ATWEC Technologies Correlations

ATWT Stock

USD 0 0.0005 33.33%

The correlation of ATWEC 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ATWEC Technologies Correlation With Market

Significant diversification

The correlation between ATWEC Technologies and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATWEC Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ATWEC 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 ATWEC 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 ATWEC 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 ATWEC Technologies to buy it.

Moving against ATWEC Pink Sheet

0.53	SCTBF	Securitas AB	Pair Corr
0.43	VFS	VinFast Auto	Pair Corr
0.42	SECU-B	Securitas AB	Pair Corr
0.35	MSA	MSA Safety	Pair Corr
0.35	SCTBY	Securitas AB	Pair Corr
0.31	VFSWW	VinFast Auto	Pair Corr
0.6	STKL	SunOpta	Pair Corr
0.6	AI	C3 Ai Inc	Pair Corr
0.57	UAN	CVR Partners LP	Pair Corr
0.53	ACHR	Archer Aviation Aggressive Push	Pair Corr
0.53	SW	Smurfit WestRock plc	Pair Corr
0.5	TATT	Tat Techno	Pair Corr
0.46	ORC	Orchid Island Capital	Pair Corr
0.42	SOUN	SoundHound AI	Pair Corr
0.42	ALL	Allstate	Pair Corr
0.42	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.64	GMXTF	GMxico Transportes SAB	Pair Corr
0.61	C	Citigroup Earnings Call This Week	Pair Corr
0.6	KINS	Kingstone Companies	Pair Corr
0.57	COUR	Coursera	Pair Corr

Related Correlations Analysis

	BAERW	ASAZY	AGSS	BLPG	ASAZF	BCO	DRNG	BKYI	KSCP	GFAI
BAERW		0.0	-0.14	0.14	0.0	-0.08	0.29	-0.1	0.57	-0.16	BAERW
ASAZY	0.0		0.42	0.54	0.63	0.83	0.4	-0.51	-0.42	-0.28	ASAZY
AGSS	-0.14	0.42		0.46	0.37	0.46	0.35	-0.23	-0.5	-0.07	AGSS
BLPG	0.14	0.54	0.46		0.49	0.73	0.34	-0.51	-0.15	-0.39	BLPG
ASAZF	0.0	0.63	0.37	0.49		0.61	0.17	-0.71	-0.51	-0.27	ASAZF
BCO	-0.08	0.83	0.46	0.73	0.61		0.16	-0.49	-0.48	-0.29	BCO
DRNG	0.29	0.4	0.35	0.34	0.17	0.16		-0.3	0.09	-0.42	DRNG
BKYI	-0.1	-0.51	-0.23	-0.51	-0.71	-0.49	-0.3		0.35	0.52	BKYI
KSCP	0.57	-0.42	-0.5	-0.15	-0.51	-0.48	0.09	0.35		-0.05	KSCP
GFAI	-0.16	-0.28	-0.07	-0.39	-0.27	-0.29	-0.42	0.52	-0.05		GFAI
	BAERW	ASAZY	AGSS	BLPG	ASAZF	BCO	DRNG	BKYI	KSCP	GFAI

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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

BCO	+ 0.83	ASAZY
BCO	+ 0.73	BLPG
ASAZF	+ 0.63	ASAZY
BCO	+ 0.61	ASAZF
KSCP	+ 0.57	BAERW
BLPG	+ 0.54	ASAZY

High negative correlations

BKYI	- 0.71	ASAZF
KSCP	- 0.51	ASAZF
BKYI	- 0.51	BLPG
BKYI	- 0.51	ASAZY
KSCP	- 0.5	AGSS
BKYI	- 0.49	BCO

Risk-Adjusted Indicators

There is a big difference between ATWEC Pink Sheet performing well and ATWEC 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 ATWEC 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
BAERW	13.34	2.43	0.15	(1.35)	12.25	(19.73)	25.00	(20.00)	136.55
ASAZY	0.85	(0.18)	0.00	(1.22)	0.00	0.00	1.64	(2.11)	6.11
AGSS	12.27	1.48	0.07	(0.28)	12.44	(30.42)	32.36	(28.57)	186.60
BLPG	6.68	(0.09)	0.00	0.11	0.00	0.00	21.42	(17.96)	44.37
ASAZF	0.68	(0.18)	0.00	(4.43)	0.00	0.00	0.00	(2.18)	16.78
BCO	1.23	(0.26)	0.00	(1.06)	0.00	0.00	2.43	(2.75)	8.85
DRNG	7.46	0.75	0.02	0.54	10.50	(50.00)	50.00	(33.33)	83.33
BKYI	8.43	2.22	0.28	(0.96)	6.38	(13.12)	24.44	(10.34)	104.96
KSCP	7.27	1.77	0.18	1.84	8.79	(7.97)	16.91	(13.25)	52.99
GFAI	6.49	1.91	0.36	1.27	4.18	(9.57)	21.90	(9.27)	61.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in ATWEC 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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ATWEC Technologies Corporate Management

Alex Wiley	Chairman Consultant	Profile
George Brown	S Director	Profile
David Hall	Treasurer Director	Profile
Darnell Stitts	Pres CEO	Profile
Tyrone Dunn	Ex Director	Profile

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