Atmus Filtration Correlations

ATMU Stock

53.30 0.86 1.64%

The current 90-days correlation between Atmus Filtration Tec and Crane NXT Co is 0.22 (i.e., Modest 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 0.52 (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.

Build AI portfolio with Atmus Stock

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 inflation.

Moving together with Atmus Stock

0.93	PH	Parker Hannifin	Pair Corr
0.73	RFG	Roebuck Food Group	Pair Corr
0.88	DCI	Donaldson	Pair Corr
0.89	FTV	Fortive Corp	Pair Corr
0.84	WWD	Woodward	Pair Corr
0.86	ZKH	ZKH Group Limited	Pair Corr
0.67	PRV	Porvair plc	Pair Corr

Moving against Atmus Stock

0.76	JBI	Janus International	Pair Corr
0.62	NVX	Novonix Ltd ADR	Pair Corr
0.59	PNR	Pentair PLC	Pair Corr
0.55	EPAC	Enerpac Tool Group	Pair Corr
0.5	ERII	Energy Recovery	Pair Corr
0.48	MWA	Mueller Water Products	Pair Corr
0.47	002757	Nanxing Furniture	Pair Corr
0.46	HY	Hyster Yale Materials	Pair Corr
0.37	DPRO	Draganfly	Pair Corr
0.75	HYFM	Hydrofarm Holdings	Pair Corr
0.74	XOS	Xos Inc	Pair Corr
0.7	605259	Lutian Machinery	Pair Corr
0.66	603109	Senci Electric Machinery	Pair Corr
0.65	GTEC	Greenland Acquisition	Pair Corr
0.65	ILAG	Intelligent Living	Pair Corr
0.57	GENC	Gencor Industries	Pair Corr
0.55	688700	Kunshan Dongwei Tech	Pair Corr
0.54	300629	King Strong New	Pair Corr
0.42	HYLN	Hyliion Holdings Corp	Pair Corr
0.4	XYL	Xylem Inc	Pair Corr
0.4	EGL	Environmental Group	Pair Corr

Related Correlations Analysis

	CXT	CAAP	BRC	HAYW	MDU	MWA	SNDR	SKYW	WSC	VSEC
CXT		-0.69	-0.47	-0.2	-0.24	0.66	-0.2	-0.01	0.49	-0.19	CXT
CAAP	-0.69		0.19	0.63	0.66	-0.56	0.38	-0.06	-0.45	0.48	CAAP
BRC	-0.47	0.19		0.1	-0.27	0.15	0.34	0.54	0.27	0.35	BRC
HAYW	-0.2	0.63	0.1		0.49	-0.06	0.2	-0.04	-0.04	0.68	HAYW
MDU	-0.24	0.66	-0.27	0.49		-0.56	-0.03	-0.57	-0.65	0.45	MDU
MWA	0.66	-0.56	0.15	-0.06	-0.56		0.09	0.37	0.86	0.03	MWA
SNDR	-0.2	0.38	0.34	0.2	-0.03	0.09		0.66	0.39	0.01	SNDR
SKYW	-0.01	-0.06	0.54	-0.04	-0.57	0.37	0.66		0.68	-0.14	SKYW
WSC	0.49	-0.45	0.27	-0.04	-0.65	0.86	0.39	0.68		-0.09	WSC
VSEC	-0.19	0.48	0.35	0.68	0.45	0.03	0.01	-0.14	-0.09		VSEC
	CXT	CAAP	BRC	HAYW	MDU	MWA	SNDR	SKYW	WSC	VSEC

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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

WSC	+ 0.86	MWA
VSEC	+ 0.68	HAYW
WSC	+ 0.68	SKYW
MWA	+ 0.66	CXT
MDU	+ 0.66	CAAP
SKYW	+ 0.66	SNDR

High negative correlations

CAAP	- 0.69	CXT
WSC	- 0.65	MDU
SKYW	- 0.57	MDU
MWA	- 0.56	MDU
MWA	- 0.56	CAAP
BRC	- 0.47	CXT

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
CXT	1.69	(0.24)	0.00	(0.12)	0.00	0.00	2.74	(3.62)	19.12
CAAP	1.68	0.31	0.22	0.35	1.17	(2.21)	4.77	(2.20)	19.45
BRC	1.09	(0.02)	(0.04)	0.07	1.26	(1.18)	1.97	(2.19)	5.11
HAYW	1.38	(0.08)	(0.03)	0.03	1.47	(1.67)	2.80	(2.82)	14.48
MDU	1.09	0.29	0.14	1.08	1.12	(1.17)	2.48	(2.29)	8.59
MWA	1.03	(0.08)	(0.05)	0.01	1.54	(0.99)	1.89	(2.30)	7.74
SNDR	1.92	0.11	0.05	0.18	2.45	(2.10)	5.00	(3.28)	17.74
SKYW	1.44	(0.15)	(0.05)	0.00	1.81	(1.54)	3.27	(2.93)	11.11
WSC	2.29	(0.28)	0.00	(0.03)	0.00	0.00	5.05	(5.25)	13.93
VSEC	1.95	(0.06)	(0.01)	0.05	2.16	(2.23)	4.17	(3.30)	10.96

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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