Atmus Filtration Correlations

ATMU Stock

38.11 0.03 0.08%

The current 90-days correlation between Atmus Filtration Tec and National Beverage Corp is 0.06 (i.e., Significant diversification). The correlation of Atmus Filtration 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.

Atmus Filtration Correlation With Market

Very weak diversification

The correlation between Atmus Filtration Technologies and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atmus Filtration Technologies 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 Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Atmus Stock

0.61	VLTO	Veralto	Pair Corr
0.82	FSS	Federal Signal	Pair Corr
0.86	ZWS	Zurn Elkay Water	Pair Corr
0.66	LIQT	LiqTech International	Pair Corr
0.61	CECO	CECO Environmental Corp	Pair Corr
0.69	CLIR	ClearSign Combustion	Pair Corr
0.85	J	Jacobs Solutions	Pair Corr
0.65	R	Ryder System Earnings Call This Week	Pair Corr
0.76	AP	Ampco Pittsburgh	Pair Corr
0.71	BV	BrightView Holdings	Pair Corr
0.74	CW	Curtiss Wright	Pair Corr
0.85	DY	Dycom Industries	Pair Corr
0.68	FA	First Advantage Corp	Pair Corr
0.73	GP	GreenPower Motor	Pair Corr

Moving against Atmus Stock

0.66	ERII	Energy Recovery	Pair Corr
0.5	EH	Ehang Holdings	Pair Corr
0.72	SB	Safe Bulkers	Pair Corr
0.68	PC	Premium Catering	Pair Corr
0.48	KC	Kingsoft Cloud Holdings	Pair Corr
0.31	LZ	LegalZoom	Pair Corr

Related Correlations Analysis

	FIZZ	COCO	VCSA	COIN	TAP	DEO	UBER
FIZZ		-0.11	-0.79	0.44	-0.35	0.83	-0.85	FIZZ
COCO	-0.11		0.02	0.56	-0.35	0.0	0.12	COCO
VCSA	-0.79	0.02		-0.34	0.0	-0.71	0.63	VCSA
COIN	0.44	0.56	-0.34		-0.72	0.55	-0.43	COIN
TAP	-0.35	-0.35	0.0	-0.72		-0.37	0.51	TAP
DEO	0.83	0.0	-0.71	0.55	-0.37		-0.84	DEO
UBER	-0.85	0.12	0.63	-0.43	0.51	-0.84		UBER
	FIZZ	COCO	VCSA	COIN	TAP	DEO	UBER

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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

DEO	+ 0.83	FIZZ
UBER	+ 0.63	VCSA
COIN	+ 0.56	COCO
DEO	+ 0.55	COIN
UBER	+ 0.51	TAP
COIN	+ 0.44	FIZZ

High negative correlations

UBER	- 0.85	FIZZ
UBER	- 0.84	DEO
VCSA	- 0.79	FIZZ
TAP	- 0.72	COIN
DEO	- 0.71	VCSA
UBER	- 0.43	COIN

Risk-Adjusted Indicators

There is a big difference between Atmus Stock performing well and Atmus Filtration 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 Atmus Filtration'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
FIZZ	1.15	(0.20)	0.00	0.65	0.00	0.00	2.24	(2.23)	7.80
COCO	1.91	(0.20)	0.00	(0.25)	0.00	0.00	4.21	(5.13)	19.52
VCSA	1.89	0.70	0.40	(7.38)	1.05	(2.68)	4.72	(2.31)	31.66
COIN	3.54	(0.40)	0.00	(0.17)	0.00	0.00	6.94	(7.98)	26.02
TAP	1.39	0.10	0.06	0.13	1.75	(1.53)	3.06	(3.11)	13.51
DEO	1.30	(0.25)	0.00	(0.68)	0.00	0.00	2.79	(2.53)	8.99
UBER	1.92	0.32	0.15	3.02	2.11	(2.12)	4.72	(3.13)	12.75

Atmus Filtration Corporate Management

Jack Kienzler	Chief Officer	Profile
Renee Swan	Senior Officer	Profile
Toni Hickey	Chief Secretary	Profile
Heidi Neal	Chief Officer	Profile
Greg Hoverson	Chief Officer	Profile

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