ATN International Correlations

ATNI Stock

USD 22.79 0.90 4.11%

The current 90-days correlation between ATN International and Ooma Inc is 0.18 (i.e., Average diversification). The correlation of ATN 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.

ATN International Correlation With Market

Very good diversification

The correlation between ATN International and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATN International 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 ATN International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in ATN Stock please use our How to Invest in ATN International guide.

Moving together with ATN Stock

0.69	FNGR	FingerMotion	Pair Corr
0.65	IDT	IDT Corporation	Pair Corr
0.69	IHS	IHS Holding	Pair Corr
0.63	PHI	PLDT Inc ADR	Pair Corr
0.73	TEF	Telefonica SA ADR	Pair Corr
0.72	VOD	Vodafone Group PLC	Pair Corr
0.77	IDCC	InterDigital	Pair Corr

Moving against ATN Stock

0.65	TEO	Telecom Argentina	Pair Corr
0.54	GOGO	Gogo Inc	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	OOMA	Ooma Inc	Pair Corr
0.34	UCL	Ucloudlink Group	Pair Corr
0.34	GSAT	Globalstar, Common Stock	Pair Corr
0.47	RDCM	Radcom	Pair Corr
0.39	CCOI	Cogent Communications	Pair Corr
0.39	Z	Zillow Group Class	Pair Corr
0.35	LBRDP	Liberty Broadband Corp	Pair Corr
0.34	CABO	Cable One	Pair Corr
0.31	TDS-PV	Telephone and Data	Pair Corr

Related Correlations Analysis

	RADI	KT	SKM	OOMA	LBRDA	CABO	CNSL	IDT	SHEN	IHS
RADI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RADI
KT	0.0		0.3	0.02	0.69	-0.81	0.0	0.39	-0.36	0.3	KT
SKM	0.0	0.3		0.22	0.37	-0.23	0.0	0.39	-0.36	0.27	SKM
OOMA	0.0	0.02	0.22		-0.15	-0.08	0.0	0.03	-0.38	-0.07	OOMA
LBRDA	0.0	0.69	0.37	-0.15		-0.57	0.0	0.49	-0.06	0.41	LBRDA
CABO	0.0	-0.81	-0.23	-0.08	-0.57		0.0	-0.26	0.35	-0.23	CABO
CNSL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CNSL
IDT	0.0	0.39	0.39	0.03	0.49	-0.26	0.0		0.11	0.67	IDT
SHEN	0.0	-0.36	-0.36	-0.38	-0.06	0.35	0.0	0.11		0.08	SHEN
IHS	0.0	0.3	0.27	-0.07	0.41	-0.23	0.0	0.67	0.08		IHS
	RADI	KT	SKM	OOMA	LBRDA	CABO	CNSL	IDT	SHEN	IHS

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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

LBRDA	+ 0.69	KT
IHS	+ 0.67	IDT
IDT	+ 0.49	LBRDA
IHS	+ 0.41	LBRDA
IDT	+ 0.39	KT
IDT	+ 0.39	SKM

High negative correlations

CABO	- 0.81	KT
CABO	- 0.57	LBRDA
SHEN	- 0.38	OOMA
SHEN	- 0.36	SKM
SHEN	- 0.36	KT
IDT	- 0.26	CABO

Risk-Adjusted Indicators

There is a big difference between ATN Stock performing well and ATN 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 ATN 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
RADI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
SKM	0.92	(0.03)	0.00	(0.12)	0.00	0.00	2.24	(1.72)	5.06
OOMA	1.42	(0.10)	0.00	0.74	0.00	0.00	3.31	(2.42)	7.54
LBRDA	1.38	0.09	0.05	0.05	1.97	(1.34)	2.78	(3.12)	9.58
CABO	2.37	(0.50)	0.00	(2.08)	0.00	0.00	4.12	(6.18)	22.18
CNSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDT	1.23	0.13	0.14	3.24	1.20	(1.46)	2.46	(1.87)	13.13
SHEN	1.87	0.00	0.03	(0.07)	3.00	(1.78)	3.57	(4.38)	16.61
IHS	2.85	0.90	0.38	(3.06)	1.91	(3.86)	8.84	(3.50)	14.38

ATN International Corporate Executives

Elected by the shareholders, the ATN International's board of directors comprises two types of representatives: ATN International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ATN. The board's role is to monitor ATN International's management team and ensure that shareholders' interests are well served. ATN International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ATN International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Justin Benincasa

CFO, Principal Accounting Officer and Treasurer

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