Atmofizer Technologies Correlations

ATMFF Stock

USD 0.06 0.00 0.00%

The current 90-days correlation between Atmofizer Technologies and 374Water Common Stock is 0.11 (i.e., Average diversification). The correlation of Atmofizer Technologies 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.

Atmofizer Technologies Correlation With Market

Significant diversification

The correlation between Atmofizer Technologies and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atmofizer Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Atmofizer Pink Sheet

0.73	SHG	Shinhan Financial	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.69	WF	Woori Financial Group	Pair Corr

Moving against Atmofizer Pink Sheet

0.74	CCVTF	China Conch Venture	Pair Corr
0.58	VFSWW	VinFast Auto	Pair Corr
0.52	VFS	VinFast Auto	Pair Corr
0.47	AQUA	Evoqua Water Technologies	Pair Corr
0.4	ZWS	Zurn Elkay Water	Pair Corr
0.36	FSS	Federal Signal	Pair Corr
0.7	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.67	WSM	Williams Sonoma	Pair Corr
0.6	SMLR	Semler Scientific	Pair Corr
0.51	WBA	Walgreens Boots Alliance Earnings Call This Week	Pair Corr
0.5	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.48	C	Citigroup Aggressive Push	Pair Corr
0.48	GIFI	Gulf Island Fabrication	Pair Corr
0.46	GBXI	GBX International	Pair Corr
0.42	DASH	DoorDash, Class A	Pair Corr
0.73	YLWDF	Yellow Pages Limited	Pair Corr
0.72	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.72	CTRN	Citi Trends	Pair Corr
0.6	BKV	BKV Corporation	Pair Corr

Related Correlations Analysis

	AKCCF	TOMZ	ZWS	FSS	ERII	CECO	SCWO
AKCCF		0.26	-0.59	-0.29	0.33	-0.31	0.42	AKCCF
TOMZ	0.26		-0.46	-0.66	0.18	-0.57	0.35	TOMZ
ZWS	-0.59	-0.46		0.62	-0.29	0.63	-0.55	ZWS
FSS	-0.29	-0.66	0.62		-0.51	0.88	-0.67	FSS
ERII	0.33	0.18	-0.29	-0.51		-0.69	0.8	ERII
CECO	-0.31	-0.57	0.63	0.88	-0.69		-0.74	CECO
SCWO	0.42	0.35	-0.55	-0.67	0.8	-0.74		SCWO
	AKCCF	TOMZ	ZWS	FSS	ERII	CECO	SCWO

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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

CECO	+ 0.88	FSS
SCWO	+ 0.8	ERII
CECO	+ 0.63	ZWS
FSS	+ 0.62	ZWS
SCWO	+ 0.42	AKCCF
SCWO	+ 0.35	TOMZ

High negative correlations

SCWO	- 0.74	CECO
CECO	- 0.69	ERII
SCWO	- 0.67	FSS
FSS	- 0.66	TOMZ
ZWS	- 0.59	AKCCF
CECO	- 0.57	TOMZ

Risk-Adjusted Indicators

There is a big difference between Atmofizer Pink Sheet performing well and Atmofizer Technologies 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 Atmofizer Technologies' 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
AKCCF	2.43	(0.03)	0.00	2.34	0.00	0.00	5.77	(5.36)	16.02
TOMZ	3.06	0.42	0.10	(0.44)	3.04	(4.15)	8.24	(4.65)	20.65
ZWS	0.98	0.14	0.10	0.64	1.10	(1.07)	2.30	(1.69)	8.09
FSS	1.24	(0.01)	(0.01)	0.01	2.00	(1.09)	3.24	(3.28)	10.12
ERII	1.96	(0.16)	0.00	(0.29)	0.00	0.00	4.14	(4.41)	27.67
CECO	2.26	0.11	0.02	(0.65)	3.22	(2.44)	4.73	(3.21)	18.98
SCWO	3.72	(0.85)	0.00	(0.81)	0.00	0.00	7.51	(7.36)	35.07

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Our tools can tell you how much better you can do entering a position in Atmofizer Technologies 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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