Atlas Corp Correlations
| ATCOLDelisted Stock | USD 25.32 0.00 0.00% |
The current 90-days correlation between Atlas Corp and Coeur Mining is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlas Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Atlas Corp Correlation With Market
Good diversification
The correlation between Atlas Corp and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Corp and DJI in the same portfolio, assuming nothing else is changed.
Atlas |
Moving together with Atlas Stock
| 0.79 | PTAIY | Astra International Tbk | PairCorr |
| 0.79 | ATI | Allegheny Technologies | PairCorr |
| 0.7 | TYTMF | Tokyo Tatemono | PairCorr |
| 0.8 | ULS | UL Solutions | PairCorr |
| 0.81 | AIP | Arteris Tech Boost | PairCorr |
| 0.74 | HYMC | Hycroft Mining Holding | PairCorr |
| 0.87 | SWKH | SWK Holdings Corp | PairCorr |
| 0.78 | BEAG | Bold Eagle Acquisition | PairCorr |
| 0.81 | NILIF | Surge Battery Metals | PairCorr |
| 0.89 | CPPKF | Copperbank Resources Corp | PairCorr |
| 0.8 | INTG | Intergroup | PairCorr |
| 0.84 | VRTX | Vertex Pharmaceuticals | PairCorr |
| 0.75 | FMFP | First Community Financial | PairCorr |
Moving against Atlas Stock
| 0.69 | INV | Innventure, | PairCorr |
| 0.56 | PTAIF | PT Astra International | PairCorr |
| 0.7 | EEGI | Eline Entertainment | PairCorr |
| 0.62 | CRVH | Chilco River Holdings | PairCorr |
Related Correlations Analysis
| 0.0 | 0.05 | 0.01 | 0.37 | 0.69 | -0.51 | CDE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HTRC | ||
| 0.05 | 0.0 | 0.73 | -0.6 | 0.5 | -0.18 | PMNXF | ||
| 0.01 | 0.0 | 0.73 | -0.78 | 0.45 | -0.08 | EVMNY | ||
| 0.37 | 0.0 | -0.6 | -0.78 | -0.15 | -0.13 | TSRYF | ||
| 0.69 | 0.0 | 0.5 | 0.45 | -0.15 | -0.58 | MAKOF | ||
| -0.51 | 0.0 | -0.18 | -0.08 | -0.13 | -0.58 | JSDA | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Atlas Stock performing well and Atlas Corp 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 Atlas Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDE | 3.43 | 0.17 | 0.04 | 0.18 | 4.78 | 7.43 | 27.75 | |||
| HTRC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMNXF | 2.00 | 0.49 | 0.17 | 32.46 | 2.09 | 4.86 | 15.72 | |||
| EVMNY | 2.43 | 0.47 | 0.08 | 0.88 | 2.62 | 5.61 | 38.54 | |||
| TSRYF | 1.45 | (0.32) | 0.00 | 1.23 | 0.00 | 2.19 | 17.79 | |||
| MAKOF | 2.08 | 0.23 | 0.07 | 0.57 | 2.57 | 3.87 | 19.42 | |||
| JSDA | 3.24 | (0.09) | 0.00 | (0.28) | 0.00 | 5.88 | 23.03 |
Atlas Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atlas Corp stock to make a market-neutral strategy. Peer analysis of Atlas Corp could also be used in its relative valuation, which is a method of valuing Atlas Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Atlas Corp Corporate Management
| Gabrielle Smith | Director HR | Profile | |
| Marilyn JD | Chief Officer | Profile | |
| Peter Jackson | Chief Officer | Profile | |
| Sarah Pybus | Associate Officer | Profile | |
| Graham Talbot | Chief Officer | Profile | |
| Torsten Pedersen | Chief Officer | Profile | |
| Stefan Hockley | Head Resources | Profile |
Still Interested in Atlas Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.