Atkore International Correlations

ATKR Stock

USD 62.95 1.25 1.95%

The current 90-days correlation between Atkore International and Hubbell is 0.33 (i.e., Weak diversification). The correlation of Atkore International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Atkore International Correlation With Market

Modest diversification

The correlation between Atkore International Group and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atkore International Group 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 Atkore International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Atkore Stock

0.76	TE	T1 Energy Symbol Change	Pair Corr
0.84	ELPW	Elong Power Holding	Pair Corr
0.85	FCEL	FuelCell Energy	Pair Corr
0.89	EAF	GrafTech International	Pair Corr
0.92	ENR	Energizer Holdings	Pair Corr
0.67	ESP	Espey Mfg Electronics	Pair Corr
0.61	GTI	Graphjet Technology	Pair Corr
0.76	GWH	ESS Tech	Pair Corr
0.83	NVT	nVent Electric PLC	Pair Corr
0.85	NVX	Novonix Ltd ADR	Pair Corr
0.82	XPON	Expion360	Pair Corr
0.71	STI	Solidion Technology	Pair Corr
0.82	VRT	Vertiv Holdings	Pair Corr
0.66	EOSEW	Eos Energy Enterprises	Pair Corr
0.72	HAYW	Hayward Holdings	Pair Corr
0.85	PITAW	Heramba Electric plc	Pair Corr
0.76	SDSTW	Stardust Power Symbol Change	Pair Corr
0.91	HUBB	Hubbell	Pair Corr
0.83	IPWR	Ideal Power	Pair Corr
0.69	NEOVW	NeoVolta Warrant	Pair Corr
0.68	ADSEW	ADS TEC ENERGY	Pair Corr
0.79	NEOV	NeoVolta Common Stock	Pair Corr
0.92	PITA	Heramba Electric plc	Pair Corr

Moving against Atkore Stock

0.55	ENS	Enersys	Pair Corr
0.51	EPOW	Sunrise New Energy	Pair Corr
0.68	LTBR	Lightbridge Corp Downward Rally	Pair Corr
0.44	APWC	Asia Pacific Wire	Pair Corr
0.4	RFIL	RF Industries	Pair Corr

Related Correlations Analysis

	HUBB	ENS	AEIS	NVT	KE	HOLI	VRT	ENR	AYI
HUBB		-0.39	0.63	0.95	0.83	0.0	0.93	0.91	0.77	HUBB
ENS	-0.39		0.17	-0.29	-0.32	0.0	-0.32	-0.65	0.11	ENS
AEIS	0.63	0.17		0.72	0.68	0.0	0.61	0.41	0.72	AEIS
NVT	0.95	-0.29	0.72		0.76	0.0	0.95	0.8	0.78	NVT
KE	0.83	-0.32	0.68	0.76		0.0	0.72	0.79	0.59	KE
HOLI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HOLI
VRT	0.93	-0.32	0.61	0.95	0.72	0.0		0.78	0.76	VRT
ENR	0.91	-0.65	0.41	0.8	0.79	0.0	0.78		0.53	ENR
AYI	0.77	0.11	0.72	0.78	0.59	0.0	0.76	0.53		AYI
	HUBB	ENS	AEIS	NVT	KE	HOLI	VRT	ENR	AYI

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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

NVT	+ 0.95	HUBB
VRT	+ 0.95	NVT
VRT	+ 0.93	HUBB
ENR	+ 0.91	HUBB
KE	+ 0.83	HUBB
ENR	+ 0.8	NVT

High negative correlations

ENR	- 0.65	ENS
ENS	- 0.39	HUBB
VRT	- 0.32	ENS
KE	- 0.32	ENS
NVT	- 0.29	ENS
AYI	- 0.0	HOLI

Risk-Adjusted Indicators

There is a big difference between Atkore Stock performing well and Atkore International 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 Atkore International'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
HUBB	1.50	(0.32)	0.00	(0.27)	0.00	0.00	2.61	(3.38)	11.92
ENS	1.29	0.10	0.06	0.13	1.53	(1.33)	2.47	(2.66)	7.78
AEIS	2.11	(0.13)	0.00	(0.08)	0.00	0.00	3.80	(5.23)	17.80
NVT	1.77	(0.30)	0.00	(0.27)	0.00	0.00	3.32	(4.58)	19.05
KE	1.49	(0.11)	0.00	(0.10)	0.00	0.00	2.21	(3.39)	10.46
HOLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRT	3.88	(0.26)	0.00	(0.12)	0.00	0.00	6.53	(8.44)	36.57
ENR	1.04	(0.30)	0.00	0.86	0.00	0.00	1.73	(2.76)	6.06
AYI	1.47	(0.19)	0.00	(0.13)	0.00	0.00	2.21	(3.96)	10.25

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