	0.56	0.5	0.0		0.51	RILYT
OXLCL	0.76	0.4	0.0	0.51		OXLCL
	HROWL	BWSN	RILYO	RILYT	OXLCL

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

OXLCL	+ 0.76	HROWL
BWSN	+ 0.62	HROWL
RILYT	+ 0.56	HROWL
OXLCL	+ 0.51	RILYT
RILYT	+ 0.5	BWSN
OXLCL	+ 0.4	BWSN

High negative correlations

OXLCL	- 0.0	RILYO
RILYT	- 0.0	RILYO
RILYO	- 0.0	BWSN
RILYO	- 0.0	HROWL

Risk-Adjusted Indicators

There is a big difference between Atlas Stock performing well and Atlas Corp 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 Corp'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
HROWL	0.20	0.02	0.37	0.19	0.13	(0.29)	0.52	(0.36)	1.28
BWSN	0.79	(0.06)	0.00	(0.33)	0.00	0.00	1.59	(1.35)	6.88
RILYO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RILYT	3.14	0.13	0.04	0.08	3.20	(4.22)	9.11	(5.18)	22.83
OXLCL	0.29	0.02	0.20	0.14	0.37	(0.29)	0.61	(0.52)	2.04

Atlas Corp Corporate Management

Gabrielle Smith	Director HR	Profile
Marilyn JD	Chief Officer	Profile
Sarah Pybus	Associate Officer	Profile
Graham Talbot	Chief Officer	Profile
Torsten Pedersen	Chief Officer	Profile
Stefan Hockley	Head Resources	Profile
Ashton King	Manager Relations	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